The Latin American Stem Cell Market size is estimated to be growing at a CAGR of 10.9% during the forecast period. The market size is predicted to be worth USD 2581.55 million by 2028 from USD 1538.94 million in 2023.
Factors such as the growing geriatric population and incidences of chronic diseases such as cardiovascular, leukemia, cancer diseases, neurodegenerative disorders, and gastrointestinal diseases are majorly propelling the growth of the Latin American stem cell market. Strong support from government and private agencies is ascribed to boost up the demand of the market. A rising aging population and chronic diseases are key factors responsible for driving the stem cells market in this part of the world. In clinical research, to examine drug effectiveness, stem cells are used effectively, propelling the market's growth. The rise in the number of people suffering from chronic illnesses is an important factor for companies to expand the stem cell market in this region. The development of induced pluripotent stem cell lines also prompts demand for the stem cell market in this region.
However, the cost of stem cell therapies and research related to stem cells is restraining the demand for the market in this region.
This research report on the Latin American stem cell market has been segmented and sub-segmented into the following categories:
By Treatment mode:
By Cells Type:
Geographically, the Mexican stem cell market is the most lucrative regional market in Latin America. An increase in the investment in research and development on stem cells is likely to bolster the market's demand. Developing countries like Argentina are esteemed to have a significant growth rate in the forecast period.
KEY MARKET PARTICIPANTS:
A few of the promising companies in the Latin American stem cell market profiled in this report are Athersys, StemCells Inc, Cryo-Cell International, Geron Corporation, Mesoblast Ltd, Aastrom Biosciences Inc, Celgene Corporation, Invitrogen and Cytori Therapeutics Inc.
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