The size of the Middle East & Africa Stem Cell Market is predicted at USD 1347.69 million in 2022 and estimated to reach USD 2852.64 million by the end of 2027, with a CAGR of 16.18% during the forecast period. The market is likely to overgrow because of the extensive research and development which is being done. In the field of life sciences, one of the most promising markets is the global stem cell market. It is expected to grow exponentially in the coming years as stem cells allow cost-effective treatment of many illnesses that currently have no or ineffective treatment.
Stem cells are taken from the human embryo, which can grow in any type of cell as they are not modified.
Growing improvements in healthcare infrastructure and rising research and development activities by the key players boost the market demand. In addition, increasing knowledge about the stem cell market and making better changes in healthcare are some factors that surge up market growth.
Moral issues involve stem cell research, and strict rules in conducting a clinical study on humans hamper the market growth. In addition, the lack of complete support from government organizations in underdeveloped countries is restraining the market's demand. The cost associated with the preservation of stem cells is also obstructing market growth.
COVID-19 Impact on the MEA Stem Cell Market:
The COVID-19 outbreak has had a significant impact on the biopharmaceutical industries. As stem cells play an essential role in treating various chronic diseases, scientists focused on developing a vaccine with these cells. As a result, many developers from the biotech firms are in the mid of their clinical trials in developing the vaccine for the virus’s genome.
This research report on the MEA Stem Cell Market has been segmented and sub-segmented the Europe Stem Cell Market into the following categories:
By Treatment mode:
By Cells Type:
Regionally, the MEA Stem Cell Market is estimated to have steady growth during the forecast period. Within the MEA, the stem cell market in South Africa has very bounded submission to stem cells and their applications. Net Cells is one of the largest stem cell banking in South Africa country. Growing economy in recent years is a significant factor for the market to grow in this country.
KEY MARKET PLAYERS:
Companies playing a significant role in the MEA 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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