The global stem cell therapy market size is forecasted to hike at a CAGR of 11.8% during the forecast period. As a result, the market is estimated to be USD 25.09 billion by 2029 and USD 14.37 billion in 2024.
Automation in adult stem cells and cord blood processing and storage are the essential technologies anticipated to change the market of stem cell therapy. Furthermore, key corporations and institutes in this market are involved in research collaborations and developing new methods. Furthermore, a high infection rate has led to vaccine development using different human diploid and non-tumorigenic cell lines. Growth in demand and awareness and ongoing research and development of vaccines against various diseases may fuel the market growth over the forecast period. Besides, the increasing demand for regenerative medicines will likely propel stem cell therapy market growth.
Stem cell therapy uses living cells for a wide range of therapeutic applications. However, the high costs associated with stem cell therapy research and the ethical problem may restrain the market growth potential. The use of stem cells inside the human body is related to several biosafety concerns. Some religious principles are unacceptable for defiling the human body, even if it is for saving lives. In addition, several ethical issues are associated with stem cell use, as these cells are derived by destroying the human embryo, which is viewed as potential life. Such concerns about using embryonic stem cells for developing stem cell therapy are significant factors in restraining market growth across the globe.
The Stem Cell Therapy market is currently affected by the COVID-19 pandemic. Most projects in China, the US, Germany, and South Korea are held up. The companies face short-term operational concerns due to supply chain restrictions and lack of site access due to the COVID-19 pandemic lockdown. Asia-Pacific is also anticipated to get negatively affected by the spread of COVID-19 due to the pandemic's effect in China, Japan, and India. China is a significant country in terms of the chemical industry and is the epicenter of this lethal disease. Hence it is facing issues in the supply of required chemicals and components.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
Segments Covered |
By Type, Application, Cell Source, End-Users, And Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Challenges, Opportunities, Challenges; PESTLE Analysis; Porter's Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Market Leaders Profiled |
Osiris Therapeutics, Inc., MEDIPOST Co., Ltd., Anterogen Co. |
The allogeneic stem cell therapy segment held around 39% revenue share in 2020 and is anticipated to grow considerably during the forecast duration. Stem cells collected in allogenic therapy are free of corrupting tumor cells, thus reducing disease recurrence risk that will surge its demand, thereby stimulating segment growth.The autologous stem cell therapy segment will witness a 10.1% growth over the forthcoming years. However, there are concerns regarding cross-contamination during the large-scale production of autologous stem cell lines that will hinder segmental growth.
The hospital segment held over 56% revenue share in 2023, which is anticipated to grow significantly soon. The rising inclination towards stem cell therapies offered by hospitals proves beneficial for business growth. In addition, hospitals have connections with research laboratories and academic institutes that carry out research activities for developing stem cell therapies. The clinic segment is expected to grow at around 10% during the forecast period. Nonetheless, as clinics offer specialized stem cell therapies, their treatment cost is much more expensive than hospitals which may reduce their preference.
Geographically, North America leads the global stem cell therapy market due to the rising adoption rate of novel stem cell therapies fueling the market growth. Additionally, favorable government initiatives have encouraged regional market growth. For instance, Canada's government has initiated the Strategic Innovation Fund Program, in which gov will invest in research activities for stem cell therapies. Additionally, an excellent reimbursing scheme in the region helps patients to spend more on health. The above factors could drive the North American market over the forecast period.
The stem Cell therapy market in the Asia Pacific is anticipated to expand at the highest CAGR over the forecast duration due to rising awareness of stem cell therapies' advantages among the population. Besides, developing collaboration between industry-academia to initiate research and development in stem cell therapy is anticipated to create vast growth over the forecast period. For instance, as per the report of Pharma Focus Asia, members of the Asia-Pacific Economic Cooperation collaborated with Life Sciences Innovation Forum. In addition, they focussed on professionals' involvement with expertise in stem cell therapies from academia and research centers to promote stem cell research developments in regional market growth.
Osiris Therapeutics, Inc., MEDIPOST Co., Ltd., Anterogen Co., Ltd., Pharmicell Co., Ltd., Holostem Terapie Avanzate SRL, JCR Pharmaceuticals Co., Ltd., NuVasive, Inc., RTI Surgical, Inc., and Allosource are some of the key companies operating in the global stem cell therapy market.
In January 2019, the Center for Beta Cell Therapy in Diabetes and ViaCyte Inc. entered a collaboration for their first European clinical trial involving human stem cell-derived implants among T1D patients.
In November 2018, Novartis AG received approval from the European Commission for its CAR-T (Kymriah) to treat B-cell acute lymphoblastic leukemia in pediatric and adult patients.
This research report on the global stem cell therapy market has been segmented and sub-segmented based on the type, application, cell source, end-users, and region.
By Type
By Application
By Cell Source
By End User
By Region
Frequently Asked Questions
Companies playing a major role in the global stem cell therapy market are Osiris Therapeutics, Inc., MEDIPOST Co., Ltd., Anterogen Co., Ltd., Pharmicell Co., Ltd., Holostem Terapie Avanzate SRL, JCR Pharmaceuticals Co., Ltd., NuVasive, Inc., RTI Surgical, Inc., and Allosource.
During the forecast period, the APAC region is anticipated to grow at the highest CAGR.
The global stem cell therapy market size was valued at USD 12.85 billion in 2023.
Yes, we have studied and included the COVID-19 impact on the global stem cell therapy market in this report.
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