Stem Cell Therapy Market Size to Reach USD 3,693.6 Million in 2027 | Industry Trend – Increasing Funding for Research by Many Public and Private Organizations
Increasing awareness about advantages of stem cell therapy and rising demand for regenerative medicine worldwide are key factors expected to drive Stem Cell Therapy market revenue growth.
Emergen Research has published its latest report titled, “Stem Cell Therapy Market By Type (Allogeneic Stem Cell Therapy, Autologous Stem Cell Therapy), By Application (Regenerative Medicine, Drug discovery & development), By End Use (Clinics, Hospitals, Others), and By Region, Forecasts to 2027”
According to Emergen Research, the global stem cell therapy market size was USD 342.7 million in 2019 and is expected to reach USD 3,693.6 million in 2027 and register a revenue CAGR of 36.2% during the forecast period, 2020-2027.
Market Dynamics:
Stem cell therapy is a non-invasive treatment used for regenerating damaged or diseased tissues, cells. It is a form of regenerative medicine that uses cells to treat various health conditions. These stem cells are capable of replicating themselves to repair and replace other damaged cells and tissues in the body. Stem cell therapy has rapidly gained traction over the recent past owing to rising incidence of various chronic disorders and rare genetic diseases across the globe. Factors such as increasing investments in research and development activities, government initiatives to promote stem cell therapy, and increasing clinical trials are expected to fuel market revenue growth during the forecast period.
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In addition, increasing inclination towards induced pluripotent stem cells (iPSCs) and increasing demand for gene and cell therapies is expected to further boost global market growth going ahead. However, high initial investments required for stem cell therapy, unavailability of well-developed research infrastructure, and facilities for stem cell therapies due to budget constraints and ethical issues associated with embryonic stem cells are some key factors expected to hamper market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Allogeneic Stem Cell Therapy Segment to Account for Largest Revenue Share:
The allogeneic stem cell therapy segment is expected to account for largest revenue share over the forecast period owing to increasing prevalence of types of cancer, high success rate of treatment and low risk of disease recurrence and increasing research based activities.
Regenerative Medicine to Register Steady Revenue Growth:
The regenerative segment is expected to register steady revenue growth during the forecast period. Factors such as increasing prevalence of chronic diseases such as cancer, diabetes, cardiovascular diseases, and neurological disorders, rising awareness about regenerative medicine, and increasing research-based activities on regenerative medicine are expected to drive revenue growth of the segment.
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North America to Lead In Terms of Revenue:
North America is expected to retain its leading position in the global market over the forecast period. This can be attributed to factors such as rapid adoption of latest technologies, increasing funds for ongoing stem cell therapy research, and high prevalence of chronic diseases and rare genetic disorders across the region. In addition, availability of well-developed healthcare and research facilities, favorable government regulations and policies, and increasing demand for regenerative medicine are expected to further boost North America market growth during the forecast period.
Major Companies in the Market Include:
- Virgin Health Bank
- Celgene Corporation
- ReNeuron Group plc
- Biovault Family
- Precious Cells International Ltd.
- Mesoblast Ltd.
- Opexa Therapeutics, Inc.
- Caladrius
- Neuralstem, Inc.
- Pluristem
For the purpose of this report, Emergen Research has segmented into the global stem cell therapy market on the basis of type, application, end-user, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
- Allogeneic Stem Cell Therapy
- Autologous Stem Cell Therapy
Application Outlook (Revenue, USD Million; 2017-2027)
- Regenerative Medicine
- Orthopedics
- Neurology
- Hematology stem cells
- Soft tissue injuries
- Cardiovascular And Myocardial Infarction-based
- Oncology
- Diabetes
- Liver Disorder
- Others
- Drug discovery & Development
End Use Outlook (Revenue, USD Million; 2017-2027)
- Clinics
- Hospitals
- Others
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Stem Cell Therapy Market Segmentation & Impact Analysis
4.1. Stem Cell Therapy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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