According to Nova one advisor, during the forecast period of 2022 to 2030, the global Stem Cells market is estimated to develop at a compound annual growth rate (CAGR) of 12.4%.
According to Nova one advisor, during the forecast period of 2022 to 2030, the global Stem Cells market is estimated to develop at a compound annual growth rate (CAGR) of 12.4%. The global Stem Cells market size was valued at USD 12.53 billion in 2021, and it is predicted to exceed USD 29.68 billion by 2030. The study investigates several elements and their consequences on the growth of the Stem Cells market.
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The factors contributing to the growth include increasing demand for biologics, technological advancement in stem cell therapeutics, and a growing focus on the development of personalized medicines. The increasing focus on the treatment of neurological disorders contributes to the market expansion. According to the World Health Organization (WHO), around 7.1% of the total global burden of diseases is cerebrovascular diseases and neurological disorders. Hence, companies are conducting basic research and preclinical trials for testing the regenerative capacity of stem cells in the treatment of neurological conditions.
For instance, in May 2020 Celavie Biosciences advanced its 5-year exploratory study on Parkinson’s disease. The company is developing regenerative stem cell therapies for treating central nervous system disorders and Parkinson’s disease. Celavie Biosciences released successful results for their exploratory clinical trials of OK99 stem cells for Parkinson’s disease.
Moreover, the gaining popularity of personalized medicines is further contributing to the market growth. Researchers are discovering new procurement methods that can be further applied for developing personalized medicines. For instance, iPSC therapies are developed using a small amount of sample from a patient’s blood or skin cell that is later reprogrammed to form new cells and tissue for transplant. Hence, with the application of these cells, potential personalized medicines can be developed.
Furthermore, Companies are focusing on developing therapies for reducing different stress associated with COVID-19. For instance, in October 2020, NoveCite and Novellus Therapeutics Limited entered into a partnership for developing & commercializing NoveCiteiPSCs for treating COVID-19 associated Acute Respiratory Distress Syndrome (ARDS). The process has multimodal immunomodulatory mechanisms of action, which makes it a promising therapy for treating acute respiratory diseases.
Report Scope of the Stem Cells Market
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Report Coverage |
Details |
|
Market Size |
US$ 29.68 Billion by 2030 |
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Growth Rate |
CAGR of 12.4% from 2022 to 2030 |
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Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
Technological Advancements to Drive Market
Several companies are developing new approaches to culturing or utilizing stem cells for various applications. Stem cell technology is a rapidly developing field that combines the efforts of cell biologists, geneticists, and clinicians, and offers hope of effective treatment for various malignant and non-malignant diseases. The stem cell technology is progressing as a result of multidisciplinary effort, and advances in this technology have stimulated a rapid growth in the understanding of embryonic and postnatal neural development.
Adult Stem Cells Segment to Dominate Global Market
In terms of product type, the global stem cells market has been classified into adult stem cells, human embryonic stem cells, and induced pluripotent stem cells. The adult stem cells segment accounted for leading share of the global market in 2020. The capability of adult stem cells to generate a large number of specialized cells lowers the risk of rejection and enables repair of damaged tissues.
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Autologous Segment to Lead Market
Based on source, the global stem cells market has been bifurcated into autologous and allogenic. The autologous segment accounted for leading share of the global market in 2020. Autologous stem cells are used from one’s own body to replace damaged bone marrow and hence it is safer and is commonly being practiced.
Regenerative Medicines to be Highly Lucrative
In terms of application, the global stem cells market has been categorized into regenerative medicines (neurology, oncology, cardiology, and others) and drug discovery & development. The regenerative medicines segment accounted for major share of the global market in 2020, as regenerative medicine is a stem cell therapy and the medicines are made using stem cells in order to repair an injured tissue. Increase in the number of cardiac diseases and other health conditions drive the segment.
Therapeutics Companies Emerge as Major End-users
Based on end-user, the global stem cells market has been divided into therapeutics companies, cell & tissue banks, tools & reagents companies, and service companies. The therapeutics companies segment dominated the global stem cells market in 2020. The segment is driven by increase in usage of stem cells to treat various illnesses in the body. Therapeutic companies are increasing the utilization of stem cells for providing various therapies. However, the cell & tissue banks segment is projected to expand at a high CAGR during the forecast period. Increase in number of banks that carry out research on stem cells required for tissue & cell growth and elaborative use of stem cells to grow various cells & tissues can be attributed to the growth of the segment.
Regional Insights
North America accounted for the largest market share of 52.1% in 2020; growth in the region can be attributed to several factors such as the presence of key players engaged in developing stem cell therapies, advanced healthcare infrastructure, extensive R&D, supportive reforms from healthcare organizations and strong reimbursement policies. The U.S. is the leading country in the region owing to government initiatives and high research activities in the country.
Healthcare organizations are promoting the use of cellular therapies for emerging diseases. For instance, in April 2020, the U.S. Food and Drug Administration (FDA) authorized a clinical trial exploratory efficacy study that used umbilical cord-derived MSCs for prevention of the life-threatening lung inflammation in COVID-19 patients.
Asia Pacific is expected to expand at the fastest CAGR of 9.0% during the forecast year owing to the increasing development of stem cell-based therapies, government initiatives for developing regenerative medicines, the setup of several stem cell banks, and increasing clinical trials for regenerative medicines in the region. For instance, in July 2020, MEDIPOST announced the results for NEUROSTEM’s phase 1/2a study. It is an investigational stem cell therapy that can be used for treating Alzheimer’s disease.
Some of the prominent players in the Stem Cells market include:
- STEMCELL Technologies, Inc.
- AstellasPharma, Inc.
- Cellular Engineering Technologies, Inc.
- BioTime, Inc.
- Takara Bio, Inc.
- U.S. Stem Cell, Inc.
- BrainStorm Cell Therapeutics, Inc.
- Cytori Therapeutics, Inc.
- Osiris Therapeutics, Inc.
- Caladrius Biosciences, Inc., among others
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Stem Cells Market: Segmentation
Stem Cells Market, by Product
- Adult Stem Cell
- Human Embryonic Stem Cell
- Induced Pluripotent Stem Cell
- Others
Stem Cells Market, by Source
- Autologous
- Allogenic
Stem Cells Market, by Application
- Regenerative Medicines
- Neurology
- Oncology
- Cardiology
- Others
- Drug Discovery & Development
Stem Cells Market, by End-user
- Therapeutics Companies
- Cell & Tissue Banks
- Tools & Reagents Companies
- Service Companies
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
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Key Questions Answered in Stem Cells Market Report
What will be the sales/revenue generated by Stem Cells across all regions during the forecast period?
What are the opportunities in the global Stem Cells market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which application is expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
What is the market position of different companies operating in the global market?
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