Stem Cell Therapy Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Stem Cell Therapy market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
Stem Cell Therapy Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Stem Cell Therapy market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
Stem cell therapy market promotes dysfunctional or injured tissue repair response using stem cells or derivatives. It is the next chapter in organ transplantation and uses cells instead of donor organs, which are limited in supply. The adult stem cells, such as adipose tissue-derived mesenchymal stem cells, bone marrow-derived mesenchymal stem cells, and placental or umbilical stem cells, are found in small numbers in most tissues. The embryonic stem cells originate from embryos, which are three to five days old. Emerging indications indicate that adult stem cells may be able to create various types of cells.
Stem cells are the body's initial materials from which all other cells with specialized functions are generated. Under the right conditions in the body or a laboratory, stem cells divide to form more cells called daughter cells. The daughter cells become new stem cells or specialized cells (differentiation) with a more specific function, such as blood cells, brain cells, heart muscle cells, or bone cells. Much interest in stem cells has brought interest among the research scientists. Understanding how a disease develops and occurs by using stem cells, generating healthy cells to replace cells, and testing novel drug safety and efficacy are the scientific reasons why stem cell therapeutics are used.
The global stem cell therapy is supportive and aims to reduce the severity of the symptoms. Data Bridge Market Research analyses that the global stem cell therapy market is expected to reach the value of USD 398.54 million and grow at a CAGR of 9.7% during the forecast period of 2022 to 2029.
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Major Players:-
- Osiris Therapeutics, Inc. (A subsidiary of Smith+Nephew),
- JCR Pharmaceuticals Co., Ltd,
- Orthofix Medical Inc.,
- MEDIPOST,
- Takeda Pharmaceutical Company Limited,
- CORESTEM, Inc.,
- PHARMICELL Co., Ltd.,
- STEMPEUTICS RESEARCH PVT LTD,
- ANTEROGEN.CO., LTD,
- Holostem Terapie Avanzate S.r.l.,
- U.S. Stem Cell, Inc,
- BrainStorm Cell Limited,
- Pluristem Inc.,
- International Stem Cell Corporation,
- Mesoblast Ltd,
- Athersys, Inc.,
- BioRestorative Therapies
For instance,
- In 2021, the World Health Organization (WHO) data, approximately 1.7 billion people were down with musculoskeletal disorders worldwide. Low back pain causes a high burden of musculoskeletal disorders.
- Rise in investment in research and development and availability of funding for stem cell research.
Global Stem Cell Therapy Market Dynamics
Drivers
- Rise in Prevalence and Incidence of Chronic Diseases
Chronic diseases are common health conditions around the world. Globally, one in three adults suffers from chronic conditions. Chronic diseases have affected the health and quality of life of many citizens. Chronic diseases—including cancer, musculoskeletal disorders and neurology disorders, chronic injuries, cardiovascular and gastrointestinal—can lead to hospitalization, long-term disability, reduced quality of life, and death.
The mesenchymal stem cells penetrate and integrate into multiple organs, repair cardiovascular, lung and spinal cord injuries, and improve the state of autoimmune diseases, liver, and bone and cartilage diseases. Stems cells are a potent tool for the treatment of diseases caused by inflammation, immune system failure, and or tissue degeneration.
The stem cell research is funded by the National Institute of Health (NIH) budget. The private sector also funds stem cell research, but such investment generally occurs later, during the testing and development phase, then during initial basic research. With stem cell therapies being such a new field, it is crucial an unbiased governmental body supervise them; the FDA is cautious and thorough, but they are endlessly struggling for funding, making a long-term investment that aligns the payment with the potential future beneficiaries.
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Global Stem Cell Therapy Market Scope
The global stem cell therapy market is segmented into five segments based on product type, type, application, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Bone Marrow Derived Mesenchymal Stem Cells
- Placental or Umbilical Stem Cell
- Adipose Tissue Derived Mesenchymal Stem Cells
- Others
Type
- Allogeneic Stem Cell Therapy
- Autologous Stem Cell Therapy
Application
- Musculoskeletal Disorders
- Wounds and Injuries
- Acute Graft-Versus-Host Disease (AGVHD)
- Surgeries
- Gastrointestinal Diseases
- Cardiovascular Diseases
- Others
End User
- Hospitals and Surgical Centers
- Therapeutic Companies
- Services Companies
- Others
Distribution Channel
- Direct Tenders
- Third Party Distributors
Global Stem Cell Therapy Market Regional Analysis/Insights
The global stem cell therapy market is analyzed, and market size insights and trends are provided by regions, product type, type, application, end user, and distribution channel, as referenced above. Some of the countries covered in the global stem cell therapy market report are the U.S., Canada, Italy, Belgium, Czech Republic, Germany, U.K., Spain, Hungary, Poland, South Korea, Japan, India, and Israel. The U.S. in the North America region is expected to dominate the market due to a rise in chronic diseases, ongoing clinical trials, and the advancement of therapeutic companies.
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