Stem Cell Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
A rise in disposable income among people across the world over the years has amplified developments in the healthcare industry and lead to the development of stem cell therapies, due to the demands of people for advanced and latest medical technologies. Investments infused by the governments especially in developing countries to improve the medical sector has supplemented advancements in the industry over time.
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Research carried out to develop innovative therapies and personalized medicines to meet targeted medical needs has amplified the adoption stem cell therapeutics. The scientists, for instance, are extensively working on ways to regenerate heart cells from the placenta that may be used in patients after myocardial infarction. This will help to relieve the patients who are diagnosed with cardiovascular diseases in order to control the mortality rates.
The researchers are also discovering different aspects of stem cell therapy for its use in neurological disorders. Explained below are some of the main factors impacting stem cell therapy market size in the coming years, which is anticipated to reach USD 15 billion in yearly revenues by 2025.
Growing prevalence of chronic diseases owing to genetic disorders and unhealthy lifestyle adoption among masses will positively impact stem cell therapy market outlook. Stem cell therapy offers various benefits over conventional therapeutic methods, which makes it preferable for curing degenerative cell disorders. For instance, researchers are extensively seeking to regenerate healthy heart cells from placenta to treat patients after myocardial infarction. Advancing researches in stem cell therapy offer better prospects for curing cardiovascular diseases and minimizing mortality rates.
Geriatric population is susceptible to degenerative diseases such as Alzheimer's and Parkinson's disorders. Recent stem cell therapies aid production of healthy cells by replacing the defective cells via minimally invasive techniques. Geriatric population will come to heavily rely on stem cell therapies and hence add impetus to stem cell therapy market trend for expansion.
Stem cell therapy is gaining popularity owing to application in treatment of bone-joint injuries, which may include fractured bones and spinal defects, femoral head, osteogenesis imperfecta and ligament tendon. To cure orthopedic diseases such as osteoporosis and arthritis, mesenchymal stem cell therapy is gaining traction due to its ability to differentiate into cartilage and bone.
With rise in accidents and trauma cases that are being registered across the globe, stem cell therapy industry is estimated to garner considerable proceeds from orthopedic segment. Over the forecast timeline, orthopedic segment is projected to witness growth of more than 9%.
Rising government initiatives for promoting stem cell therapy in developing countries will propel stem cell therapy industry growth in the APAC region. Governments across developing countries are encouraging researchers and scientists to carry out studies to advance stem cell therapies in order to develop innovative solutions for treating chronic diseases. Moreover, many countries in the region are being backed by government funds to establish stem cell centers. For instance, Biopolis, a biomedical research center for stem cell research has been established by Singapore JTC Corporation. Such government initiatives in Asian countries are estimated to expand stem cell therapy market share. In 2018, APAC stem cell therapy market held around 20% revenue garnered by the global stem cell therapy market.
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Partial Chapter of the Table of Content
Chapter 4. Stem Cell Therapy Market, By Type
4.1. Key segment trends
4.2. Allogenic stem cell therapy
4.2.1. Market size, by region, 2014-2025 (USD Million)
4.3. Autologous stem cell therapy
4.3.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Stem Cell Therapy Market, By Application
5.1. Key segment trends
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5.1. Market size, by region, 2014-2025 (USD Million)
5.6.1. Market size, by region, 2014-2025 (USD Million)