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Stem Cell Market Had a Significant Effect on Economy, Market Price, Growth Rate, and Size – Forecast to 2024

Stem Cell

This “Stem Cell Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Stem Cell market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The stem cell market is experiencing growth, owing to the increasing number of clinical trials around the world. North America, especially the United States, dominated the number of trials undergoing in stem cell therapies. The United States dominates the market in both the products and banking services segments, holding around 77.4% of the total North American market. However, Asia-Pacific is growing at the highest growth rate. Stem cells are majorly used in regenerative medicine, especially in the field of dermatology. However, oncology is expected to grow at the highest growth rate, due to a large number of pipeline products present for the treatment of tumors or cancers. With the increase in the number of regenerative medicine centers, the stem cell market is also expected to increase in the future.
  • Stem cells banking is gaining importance with the support of government initiatives. The number of stem cell banks is increasing in developing countries, which is aiding the growth of the market. Also, increasing awareness about stem cell storage among the people has positively affected the market. Currently, the market is not well established in many therapeutic areas and has shown nascent success in history. However, it holds great potential in both the diagnosis and therapeutic fields.

    Stem Cell Market Covers Manufacturers:

  • Osiris Therapeutics Inc.
  • Pluristem Therapeutics Inc.
  • Thermo Fisher Scientific
  • Qiagen NV
  • Sigma Aldrich Corporation
  • Becton, Dickinson and Company
  • Stem Cell Technologies Inc.
  • AllCells LLC
  • Miltenyi Biotec
  • International Stem Cell Corporation

    Scope of the Report:

  • The scope of this market is limited to tracking the stem cell market. As per the scope of this report, stem cells are biological cells that can differentiate into other types of cells. Also, various types of stem cells are used for therapeutic purposes.

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    Key Market Trends:

    Oncology Disorders Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period

    Cancer has a major impact on society in the United States and across the world. As per the estimation of National Cancer Institute, in 2018, 1,735,350 new cases of cancer were anticipated to get diagnosed in the United States, and 609,640 deaths were expected from the disease. This increasing medical burden is due to population growth. Bone marrow transplant or stem cell transplant is a treatment for some types of cancers, like leukemia, multiple myeloma, multiple myeloma, neuroblastoma, or some types of lymphoma.

    Embryonic stem cells (ESC) are the major source of stem cells for therapeutic purposes, due to their higher totipotency and indefinite lifespan, as compared to adult stem cells with lower totipotency and restricted lifespan. However, the use of ESCs for research and therapeutic purposes is restricted and prohibited in many countries throughout the world, due to some ethical constraints. Scientists from the University of California, Irvine, created the stem cell-based approach to kill cancerous tissue while preventing some toxic side effects of chemotherapy by treating the disease in a more localized way.

    Although the market shows positive growth, due to the growing focus of stem cell-based research that can further strengthen the clinical application, its expensive nature for stem cell therapy may still hamper its growth.

    North America Captured The Largest Market Share and is Expected to Retain its Dominance

    North America dominated the overall stem cell market with the United States contributing to the largest share in the market. In 2014, the Sanford Stem Cell Clinical Center at the University of California, San Diego (UCSD) Health System, announced the launch of a clinical trial, in order to assess the safety of neural stem cell-based therapy in patients with chronic spinal cord injury. Researchers hoped that the transplanted stem cells may develop into new neurons that could replace severed or lost nerve connections, and restore at least some motor and sensory functions. Such numerous stem cell studies across the United States have helped in the growth of the stem cell market.

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    Target Audience of Stem Cell Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Stem Cell Market Report:

    • Analyzing various perspectives of the Stem Cell market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Stem Cell market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Stem Cell market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Stem Cell market studied, during the forecast period
    • The segments that are expected to dominate the Stem Cell market studied.

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    Our Other Report: 2019-2024 Cryotherapy Market Explosive Outlook by Leading Players, Development Status, Source of Power, Estimated CAGR, and Forecast

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