Stem Cells Market - Global Research with Growth Forecasts and Latest Trends
The report "Global Stem Cells Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021" added by DecisionDatabases.com to its vast repository provides market insights, facts, historical data, and future projections of the stem cell industry. This report provides information in terms of revenue and volume for the period 2015 to 2022. Drivers, restraints, and opportunities are intellectually assessed in this research report.
Stem cells are somatic cells, which are undifferentiated in nature and have the ability to produce identical stem cells with mitosis process. These specialize to take specific functions in a growing organism. These cells also help in replacing damaged cell by differentiation process. High expenditure on R&D to develop a treatment for rare diseases coupled with surging popularity for regenerative treatment are the major growth driving forces for the stem cells market. Also the supportive government initiatives for drug discovery is expected to further aid the growth of stem cells market under the study period. Large funds are being devoted by various organizations for exhaustive research on stem cells. Moreover the growing global awareness regarding stem cells treatment is also anticipated to be a major reason for the market growth. However, shortage of infrastructural support, various ethical concerns and issues in preserving these cells are major restraints, which may hinder the market growth of the cells over the forecast period.
The global stem cells market has been segmented based on product into adult stem cells (hematopoietic stem cells, mesenchymal stem cells, neuronal stem cells, dental stem cells, and umbilical cord stem cells), human embryonic stem cells, induced pluripotent stem cells, natural rosette cells and very small embryonic-like stem cells. Induced pluripotent stem cells is a leading product segment and is expected to grow at the highest CAGR over the coming years owing to its low contamination property and better acceptance by the patient body. The stem cells market has been further segmented based on applications and technology. Regenerative medicine is a major application segment and is projected to witness a significant growth over the coming years on account of the large unmet healthcare needs and growing demand for regenerative medicines for chronic disorders such as Huntington’s and Parkinson’s disease. Furthermore, cell acquisition is the fastest growing technology segment and is estimated to grow substantially in the near future due to its growing usage as a fundamental step in any stem cells treatment across the globe.
North America is a major market for stem cells and is anticipated to grow at an outstanding rate over the forecast period owing to the rising government funding and increasing stem cell treatment approval by the Food and Drug administration (FDA) in the region. Additionally, increasing R&D for the development of a modern genomic process for stem cells will further boost the market demand in the near future. The Asia Pacific market is expected to grow at a significant rate over the coming years due to the presence of supportive policies, developing product portfolio and rising licensing approval in this region.
The key industry players include Advanced Cell Technology Inc., Angel Biotechnology, Bioheart Inc., BioTime Inc., BrainStorm Cell Therapeutics, California Stem Cells Inc., Celgene Corporation, Cellartis AB, Cellular Engineering Technologies Inc., Cytori Therapeutics Inc., Osiris Therapeutics and STEMCELL Technologies Inc.
In Sep 2015, Cellular Dynamics launched the world’s biggest Public Stem Cell Bank.
In May 2016, ProMedica and Stemedica Cell Technologies, Inc. along with the hockey legend Gordie Howe, have announced their collaboration to introduce a human Stem Cell test for traumatic brain damage.
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