According to Inkwood Research, the Global Stem Cell Market is
projected to register a CAGR of 7.82% in terms of revenue during the
forecasting years of 2021-2028.
“Browse 93 Market Data Tables and 65 Figures
spread over 286 Pages, along with an in-depth TOC on the Global Stem Cell Market Forecast
2021-2028.”
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Stem cells harbor substantial potential, in
terms of cutaneous tissue regeneration and facilitating wound repair in a
paracrine manner. Numerous types of cells, such as, hematopoietic stem cells,
adipose-derived stem cells, epithelial stem cells, resident tissue stem cells,
embryonic stem cells, and mesenchymal stem cells, are presently under extensive
investigation. As a result, this is likely to contribute to the stem cell
market growth.
Technological
Advancements Anticipated to Drive Market Growth
Technological advancements across stem
cell-based therapies have substantially increased the demand, and transformed
researchers’ perspective towards regenerative medicine. For instance,
hematogenic stem cells are currently used for treating leukemia and other
blood-related conditions. The regulatory and commercial aspects are projected
to continue influencing these factors. Besides, the growing rate of success is
likely to essentially drive market demand.
Likewise, British and Canadian researchers
have discovered an innovative method of stem cell generation, which does not
destroy human embryos. The procedure is characterized by re-programming skin
cells from an adult to embryo-like stem cells. Additionally, a novel method,
termed, induced pluripotent stem cell (iPS) therapy is developed to administer
adult stem cells, without injecting viruses that cause cancer.
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Autologic
Stem Cell Therapy is the Prominent Treatment Type
Autologic stem cell therapy entails the
patient’s stem cells being removed from the bone marrow or blood, and put into
a cryogenic facility. The main purpose of an autologous transplant is allowing
the patient to be given high chemotherapy doses, with or without radiation.
This would otherwise be highly toxic to tolerate since the bone marrow would be
extensively damaged. After the patient undergoes an intensive regimen of chemotherapy
and, or, radiation therapy, the previously removed and frozen stem cells are
then thawed and placed back into the body of the patient. Since the patient has
been treated with their cells, there is no possibility of developing
graft-versus-host disease (GVHD). As a result, this is the treatment modality’s
significant advantage.
North
America to be the Dominant Region by 2028
Growing investments in research and
development endeavors across the field of stem cells, in addition to other
pharmaceuticals, predominantly drives the market growth in North America.
Moreover, the increasing numbers of chronic conditions further contribute to
the region dominating the global market. For instance, cancer cases, among
females and males, have notably surged, over recent years.
Stem cells play an essential role in drug
discovery as well as toxicology. As a result, the degree of intensity towards
technical strength optimization, especially in terms of stem cells, is
consistently growing. This aspect is vital in facilitating the growth of
enterprises operating in the market. Therefore, the industrial rivalry across
the global stem cell market is expected to increase further, and continue to
remain high during the forecast years. Leading companies in the market include,
Qiagen NV, Smith & Nephew PLC, GE Healthcare, Corning Inc, Becton,
Dickinson and Company, etc.
About
Inkwood Research
Inkwood Research specializes in syndicated
& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
Contact Us
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