New York, NY, Sept. 03, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Stem Cell Therapy Market by Type (Allogenic SCs and Autologous SCs) by Therapeutic Application (Musculoskeletal Disorders, Wounds & Injuries, Cardiovascular Diseases, Gastrointestinal Diseases, Immune System Diseases, and Others), by Cell Source (Adipose Tissue-Derived Mesenchymal SCs, Bone Marrow-Derived Mesenchymal SCs, Embryonic SCs, and Other Sources), and by End User (Hospitals and ASCs): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global stem cell therapy market was valued at approximately USD 1328.22 million in 2017 and is expected to generate revenue of around USD 4759.27 billion by the end of 2024, growing at a CAGR of around 20% between 2018 and 2024.
Stem cell therapy is a technique used to treat various types of diseases with the use of stem cells. Stem cells are the type of cells which can differentiate into the different type of organs & tissues. Increase in the adoption of stem cells therapy to treat diabetes, cancer, wounds, injuries, etc. and the growing investment by different companies & government for development of innovative & new technologies is expected to fuel the growth of global stem cell therapy market.
Browse through 71 Tables & 33 Figures spread over 110 Pages and in-depth TOC on “Global Stem Cell Therapy Market Size, Share 2017 Report: By Types, Trends, Segments Analysis and Forecast, 2024”.
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Stem cells therapy market is segmented on the type, therapeutic application, cell source, and end user. On the basis of type, stem cell therapy market is segmented into autologous stem cells & allogenic stem cells. The allogenic SCs segment is projected to grow at the highest growth rate in the forecast period owing to the rise in the commercialization of allogenic SC therapy, and large therapeutic applications of allogenic SC.
Therapeutic application segment includes musculoskeletal disorders, immune system diseases, gastrointestinal diseases, cardiovascular diseases, wounds & injuries, and others. Cardiovascular disease segment is expected to dominate the market in the forecast period.
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Based on cell source, the market is segmented into adipose tissue-derived mesenchymal SCs, embryonic SCs, bone-marrow-derived mesenchymal SCs, and others. Embryonic SCs dominate the market as it is easy to obtain as compared to the adult stem cells. Embryonic SCs also easily differentiate into the organ cells which also fuels the growth of the embryonic SCs segment.
On the basis of the end user, the stem cell therapy market is segmented ASCs and hospital. The hospital segment is expected to dominate the stem cell therapy market in the forecast period.
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In the forecast period, North America is projected to dominate the global stem cell therapy market. The U.S. dominates the North American stem cell therapy market which is followed by Canada. Stem cell therapy can cure diseases like cancer & diabetes. There is a rapid increase in the prevalence of such diseases in this region and awareness about stem cell therapy for the treatment of such diseases is fueling the growth of the stem cell therapy market. The rapid increase in adoption of these therapies & procedures, new product innovation & launching, and increase in a number of clinical trials for evaluation of the therapeutic potential of stem cell products are also some of the factors that fuel the growth of the SCs therapy market in this region. Presence of a number of organizations & centers that are engaged in R&D activities of innovating new stem cell therapy is also expected to fuel the growth of stem cell therapy market.
Europe is anticipated to be the second lucrative market for stem cell therapy due to the development of efficient & advanced technologies. The rapid increase in investment in the healthcare industry and an increase in awareness of stem cell therapy among the population for different treatments are expected to stimulate the growth of the European stem cell therapy market.
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The Asia Pacific is expected to show the highest growth in the market in the next few years. The countries that anticipate witnessing fastest development in the stem cell therapy in Asia Pacific region is China & India. The rising acceptance of grants by various funding agencies & government for scientific researches on stem cell-based therapy & product is anticipated to stimulate the growth of the stem cell therapy market in the Asia Pacific. Increase in healthcare expenditure, investment of main players for development, and launch of new technologies & adoption of western lifestyle are also expected to fuel the growth of the Asia Pacific stem cell therapy market.
The Middle East & Africa and Latin America regions are expected to show slow growth in the forecast period. Rising awareness about the SC therapies, growing expenditure in the healthcare sector, adoption of western lifestyle and technologies, and rapid development in the infrastructure of healthcare is expected to fuel the growth of the stem cell therapy market.
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The main players involved in the global market of stem cell therapy are Anterogen Co., Ltd., RTI Surgical, Inc., Pharmicell Co., Ltd., MEDIPOST Co., Ltd., JCR Pharmaceuticals Co., Ltd., Holostem Terapie Avanzate S.r.l., NuVasive, Inc., and AlloSource. The major companies are involved in strategic acquisition & mergers for global expansion & development of their R&D capabilities.
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This report segments the global stem cell therapy market as follows:
Global Stem Cell Therapy Market: Type Segment Analysis
- Allogenic Stem Cells
- Autologous Stem Cells
Global Stem Cell Therapy Market: Therapeutic Application Segment Analysis
- Musculoskeletal Disorders
- Wounds & Injuries
- Cardiovascular Diseases
- Gastrointestinal Diseases
- Immune System Diseases
- Other Applications
Global Stem Cell Therapy Market: Cell Source Segment Analysis
- Adipose Tissue-Derived Mesenchymal SCs
- Bone Marrow-Derived Mesenchymal SCs
- Embryonic SCs
- Other Sources
Global Stem Cell Therapy Market: End-User Segment Analysis
- Hospital
- Ambulatory Service Centers
Global Stem Cell Therapy Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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