Rising prevalence for target disease, increase in product launches, and strategic developments such as agreements and partnerships are driving the demand for stem cell therapy market.
The global Stem Cell Therapy Market is expected to reach USD 3,693.6 Million by 2027, according to a new report by Emergen Research. The stem cell therapy market is experiencing increased demand due to the rise in the number of clinical trials all over the world. Stem cells are applicable to the development of regenerative medicine, commonly used in the field of dermatology.
The global Stem Cell Therapy market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions. Therefore, the latest report elaborates on the rapidly changing market scenario and conducts preliminary, as well as the future assessment of COVID-19 impact on the market. Moreover, the document contains a broad analysis of prime aspects of the market, with expert opinions on the current market standing and historical data.
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The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global Stem Cell Therapy market.
Key highlights of the Global Stem Cell Therapy Market report:
- The latest report performs an in-depth study of the potential opportunities and risks associated with the global Stem Cell Therapy market, alongside studying the recent innovations and major events.
- The enhancement in the cutting-edge orthopedic treatments involving stem cell therapy has helped in the relief of pain and also in recovery time. It eliminates the need for medication and invasive surgery, such as joint replacements leading to increased mobility. The regenerative medicine segment is anticipated to grow with a CAGR of 36.4% during the forecast period.
- The intensely competitive atmosphere of the global Stem Cell Therapy market detailed in the report stresses on the product offerings and key strategies adopted by the established market players to strengthen their foothold in the industry.
- Key participants include Virgin Health Bank, Celgene Corporation, ReNeuron Group plc, Biovault Family, Precious Cells International Ltd., Mesoblast Ltd., Opexa Therapeutics, Inc., Caladrius, Neuralstem, Inc., and Pluristem, among others.
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The global Stem Cell Therapy market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2020 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
- Type Outlook (Revenue, USD Million; 2017-2027)
- Allogeneic Stem Cell Therapy
- Autologous Stem Cell Therapy
- Application Outlook (Revenue, USD Million; 2017-2027)
- Regenerative Medicine
- Hematology stem cells
- Soft tissue injuries
- Cardiovascular and myocardial infarction-based
- Liver Disorder
- Drug discovery & development
- Regenerative Medicine
- End-User Outlook (Revenue, USD Million; 2017-2027)
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North America will account for the largest share of the global stem cell market. The major contribution will be from the United States, and the region will witness high growth owing to the increased amount of funding by the private as well as government firms for clinical trials.
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
The report aims to answer the most common queries related to the global Stem Cell Therapy market:
- What is the scope of innovation in the current market landscape?
- What are the current trends dictating global market growth?
- What is the projected value of the market in 2027?
- Which regional market is expected to witness the highest CAGR during the forecast period?
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