Segments - Stem Cell Market by Product Type (Adult Stem Cell, Human Embryonic Cell, Pluripotent Stem Cell, and Other Product Types), Application (Neurological Disorders, Orthopedic Treatments, Oncology Disorders, Injuries and Wounds, Cardiovascular Disorders, and Other Applications), Treatment Type (Allogeneic Stem Cell Therapy, Auto logic Stem Cell Therapy, and Syngeneic Stem Cell Therapy) and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global stem cell market size was USD 17.40 Billion in 2022 and is estimated to reach USD 37.17 Billion by 2031, expanding at a substantial CAGR of 8.8% during the forecast period, 2023–2031. The growth of the market is attributed to increasing number of clinical trials and the growing adoption of stem cell therapies globally.
The Covid-19 pandemic had a positive impact on the stem cell market. Ggovernment organizations in several research institutes, countries, and many biotech and pharmaceutical firms are aiming for rapid and effective technologies for the fast diagnosis of COVID-19.
According to a research article published in the scientific journal Aging and Disease (2020), mesenchymal stem cells are a safe and effective approach to the treatment of COVID-19; therefore, least 10 projects have been registered in the official international registry for clinical trials, implicating the use of mesenchymal stem cells to patients with corona virus pneumonia.
The report on stem cell market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Stem Cell Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Product Type (Adult Stem Cell, Human Embryonic Cell, Pluripotent Stem Cell, and Other Product Types), Application (Neurological Disorders, Orthopedic Treatments, Oncology Disorders, Injuries and Wounds, Cardiovascular Disorders, and Other Applications), Treatment Type (Allogeneic Stem Cell Therapy, Auto logic Stem Cell Therapy, and Syngeneic Stem Cell Therapy) |
Geography |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Thermo Fisher Scientific, Becton, Dickinson and Company, Stemcell Technologies Inc., Merck KGaA(Sigma Aldrich), and PLURISTEM THERAPEUTICS INC. |
Based on product type, the stem cell market is segregated into adult stem cell, human embryonic cell, pluripotent stem cell, and other product types. The adult stem cell segment is expected to account for a key share of the market during the forecast period owing to the presence of minimal controversial issues concerning immune-rejection, ethics, and tumorigenesis.
Furthermore, the application of ASCs in regenerative medicines is likely to boost the market; however, pluripotent stem cell segment is anticipated to expand at a rapid pace during the forecast period owing to increasing investment for developing regenerative medicines using iPSC, ensured reproducibility and maintenance which is capable of differentiation into all the cell types and high proliferative ability.
Based on applications, the stem cell market is divided into neurological disorders, orthopedic treatments, oncology disorders, injuries and wounds, cardiovascular disorders, and other applications.
The oncology disorders segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to increasing burden of cancer. According to the World Cancer Research Fund, in 2018, there were an estimated 18 million cancer cases around the globe which is anticipated to boost the segment growth.
Based on treatment type, the stem cell market is divided into allogeneic stem cell therapy, auto logic stem cell therapy, and syngeneic stem cell therapy.
The allogeneic stem cell therapy segment accounts for a key share of the market and is anticipated to grow at a rapid pace over the forecast period owing to their graft vs-cancer effect for the treatment of cancer, it helps stem cells from the donor which can use their immune system cell for killing cancer cells. Moreover, these are commonly used for treating different types of cancers such as lymphomas, leukemias, and myelomas.
In terms of geography, the market is broadly classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a robust CAGR during the forecast period.
Several factors such as advanced healthcare infrastructure, the presence of key players engaged in developing stem cell therapies, supportive reforms from healthcare organizations, extensive R&D, and strong reimbursement policies in this region is expected to drive the market growth in near future.
The stem cell market has been segmented on the basis of
Key players competing in the stem cell market include Thermo Fisher Scientific, Becton, Dickinson and Company, Stemcell Technologies Inc., Merck KGaA(Sigma Aldrich), and PLURISTEM THERAPEUTICS INC.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,