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
Stem Cell Market Outlook 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.
Stem Cell Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for biologics, technological advancement in stem cell therapeutics, and a growing focus on the development of personalized medication are expected to drive the market during the forecast period.
- Increasing focus on the treatment of neurological disorders is likely to boost the stem cell market.
- Growing popularity of personalized medicines is estimated to propel the market. Researchers are discovering new procurement methods that can be further applied for developing personalized medicines.
- R&D investment and technological advancement in stem cell market are expected to offer lucrative opportunities for the market players.
Scope of Stem Cell Market Report
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. |
Stem Cell Market Segment insights
Product Type Segment Analysis
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.
Application Segment Analysis
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.
Treatment Type Segment Analysis
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.
Regional Outlook
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stem Cell Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Stem Cell Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stem Cell Market - Supply Chain
4.5. Global Stem Cell Market Forecast
4.5.1. Stem Cell Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stem Cell Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Stem Cell Market Absolute $ Opportunity
5. Global Stem Cell Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Stem Cell Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Stem Cell Demand Share Forecast, 2019-2026
6. North America Stem Cell Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Stem Cell Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Stem Cell Demand Share Forecast, 2019-2026
7. Latin America Stem Cell Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Stem Cell Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Stem Cell Demand Share Forecast, 2019-2026
8. Europe Stem Cell Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Stem Cell Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Stem Cell Demand Share Forecast, 2019-2026
9. Asia Pacific Stem Cell Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Stem Cell Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Stem Cell Demand Share Forecast, 2019-2026
10. Middle East & Africa Stem Cell Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Stem Cell Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Stem Cell Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Stem Cell Market: Market Share Analysis
11.2. Stem Cell Distributors and Customers
11.3. Stem Cell Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Thermo Fisher Scientific
11.4.2. Becton, Dickinson and Company
11.4.3. Stemcell Technologies Inc.
11.4.4. Merck KGaA(Sigma Aldrich)
11.4.5. PLURISTEM THERAPEUTICS INC.