Report Description
The global stem cell therapy market size was valued at USD 8.8 billion in 2020 and is estimated to expand at a CAGR of 10.5% during the forecast period, 2021–2028. The growth of the market is attributed to consistent government funding and initiatives for regenerative medicine research and development activities in industrialized economies.
Stem cell therapy is a non-invasive procedure for repairing or replacing damaged or diseased tissues and cells. It is a type of regenerative medicine that employs the utilization of stem cells to cure a variety of ailments. These stem cells have the ability to self-replicate and heal other damaged cells and tissues in the body. Stem cell treatment received a lot of attention recently, due to increased occurrence of numerous chronic ailments and uncommon genetic diseases throughout the world. Induced pluripotent stem cells (iPSCs) are adult stem cells that have been genetically reprogrammed to mimic embryonic stem cells (ESCs). iPSCs are comparable to ESCs in that they can develop into specialized tissue cells based on gene expression, making them a viable alternative to ESCs. ESCs are involved with legislation and socio-ethical concerns relating to contraception, abortion, and in vitro fertilization, as it is derived from early-stage embryos. The use of iPSCs avoids the use of human embryos, eliminating social and ethical concerns.
The impact of the global spread of COVID-19 infection on the sector was minimal. Across various regions, several research institutes and government agencies were concentrating on speedy and effective technologies for the treatment of life-threatening illnesses, including COVID-19. In addition, various clinical trials in the field of regenerative medicine were undertaken. However, it is still in the early stages of research in comparison to the single umbilical cord stem cell market.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing government initiatives for stem cell therapy in developed and developing countries is expected to drive market.
- Rising awareness regarding accessibility of stem cell therapy is anticipated to propel the market.
- Advancements in regenerative medicine in North America & Europe are projected to boost the market during the forecast period.
- Ethical issues associated with stem cell therapy are expected to hinder the market growth in the coming years.
- High-cost issues associated with stem cell therapy are anticipated to hamper the market growth during the forecast period.
- Increasing investments in research, clinical trials, and emergence of iPSCs as an alternative to ESCs creates lucrative opportunities for the market players.
Scope of the Report
The report on the global stem cell therapy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Stem Cell Therapy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Therapeutic Area (Cardiovascular, Neurology, Oncology, and Orthopedic), Types (Autologous Stem Cell Therapy and Allogenic Stem Cell Therapy), and End-users (Clinics and Hospitals)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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PHARMICELL Co., Ltd.; JCR Pharmaceuticals Co., Ltd.; NuVasive, Inc.; Smith & Nephew; MEDIPOST Co., Ltd.; and Anterogen Co., Ltd.
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Market Segment Insights
Oncology segment to expand at a considerable CAGR
On the basis of therapeutic area, the market is segmented into cardiovascular, neurology, oncology, and orthopedic. The oncology segment is projected to expand at a considerable CAGR during the forecast period due to increasing occurrence of cancer cases and effectiveness of stem cell therapy in treatment of cancer. The neurology segment is anticipated to account for a major market share during the forecast period, owing to the increasing prevalence of neurological disorders and high cost of therapy.
Allogenic Stem Cell Therapy segment to hold a significant share of the market
In terms of types, the market is divided into autologous stem cell therapy and allogenic stem cell therapy. The allogenic stem cell therapy segment is expected to hold a significant share of the market in the coming years, due to ease of production and manufacturing processes and the increasing availability of novel stem cell products. The autologous stem cell therapy segment accounts for a significant market share, as it provides high compatibility with human immune system, as the patients are their own donors of stem cells.
Hospitals segment to expand at a high rate during the forecast period
Based on end-users, the market is bifurcated into clinics and hospitals. The hospitals segment is expected to expand at a high rate during the forecast period, owing to the growing demand for stem cell treatments in hospitals to minimize difficulties caused by intrusive approaches such as surgical procedures. The clinics segment is expected to be grow rapidly during the forecast period, due to advancements in regenerative medicine.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period. Favorable government actions are responsible for significant regional growth. For example, the government of Canada and JDRF Canada announced a research grant of USD 6 million in November 2020 to speed up stem cell-based therapeutics for type 1 diabetes. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to growing prevalence of chronic diseases among people in the region.
Segments
The global market has been segmented on the basis of
Therapeutic Area
- Cardiovascular
- Neurology
- Oncology
- Orthopedic
Types
- Autologous Stem Cell Therapy
- Allogenic Stem Cell Therapy
End-users
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global market are PHARMICELL Co., Ltd.; JCR Pharmaceuticals Co., Ltd.; NuVasive, Inc.; Smith & Nephew; MEDIPOST Co., Ltd.; and Anterogen Co., Ltd.
The stem cell therapy market is extremely competitive, with a large number of big firms. Few big firms presently dominate the industry in terms of market share. Product breakthroughs and improvements in stem cell technologies by key market players are generating competition. Novadip Biosciences gained FDA clearance for its Investigational New Drug (IND) application for its autologous cell treatment product, NVD-003, in March 2021. Congenital Pseudarthrosis of the Tibia (CPT) is treated with this product. The company is expected to boost its market position by improving its product offerings and expanding its consumer base.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stem Cell Therapy 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 Therapy 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 Therapy Market - Supply Chain
4.5. Global Stem Cell Therapy Market Forecast
4.5.1. Stem Cell Therapy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stem Cell Therapy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Stem Cell Therapy Market Absolute $ Opportunity
5. Global Stem Cell Therapy Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Stem Cell Therapy Market Size and Volume Forecast by Types
5.3.1. Autologous Stem Cell Therapy
5.3.2.
Allogenic Stem Cell Therapy
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Stem Cell Therapy Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Stem Cell Therapy Market Size and Volume Forecast by End Users
6.3.1. Clinics
6.3.2.
Hospitals
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Stem Cell Therapy Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Stem Cell Therapy Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Stem Cell Therapy Demand Share Forecast, 2019-2026
8. North America Stem Cell Therapy 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
8.2. North America Stem Cell Therapy Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Stem Cell Therapy Market Size and Volume Forecast by Types
8.4.1. Autologous Stem Cell Therapy
8.4.2.
Allogenic Stem Cell Therapy
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Stem Cell Therapy Market Size and Volume Forecast by End Users
8.7.1. Clinics
8.7.2.
Hospitals
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Stem Cell Therapy Demand Share Forecast, 2019-2026
9. Latin America Stem Cell Therapy 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. Latin America Average Pricing Analysis
9.2. Latin America Stem Cell Therapy Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Stem Cell Therapy Market Size and Volume Forecast by Types
9.4.1. Autologous Stem Cell Therapy
9.4.2.
Allogenic Stem Cell Therapy
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Stem Cell Therapy Market Size and Volume Forecast by End Users
9.7.1. Clinics
9.7.2.
Hospitals
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Stem Cell Therapy Demand Share Forecast, 2019-2026
10. Europe Stem Cell Therapy 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. Europe Average Pricing Analysis
10.2. Europe Stem Cell Therapy Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Stem Cell Therapy Market Size and Volume Forecast by Types
10.4.1. Autologous Stem Cell Therapy
10.4.2.
Allogenic Stem Cell Therapy
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Stem Cell Therapy Market Size and Volume Forecast by End Users
10.7.1. Clinics
10.7.2.
Hospitals
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Stem Cell Therapy Demand Share Forecast, 2019-2026
11. Asia Pacific Stem Cell Therapy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Stem Cell Therapy Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Stem Cell Therapy Market Size and Volume Forecast by Types
11.4.1. Autologous Stem Cell Therapy
11.4.2.
Allogenic Stem Cell Therapy
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Stem Cell Therapy Market Size and Volume Forecast by End Users
11.7.1. Clinics
11.7.2.
Hospitals
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Stem Cell Therapy Demand Share Forecast, 2019-2026
12. Middle East & Africa Stem Cell Therapy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Stem Cell Therapy Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Stem Cell Therapy Market Size and Volume Forecast by Types
12.4.1. Autologous Stem Cell Therapy
12.4.2.
Allogenic Stem Cell Therapy
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Stem Cell Therapy Market Size and Volume Forecast by End Users
12.7.1. Clinics
12.7.2.
Hospitals
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Stem Cell Therapy Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Stem Cell Therapy Market: Market Share Analysis
13.2. Stem Cell Therapy Distributors and Customers
13.3. Stem Cell Therapy Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. PHARMICELL Co., Ltd.
13.4.2.
JCR Pharmaceuticals Co., Ltd.
13.4.3.
NuVasive, Inc.
13.4.4.
Smith & Nephew
13.4.5.
MEDIPOST Co., Ltd.
13.4.6.
Anterogen Co., Ltd