Global “Stem Cell Market” is expected to an extensive growth during the forecast period 2018-2023. Stem Cell Market report provides in detail analysis of market with revenue growth and future trends. report includes the forecasts, market size, share estimates and profiles of the leading industry Players.
The North American stem cell market is expected to witness a CAGR of 9.5% during the forecast period. Certain factors that are driving the growth of the market include the increase in the approval for clinical trials in stem cell research, growing demand for regenerative treatment options, and rising R&D initiatives to develop therapeutic options for chronic diseases.
The market for stem cell is growing, along with the increasing clinical trials around the region. North America, especially the United States, dominated the overall market in terms of the number of trials undergoing in the stem cell therapies. The United States dominates the market in both product type and banking services, holding around 77.4% of the total North American market.
Stem cells play a major role in regenerative medicine, especially in the field of dermatology. However, oncology is expected to register the highest growth rate, due to a large number of pipeline products in the treatment for cancers. With the increase in the number of regenerative medicine centers, the cell market is also expected to grow in the future.
Stem cells banking is gaining prominence with the support of government initiatives. The number of stem cell banks is increasing in the region, which is aiding the growth of the market. Moreover, increasing awareness about stem cell storage among people has also positively affected the market.
Scope of the Report
The Scope of the Report is limited to tracking the stem cell market in North America. Stem cells are biological cells that can differentiate into other types of cells. These cells can be used to replace cells and tissues, which have been damaged or lost due to injury or disease.
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Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Stem Cell Market by Companies
Key Market Trends
The Oncology Disorders Segment is Expected to Show Lucrative Growth in the Therapeutic Application Type
Cancer has had a major impact on US society as well as the North American region. As per the estimates of the National Cancer Institute, in 2019, 1,735,350 new cases of cancer were anticipated to be diagnosed in the United States, and 609,640 deaths were expected from the disease. The increasing medical burden can be attributed to population growth. Bone marrow transplant or stem cell transplant is a treatment for some types of cancer, such as leukemia, multiple myeloma, multiple myeloma, neuroblastoma, or certain types of lymphoma.
Embryonic stem cells (ESC) are the major source of stem cells for therapeutic purposes, due to higher totipotency and indefinite lifespan compared to adult stem cells with lower totipotency and restricted lifespan. However, the use of ESCs for research and therapeutic purposes is restricted and prohibited in many countries throughout the world, due to ethical constraints. Scientists from the University of California, Irvine, created a stem cell-based approach to kill cancerous tissue, preventing some of the toxic side effects of chemotherapy by treating the disease in a more localized way.
Although the market shows a positive growth due to the growing focus of stem cell-based research that can further strengthen the clinical application, the expensive nature of stem cell therapy may still hamper its growth.
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Table of Content of Global Stem Cell Market – Growth, Trends, Forecast and Challenges (2019 – 2023)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Stem Cell Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Stem Cell Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Stem Cell Market Segmentation, By Capacity
7. Global Stem Cell Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Stem Cell Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Stem Cell Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
10.4 Company 4
10.5 Company 5
And Many More….
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No. of Pages: – 85
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