Global Stem Cell Market Research Report

Global Stem Cell Market

The GMI Research forecasts that the Stem Cell Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the the support of government initiatives, increasing focus on the treatment of neurological disorders, and the rise in clinical trials.

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Introduction of the Stem Cell Market

Stem cells are undifferentiated or partially differentiated cells that can be districted into various types of cells and multiply indefinitely to produce more of the same stem cell. They are the earliest type of cell in a cell lineage found in both embryonic and adult organisms, but they have slightly different properties in each.

Key Players of the Global Stem Cell Market:

· Alphabet, Inc.

· Siemens AG

· International Business Machines Corporation

· Emerson Electric Co.

· SAP SE

· Koninklijke Philips N.V.

· Cisco Systems, Inc.

· Schneider Electric SE

· ABB Ltd.

· Honeywell International Inc

Stem Cell Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The surging number of clinical trials throughout the world is the major driver responsible for the growth of the global stem cell market. In accordance with the "National Library of Medicine," the number of clinical trials reached 2373,420 by the end of April 2021 from 205,344 in 2015, contributing to the market growth. Moreover, increasing favorable initiatives coupled with the expanding consciousness among consumers related to the storage of these cells are fuelling the market growth. For instance, the "Australian Government Department of Health," in April 2021, initiated a "Stem Cell Therapies Mission", under which US$ 150 million will be invested for effective treatment of Australians over nine years, which will promote the stem cell market size. Also, the rising emphasis on neurological disorders cure is paving the way for the stem cell industry’s growth. As per the World Health Organisation, approximately 7.1 % of the total diseases were led by cardiovascular or neurological diseases and can be treated by stem cell therapy. However, in accordance with the stem cells market research, the complexities associated with unascertained regulatory directions for preservation and commercialization will hamper the market growth.

Product Segment Drivers

Based on the product, adult stem cells are predicted to dominate the market during the forecast period. The factors driving the growth are tumorigenesis, immune rejection, and minor controversial issues concerning ethics. In addition, the escalating number of clinical trials has raised the market growth.

Application Segment Drivers

Based on the application, regenerative medicine is contemplated to expand at a higher rate in the near future due to the aggravating approval for different targeted diseases. For example, in 2020 Government of Canada announced an investment of US$ 6.9 million in stem cell research which will supplement the market share.

Regional Drivers

On the basis of regional coverage, North America is projected to lead the market over the forecast period. This is because of the convincing encouragement to employ cellular therapies for evolving diseases, which has raised the market growth primarily in the United States and Canada. For instance, FDA in 2020 accepted a clinical trial that used umbilical cord-derived MSCs for curbing the life-menacing lung inflammation in COVID-19 patients, along with the vigorous reimbursement policies that bolstered the market growth.

Stem Cell Market Segmentation:

Segmentation by Product:

· Adult Stem Cells (ASCs)

· Human Embryonic Stem Cells

· Induced Pluripotent Stem Cells (Ipscs)

· Very Small Embryonic Like Stem Cells

Segmentation by Application:

· Regenerative Medicine

· Drug Discovery and Development

Segmentation by Technology:

· Cell Acquisition

· Cell Production

· Cryopreservation

· Expansion and Sub-Culture

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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