The European stem cell market is one of the most rapidly growing markets. The market is currently valued at USD 4.2 billion and is expected to grow at a CAGR of 15.7% over a forecast period.
Europe’s Stem Cells Market- Market Dynamics
Stem cell research is one of the most exciting areas of science in the 21st century and has the potential to revolutionize the way we treat conditions, including degenerative diseases for which few effective treatments currently exist. Researchers, governments, and the general public have high expectations from this field and they hope that this research will one day produce great results that might cure diseases such as Parkinson's, Diabetes, Cancer and Alzheimer's.
Drivers
There are several factors driving the growth of the stem cells market in Europe. Some of these are:
- Increased interest in patients willing to undergo the stem cell treatment
- Increase in the approval for clinical trials in stem cell research
- Recent developments such as the increase in the number of clinical trials in stem cell research
- Developments in the field of human stem cells
Restraints
Although there is ample scope for growth in the stem cells market in Europe, there are factors restraining it as well. Some of them are:
- Expensive treatment procedures
- Regulatory complications
- Ethical framework
The stem cell research market is segmented on the basis of service, therapeutic application, treatment, and geography. In the stem cell segmentation by service mode, stem cell banking occupies the majority share of the market. In stem cell segmentation by treatment mode, allogeneic stem cell therapy market occupies the majority share. On the basis of geography, the market has been segmented into the UK, Spain, Germany, France and Denmark.
Some of the key players in the market are:
- Cellerix
- CellGenix
- NsGene
- TiGenix
- VetCell Biosciences Ltd
Key Deliverables in the Study
- Market analysis for Europe’s stem cells market, with region-specific assessments and competition analysis on the global and regional scale.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
