Stem Cell Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Stem Cell Therapy Market Key Players and it is Segmented 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 (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The Values Are Provided in Terms of (USD Million)

Stem Cells Market Size

 Stem Cell Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 17.78 Billion
Market Size (2029) USD 28.00 Billion
CAGR (2024 - 2029) 9.52 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Stem Cell Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Stem Cells Market Analysis

The Global Stem Cell Market size is estimated at USD 17.78 billion in 2024, and is expected to reach USD 28 billion by 2029, growing at a CAGR of 9.52% during the forecast period (2024-2029).

The growth of the market is attributed to the rising number of clinical trials and the growing adoption of stem cell therapies globally. In the context of COVID-19, government organizations in various countries, research institutes, and many biotech and pharmaceutical firms are focusing on effective and rapid technologies for the fast diagnosis of COVID-19. According to a research article titled "Mesenchymal Stem Cell Therapy for COVID-19: Present or Future" published in April 2020, mesenchymal stem cells are a safe and effective approach to the treatment of COVID-19. Mesenchymal Stem Cells (MSCs)-based immunomodulation treatment has been proposed as a suitable therapeutic approach and several clinical trials have begun. The positive results from such studies can lead to the development of new therapies for COVID-19 and thus can propel the growth of the market.

Factors such as increased awareness about umbilical stem cells and growing demand for regenerative treatment options, coupled with rising research and development initiatives to develop stem cell therapies and increasing approvals for clinical trials in stem cell research, are majorly driving the growth of the market.

The area of stem cell-based therapies garners significant investments, and various clinical trials that require considerable support for expenditure are currently underway. Companies are fundraising to develop stem cell-based therapies to tackle many diseases. For instance, in January 2022, Cellino Biotech, a cell therapy manufacturing company, raised USD 80 million in Series A financing round. Cellino plans to expand access to stem cell-based therapies by building the first autonomous human cell foundry in 2025. As the applications of stem cell technologies in the treatment of diseases have ultimately increased, so has the overall adoption rate of these technologies across the world. This has led to increased investments by the market players for the development of novel therapies in this area.

Additionally, the initiatives taken by the government to support the research studies are also contributing to the growth of the market. For instance, in June 2020, the Australian Government funded USD 5.9 million for eight medical research projects to find new and innovative stem cell treatments for incurable diseases, including leukemia, Parkinson's disease, and epilepsy.

Thus, owing to the abovementioned factors, the market is expected to project significant growth over the forecast period. However, expensive procedures and regulatory complications, as well as ethical and moral frameworks, may hinder the growth of the market.

Stem Cells Market Trends

This section covers the major market trends shaping the Stem Cell Market according to our research experts:

The Oncology Disorders Segment is Expected to Exhibit the Fastest Growth Rate Over the Forecast Period

The global cancer burden has been increasing, and thus, cancer therapies must be modified according to regional and national priorities. As per the data published by the International Agency for Research on Cancer 2020, globally, 1 in 5 people develop cancer during their lifetime, and 1 in 8 men and 1 in 11 women die from the disease. Breast, colorectal, lung, cervical, and thyroid cancers are common among women, whereas lung cancer and prostate cancer are the most common among men, together accounting for nearly one-third of all male cancers.

A bone marrow transplant, or stem cell transplant, is a treatment for some types of cancer, like leukemia, multiple myeloma, neuroblastoma, or some types of lymphoma. For cancer treatments, both autologous and allogeneic stem cell transplants are done. Autologous transplants are preferred in the cases of leukemias, lymphomas, multiple myeloma, testicular cancer, and neuroblastoma.

The strategic initiatives taken by the market players are also propelling the growth of the segment growth. For instance, in February 2020, the Global Institute of Stem Cell Therapy and Research (GIOSTAR) inaugurated a new stem cell and cancer research and therapy center in Chandigarh, India. This facility represents the latest milestone in global expansion efforts spearheaded by GIOSTAR in India, Mexico, the United States, and numerous other countries.

Thus, owing to the abovementioned factors, the market segment is expected to show growth over the forecast period.

Stem Cell Market: Estimated Number of New Cancer Cases(in Million), Global, 2020 - 2040

North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period

North America dominated the overall stem cell market, with the United States contributing the largest share of the market. The United States and Canada have developed well-structured healthcare systems. These systems also encourage research and development. The increasing number of cancer cases is providing opportunities for market players. The major market players are focusing on R&D activities to introduce new stem cell therapies in the market. Additionally, according to the American Cancer Society, in 2022, there were an estimated 1,918,030 new cases of cancer in the United States, and 609,360 deaths were notified in the year 2022. It also reported that in males, the leading cancer sites in the country are prostate while in females it is breast cancer. Such an increasing burden of the disease is expected to propel the growth of the market.

In addition, the current situation of COVID-19 is another factor driving the growth of the market in the country, as research activities are undergoing for the treatment of COVID-19. Stem cell therapy could also be a promising approach for the treatment of COVID-19 in the future. For instance, in May 2020, Lineage Cell Therapeutics received a grant of USD 5 million from the California Institute for Regenerative Medicine (CIRM) to support the use of VAC, Lineage's allogeneic dendritic cell therapy, for the development of a potential vaccine against SARS-CoV-2, the virus that causes COVID-19.

Furthermore, in April 2021, Vertex Pharmaceuticals Incorporated received the United States Food and Drug Administration (FDA) Fast Track Designation for VX-880, and the company initiated a clinical trial for VX-880 in patients who have type 1 diabetes (T1D) with severe hypoglycemia and impaired hypoglycemic awareness. VX-880 is one of the first investigational stem cell-derived therapies utilizing fully differentiated, insulin-producing pancreatic islet cells for the treatment of type 1 diabetes. Such a fast approval procedure is expected to drive the growth of the market.

Thus, owing to the abovementioned factors, the North American region is expected to grow over the forecast period.

Global Stem Cell Market - Growth Rate by Region

Stem Cells Industry Overview

The stem cell market is highly competitive and consists of several major players. In terms of market share, a few of the major players currently dominate the market. The presence of major market players, such as Thermo Fisher Scientific (Qiagen NV), Sigma Aldrich (a subsidiary of Merck KGaA), Becton, Dickinson and Company, and Stem Cell Technologies, is, in turn, increasing the overall competitive rivalry in the market. The product advancements and improvements in stem cell technology by the major players are also increasing the competitive rivalry.

Stem Cells Market Leaders

  1. Thermo Fisher Scientific

  2. Becton, Dickinson and Company

  3. Stemcell Technologies Inc.

  4. Merck KGaA (Sigma Aldrich)

  5. PLURISTEM THERAPEUTICS INC.

*Disclaimer: Major Players sorted in no particular order

 Stem Cell Market Concentration
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Stem Cells Market News

  • In April 2022, Aspen Neuroscience, Inc., launched the first patient screening study of its kind, working with multiple clinical screening sites in the United States. The company's Trial-Ready Cohort Study is a preliminary step to filing an Investigational New Drug (IND) application with the United States Food & Drug Administration for ANPD001 and investigation of iPSC-derived cell replacement therapies for Parkinson's disease.
  • In April 2022, TreeFrog Therapeutics launched The Stem Cell SpaceShot Grant, accounting for USD 100,000 in research funding in the field of stem cell biology and regenerative medicine.

Stem Cells Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Awareness about Umbilical Stem Cell and Growing Demand for Regenerative Treatment Options

      2. 4.2.2 Rising R&D Initiatives to Develop Stem Cell Therapies and Increasing Approvals for Clinical Trials in Stem Cell Research

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Procedures

      2. 4.3.2 Regulatory Complications and Ethical and Moral Framework

    4. 4.4 Industry Attractiveness- Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Product Type

      1. 5.1.1 Adult Stem Cell

      2. 5.1.2 Human Embryonic Cell

      3. 5.1.3 Pluripotent Stem Cell

      4. 5.1.4 Other Product Types

    2. 5.2 By Application

      1. 5.2.1 Neurological Disorders

      2. 5.2.2 Orthopedic Treatments

      3. 5.2.3 Oncology Disorders

      4. 5.2.4 Injuries and Wounds

      5. 5.2.5 Cardiovascular Disorders

      6. 5.2.6 Other Applications

    3. 5.3 By Treatment Type

      1. 5.3.1 Allogeneic Stem Cell Therapy

      2. 5.3.2 Autologic Stem Cell Therapy

      3. 5.3.3 Syngeneic Stem Cell Therapy

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Smith & Nephew PLC

      2. 6.1.2 Pluristem Therapeutics Inc.

      3. 6.1.3 Thermo Fisher Scientific

      4. 6.1.4 Qiagen NV

      5. 6.1.5 Merck KGaA (Sigma Aldrich)

      6. 6.1.6 Becton, Dickinson and Company

      7. 6.1.7 Stem Cell Technologies Inc.

      8. 6.1.8 AllCells LLC

      9. 6.1.9 Miltenyi Biotec

      10. 6.1.10 International Stem Cell Corporation

      11. 6.1.11 ReNeuron Group plc

      12. 6.1.12 Regen BioPharma

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Stem Cells Industry Segmentation

As per the scope of the report, stem cells are biological cells that can differentiate into other types of cells. Additionally, various types of stem cells are used for therapeutic purposes. With multiple applications at the clinical stage for various diseases, these are being explored extensively by a large number of biopharmaceutical companies in recent times. The market is segmented 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 (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD billion) for the above segments.

By Product Type
Adult Stem Cell
Human Embryonic Cell
Pluripotent Stem Cell
Other Product Types
By Application
Neurological Disorders
Orthopedic Treatments
Oncology Disorders
Injuries and Wounds
Cardiovascular Disorders
Other Applications
By Treatment Type
Allogeneic Stem Cell Therapy
Autologic Stem Cell Therapy
Syngeneic Stem Cell Therapy
Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Stem Cells Market Research FAQs

The Global Stem Cell Market size is expected to reach USD 17.78 billion in 2024 and grow at a CAGR of 9.52% to reach USD 28.00 billion by 2029.

In 2024, the Global Stem Cell Market size is expected to reach USD 17.78 billion.

Thermo Fisher Scientific, Becton, Dickinson and Company, Stemcell Technologies Inc., Merck KGaA (Sigma Aldrich) and PLURISTEM THERAPEUTICS INC. are the major companies operating in the Global Stem Cell Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Stem Cell Market.

In 2023, the Global Stem Cell Market size was estimated at USD 16.23 billion. The report covers the Global Stem Cell Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Stem Cell Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The key challenges faced in the Stem Cell Therapy Market are a) Strict regulations and lengthy approval processes can delay market entry for new stem cell therapies b) Moral and religious debates surrounding the use of embryonic stem cells can hinder research and development

Stem Cell Industry Report

The stem cell therapy market is experiencing significant growth, powered by the increasing prevalence of chronic diseases worldwide and advancements in regenerative medicine. Mesenchymal stem cell therapy is becoming increasingly important for treating various inflammatory, degenerative, and autoimmune diseases due to its regenerative and immunoregulatory capabilities. The market, divided into segments such as oncology and orthopedics, sees a notable demand in the orthopedic sector due to the aging population. Hospitals are leading end-users, due to global government efforts to boost healthcare infrastructure. Nonetheless, ethical issues related to embryonic stem cells pose challenges, which are somewhat mitigated by the emergence of induced pluripotent stem cells (iPSCs) that circumvent socio-ethical concerns. Despite technical challenges in manufacturing, the allogeneic stem cell therapy segment remains dominant. Geographically, North America holds a significant market share while the Asia Pacific region shows promising growth, driven by widespread adoption of stem cell therapies. With continuous R&D and government support, the market offers ample opportunities for innovation and growth. Get a sample of this industry analysis as a free report PDF download.

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Stem Cell Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)