Stem Cell Market - Growth, Trends, and Forecast (2019 - 2024)

The Stem Cell Market is segmented by Product, Application, Treatment, Banking Services and Technology, Type of Banking (Public and Private), and Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

North America

Key Players:

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Market Overview

The stem cell market is experiencing growth, owing to the increasing number of clinical trials around the world. North America, especially the United States, dominated the number of trials undergoing in stem cell therapies. The United States dominates the market in both the products and banking services segments, holding around 77.4% of the total North American market. However, Asia-Pacific is growing at the highest growth rate. Stem cells are majorly used in regenerative medicine, especially in the field of dermatology. However, oncology is expected to grow at the highest growth rate, due to a large number of pipeline products present for the treatment of tumors or cancers. With the increase in the number of regenerative medicine centers, the stem cell market is also expected to increase in the future.

Stem cells banking is gaining importance with the support of government initiatives. The number of stem cell banks is increasing in developing countries, which is aiding the growth of the market. Also, increasing awareness about stem cell storage among the people has positively affected the market. Currently, the market is not well established in many therapeutic areas and has shown nascent success in history. However, it holds great potential in both the diagnosis and therapeutic fields.

Scope of the Report

The scope of this market is limited to tracking the stem cell market. As per the scope of this report, stem cells are biological cells that can differentiate into other types of cells. Also, various types of the stem cells are used for therapeutic purposes.

By Product Type
Adult Stem Cell
Human Embryonic Cell
Pluripotent Stem Cell
Other Product Types
By Application
By Therapeutic Application
Neurological Disorders
Orthopedic Treatments
Oncology Disorders
Diabetes
Injuries and Wounds
Cardiovascular Disorders
Other Therapeutic Applications
By Drug Development and Discovery
By Treatment Type
Allogeneic Stem Cell Therapy
Auto logic Stem Cell Therapy
Syngeneic Stem Cell Therapy
By Stem Cell Banking
By Service and Technology
Collection and Transportation
Preservation and Storage
Processing & Analysis
By Type of Banking
Public
Private
Geography
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

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

Cancer has a major impact on society in the United States and across the world. As per the estimation of National Cancer Institute, in 2018, 1,735,350 new cases of cancer were anticipated to get diagnosed in the United States, and 609,640 deaths were expected from the disease. This increasing medical burden is due to population growth. Bone marrow transplant or stem cell transplant is a treatment for some types of cancers, like leukemia, multiple myeloma, multiple myeloma, neuroblastoma, or some types of lymphoma.

Embryonic stem cells (ESC) are the major source of stem cells for therapeutic purposes, due to their higher totipotency and indefinite lifespan, as 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 some ethical constraints. Scientists from the University of California, Irvine, created the stem cell-based approach to kill cancerous tissue, while preventing some toxic side effects of chemotherapy by treating the disease in a more localized way.

Although the market shows positive growth, due to the growing focus of stem cell-based research that can further strengthen the clinical application, its expensive nature for stem cell therapy may still hamper its growth.

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North America Captured The Largest Market Share and is Expected to Retain its Dominance

North America dominated the overall stem cell market with the United States contributing to the largest share in the market. In 2014, the Sanford Stem Cell Clinical Center at the University of California, San Diego (UCSD) Health System, announced the launch of a clinical trial, in order to assess the safety of neural stem cell–based therapy in patients with chronic spinal cord injury. Researchers hoped that the transplanted stem cells may develop into new neurons that could replace severed or lost nerve connections, and restore at least some motor and sensory functions. Such numerous stem cell studies across the United States have helped in the growth of the stem cell market.

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Competitive Landscape

The stem cell market is highly competitive and consists of several major players. In terms of market share, 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 improvement in stem cell technology by the major players is increasing the competitive rivalry.

Major Players

  1. Thermo Fisher Scientific
  2. Qiagen NV
  3. Sigma Aldrich Corporation
  4. Becton, Dickinson and Company
  5. Stemcell Technologies Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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

      2. 4.2.2 Increase in the Approval for Clinical Trials in Stem Cell Research

      3. 4.2.3 Growing Demand for Regenerative Treatment Option

      4. 4.2.4 Rising R&D Initiatives to Develop Therapeutic Options for Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Procedures

      2. 4.3.2 Regulatory Complications

      3. 4.3.3 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

    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 By Therapeutic Application

        1. 5.2.1.1 Neurological Disorders

        2. 5.2.1.2 Orthopedic Treatments

        3. 5.2.1.3 Oncology Disorders

        4. 5.2.1.4 Diabetes

        5. 5.2.1.5 Injuries and Wounds

        6. 5.2.1.6 Cardiovascular Disorders

        7. 5.2.1.7 Other Therapeutic Applications

      2. 5.2.2 By Drug Development and Discovery

    3. 5.3 By Treatment Type

      1. 5.3.1 Allogeneic Stem Cell Therapy

      2. 5.3.2 Auto logic Stem Cell Therapy

      3. 5.3.3 Syngeneic Stem Cell Therapy

    4. 5.4 By Stem Cell Banking

      1. 5.4.1 By Service and Technology

        1. 5.4.1.1 Collection and Transportation

        2. 5.4.1.2 Preservation and Storage

        3. 5.4.1.3 Processing & Analysis

      2. 5.4.2 By Type of Banking

        1. 5.4.2.1 Public

        2. 5.4.2.2 Private

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 US

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 UK

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle East & Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East & Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Osiris Therapeutics Inc.

      2. 6.1.2 Pluristem Therapeutics Inc.

      3. 6.1.3 Thermo Fisher Scientific

      4. 6.1.4 Qiagen NV

      5. 6.1.5 Sigma Aldrich Corporation

      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

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

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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