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Stem cell therapy market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A10952
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Jun 2021 | 53 Views
 
Author(s) : Onkar Sumant
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Stem cell therapy market Outlook - 2027

Stem cells are the body's raw materials cells from which all other cells with specialized functions are generated. Under the right conditions in the body or a laboratory, stem cells divide to form more cells called daughter cells. These daughter cells either become new stem cells (self-renewal) or become specialized cells (differentiation) with a more specific function, such as blood cells, brain cells, heart muscle cells or bone cells. No other cell in the body has the natural ability to generate new cell types.

Uses of Stem cell therapy:

  • To generate healthy cells to replace diseased cells (regenerative medicine).
  • To gain increased understanding of how diseases occur.
  • Test new drugs for safety and effectiveness

Stem cells are divided into two major classes; pluripotent and multipotent. Pluripotent stem cells are replicating cells, which are derived from the embryo or fetal tissues. The pluripotent stem cells facilitate the development of cells and tissues in three primary germ layers such as mesoderm, ectoderm, and endoderm.

Market scope and structural analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Cell source, Application, Type, End user and Region

  Regions covered

•North America (U.S., Canada, Mexico)

•Europe (France, Germany, UK, Italy, Spain, Rest of Europe)

•Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)

•LAMEA (Brazil, South Arabia, South Africa, Rest of LAMEA)

  Companies covered

Astellas Pharma Inc., Capricor Therapeutics, Cellectis, Cellular Dynamics, Celyad, CESCA Therapeutic, DiscGenics, Gamida Cell, Mesoblast Ltd., Novadip Biosciences, OxStem, ReNeuron Group plc., Takeda Pharmaceuticals

 

Covid-19 Scenario analysis:

COVID-19, as a pandemic, has led many researchers from different biomedical fields to find solutions or treatments to manage the pandemic. However, no standard treatment for this disease has been discovered to date. Probably, preventing the severe acute respiratory infection form of COVID-19 as the most dangerous phase of this disease can be helpful for the treatment and reduction of the death rate. In this regard, mesenchymal stem cells (MSCs)-based immunomodulation treatment has been proposed as a suitable therapeutic approach and several clinical trials have begun. Recently, MSCs according to their immunomodulatory and regenerative properties attract attention in clinical trials. After the intravenous transplantation of MSCs, a significant population of cells accumulates in the lung, which they alongside immunomodulatory effect could protect alveolar epithelial cells, reclaim the pulmonary microenvironment, prevent pulmonary fibrosis, and cure lung dysfunction. Hence the stem cell therapy market is booming to find cure for Covid-19 but as of now stem cell therapy has no significant cure.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Multiple therapeutic application:

The therapeutic applications, the stem cell therapy market is classified into musculoskeletal disorders, wounds and injuries, cardiovascular diseases, gastrointestinal diseases, surgery, and other therapeutic applications. The musculoskeletal disorders segment dominates the global stem cell therapy market in 2016, owing to factors such as larger number of commercialized stem cell therapy products for the treatment of musculoskeletal disorders and the increasing prevalence of musculoskeletal disorders (coupled with the growth in geriatric population).

The main role of stem cells is in the replacement of dying cells and reconstruction of damaged tissues. Based on the extensive stem cell research, many scientists have claimed that these cells could probably be used in the treatment of various diseases, including cancer and cardiovascular disease.
There is a large number of potential treatment procedures that are undergoing clinical trials, and a notably few stem cell therapies have won FDA (i.e., US –Food and Drug Administration) approval for clinical usage. For instance, in 2019, the FDA approved Fedratinib for the first-line treatment for myelofibrosis. Moreover, stem cell therapies are widely used in bone marrow transplantation, and these therapies have benefited thousands of people suffering from leukemia. Hematopoietic stem cells are used for treating more than 80 medical diseases, including immune system disorders, blood disorders, neurological disorders, metabolic disorders, genetic disorders, and several types of cancers, such as leukemia and lymphoma; this is also expected to boost the demand for this treatment procedure.

Rising technological advancements and awareness:

rising awareness for therapeutic application of stem cells in disease management, rising research for stem cell therapy applications, development of advanced genetic analysis techniques, increasing public-private investments for stem cell research, growing research in identification of new stem cell lines, and new developments in stem cell banking infrastructure are driving the growth of the global stem cell therapy market. Stem cells are used in the treatment of Alzheimer’s by replacing the diseased cells with stem cells. This approach has great potential in preventing or halting several neurodegenerative diseases like Alzheimer’s. According to the Alzheimer's Association in 2018, 5.7 million Americans are affected by Alzheimer’s disease. Thus, such a high incidence of neurological diseases and increasing government funding enhances the growth in this market.

Restrains:

Stem cell therapy makes use of living cells for the development of products used in a wide range of therapeutic applications. It is widely used for developing regenerative medicine for tissue and organ regeneration to cater to the growing demand for organ transplantation across the globe. However, the use of stem cells inside the human body is associated with several biosafety concerns; also, some religions do not accept defiling of the human body due to religious principles.

A number of ethical issues are associated with the use of stem cells in as these cells are derived by destructing the human embryo. The human embryo is viewed as potential life, and destroying it is considered to unethical even if it can save a human life. Such concerns related to the use of embryonic stem cells for developing stem cell therapy is a major factor restraining the market growth across the globe.

Key segments covered:

Segments

Sub-segments

  Cell source

  • Adipose Tissue-Derived Mesenchymal Stem Cells
  • Bone Marrow-Derived Mesenchymal Stem Cells
  • Cord Blood/Embryonic Stem Cells
  • Other Cell Sources

   Application

  • Musculoskeletal Disorders
  • Drug Therapy
  • Wounds and Injuries
  • Cardiovascular Diseases
  • Surgeries
  • Gastrointestinal Diseases
  • Other Applications

  Type

  • Allogeneic Transplants
  • Autologous Transplants

  End Users

  • Medical research Center
  • Hospitals
  • Research Labs
  • Other

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA


Key benefits of the report:

  • This study presents the analytical depiction of the global stem cell therapy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global stem cell therapy market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global stem cell therapy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global stem cell therapy market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the stem cell therapy Market research report:

  • What are the leading market players active in the Stem cell therapy market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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