Growing Awareness Related to the Therapeutic Potency of Stem Cells in Effective Disease Management

Stem cell therapy is a kind of procedure used for treating or preventing a disease from spreading further into the body. It is the fastest-growing as well as the largest segment under regenerative medicine. Stem cells have the capability to grow new cells, replicate themselves, or replace damaged cells in the body. Moreover, stem cell therapies are also used for treating various chronic diseases like cancer and other blood disorders, thereby boosting the growth of the market for stem cell therapy.

Browse 60 market data tables and 37 figures spread through 120 pages and in-depth TOC on "Stem Cell Therapy Market by Type (Allogeneic, Autologous), Therapeutic Application (Musculoskeletal, Wound & Injury, CVD, Surgery, and aGVHD), Cell Source (Adipose tissue, Bone Marrow, Neural, Embryo/Cord Blood derived, iPSCs) - Global Forecasts to 2021"

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Market Forecasts

The global stem cell therapy market is expected to reach USD 145.8 Million by 2021, growing at a CAGR of 11.0% during the forecast period. Factors such as the growing awareness related to the therapeutic potency of stem cells in disease management, ongoing development of advanced genome-based cell analysis techniques, increasing public-private investments for stem cell research and product development, identification of new stem cell lines, and developments in infrastructure for stem cell banking and processing are driving the growth of the global stem cell therapy market. However, factors such as unclear regulatory guidelines related to the development & commercialization of stem cell therapy products and socio-ethical issues related to the adoption of ESCs in disease treatment are restraining the growth of the stem cell therapy market. In addition to this, technical limitations related to production scale-up pose a key challenge for players operating in the stem cell therapy market.

Market Drivers

The major factors influencing the growth of the global stem cell therapy market are:

•      Increased focus on stem cell research

•      Increased funding from government and private organizations

•     Growing awareness about stem cell therapies

Moreover, advancements in genomic methods for the analysis of stem cells, increased support and funding for new stem cell lines, and rise in the number of approvals of clinical research for stem cell therapy is further stimulating the growth of this market.

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On the basis of region, the stem cell therapy market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, the global stem cell therapy market is expected to be dominated by North America. Also, this region is expected to be the fastest-growing region during the forecast period.