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Stem Cell Therapy Market by Therapeutic Applications, 2020
Stem cells are most vital cells found in both humans and non-human animals. Stem cells are also known as
centerpiece of regenerative medicine. Regenerative medicines have capability to grow new cells and replace
damaged and dead cells. Stem cell is the precursors of all cells in the human body. It has the ability to replicate
itself and repair and replace other damaged tissues in the human body. In addition, stem cell based therapies are
used in the treatment of several chronic diseases such as cancer and blood disorders.
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The global stem cell therapy market is categorized based on various modes of treatment and by therapeutic
applications. The treatment segment is further sub-segmented into autologous stem cell therapy and allogeneic
stem cell therapy. The application segment includes metabolic diseases, eye diseases, immune system diseases,
musculoskeletal disorders, central nervous system disorders, cardiovascular diseases and wounds and injuries.
In terms of geographic, North America dominates the global stem cell therapy market due to increased research
activities on stem cells. The U.S. represents the largest market for stem cell therapy followed by Canada in North
America. However, Asia is expected to show high growth rates in the next five years in global stem cell therapy
market due to increasing population. In addition, increasing government support by providing funds is also
supporting in growth of the stem cell therapy market in Asia. China and India are expected to be the fastest
growing stem cell therapy markets in Asia.
In recent time, increasing prevalence of chronic diseases and increasing funds from government organizations
are some of the major drivers for global stem cell therapy market. In addition, rising awareness about stem cell
therapies and increasing focus on stem cell research are also supporting in growth of global stem cell therapy
market. However, less developed research infrastructure for stem cell therapies and ethical issues related to
embryonic stem cells are some of the major restraints for global stem cell therapy market. In addition, complexity
related with the preservation of stem cell also obstructs the growth of global stem cell therapy market.
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Some of the major companies operating in the global stem cell therapy market are Mesoblast Ltd., Celgene
Corporation, Aastrom Biosciences, Inc. and StemCells, Inc.
Key points covered in the report
Report segments the market on the basis of types, application, products, technology, etc (as applicable)
The report covers geographic segmentation
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North America
Europe
Asia
RoW
Stem Cell Therapy Market, 2020
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