The global stem cells market
could reach US$119.52 billion by 2019, increasing from US$26.23 billion in 2013, displaying an impressive 24.2% CAGR between 2012 and 2018.
Substantial consumer demand for stem cell banking and myriad R&D undertakings worldwide from both public and private healthcare agencies will lead to significant growth of the stem cells market in the coming years. With increasing funding from governments worldwide pertaining to stem cell R&D, the market is expected to grow further.
The TMR study also states that higher disposable incomes in developing countries will further boost the market. Furthermore, prohibition of animal tissues for medical studies in several countries will open new avenues for the market.
The industry is divided on the following fronts: technology, products, applications, and geography.
Based on products, the stem cells market is sub-segmented into human embryonic, rat neural induced pluripotent, very-small embryonic-like, and adult stem cells. The adult stem cells segment was the dominating segment as of 2012 industry statistics, whereas the induced pluripotent stem cells segment will exhibit the fastest growth in the forecast period.
Due to their ease of harvesting as compared to other stem cells, the adult stem cells segment is expected to experience faster growth in coming years. Adult stem cells also have a higher acceptance rate in the human body.
Considering that the adult stem cells segment is central to the market, TMR report further divides the category as: umbilical cord type stem cells, hematopoietic stem cells, mesenchymal stem cells, dental type stem cells, and neuronal stem cells.
Of all, neuronal stem cells are poised for the fastest growth owing to an upsurge in the incidence of neurodegenerative diseases.
By technology, the stem cells market is categorized as: acquisition, stem cell cryopreservation expansion and sub-culture, and production. The TMR report analyzes the key applications of stem cells at length, which are: regenerative medicine and drug discovery and development.
As per the report findings, the stem cells market will exhibit a positive growth trajectory due to growing popularity of stem cell banks. Furthermore, establishment of medical tourism destinations across the world, especially in developing countries, that deliver low-cost services will augment growth of this market. In this regard, regions such as Latin America (led by Brazil and Mexico), and Asia (led by India, China, and Malaysia) will shape the global stem cells market.
Browse the full Stem Cells Market (Adult, Human Embryonic , Induced Pluripotent, Rat-Neural, Umbilical Cord, Cell Production, Cell Acquisition, Expansion, Sub-Culture) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/stem-cells-market.html
Included in the report are profiles of top players in the industry involved in the development of stem cell-based treatments – Biotime Inc., Cellartis AB, Cytori Therapeutics Inc., Osiris Therapeutics, Cellular Engineering Technologies, Angel Biotechnology, Celgene Corporation Inc., Bioheart, Brainstorm Cell Therapeutics, California Stem Cell Inc., and StemCells, Inc.
Global Stem Cells Market by Products
- Adult Stem Cells
- Umbilical Cord Stem Cells
- Human Embryonic Stem Cells
- Induced Pluripotent Stem Cells
- Rat Neural Stem Cells
- Very-Small Embryonic-Like Stem Cells
Global Stem Cells Market by Technology
- Stem Cell Cryopreservation
- Stem Cell Acquisition
- Stem Cell Expansion and Sub-culture
- Stem Cell Production
Global Stem Cells Market by Application
- Regenerative Medicines
- Drug Discovery & Development
Global Stem Cells Market by Geography
- North America
- Rest of the World
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