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NEW YORK, July 23, 2019 (GLOBE NEWSWIRE) – The world stem cell therapy market should experience a CAGR of 10.6% over the 2019-2024 forecast period, and also reach US $ 214.5 million in 2024. Increasing awareness of the therapeutic potential of stem cells, development of storage and treatment infrastructures of stem cells, development of advanced genomic-based cell badysis techniques and increased private-public investment in the development of stem cell therapies stimulate the growth of the cell therapy market strains.
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Regulations Favoring the Growth of the Stem Cell Therapy Market
Regulation in all developing countries, increasing prevalence of chronic diseases, technological advances in health care, cell therapies are major advances in health care transformation and the identification of new cell lineages These strains also fuel the growth of the stem cell therapy market.
Explore key industry information in 53 tables and 38 figures of 98 pages of report, "Global Stem Cell Therapy Market – Analysis and Forecasting (2019-2024) Overview of the industry by type (allogeneic and autologous), by therapeutic application (gastrointestinal diseases, musculoskeletal disorders, surgeries, cardiovascular diseases and wounds and lesions), by cell source (Adipose) Mesenchymal stem cells derived from tissues, cord blood cells and mesenchymal stem cells derived from bone marrow), by geography (United States, Canada, Germany, France, United Kingdom, United, Japan, China, India and Brazil) "
Diseases such as osteoarthritis, multiple sclerosis, heart failure, hearing loss and cerebral palsy are some of the diseases that could be treated with the help of therapies to base of stem cells. For example, according to the WHO, by 2050, an estimated 900 million people will be suffering from a disabling hearing loss. In addition, 60% of hearing loss in children is due to preventable causes.
The allogeneic stem cell therapy market will hold the largest share of the market
There are two types of stem cell therapy, allogeneic and autologous. Of the two, the allogeneic segment represents the largest share and is also expected to grow at a faster pace over the next few years in the market due to its extensive therapeutic applications, the increasing commercialization of allogeneic products, the ease of upgrading of production and increasing number of clinical trials related to allogeneic therapies.
The stem cell therapy market has been segmented by therapeutic application in gastrointestinal diseases, musculoskeletal disorders, surgeries, cardiovascular diseases and wounds and injuries. The musculoskeletal disorder category generated the highest turnover in the market due to the increasing prevalence of musculoskeletal disorders and bone and joint diseases, the increasing availability of stem cell products for the treatment of musculoskeletal disorders and the increasing preference of patients for effective and early treatment strategies.
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The global market for stem cell therapy has also been segmented by cell source into adipose-derived mesenchymal stem cells, cord blood cells, and mesenchymal stem cells derived from bone marrow. Of all categories, mesenchymal stem cells derived from bone marrow are increasingly used for therapeutic applications.
North America offers tremendous opportunities to industry players in stem cell therapy
The North American market for stem cell therapy will remain the largest during the forecast period. The region is also expected to experience the fastest growth in the global market over the forecast period due to technological upgrades and significant investments in research and development. In addition, a growing number of clinical trials to evaluate the therapeutic potential of products, the increasing prevalence of chronic diseases, the growing number of patients for targeted diseases, the growing public awareness of the therapeutic potential of treatment and the increase in public-private financing and research-for-development grants. Safe and effective stem cell therapy products also support the growth of the North American stem cell market.
Investing in research and development is the key strategy adopted by market players
The main players in the sector are investing in the development of innovative and new products, strengthening their position in the stem cell therapy market. In February 2018, MEDIPOST announced that the FDA had approved NEUROSTEM, its anti-stem cell-based Alzheimer's drug, for clinical trials. Similarly, in March 2017, Osiris Therapeutics launched Prestige Lyotechnology, a method for storing living cells and tissues.
Some of the key players operating in the stem cell therapy industry are Osiris Therapeutics, Inc., RTI Surgical, Inc., MEDIPOST Co., Ltd., Nuvasive, Inc., Pharmicell Co., Ltd., Holostem Terapie Avanzate Srl, JCR Pharmaceuticals, Ltd., Anterogen Co., Ltd. and Allosource.
Key points of the report:
- Investment in R & D should be multiplied by several over the next few years.
- More and more FDA approved treatments to enter the market.
- Improved regulatory scenarios to create a positive environment for actors.
- Early acquisitions and collaboration for technology transfer.
- North America will remain at the center of all developments around the world.
The report offers:
- Historical estimate of the market for the years 2014-2018 and planned for the years 2019-2024
- Overview of current market trends, market dynamics, key opportunities and challenges of the industry
- Market information by in-depth segmentation with industry dynamics.
- Competitive badysis and benchmarking of industry leaders and their product offerings
- Profiles of leading actors and innovators, their financial situation and product portfolio
- Analysis of key trends in the industry and recent developments
- Value chain badysis and channel badysis with opportunities badessment
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