Global Stem Cell Therapy Market – Analysis and Forecast (2019-2024)

1. Global Stem Cell Therapy Market

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3. Global Stem Cell Therapy Market The global stem cell therapy market is expected to grow at a CAGR of 10.6% during the forecast period with its market size predicted to reach USD 214.5 million by 2024. The global stem cell therapy market is primarily driven by due to growing awareness regarding therapeutic potency of stem cells and the development of infrastructure related to stem cell banking and processing. The market has witnessed a high demand for allogenic therapies over the last few years, due to easy production scale-up process, and increasing commercialization of allogeneic therapy products.

4. Global Stem Cell Therapy Market The growing awareness related to the therapeutic potency of stem cells, development of infrastructure related to stem cell banking and processing, development of advanced genome-based cell analysis techniques, and increasing private-public investment for the development of stem cell therapies are the primary growth drivers for stem cell therapy market. According to the World Health Organization (WHO) globally, more than 50,000 transplants are carried out annually and it is increasing each year.

5. Global Stem Cell Therapy Market Major players in the industry are capitalizing on the development of technologically inventive and advance products, which is strengthening their position in the stem cell therapy market. In March 2017, Osiris Therapeutics launched Prestige Lyotechnology, a method for storage of living cells and tissues. In addition, in February 2018, MEDIPOST announced that the FDA has approved its stem cell-based Alzheimer’s disease drug, NEUROSTEM for clinical trials. Osiris Therapeutics, Inc., RTI Surgical, Inc., MEDIPOST Co., Ltd., Nuvasive, Inc., Pharmicell Co., Ltd., HolostemTerapieAvanzateSrl, JCR Pharmaceuticals Co., Ltd., Anterogen Co., Ltd., and Allosource are some of the key players offering stem cell therapy products.

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