Stem cells are the foundation for every tissue and organ in the body. Stem cells are biological cells that can divide and can produce more stem cells. In human body, every organ and tissue grows clusters of stem cell. The global stem cell market is growing at a CAGR of 23.12% during the forecast period 2016-2023. The key trend of the global stem cell market is the increasing number of neurodegenerative diseases. Neurodegenerative diseases result in progressive degeneration or death of the nerve cells. According to Alzheimer’s organization about 5.4 million Americans of all ages had Alzheimer’s disease in 2016. With the increasing geriatric population diseases like Alzheimer’s and dementias are also increasing. Stem cells are widely used for the treatment of neurological diseases. The major drivers for the global stem cell market are as follows:
- Funding and support of government
- Rise in medical tourism is creating huge scope
- Increasing stem cell banking
- Increasing investments in R&D
- Technological advancement enables to grow fast
- Global rise in neurodegenerative diseases
Increasing investment in R&D is driving the global stem cell market. The overall R&D backing for stem cell research has increased in the past 5 to 10 years and is expected to reach desired statures in the years to come. The number of venture capital firms investing in stem cell study has increased and government funding agencies which have started to acknowledge the future benefits of the stem cell industry. The increasing prevalence of neurodegenerative disorders, development of the contract research industry, and replacement of animal tissue in drug detection are also anticipated to contribute towards the overall growth and also drives the stem cells market.
Stem cell therapy is succeeding to treat many progressive diseases and numerous clinical trials and case studies have proved that the stem cell therapy is a harmless treatment, providing treatment for diseases such as blood cancer, brain stroke/coma, spinal cord injury, retinitis pimentos, muscular dystrophy, autism, cerebral palsy, COPD and so more degenerative diseases. But these treatments are very high in costs, which is the major restraint for the global stem cell market.
Stringent government regulations act as a challenge for the global stem cell market. The lack of awareness about stem cell therapy in developing countries and in emerging economies is the major challenge for the global stem cell market.
Source: OBRC Analysis
The global stem cell market segmentation includes products, technology and application. Product is further sub segmented into:
- Adult stem cell
- Human embryonic stem cell
- Induced pluripotent stem cell
- Rat neutral stem cell
- Others
Technology is further categorized into:
- Stem cell acquisition
- Stem cell production
- Stem cell cryopreservation
- Stem cells expansion and sub-culture
Application segment of global stem cell market is further categorized into:
- Regenerative medicine
- Drug discovery and development
The revenue for the above application segments are specific to the stem cell market. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up product segment.
Geographically, the global stem cell market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America dominates the global stem cell market followed by Europe due to large prevalence of neurological and cardiac disorders, state creativities and delivery of grants from several organizations, development of innovative therapies, strong research activities, and active marketing solutions. The Asia Pacific stem cells market is anticipated to witness an impressive growth over the next 2 years due to rapidly growing contract research outsourcing and successful medical tourism.
Global stem cell market is segmented by product, by application and by technology. By product, the global stem cells market is sub segmented into adult stem cells, induced pluripotent stem cells, very small embryonic like stem cells, human embryonic stem cells, and rat neural stem cells. Adult stem cells, includes mesenchymal stem cells, dental stem cells, neuronal stem cells, hematopoietic stem cells, and umbilical cord stem cells. The adult stem cells segment holds the highest share in the global stem cells market due to the less tedious procedure of harvesting adult stem cells and greater acceptance of the same in the human body. On the basis of technology, global stem cell market is characterized into stem cell acquisition (it is the major as well as the fastest emerging technological segment and includes bone marrow harvesting, umbilical cord blood, and apheresis.), production (it includes cloning, isolation, in-vitro fertilization, and cell culture), cryopreservation, and expansion and sub-culture. On the basis of application, the stem cells market is characterized into regenerative medicine and drug detection and development. Regenerative medicine holds the higher share in the stem cells market and covers major disciplines such as orthopaedics, haematology, wound care, diabetes, incontinence, neurology, oncology, cardiovascular and myocardial infarction, spinal cord injuries, and liver disorders.
The major market players of the global stem cell market are:
- ADVANCED CELL TECHNOLOGY
- ASTROM BIOSCIENCES INC.
- ANGEL BIOTECHNOLOGY
- BIOHEART
- BRAINSTORM CELL THERAPEUTICS
- CALIFORNIA STEM CELL INC.
- OTHERS
Detailed analysis of these companies provided in this report comprises of overview, scot analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launching. For example: Thermos fisher scientific acquired stem cell firm MTI-GlobalStem in 2016. MTI-GlobalStem is a private firm specialized in the commercialization of reagents and tools for cell transfection and stem cell research application.
Why to buy the report:
This report:
- Provide you the business strategies adopted by market player such as acquisitions, as in 2016, Thermos fisher scientific acquired stem cell firm MTI-GlobalStem.
- Provide in detail the different segments such as products and end-users which affect the global stem cell market.
- Provide you the patent analysis of global stem cell market.
- Identify and understand the strengths, opportunities, challenges and threat of global stem cell market.
- Provide revenues of major players of the global stem cell market.
- Provide you the various regulatory policies which affect the global stem cell market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global stem cell market offers the longest chain of market segmentation covering major market segmentation based on products, technology and application.The report tracks the major market trends in the global stem cell market such as growing number of ageing population and neurodegenerative diseases.For each market segments covered in global stem cell market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the stem cell market, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force models and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global stem cell market:
- North America had the largest revenue share in 2016.
- Acquisition is the key strategy adopted by the various market players of global stem cell market.