Stem Cell Manufacturing Market trends and outlook 2021-28
Author : Alisha Sahani | Published On : 01 Sep 2021
The stem cell manufacturing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.1% in the forecast period of 2021 to 2028 and is expected to reach USD 23,505.08 million by 2028 from USD 11,076.78 million in 2020. The rising prevalence of cancer and stem cell transplant, growth of novel technological advancements for stem cell transplant is likely to be the major drivers which propel the demand of the market in the forecast period.
Stem cells are body's raw material that can differentiate into a variety of cells. It means cells from which all other cells with specialized functions are generated. Stem Cell therapies are defined as treatment for a medical condition that involves the use of any type of human stem cells including embryonic stem cells, adult stem cells for allogeneic and autologous therapies.
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The major companies providing global stem cell manufacturing are Thermo Fisher Scientific Inc., Merck KGaA, BD, Organogenesis Inc., Vericel Corporation, ANTEROGEN. CO., LTD., VistaGen Therapeutics, Inc., FUJIFILM Cellular Dynamics, Inc., American CryoSystem Corporation, PromoCell GmbH, Sartorius AG, ViaCyte, Inc., STEM CELL Technologies, Inc., Takeda Pharmaceutical Company Limited, DAIICHI SANKYO COMPANY, LIMITED, Bio-Techne, REPROCELL Inc., Catalent, Inc, Mesoblast Ltd, Astellas Pharma Inc. among others.
Global Stem Cell Manufacturing Market Scope and Market Size
The global stem cell manufacturing market is categorized into four notable segments which are based on products, application, end-user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on products, the global stem cell manufacturing market is segmented into stem cell lines, instruments, consumables & kits. In 2021, the consumables & kits segment is expected to dominate the market due to the frequent purchase of consumables, rising stem cell research, and increasing demand for stem cell therapies
Based on application, the global stem cell manufacturing market is segmented into research applications, clinical applications, cell and tissue banking, and others. In 2021, the research applications segment is expected to dominate the market because due to the rising focus on stem cell cytology & pathophysiology research, and growing public-private funding to support stem cell product development and commercialization.
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