Factors that propel
the global stem cell market are
exhaustive R&D in therapeutic solutions and strong government support for
drug discovery & related developments. Governmental support in the form of
financial assistance helps fulfill a number of unmet healthcare needs. Rising
cases of chronic diseases related to the liver, kidneys, and heart is another
prominent factor that increases the popularity of stem cells technology. Stem
cells refer to undifferentiated cells that have the capacity to regenerate and
thus perform a number of functions. The growing importance of regenerative
medical treatment is expected to drive the worldwide Market over the forecast
period (2016 to 2024).
The four parameters
based on which the global stem cell market is categorized are: products,
technologies, applications, and geographies. Product-wise, the segments are
human embryonic cell, pluripotent, and adult stem. Another term that defines
pluripotent stem cells is “master” cells. These cells have the capacity to
create cells from all three body layers. Hence, they can produce any tissue or
cell that the body has to repair itself. They are self-perpetuating, that is
they can develop several copies of themselves.
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Embryonic stem
cells are derived from the undifferentiated inner mass of cells present in a
human embryo. Adult or somatic stem cells are found throughout the body and
help regenerate damaged or dying cells & tissues. Adult stem cells are by
far the most extensively used ones, because the human body can easily accept
these cells. Furthermore, the possibility of contamination is also quite low.
This segment will continue dominating the global Stem Cell Market during the
forecast period. It generated revenues exceeding USD 30 billion in 2013.
Based on
technologies, the global industry is categorized into cryopreservation, cell
production, expansion, and cell acquisition. The overall market was dominated
by the cell acquisition segment in 2013. This is the technique of obtaining
stem cells from their sources. Cell culture, cloning, and in-vitro
fertilization are the different techniques of cell acquisition. Bone marrow
harvesting too is an integral part of such a technique. Regenerative medicine,
drug discovery, and drug development are the various application areas of the
global market. Ongoing trends in medicine suggest that stem cell based
treatments are gradually gaining much importance in the management of diseases,
such as Huntington’s chorea and Parkinson’s disease.
Based on geographies,
the global stem cell market is segmented into Europe, Asia Pacific, North
America, and Rest of the World. In terms of revenue, North America holds the
highest share in the overall market. The region may continue expanding robustly
over the forecast period because of widespread adoption of cell based therapies
and high R&D investments by the public & private sectors. Asia Pacific
too may expand rapidly during the same time because of medical tourism, high
disposable incomes, and surging CRO (Contract Research Organization)
activities. Prominent companies that hold significant shares in the global
industry are Angel Biotechnology; California Stem Cell Inc.; Bioheart;
Brainstorm Cell Therapeutics; and Celgene Corporation Inc.
Stemcells Inc., a
California based biopharmaceutical company focuses on the development of
purified human neural stem cells (HuCNS-SCs). In November 2016, the company
entered a joint collaboration with Microbot Medical Ltd., a medical device
company that specializes in developing & designing transformational
micro-robotic technologies. With the help of highly precise & less invasive
surgical solutions, these technologies aim at bettering the quality of life of
patients all across the globe.
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