Stem Cell Therapy Market

Global Stem Cell Therapy Market Size (2024 to 2032)

The size of the global stem cell therapy market was worth USD 12.85 billion in 2023. The global market is anticipated to grow at a CAGR of 11.8% from 2024 to 2032 and be worth USD 35.07 billion by 2032 from USD 14.37 billion in 2024. 

MARKET DRIVERS

Increasing financial incentives and regulatory support from global governments primarily drive the growth of the global stem cell therapy market.

Automation in adult stem cells and cord blood processing and storage are the essential technologies anticipated to change the market of stem cell therapy. Furthermore, key corporations and institutes in this market are involved in research collaborations and developing new methods. Furthermore, a high infection rate has led to vaccine development using different human diploid and non-tumorigenic cell lines. Growth in demand and awareness and ongoing research and development of vaccines against various diseases may fuel the market growth over the forecast period. Besides, the increasing demand for regenerative medicines will likely propel stem cell therapy market growth.

MARKET RESTRAINTS

Stem cell therapy uses living cells for a wide range of therapeutic applications. However, the high costs associated with stem cell therapy research and the ethical problem may restrain the market growth potential. The use of stem cells inside the human body is related to several biosafety concerns. Some religious principles are unacceptable for defiling the human body, even if it is for saving lives. In addition, several ethical issues are associated with stem cell use, as these cells are derived by destroying the human embryo, which is viewed as potential life. Such concerns about using embryonic stem cells for developing stem cell therapy are significant factors in restraining market growth across the globe. 

Impact of COVID-19 on the Stem Cell Therapy Market

The Stem Cell Therapy market is currently affected by the COVID-19 pandemic. Most projects in China, the US, Germany, and South Korea are held up. The companies face short-term operational concerns due to supply chain restrictions and lack of site access due to the COVID-19 pandemic lockdown. Asia-Pacific is also anticipated to get negatively affected by the spread of COVID-19 due to the pandemic's effect in China, Japan, and India. China is a significant country in terms of the chemical industry and is the epicenter of this lethal disease. Hence it is facing issues in the supply of required chemicals and components.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Stem Cell Therapy Market Analysis By Type

The allogeneic stem cell therapy segment held around 39% revenue share in 2020 and is anticipated to grow considerably during the forecast duration. Stem cells collected in allogenic therapy are free of corrupting tumor cells, thus reducing disease recurrence risk that will surge its demand, thereby stimulating segment growth. The autologous stem cell therapy segment will witness a 10.1% growth over the forthcoming years. However, there are concerns regarding cross-contamination during the large-scale production of autologous stem cell lines that will hinder segmental growth.

Global Stem Cell Therapy Market Analysis By End User

The hospital segment held over 56% revenue share in 2023, which is anticipated to grow significantly soon. The rising inclination towards stem cell therapies offered by hospitals proves beneficial for business growth. In addition, hospitals have connections with research laboratories and academic institutes that carry out research activities for developing stem cell therapies. The clinic segment is expected to grow at around 10% during the forecast period. Nonetheless, as clinics offer specialized stem cell therapies, their treatment cost is much more expensive than hospitals which may reduce their preference.

REGIONAL ANALYSIS

Geographically, North America leads the global stem cell therapy market due to the rising adoption rate of novel stem cell therapies fueling the market growth. Additionally, favorable government initiatives have encouraged regional market growth. For instance, Canada's government has initiated the Strategic Innovation Fund Program, in which they will invest in research activities for stem cell therapies. Additionally, an excellent reimbursing scheme in the region helps patients to spend more on health. The above factors could drive the North American market over the forecast period.

The stem Cell therapy market in the Asia Pacific is anticipated to expand at the highest CAGR over the forecast duration due to rising awareness of stem cell therapies' advantages among the population. Besides, developing collaboration between industry-academia to initiate research and development in stem cell therapy is anticipated to create vast growth over the forecast period. For instance, as per the report of Pharma Focus Asia, members of the Asia-Pacific Economic Cooperation collaborated with Life Sciences Innovation Forum. In addition, they focussed on professionals' involvement with expertise in stem cell therapies from academia and research centers to promote stem cell research developments in regional market growth.

KEY PLAYERS IN THE GLOBAL STEM CELL THERAPY MARKET

Osiris Therapeutics, Inc., MEDIPOST Co., Ltd., Anterogen Co., Ltd., Pharmicell Co., Ltd., Holostem Terapie Avanzate SRL, JCR Pharmaceuticals Co., Ltd., NuVasive, Inc., RTI Surgical, Inc., and Allosource are some of the key companies operating in the global stem cell therapy market.

RECENT HAPPENINGS IN THE MARKET

• In January 2019, the Center for Beta Cell Therapy in Diabetes and ViaCyte Inc. entered a collaboration for their first European clinical trial involving human stem cell-derived implants among T1D patients.

• In November 2018, Novartis AG received approval from the European Commission for its CAR-T (Kymriah) to treat B-cell acute lymphoblastic leukemia in pediatric and adult patients.

DETAILED SEGMENTATION OF GLOBAL STEM CELL THERAPY MARKET INCLUDED IN THIS REPORT

This research report on the global stem cell therapy market has been segmented and sub-segmented based on the type, application, cell source, end-users, and region.

By Type

• Allogeneic Stem Cell Therapy
• Autologous

By Application

• Musculoskeletal Disorders
• Wounds and Injuries
• Cardiovascular Diseases
• Surgeries
• Gastrointestinal Diseases
• Other Applications

By Cell Source

• Adipose Tissue-Derived Mesenchymal Stem Cells
• Bone Marrow-Derived Mesenchymal Stem Cells
• Cord Blood/Embryonic Stem Cells
• Other Cell Sources

By End User

• Hospitals
• Clinics

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa