In a recent published report, Kenneth Research has updated the market report for Stem Cell Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Stem Cell Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Global Stem Cell Therapy Market was valued at USD 105.24 Million in the year 2017. Global Stem Cell Therapy Market is further estimated to grow at a CAGR of 12.33% from 2018 to reach USD 266.72 Million by the year 2025. North America region holds the highest Market share in 2017 and the Market is also considered as the fastest growing Market in the forecasted period. At a country level, the U.S. is projected to grow strongly in the coming years. The growth is attributed to the presence of key Market players, growing awareness of the stem cell usage in the various application in disorders such as central nervous system disorders, cardiovascular diseases, neurodegenerative diseases, metabolic, eye, and immune system.
Major market Stem Cell Therapy Market are Medipost Co. Ltd., Anterogen Co. Ltd., Pharmicell Co., Ltd., Holostem Terapie Avanzate Srl, JCR Pharmaceuticals Co., Ltd., Osiris Therapeutics, Inc., Nuvasive, Inc., RTI Surgical, Inc., and other 10 companies information is provided in research report. Organic growth techniques such as expanding global presence along with increasing research and development activities to address the changing demand of the healthcare Market were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Stem Cell Therapy Market:
Strength:
Growing Awareness Related to the Therapeutic Potency and effectiveness for Infection Management
Growing Public-Private Investment models for the Expansion of the Stem Cell Therapies in the developed regions
Weakness:
Varied Regulatory Guidelines across regions pertaining to for new Product Development.
Opportunities:
Government supportive regulations across regions for the use of stem cell in improving the disease management.
Threats:
Low Awareness in emerging Market due to the Technical Limitations
Stem Cell Therapy Market on the basis of various application, the autologous stem cell therapy is further subcategorized into cardiovascular diseases, wounds, and injuries, gastrointestinal diseases. The allogeneic stem cell therapy segment is estimated to grow at the highest CAGR till 2025. This growth is attributed to the growing usage of the allogeneic stem cell therapy products along with its broad therapeutic uses.
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Stem Cell Therapy Market Segmentation:
By Type
*Allogeneic Stem Cell Therapy Market, By Application
o Musculoskeletal Disorders
o Wounds and Injuries
o Surgeries
o Acute Graft-Versus-Host Disease (AGVHD)
*Autologous Stem Cell Therapy Market, By Application
o Wounds and Injuries
o Cardiovascular Diseases
o Gastrointestinal Diseases
By Cell Source
*Adipose Tissue-Derived Mesenchymal Stem Cells
*Bone Marrow-Derived Mesenchymal Stem Cells
*Cord Blood/Embryonic Stem Cells
By Application
*Musculoskeletal Disorders
*Wounds and Injuries
*Cardiovascular Diseases
*Surgeries
*Gastrointestinal Diseases
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By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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