In a recent published report, Kenneth Research has updated the market report for Stem Cell Therapy 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 Therapy Market products.
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The global Stem Cell TherapyMarketwas valued at USD 86.62 million in 2016 and is projected to reach USD 221.03million by 2025, growing at a CAGR of 10.97% from 2017 to 2025.
Stem-cell therapy is the use of stem cells to treat or prevent a disease or condition. Bone marrow transplant is the most widely used stem-cell therapy, but some therapies derived from umbilical cord blood are also in use.
1. Market Drivers
1.1 Growing Awareness Related to the Therapeutic Potency of Stem Cells in Effective Disease Management
1.2 Development of Advanced Genome-Based Cell Analysis Techniques
1.3 Increasing Public-Private Investments for the Development of Stem Cell Therapies
1.4 Development in Infrastructure Related to Stem Cell Banking and Processing
2. Market Restraints
2.1 Unclear Regulatory Guidelines for Product Development & Commercialization
2.2 Socio-Ethical Issues Related to the Use of Escs in Disease Treatment
1. Global Stem Cell TherapyMarket, by Cell Source:
1.1 Adipose Tissue-Derived Mesenchymal Stem Cells
1.2 Bone Marrow-Derived Mesenchymal Stem Cells
1.3 Cord Blood/Embryonic Stem Cells
1.4 Other Cell Sources
2. Global Stem Cell TherapyMarket, by Therapeutic Application:
2.1 Musculoskeletal Disorders
2.2 Wounds and Injuries
2.3 Cardiovascular Diseases
2.5 Gastrointestinal Diseases
2.6 Other Applications
3. Global Stem Cell TherapyMarket, by Type:
3.1 Allogeneic Stem Cell Therapy Market, By Application
3.1.1 Musculoskeletal Disorders
3.1.2 Wounds and Injuries
3.1.4 Acute Graft-Versus-Host Disease (AGVHD)
3.1.5 Other Applications
3.2 Autologous Stem Cell Therapy Market, By Application
3.2.1 Cardiovascular Diseases
3.2.2 Wounds and Injuries
3.2.3 Gastrointestinal Diseases
3.2.4 Other Applications
4. Global Stem Cell Therapy Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Osiris Therapeutics, Inc.
2. Medipost Co., Ltd.
3. Anterogen Co., Ltd.
4. Pharmicell Co., Ltd.
6. JCR Pharmaceuticals Co., Ltd.
7. Nuvasive, Inc.
8. RTI Surgical, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Stem Cell TherapyMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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