The Animal Stem Cell Therapy Market is a rapidly growing industry with immense potential for growth. Stem cell therapies are revolutionizing animal healthcare, offering treatments not previously possible with traditional methods. This has allowed veterinarians to offer new and improved treatments for a range of diseases, from cancer to chronic pain. A number of factors have contributed to the rapid expansion of the market in recent years. These include advances in technology, increased awareness among pet owners and support from governments and other stakeholders. With continued investments in research and development, animal stem cell therapy is expected to continue its strong growth in the coming years.
| Animal Stem Cell Therapy Market Size (2021) | US$ 249.9 Mn |
| Projected Market Value (2032) | US$ 437.3 Mn |
| Global Market Growth Rate (2022-2032) | 5.2% CAGR |
| Share of Top 5 Companies | 55.6% |
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In recent years, the demand for animal stem cell therapy has increased significantly, driven by the growing awareness of the benefits of stem cell therapy and the increasing prevalence of chronic diseases in animals. The market is expected to continue to grow in the coming years, with a projected CAGR of around 5.2% from 2022 to 2032.
Companies
- Aratana Therapeutics, Inc.
- VetStem, Inc.
- Regeneus Ltd.
- Magellan Stem Cells
- PrimeGen Biotech, LLC
- Vetbiologics (.U.S. Stem Cell, Inc.)
- Boehringer Ingelheim (Global stem cell technology)
- Cell Therapy Sciences
- MediVet Biologics LLC (Ardent Animal Health)
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There are several key players in the animal stem cell therapy market, including Regeneus, Vet-Stem, BioMedVet, and VetCell Bioscience. These companies offer a variety of stem cell therapies for different species of animals, including dogs, cats, horses, and livestock.
The use of animal stem cell therapy is still in the early stages of development, and there is a need for further research to fully understand the potential of these therapies. However, the growing body of evidence supporting the effectiveness of stem cell therapy in animals is likely to drive further growth in the market in the coming years.
Competitive Landscape
The market for animal stem cell therapy is moderately fragmented with the presence of well-established players. The market is subject to high competition, and market players actively seek collaborative approaches for new product development to ensure increased product outreach.
Acquisitions and mergers within the industry further promote the market presence of manufacturers, thus propelling the overall industry.
- In 2019, Medrego launched a new stem cell therapy product for the well-being of dogs. CaniCell is used for the treatment of osteoarthritis and other degenerative diseases in canines.
- In 2019, Elanco Animal Health Incorporated acquired Aratana Therapeutics. This acquisition was completed to develop and commercialize innovative therapeutics for canines and felines.
- In 2021, Boehringer Ingelheim partnered with PetMedix, a U.K.-based company involved in the antibody research & development of animal health.
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Key Segments Covered in Animal Stem Cell Therapy Industry Research
Animal Stem Cell Therapy Market by Product Type:
- Hemopoietic Stem Cells
- Mesenchymal Stem Cells
Animal Stem Cell Therapy Market by Source:
- Allogeneic Animal Stem Cell Therapy
- Autologous Animal Stem Cell Therapy
Animal Stem Cell Therapy Market by Application:
- Osteoarthritis
- Soft Tissue Injuries
- Traumatic Fractures
- Tendonitis
- Inflammatory Bowel Disease
- Others
Animal Stem Cell Therapy Market by Species:
- Canine
- Feline
- Equine
Animal Stem Cell Therapy Market by End User:
- Veterinary Hospitals
- Veterinary Clinics
- Veterinary Research Institutes
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