Stem Cell Therapy Market to See Huge Growth by 2031 | Nephew, MEDIPOST, Anterogen, CORESTEM, PHARMICELL, NuVasive
Global Stem Cell Therapy report from Global Insight Services is the single authoritative source of intelligence on Stem Cell Therapy market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Market Segments
The cell therapy market is segmented based on cell type, therapy type, end-user, and region. By cell type, the market is categorized into stem cell and non-stem cell. By therapy type, it is categorized into autologous and allogenic. By end user, it is segmented into hospitals and clinics and academic and research institutes. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the world.
Key Companies
The key players in the Stem Cell Therapy Market include Smith and Nephew, MEDIPOST, Anterogen, CORESTEM, PHARMICELL, NuVasive, RTI Surgical, AlloSource, JCR Pharmaceuticals, Takeda Pharmaceutical Company , Holostem Terapie Avanzate S.r.l, Orthofix, Regrow Biosciences, and Stempeutics Research.
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Key Drivers
The key drivers of the stem cell therapy market are the increasing incidence of chronic diseases, the growing demand for minimally invasive procedures, the rising preference for autologous stem cell-based therapies, and the availability of government funding for stem cell research.
The incidence of chronic diseases is increasing globally due to the aging population and the changing lifestyle habits. According to the World Health Organization, the number of people suffering from chronic diseases is expected to increase from 38% in 2008 to 50% by 2030. Chronic diseases include diabetes, cancer, cardiovascular diseases, and Alzheimer’s disease. The treatment of these chronic diseases is expensive and often leads to disability and death.
The demand for minimally invasive procedures is increasing due to the advantages they offer over traditional open surgery. Minimally invasive procedures are less painful, have shorter recovery times, and cause less scarring. The rising preference for autologous stem cell-based therapies is because they are more effective and have fewer side effects than allogeneic stem cell therapies.
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