The
market growth is majorly attributed to therapeutic research
activities led by government support worldwide owing to the growing
number of patients with chronic diseases across the globe. In
addition, rising awareness of regenerative treatment options and
growing importance of stem cell banking services are also fostering
the growth of the market. Apart from these, development of medical
tourism hubs in developing nations such as India and China and in
turn migration of patients from developed nations such as the U.S.,
and Europe for quality treatment at significantly lower prices will
also serve the market as a driver especially for the Asian stem cells
market.
Stem
cells market will be driven by rising proportion of patients with
neurological and other chronic conditions and rising disposable
incomes of patients induced by economic growth of Asian regions in
the next five years In addition, increasing dependence on stem cells
for drug discovery and screening will boost the growth of the market
in future. Increased outsourcing of contract research and clinical
trials to developing Asian regions will further encourage growth of
the stem cells market.
Adult
stem cells held majority share of the overall stem cells market in
2011 at over 80%. This is due to less laborious procedure of
harvesting, and less probability of contamination during expansion
and sub-culture of adult stem cells. However, fewer post-transplant
complications and lesser risk of graft vs. host reaction from the
recently introduced induced pluripotent stem cells will lead to its
rapid inclusion in research activities and help the global induced
pluripotent stem cells market to grow at a relatively faster CAGR
during the forecast period.
Regenerative
medicine dominated the stem cells market by applications in 2011, and
is expected to maintain its leading position till 2018. Considerable
research activities and the resultant developed therapies in
neurology will drive the stem cells market in the forecast period.
North
America was the market leader of the total stem cells market in 2011
and is expected to maintain its leading position till 2018. North
American market is a center for stem cells research owing to greater
support offered by federal government, and higher affordability of
treatment in the region. High prevalence of chronic diseases in the
region and support in terms of funding from government and private
organizations is driving the European stem cells market.
The
key players in stem cell research and technology include Advanced
Cell Technology Inc., Stem Cell Technologies Inc., Cellular
Engineering Technologies Inc., BioTime Inc., and Cellartis Ab among
others.
The
global stem cells market is categorized into the following segments:
Stem
Cells Market by Products
Adult
Stem Cells
Hematopoietic
Stem Cells
Mesenchymal
Stem Cells
Neuronal
Stem Cells
Dental
Stem Cells
Umbilical
Cord Stem Cells
Human
Embryonic Stem Cells
Induced
Pluripotent Stem Cells
Natural
Rosette Cells
Very
Small Embryonic-Like Stem Cells
Stem
Cells Market by Technology
Cell
Acquisition
Bone
Marrow Harvest
Apheresis
Umbilical
Cord Blood
Cell
Production
Therapeutic
Cloning
In
Vitro Fertilization
Isolation
Cell
Culture
Cryopreservation
Expansion
and Sub-Culture
Stem
Cells Market by Applications
Regenerative
Medicine
Neurological
Disorders
Orthopedics
Cancer
Hematological
disorders
Cardiovascular
diseases
Injuries
Wound
Care
Spinal
Cord Injury
Others
(Joint Injuries, Eye Injuries, Lacerations and Concussions)
Diabetes
Liver
Disorder
Incontinence
Others
(Crohn's Disease, Infertility, Immunodeficiency Disorder, Organ
Transplants, Ophthalmic Disorder)
Drug
Discovery and Development
Stem
Cells Market by Geography
North
America
Europe
Asia
Rest
of the World (RoW)
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