Global Stem Cell Therapy Market, By Product Type (Bone Marrow Derived Mesenchymal Cells, Placental or Umbilical Stem Cell, Adipose Tissue Derived Mesenchymal Stem Cells, and Others), Type (Allogenic Stem Cell Therapy and Autologous Stem Cell Therapy), Application (Musculoskeletal Disorders, Acute Graft-Versus-Host Disease (AGVHD), Wounds and Injuries, Cardiovascular Diseases, Surgeries, Gastrointestinal Diseases, and Others), End User (Hospitals and Surgical Centers, Therapeutic Companies, Services Companies, and Others), Distribution Channel (Direct Tender, Third Party Distributors) Industry Trends and Forecast to 2029
Market Analysis and Size
Chronic diseases-including cancer, musculoskeletal disorders and neurology disorders, chronic injuries, cardiovascular and gastrointestinal-can lead to hospitalization, long-term disability, reduced quality of life, and death.
The mesenchymal stem cells penetrate and integrate into multiple organs, repair cardiovascular, lung, and spinal cord injuries, and improve the state of autoimmune diseases, liver, and bone and cartilage diseases. Stems cells are a potent tool for the treatment of infections caused by inflammation, immune system failure, and, or tissue degeneration.
The drivers responsible for the growth of the global stem cell therapy market are the increased incidence of chronic diseases, rise in GMP-certification approvals for cell therapy production facilities, growing biotechnology sector and rise in clinical trials for stem-cell-based therapies. However, factors that are expected to restrain the market growth are the rise in the cost of stem cell-based research, and the risks faced while undergoing stem cell therapy, and the availability of alternatives.
The global stem cell therapy is supportive and aims to reduce the severity of the symptoms. Data Bridge Market Research analyses that the global stem cell therapy market is expected to reach the value of USD 398.54 million and grow at a CAGR of 9.7% during the forecast period of 2022 to 2029.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million
By Product Type (Bone Marrow Derived Mesenchymal Cells, Placental or Umbilical Stem Cell, Adipose Tissue Derived Mesenchymal Stem Cells, and Others), Type (Allogenic Stem Cell Therapy and Autologous Stem Cell Therapy), Application (Musculoskeletal Disorders, Acute Graft-Versus-Host Disease (AGVHD), Wounds and Injuries, Cardiovascular Diseases, Surgeries, Gastrointestinal Diseases, and Others), End User (Hospitals and Surgical Centers, Therapeutic Companies, Services Companies, and Others), Distribution Channel (Direct Tender, Third Party Distributors)
U.S., Canada, Italy, Belgium, Czech Republic, Germany, U.K., Spain, Hungary, Poland, South Korea, Japan, India, and Israel
Market Players Covered
Osiris Therapeutics, Inc. (A subsidiary of Smith+Nephew), JCR Pharmaceuticals Co., Ltd, Orthofix Medical Inc., MEDIPOST, Takeda Pharmaceutical Company Limited, CORESTEM, Inc., PHARMICELL Co., Ltd., STEMPEUTICS RESEARCH PVT LTD, ANTEROGEN.CO., LTD, Holostem Terapie Avanzate S.r.l., U.S. Stem Cell, Inc, BrainStorm Cell Limited, Pluristem Inc., International Stem Cell Corporation, Mesoblast Ltd, Athersys, Inc., BioRestorative Therapies, Inc., among others
Stem cells are the body's initial materials from which all other cells with specialized functions are generated. Under the right conditions in the body or a laboratory, stem cells divide to form more cells called daughter cells. The daughter cells become new stem cells or specialized cells (differentiation) with a more specific function, such as blood cells, brain cells, heart muscle cells, or bone cells. Much interest in stem cells has brought interest among the research scientists. Understanding how a disease develops and occurs by using stem cells, generating healthy cells to replace cells, and testing novel drug safety and efficacy are the scientific reasons why stem cell therapeutics are used.
Stem cell therapy promotes dysfunctional or injured tissue repair response using stem cells or derivatives. It is the next chapter in organ transplantation and uses cells instead of donor organs, which are limited in supply. The adult stem cells, such as adipose tissue-derived mesenchymal stem cells, bone marrow-derived mesenchymal stem cells, and placental or umbilical stem cells, are found in small numbers in most tissues. The embryonic stem cells originate from embryos, which are three to five days old. Emerging indications indicate that adult stem cells may be able to create various types of cells.
Global Stem Cell Therapy Market Dynamics
- Rise in Prevalence and Incidence of Chronic Diseases
Chronic diseases are common health conditions around the world. Globally, one in three adults suffers from chronic conditions. Chronic diseases have affected the health and quality of life of many citizens. Chronic diseases—including cancer, musculoskeletal disorders and neurology disorders, chronic injuries, cardiovascular and gastrointestinal—can lead to hospitalization, long-term disability, reduced quality of life, and death.
The mesenchymal stem cells penetrate and integrate into multiple organs, repair cardiovascular, lung and spinal cord injuries, and improve the state of autoimmune diseases, liver, and bone and cartilage diseases. Stems cells are a potent tool for the treatment of diseases caused by inflammation, immune system failure, and or tissue degeneration.
- In 2021, the World Health Organization (WHO) data, approximately 1.7 billion people were down with musculoskeletal disorders worldwide. Low back pain causes a high burden of musculoskeletal disorders.
- Rise in investment in research and development and availability of funding for stem cell research.
The stem cell research is funded by the National Institute of Health (NIH) budget. The private sector also funds stem cell research, but such investment generally occurs later, during the testing and development phase, then during initial basic research. With stem cell therapies being such a new field, it is crucial an unbiased governmental body supervise them; the FDA is cautious and thorough, but they are endlessly struggling for funding, making a long-term investment that aligns the payment with the potential future beneficiaries.
- In March 2022, MEDIPOST had invested in a contract development and manufacturing company (CDMO) for cell gene therapy products in North America and clinical trials in the U.S., such as stem cell therapy. CARTISEM is a stem cell therapy procedure for the treatment of degenerative osteoarthritis.
- Growing biotechnology sector.
People are getting more aware of their health, and also there is alertness for preventive healthcare. Emphasis on healthcare is gaining popularity. Awareness of disease and symptoms is essential for screening and early detection of infections due to advanced technology available in the healthcare system, such as stem cell technology which is helping the healthcare providers lead to higher survival rates. Many biotechnology companies focusing on the development of stem cell-based therapies are expected to drive the market's growth.
- In 2018, according to Centres for Medicare and Medicaid Services, NHE rose 4.6% to USD 3.60 trillion (USD 11,172.00 per person), accounting for 17.7% of GDP. National health spending will reach USD 6.20 trillion by 2028, with an average annual rate of 5.4% for 2019-2028.
- The rise in healthcare expenditure
Moreover, the rise in the research and development activities and increasing investments by government and private organizations will boost new opportunities for the market's growth rate.
- In 2021, according to Health Care Price Index (HCPI), the total U.S. healthcare budget had increased by 3.4%. The increase in growth states the federal government spending decreased significantly in the previous year from USD 287,000 million in 2020 to USD 170,000 million in 2021.
Strategic initiative by market players.
The demand for stem cell therapy has increased in the U.S. and Europe due to the timely treatment of chronic conditions. These favorable factors enhance the need for medications, and to achieve the market demand, minor and major market players are utilizing various strategies.
The major players are also trying to devise specific strategies, such as product launches, acquisitions, approvals, expansions, and partnerships, to ensure the smooth running of the business, avoid risks, and increase the long-term growth in the sales of the market.
- In May 2022, ViaCyte, Inc. partnered with SQZ Biotechnologies to develop and commercialize the search-use-only (RUO) microfluidic intracellular delivery system. The partnership will allow both the market players to present new cell engineering data in hematopoietic stem cells using mRNA.
- In July 2021, Minovia Therapeutics, Ltd. and Astellas Pharma Inc. formed a strategic collaboration and worldwide license agreement for the research, development, and commercialization of novel stem cell therapy programs for diseases caused due to mitochondrial dysfunction. The collaboration aims to boost the creation of allogeneic mitochondrial cell therapy programs. The two companies will jointly research cell therapy program candidates comprised of cells derived from Astellas' proprietary genetically-engineered, induced pluripotent stem cells and augment with Minovia's proprietary MAT platform technology.
These strategic initiatives by the market players, including acquisition, conferences, and focused segment product launches, are helping the companies grow and improve the company's product portfolios, ultimately leading to more revenue generation. Hence, these strategic initiatives by the market players provide an opportunity that is helping them to drive market growth.
- The rise in cost of stem-cell based therapy research
Stem cell therapy is a developing and novel treatment option for the treatment of several disorders. Sometimes, the cost of the therapy is a concern for several conditions. The stem-cell therapy treatment procedures. The stem cell field is still highly specialized and has not been adopted by the mainstream and insurance companies. The cost of stem cell therapy-based research therapy is not covered by medical insurance. These costs are pushed on patients. Therefore, the present high cost is expected to show a descending trend.
- In 2022, the data by the Bioinformant states that the cost of autologous stem cell therapy in the U.S. is around USD 150,000.
- The lack of skilled professionals
The lack or shortage of skilled expertise would challenge the pace of recovery and growth in one place. Often, the unemployed people in one place have skills that are in short supply elsewhere. Moreover, rapid technological advancement in this field also leads to a lack of expertise.
Stem cell therapy encompasses a modern technology aimed to replace damaged cells with healthy new ones. Nowadays, Stem cell therapies provide substantial benefits to patients suffering from a wide range of diseases such as neuronal disease, diabetes, and injuries such as brain trauma and spinal cord injuries.
The haematologists dealing in stem cell therapies must have received proper stem cell therapy administration training. They must be familiar with the on-site well-organized system for specific emergency administration of treatments. The stem cell therapy coordinator ensures that all relevant personnel must be informed when a patient receives therapy. The coordinator can be the health professionals, including state registered nurses.
The global stem cell therapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global stem cell therapy market, contact Data Bridge Market Research for an Analyst Brief; our team will help you make an informed market decision to achieve market growth.
Patient Epidemiology Analysis
In 2017, the Global Burden of Disease (GBD) data stated that lower back pain caused the maximum number of cases, followed by other musculoskeletal disorders (21.5%).
The global stem cell therapy market also provides detailed market analysis for patient analysis, prognosis, and cures. Prevalence, incidence, mortality, and adherence rates are some of the data variables available in the report. Direct or indirect impact analyses of epidemiology to the market growth are analyzed to create a more robust and cohort multivariate statistical model for forecasting the market during the growth period.
Impact of COVID-19 on the Global Stem Cell Therapy Market
During the pandemic, stem cell therapy had a remarkable effect on reducing mortality and morbidity of patients with COVID-19. Further large-scale studies are needed to approve these results. A protocol for stem cell therapy in COVID-19 infection should be defined to achieve the best possible clinical outcomes. Clinical trials were conducted during COVID-19.
- In March 2022, Pluristem Inc. announced the positive phase I clinical trials for PLX-R18. The U.S. Food and Drug Administration (FDA) granted orphan drug designation for the treatment of graft failure and incomplete hematopoietic recovery following HCT and the prevention and treatment of acute radiation syndrome (ARS). The phase I clinical trials completed would result in the market player being qualified to conduct Phase II and III clinical trials and post marketing approval.
- In March 2020, during the pandemic, MEDIPOST received approval in Malaysia for its knee osteoarthritis drug CARTISTEM. The approval received would result in boosting the product's commercialization.
Global Stem Cell Therapy Market Scope
The global stem cell therapy market is segmented into five segments based on product type, type, application, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Bone Marrow Derived Mesenchymal Stem Cells
- Placental or Umbilical Stem Cell
- Adipose Tissue Derived Mesenchymal Stem Cells
On the basis of product type, the global stem cell therapy market is segmented into bone marrow derived mesenchymal stem cells, placental or umbilical stem cell, adipose tissue derived mesenchymal stem cells, and others.
- Allogeneic Stem Cell Therapy
- Autologous Stem Cell Therapy
On the basis of type, the global stem cell therapy market is segmented into allogenic stem cell therapy, and autologous stem cell therapy.
- Musculoskeletal Disorders
- Wounds and Injuries
- Acute Graft-Versus-Host Disease (AGVHD)
- Gastrointestinal Diseases
- Cardiovascular Diseases
On the basis of application, the global stem cell therapy market is segmented into musculoskeletal disorders, wounds and injuries, acute graft-versus-host disease (AGVHD), surgeries, gastrointestinal diseases, cardiovascular diseases, and others.
- Hospitals and Surgical Centers
- Therapeutic Companies
- Services Companies
On the basis of end user, the global stem cell therapy market is segmented into hospitals and surgical centers, therapeutic companies, services companies, and others.
- Direct Tenders
- Third Party Distributors
On the basis of distribution channel, the global stem cell therapy market is segmented into direct tender, and third party distributors.
Global Stem Cell Therapy Market Regional Analysis/Insights
The global stem cell therapy market is analyzed, and market size insights and trends are provided by regions, product type, type, application, end user, and distribution channel, as referenced above.
Some of the countries covered in the global stem cell therapy market report are the U.S., Canada, Italy, Belgium, Czech Republic, Germany, U.K., Spain, Hungary, Poland, South Korea, Japan, India, and Israel. The U.S. in the North America region is expected to dominate the market due to a rise in chronic diseases, ongoing clinical trials, and the advancement of therapeutic companies.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Stem Cell Therapy Market Share Analysis
The global stem cell therapy market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, the global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global stem cell therapy market.
Some of the major players operating in the global stem cell therapy market are Osiris Therapeutics, Inc. (A subsidiary of Smith+Nephew), JCR Pharmaceuticals Co., Ltd, Orthofix Medical Inc., MEDIPOST, Takeda Pharmaceutical Company Limited, CORESTEM, Inc., PHARMICELL Co., Ltd., STEMPEUTICS RESEARCH PVT LTD, ANTEROGEN.CO., LTD, Holostem Terapie Avanzate S.r.l., U.S. Stem Cell, Inc, BrainStorm Cell Limited, Pluristem Inc., International Stem Cell Corporation, Mesoblast Ltd, Athersys, Inc., BioRestorative Therapies, Inc., among others.
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional, and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.