Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Stem Cell Therapy Market: By Treatment, By Cell Type, By Technology, By End-User and Geography.
Stem Cell Therapy Market size was valued at US$ 16.5 billion in 2023 and is poised to reach US$ 32.2 billion by 2030, at a CAGR of 10% from 2024-2030. Stem cell therapy involves use of stem cells to treat various diseases or disorders. Stem cells are fundamental for every organ and tissue in the body. Stem cells are indistinguishable biological cells that are able to differentiate into specialised cells (liver cells, cardiac cells etc.) and can renew itself (through mitosis) to produce more stem cells. Stem cells have the ability to replicate, repair, and replace other damaged tissues in the human body. In addition, stem cell based therapies are also used to treat several chronic diseases such as blood disorders, cancer and others.
Stakeholders in stem cell therapy such as academic institutions and research firms are collaborating in development of stem cell therapy and industry collaborations also projecting enormous growth of stem cell therapy market.
Study Period
2024-2030Base Year
2023CAGR
10%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Growing awareness about the potency of stem cells in disease management, development of advanced gene based analysis techniques and increase in public, private investments in stem cell research are acting as growth drivers for stem cell therapy market. In addition, identification of new stem cell lines and development of infrastructure for stem cell banking & processing are propelling the growth of the global market. However, ethical issues involved in stem cells research such as destruction of human embryos, religious beliefs are considered as road blocks for adaptation of stem cell therapy by patients. However, stringent regulations to conduct trials on humans, high-cost of research and storage of stem cells are some restraining factors for market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 16.5 billion |
Market Size in 2030 |
US$ 32.2 billion |
Market CAGR |
10% |
By Treatment |
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By Cell Type |
|
By Technology |
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By End-User |
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By Region |
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The global stem cell therapy market size was valued at US$ 16.5 billion in 2023 and is projected to grow at a CAGR of 16.5% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key Market Players