THE MARKEt
STEM CELL TECHNOLOGY-BASED TREATMENT, HOW MUCH DOES IT WORTH IN THE MARKET TODAY?
HEALTHCARE, alternative medicine, nutrition, and cosmetics are largely booming markets in the USA, Middle East and most recently in all of Asia. People in these markets now embrace stem cell products, therapeutics, and other alternative means for Health and Beauty
Espicom Pharmaceutical Market Outlook (marketresearch.com) announced that by 2017, the global pharmaceutical market, including pharmacy and hospital sales, was forecasted to be worth around US$1.8 trillion at retail prices (Nov. 2018 report)
With increasing advances in stem cell therapy research, the demand for stem cell therapy procedure is expected to witness a rise over the next few years
In the last several years, global stem cell therapy market developed fast at an average growth rate of 46.81%. In 2017, the global stem cell therapy market size was 235 million USD, and the market was expected to be 277 million USD
In the forecast period, global stem cell therapy market is expected to generate revenue about 978 million USD in 2025, growing at a CAGR (Compound Annual Growth Rate) of 19.48% between 2018 to 2025
AS STEM CELL therapeutics demonstrate their effectiveness over conventional medical therapies, insurance companies begin to pay for these Stem Cell therapies and open the entire healthcare market to stem cell therapy model Scroll up
Market drive: Increasing awareness about stem cell therapy across the globe
Market challenge: High cost of clinical trials and lack of Stem Cell donors and affordability. Lack of Stem Cell Therapy-Certified Physicians
Market trend: Rising cost of stem cell therapy procedure
THE MARKET for stem-cell-technology-based treatment of devastating diseases is estimated to be more than $20 Billion within the next 7 years and growing at a rapid CAGR (Compound Annual Growth Rate) of more than 30% Year on Year
THE TAM (Total Addressable Market) for stem cell treatment procedures alone is over $1.14 Trillion for the diseases that U.S. stem cell therapy protocols can treat currently. Market would only grow as they develop new Treatments and Protocols for more ailments Scroll up
The global cell therapy market size is expected to reach USD 7.92 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 5.34% during the forecast period. Growing worldwide interest in discovering and development of advanced therapy medicinal products that are based on genes, tissues, or cells is likely to spur the growth of the market
Companies and research communities are witnessed to invest heavily in isolation and culturing of a wide range of cell types, such as chondrocytes, keratinocytes, stem, cartilage, dermal papilla, and epithelial cells for development of cell therapies. Regulatory bodies are playing a crucial role in the growth of this market by enforcing new laws pertaining to product development and approval
Autologous therapies are expected to post a higher CAGR during the same period. Lack of donors and affordability are two key drivers contributing to the growth of this segment