Stem cell therapy is the use of stem cells for treatment or prevention of diseases.
Research activities are conducted worldwide for development of stem cell treatments for heart diseases, diabetes, and others.
It is majorly used for the treatment of cancer, to study effects on neuronal degeneration, multiple sclerosis, spinal cord injury, and others.
Mode of Therapy is subsegmented into
· Autologous stem cell therapy.
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Ongoing R&D activities and novel techniques are expected to foster the growth of the market in the coming years.
The Global Stem Cell Therapy Market is segmented based on Mode Of Therapy, Therapeutic Applications, and Geography.
Rise in funding, development of advanced genomic methods, increase in focus on human embryonic stem cells, and surge in approvals of clinical trials for stem cells therapy drive the growth of the global stem cell therapy market.
On the basis of Therapeutic Applications, the market is divided into
· Eye Diseases,
· GIT Diseases,
· Metabolic Diseases,
· Immune System Diseases,
· Musculoskeletal Disorders,
· CNS Diseases,
· Wounds & Injuries, and others.
However, lack of required infrastructure, difficulties related with the preservation of stem cells, ethical issues, immunorejection after stem cell transplantation, complexity involved in identification of stem cells in adult tissues limit the market growth.
Geographically, the market is segmented into
· North America
Lack of effective treatments to cure diseases, evolution of new stem cell therapies, and emergence of induced pluripotent stem (IPS) cells as an alternative to ESCS are anticipated to create opportunities in the industry.
Key players profiled in the report are
· Aastrom Biosciences Inc.
· Advanced Cell Technologies Inc.
· Athersys Inc.
· Celgene Corporation
· Cellular Dynamics International
· Cytori Therapeutics, Inc.
· Fibrocell Science, Inc., and others.
They have adopted various strategies, such as mergers & acquisition, expansions, new product launches, joint ventures, collaborations, partnerships, and others to strengthen their foothold in the global market.
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