Mesenchymal Stem Cells Market to Grow with a CAGR of 12.37% through 2028
Rising prevalence of chronic diseases and the increasing investment in biotechnology are factors driving the global Mesenchymal Stem Cells market in the forecast period 2024-2028.
According to TechSci Research report, “Mesenchymal Stem Cells Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Mesenchymal Stem Cells Market stood at USD 2.71 billion in 2022 and is anticipated to grow with a CAGR of 12.37% in the forecast period, 2024-2028. The global Mesenchymal Stem Cells (MSCs) market has been experiencing significant growth in recent years, driven by a combination of factors that underscore the importance of regenerative medicine and cell-based therapies. MSCs are multipotent adult stem cells with the ability to differentiate into various cell types, making them a valuable resource in the field of regenerative medicine.
The global population is aging at an unprecedented rate, leading to a surge in age-related diseases and conditions such as osteoarthritis, Alzheimer's disease, and heart disease. MSC-based therapies hold immense potential for addressing age-related health issues by promoting tissue repair and regeneration. As the elderly population continues to grow, the demand for MSC-based treatments is expected to rise substantially.
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One of the primary drivers of the global MSCs market is the increasing prevalence of chronic diseases, including cardiovascular disorders, diabetes, orthopedic conditions, and autoimmune diseases. MSC-based therapies offer the potential to treat these diseases effectively. The regenerative capabilities of MSCs can help repair damaged tissues and modulate the immune system, making them a promising tool for addressing the growing burden of chronic illnesses.
The global population is aging at an unprecedented rate, leading to a surge in age-related diseases and conditions such as osteoarthritis, Alzheimer's disease, and heart disease. MSC-based therapies hold immense potential for addressing age-related health issues by promoting tissue repair and regeneration. As the elderly population continues to grow, the demand for MSC-based treatments is expected to rise substantially.
Advancements in cell therapy research have propelled the development of innovative MSC-based treatments. Researchers are continuously uncovering new applications for MSCs, such as tissue engineering, wound healing, and immunomodulation. These breakthroughs have expanded the market's potential, as pharmaceutical companies and biotechnology firms invest in the development of novel therapies that harness the therapeutic potential of MSCs.
Collaborations between academic institutions, research organizations, and pharmaceutical companies have become more common in the field of regenerative medicine. These partnerships facilitate the exchange of knowledge, expertise, and resources, leading to accelerated research and development efforts. Collaborative initiatives are vital drivers of innovation and market growth in the MSCs sector.
The Global Mesenchymal Stem Cells Market is segmented into Product & Services, Workflow, Type, Source of Isolation, Indication, Application and company.
Based on Application, the disease modelling segment has emerged as the predominant market leader. MSCs are valuable tools for studying disease mechanisms. Researchers can induce specific diseases or conditions in vitro by manipulating MSCs, allowing them to better understand the underlying biology and identify potential therapeutic targets. Disease modeling with MSCs plays a crucial role in drug discovery and development. MSC-based models can be used to screen potential drug candidates, assess their efficacy, and evaluate their safety profiles before advancing to clinical trials. This can significantly reduce the time and cost of drug development.
Based on region, North America segment is expected to grow during the forecast period. The North American pharmaceutical and biotech industry is one of the largest and most influential globally. Many major pharmaceutical companies are headquartered in the United States, and they often collaborate with research institutions and biotech startups to advance MSC-based therapies and products. North America has been at the forefront of conducting clinical trials for MSC-based therapies across a wide range of medical conditions, including orthopedic disorders, autoimmune diseases, and cardiovascular conditions. Positive trial outcomes and growing adoption of MSC-based treatments have contributed to market dominance.
The Asia Pacific market is experiencing rapid market growth. The region has also been proactive in creating awareness about the potential benefits of MSC therapies among healthcare professionals and patients. This has led to greater acceptance and utilization of MSC-based treatments.
Major companies
operating in Global Mesenchymal Stem Cells Market are:
- Thermo Fisher Scientific, Inc
- Cell Applications, Inc
- Axol Biosciences Ltd
- Cytori Therapeutics Inc
- STEMCELL Technologies
- Cyagen Biosciences
- Celprogen Inc
- BrainStorm Cell Limited
- Stemedica Cell Technologies Inc
- Merck KGaA (MilliporeSigma)
- PromoCell GmbH
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“The global Mesenchymal Stem Cells market is poised for substantial growth in the coming years, thanks to a convergence of key market drivers. The rising prevalence of chronic diseases, the aging population, advances in cell therapy research, regulatory support, increasing investments in biotechnology, rising patient awareness, and collaborative partnerships are all contributing to the expansion of this dynamic market. As the therapeutic potential of MSCs continues to be explored and realized, we can expect further advancements and breakthroughs in the field of regenerative medicine, with significant benefits for patients worldwide.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Mesenchymal Stem Cells Market By Product & Services (Products(Cells & Cell Lines, Kits, Media, & Reagents, Others), Services), By Workflow ( Cell Sourcing & Isolation, Culture & Cryopreservation, Differentiation, Characterization), By Type ( Autologous, Allogeneic), BySource of Isolation( Bone Marrow, Cord Blood, Peripheral Blood, Fallopian Tube, Fetal Liver, Lung, Adipose Tissues), By Indication (Bone And Cartilage Repair, Cardiovascular Disease, Inflammatory And Immunological Diseases, Liver Diseases, Cancer, GvHD, Others), By Application ( Disease Modelling, Drug Development & Discovery, Stem Cell Banking, Tissue Engineering, Toxicology Studies, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Mesenchymal Stem Cells Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Mesenchymal Stem Cells Market.
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