Adipose Derived Stem Cell Therapy Market Drivers
High effectiveness of adipose derived stem cell therapy in various medical and biotechnology research fields coupled with growing research and development activities by various research organizations is expected to boost the adoption of adipose-derived stem cell therapy in the market during the forecast period. Adipose derived stem cells (ADSCs) have various applications in medical and biomedical science field such as treatment of diabetes; regeneration of tissues partially in osteogenic, adipogenic, chondrogenic, and cardiovascular areas of medicine; bone regeneration; fat reconstruction; and myocardial and cardiovascular regeneration; among others.
For instance, in November 2018, a peer-reviewed case study conducted using a stem cell processed by Celltex Therapeutics Corporation, showed the improvement in disease findings following systemic administration of autologous adipose derived mesenchymal stem cells (MSCs).
Adipose Derived Stem Cell Therapy Market Restraint
High cost associated with stem cell processing, need of skilled professional for managing, preserving, and scale-up of stem cell lines are the limiting factors, which are expected to restrain the growth of the adipose derived stem cell therapy market during the forecast period.
For instance, Bioinformant— a research firm engaged in stem cell research— released a data on November 2018, on cost of stem cell therapy and various key factors impacting the cost of stem cell therapy including types of stem cells used within procedure, number of treatment, and the site of the clinic. The study findings reveal the cost of stem cell therapy ranges between US$ 5,000-8,000 per patient, in some cases it may rise as much as US$ 25,000 or more depending on the complexity of the procedure.
Adipose Derived Stem Cell Therapy Market Report Snapshots
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