STEM CELL THERAPY MARKET ANALYSIS

Stem Cell Therapy Market Size and Trends

Global stem cell therapy market is estimated to be valued at USD 15.15 Bn in 2024 and is expected to reach USD 63.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.

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Stem cell therapy has witnessed huge adoption in recent years, owing to advancement in regulatory framework governing stem cell research and clinical applications. Rising prevalence of chronic diseases and success of stem cell based therapies to treat conditions such as cancer and blood disorders can drive the market growth. Furthermore, increasing public-private investments to develop innovative stem cell solutions for diseases like myocardial infarction can drive the stem cell therapy market growth during the forecast period. The number of clinical trials involving stem cells has significantly increased in the last few years, indicating the promise of this approach for both rare and common diseases. This is anticipated to provide new opportunities and drive future demand.

 Increasing Manufacturing Facility Expansion by Key Market Players

Increasing manufacturing facility expansion by key market players is expected to drive the global stem cell therapy market growth over the forecast period. For instance, in October 2023, Bayer AG, a global pharmaceutical company, announced the opening of its first cell therapy facility in California, U.S., to create the capacity to bring cell therapies to patients on a global scale.

Market Concentration and Competitive Landscape

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Increasing adoption of inorganic growth strategies such as partnerships by key market players is expected to drive the market growth over the forecast period. For instance, in June 2022, The Melbourne node of the Novo Nordisk Foundation Center for Stem Cell Medicine (reNEW) announced a partnership with Murdoch Children's, the University of Copenhagen, and Leiden University Medical Center in the Netherlands, for stem cell research that will develop new treatments for cancer, diabetes and heart disease has been launched at the Murdoch Children’s Research Centre (MCRI).

Key Takeaways of Analyst:

Global stem cell therapy market  growth is driven by rising prevalence of chronic diseases and growing awareness, demand for stem cell treatments. Advanced cell therapy technologies and falling treatment costs will further propel market expansion. However, stringent regulations can hamper clinical research slightly. Ethical concerns surrounding embryonic stem cells may impede market growth to an extent.

North America currently dominates the stem cell therapy landscape and is expected to remain the largest market during the forecast period. Presence of advanced healthcare infrastructure, high clinical research budgets, and supportive regulatory environment make the region highly favorable for stem cell treatment. Asia Pacific is likely to witness the fastest growth and emerge as a key market in the near future. Rising geriatric population, growing healthcare expenditure, and improving regulatory approval process in Asia Pacific countries are driving the market growth.

While stem cell therapies for musculoskeletal disorders form a mature segment, therapies targeting cardiac disorders indicate strongest potential. Increasing R&D focus on developing stem cell therapies for cancer, diabetes, and neurodegenerative diseases will open up new avenues for market players. Autologous stem cell therapies are expected to remain the preferred treatment method compared to allogeneic alternatives.

Market Challenge – Limited Awareness Regarding Treatment Options

Limited awareness regarding treatment options and the ethical concerns related to embryonic stem cells can hamper the market growth. For instance, according to the data published by the National Center for Biotechnology Information, there is main factor concerning is the fear of the unknown therapy and lack of awareness among the population about the treatment options. Moreover, high cost for these therapies leads to lower adoption, thus, leading to reduced demand for the product worldwide.

Market Opportunity – Potential Applications in New Therapeutic Areas

Potential applications in new therapeutic areas can offer significant opportunities for growth of global stem cell therapy market. Stem cell therapy holds promise for treating various diseases that currently have limited therapeutic options. Researchers worldwide are engaged in developing novel stem cell-based treatments for conditions such as neurodegenerative disorders, cardiovascular diseases and diabetes. According to World Health Organization, stroke is a leading cause of disability and the second leading cause of death worldwide. Cell therapy using stem cells is being investigated for its potential to treat stroke and regenerate damaged brain tissue. Several clinical studies are underway evaluating the safety and efficacy of stem cells for ischemic stroke. Promising results from early studies suggest stem cells may improve neurological outcomes when administered shortly after a stroke. Continued research aims to enhance the therapeutic potential for conditions with high unmet needs like stroke. As research expands into new areas, it is expected to drive significant growth of global stem cell therapy market. Continuous technological advancements to enhance the therapeutic potential of stem cells across different disease areas will promote their clinical adoption. This will pave the way for stem cell-based treatments to benefit millions suffering from diseases lacking effective cures.

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Cell Source segment is sub-segmented adult stem cells, induced pluripotent stem cells, embryonic stem cells, and others.  Adult stem cells segment is estimated to hold 43.7% of the market share in 2024 owing to significant advancements in isolation techniques. Adult stem cells can be extracted from various tissues such as bone marrow, blood, skin and muscles. Unlike embryonic stem cells, their usage does not involve any ethical issues. Moreover, adult stem cells are more specialized than embryonic stem cells and can differentiate into a smaller number of cell types. Continuous research over the past decade has led to refined isolation protocols for extracting adult stem cells with high purity levels from different sources, and this has augmented their therapeutic applications. Banked adult stem cells can also be utilized for allogeneic transplantations, if matching tissue or cell types are available.

Insights, By Application: Growing prevalence of musculoskeletal disorders boosts skeletal applications

Application segment is sub-segmented musculoskeletal disorders, wounds and injuries, cancer, autoimmune disorders, and others. Musculoskeletal disorders segment is estimated to hold 39.2% of the market share in 2024, owing to growing prevalence of conditions such as osteoarthritis and bone fractures globally. Skeletal applications of stem cells including cartilage and bone regeneration are gaining popularity due to advantages such as enhanced recovery time, donor site morbidity reduction and ability of stem cells to augment the healing process. With ageing demographics and rising incidence of osteoporosis in developed nations, there will be increase in demand for stem cell therapies in orthopedics.

Insights, By End User: Hospitals lead uptake due to reimbursement and expertise

End User segment is sub-segmented into hospitals, cell banks, academic and research institutes. Hospitals segment is estimated to hold 32.6% of the market share in 2024 due to existing reimbursement policies and clinical expertise for stem cell procedures. While cell therapy products are still under regulatory approvals, several medical insurance plans provide partial to full coverage for procedures performed in hospitals. This makes stem cell treatment affordable for a larger patient base. Moreover, trained paramedics, sterile facilities and emergency care provisions allow hospitals to minimize procedure-related risks. Cell expansion and processing expertise also enables translation of novel stem cell therapies developed in research institutes to clinical settings. Rising popularity of outpatient clinics and day care centers for stem cell administration is anticipated to supplement hospitals’ share in the near future. However, regulatory hurdles continue to limit stem cell applications to third-party commercial settings.

Regional Insights

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North America remains the dominant region in the global stem cell therapy market and is estimated to hold 37.4% of the market share in 2024. The strong presence of leading biotechnology and pharmaceutical companies in the U.S. has led to significant investments in R&D activities related to stem cell research. Countries like the U.S. and Canada have a highly developed healthcare infrastructure and regulatory framework that encourages clinical trials. This has resulted in the U.S. FDA approving several stem cell therapies for various conditions. The availability of private and public insurance covering stem cell therapy procedures has further increased its adoption in the region.

Asia Pacific region has emerged as the fastest growing market due to factors such as improving healthcare infrastructure, increasing medical tourism and supportive government policies. Countries like China, India, South Korea and Japan are rapidly becoming global hubs for stem cell therapy. These have built state-of-the-art stem cell banks and therapy centers at much lower costs as compared to the developed West. The relatively lower costs have attracted patients from other parts of the world. The rise of medical tourism can also drive the market growth. Patients travel to these countries for affordable stem cell treatments that are not easily accessible or approved in their own countries. Local governments recognize the huge potential, and are offering various incentives to attract private investments and boost domestic production capabilities. South Korea has emerged as a global leader in umbilical cord blood banking. Stringent quality regulations have ensured international accreditation of clinics. The Asia Pacific region thus offers immense opportunities through a unique convergence of advanced healthcare research and affordable delivery of stem cell therapies.

Market Report Scope

Stem Cell Therapy Industry News

• In August 2023, Aspen Neuroscience, a pharmaceutical company, announced that it had received an approval from U.S. Food and Drug Administration to launch a clinical trial of ANPD001, an experimental stem cell therapy designed to replace the nerve cells that are lost in Parkinson’s disease
• In October 2022, Cedars-Sinai Medical Center, announced that it had been awarded a five-year, USD 8 million grant from California’s stem cell agency to launch an innovative new clinic that will expand patients’ access to stem cell and gene therapies, increase research and training in regenerative medicine, foster greater collaboration with eight similar clinics across the state and help educate the public about stem cell and related therapies
• In January 2022, Century Therapeutics, a biotechnology company, and Bristol Myers Squibb Company, a healthcare company, announced a research collaboration and license agreement to develop and commercialize up to four induced pluripotent stem cells (iPSC) derived, engineered natural killer cell (iNK) and / or T cell (iT) programs for hematologic malignancies and solid tumors
• In June 2020, Shanghai Cell Therapy Group (SHCell), a provider of cellular diagnosis center combining cellular research and treatment services, announced that it had entered into a research collaborative project with the University of Southern California (USC) to develop conditions for the long-term ex vivo expansion of mouse and human hematopoietic stem and progenitor cells.

*Definition: Stem cell therapy, also known as regenerative medicine, promotes the repair response of diseased, dysfunctional or injured tissue using stem cells or their derivatives. It is the next chapter in organ transplantation and uses cells instead of donor organs, which are limited in supply. Stem cells are cells with the potential to develop into many different types of cells in the body. These serve as a repair system for the body. There are two main types of stem cells: embryonic stem cells and adult stem cells. Stem cells are divided into two major classes; pluripotent and multipotent. Pluripotent stem cells are replicating cells, which are derived from the embryo or fetal tissues. The pluripotent stem cells facilitate the development of cells and tissues in three primary germ layers such as mesoderm, ectoderm, and endoderm.

Market Segmentation

•  Cell Source Insights (Revenue, USD Bn, 2019 - 2031)
  • Adult Stem Cells
  • Induced Pluripotent Stem Cells
  • Embryonic Stem Cells
  • Others
•  Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Musculoskeletal Disorders
  • Wounds and Injuries
  • Cancer
  • Autoimmune Disorders
  • Others
•  End User Insights (Revenue, USD Bn, 2019 - 2031)
  • Hospitals
  • Cell Banks
  • Academic and Research Institutes
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Osiris Therapeutics, Inc.
  • Kolon TissueGene, Inc.
  • JCR Pharmaceuticals Co., Ltd.
  • Anterogen Co. Ltd.
  • Pharmicell Co., Inc.
  • Stemedica Cell Technologies, Inc.
  • Magellan
  • Medipost Co., Ltd
  • Athersys Inc.
  • Biorestorative Therapies Inc. 
  • Brainstorm Cell Limited.
  • ViaCyte Inc. 
  • Cellular Biomedicine Group
  • ANTEROGEN. C.O., LTD.
  • NuVasive Inc.
  • RTI Surgical
  • AlloSource