Global Stem Cell Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Stem Cell Market Outlook

• The growing use of induced pluripotent stem cells in disease modeling and cell therapies is boosting the market value for stem cells. 
• In 2023, Pluristyx and Stem Genomics collaborated to make pluripotent stem cells more stable. Such collaborations, intended to support progress in cell therapy are one of the notable market trends.
• North America is expected to hold a significant market share due to strong healthcare systems and big investments in stem cell research, pushed by higher rates of chronic illnesses and helpful regulations.

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Stem Cell Market Overview

Stem cells are used in two forms either autologous transplantation or drug development and is considered one of the crucial elements in regenerative medicine. Adult stem cells (ASCs), induced pluripotent stem cells (IPSCs) and human embryonic stem cells (HESCs) are the three main types. Stem cells can be found from various sources, including bone marrow, cord blood, adipose tissue, or fetal liver.

Stem Cell Market Growth Drivers

Emphasis on Drug Discovery for Effective Treatment and Management of Diseases

In June 2023 , FUJIFILM Cellular Dynamics introduced its iCell Blood-Brain Barrier Isogenic Kit to scientists working on neuroactive drugs. This kit, derived from human iPSCs, supports drug discovery by providing insight into barrier integrity, enhancing the processes of drug development and research for central nervous system (CNS) diseases. The development of technically advanced test kits that optimize the drug discovery processes is expected to boost the stem cell market demand in the forecast period.

Growing Prevalence of Chronic Diseases

The growing prevalence of chronic diseases like diabetes, cardiovascular diseases, and cancer is driving market growth. Stem cells play essential roles, they can replace insulin-producing beta cells in diabetes, repair heart muscle in cardiovascular conditions, locate and destroy cancer cells in cancer therapies, rebuild bone marrow after chemotherapy, and even create personalized vaccines.

Stem Cell Market Trends

Advancements in Regenerative Medicines

The adoption of regenerative medicine impacts the stem cell market significantly. There has been increasing application of somatic stem cells to repair or restore damaged tissues and essential organs and manage chronic conditions like heart disease, spinal cord injuries, and Parkinson’s and Alzheimer’s disease more effectively.

Increasing Clinical Trials and Research Activities to Boost Stem Cell Market Value

The increasing number of clinical trials and studies using stem cells is a key trend in the market. These studies are exploring the potential of stem cells to treat various illnesses, uncovering new possibilities that support market growth.

Technological Advancements

Technological advancements in stem cell collection, immune enhancement, and storage are making treatments more effective. Emerging technologies, such as CRISPR/Cas9 gene editing, 3D bioprinting, and induced pluripotent stem cells (iPSCs), are expanding the application of stem cells.

Rising Collaborations to Accelerate Stem Cell Market Demand

In July 2023 , Pluristyx partnered with Stem Genomics to assess the genomic stability of Pluristyx’s pluripotent stem cell (PSC) lines using the iCS-digital PSC assay. This digital PCR technology can identify small variations in copy number, marking genomic instability. The partnership aims to improve iPSC quality, helping Pluristyx achieve its mission of providing essential cell therapy solutions and speeding up product decision-making. Collaborations between key market players is one of the significant market trends, expected to bolster the market value in the forecast period.

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Stem Cell Market Segmentation

Market Breakup by Type

• Embryonic Stem Cells
• Adult Stem Cells
• Induced Pluripotent Stem Cells
• Perinatal Stem Cells
• Others

Market Breakup by Application

• Drug Discovery
• Toxicity Testing
• Regenerative Medicine
• Oncology
• Others

Market Breakup by End User

• Hospitals
• Pharmaceutical & Biotech Companies
• Academic & Research Institutes
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Stem Cell Market Share

Bone Marrow Holds a Substantial Market Share Based on Type

Based on type, the market is divided into embryonic stem cells, adult stem cells, induced pluripotent stem cells, perinatal stem cells, and others. Among these, adult stem cells are expected to dominate the market due to their therapeutic applications and extensive use in clinical treatments. Adult stem cells, especially hematopoietic stem cells are also used in performing bone marrow transplants, augmenting the market share positively.

Market Share by End User to Witness Significant Growth

Based on end users, the global stem cell market is divided into hospitals, pharmaceutical and biotech companies, academic and research institutes, and others. Among these, pharmaceutical and biotechnology companies are expected to dominate the market because of their immense research and development investment in stem cell sciences, intended to discover new therapies and cures.

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Stem Cell Market Analysis by Region

Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among these, North America is expected to dominate the market, owing to the well-established healthcare system, stem cell research centers, and biotechnology business entities. Also, the rising prevalence of chronic diseases among people positively influences the stem cell market in North America. In addition, the presence of a favorable regulation system and government support, are factors pushing market growth in the region.

In the forecast period, the Asia Pacific region is expected to witness rapid growth, which can be attributed to the rising developments and initiatives to improve the research infrastructure in the healthcare domain. The region is also witnessing an influx of foreign capital from leading healthcare companies so as to leverage the skilled individuals existing in countries like India, China, Japan and South Korea.

Leading Players in the Stem Cell Market

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies are:

Merck KGaA

Established in 1668, and headquartered in Darmstadt, Germany, the company majorly focuses on gene-editing technologies that help advance stem cell research and application.

Thermo Fisher Scientific Inc.

It is a USA-based company established in 1956. Their product portfolio includes stem cell culture media, differentiate kits and cryopreservation solutions. Their innovation supports various aspects of stem cell research, including drug discovery and cell therapy development.

Lonza

Founded in 1897 and headquartered in Basel, Switzerland, the company includes advanced cell and gene therapy manufacturing solutions, stem cell-based assays, and cell culture products.

Pluristyx Inc.

Based in Washington, the company was established in 2018. It focuses on providing stem cell solutions to streamline regenerative medicine. These offerings are designed to simplify the use of stem cells in clinical settings, supporting cell therapy.

Other companies include Mitenyi Biotech, STEMCELL Technologies, Promocell GmbH, AcceGen, Bio-Techne, and Cellular, among others.

Key Questions Answered in the Stem Cell Market

• What was the stem cell market value in 2023?
• What is the stem cell market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is the market segmentation based on types?
• What is the market breakup based on application?
• What is the market breakup based on the end user?
• What are the major factors aiding the stem cell market demand? 
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• What are the major stem cell market trends?
• How does the rise in the geriatric population impact the market size?
• Who are the key players involved in the stem cell market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?
• What role do embryonic cells play in current therapies?
• What are the advantages of induced pluripotent stem cells?
• How are stem cells contributing to drug discovery?
• How are hospitals incorporating stem cell therapies?
• Which factors drive stem cell market growth in North America?