DALLAS, April 23, 2014 /PRNewswire/ --
According to the new research report "Stem Cell Therapy Market by Treatment Mode (Autologous & Allogeneic), Therapeutic Applications (CNS, CVS, GIT, Wound Healing, Musculoskeletal, Eye, & Immune System) - Regulatory Landscape, Pipeline Analysis & Global Forecasts to 2020" published by MarketsandMarkets, The Stem Cell Therapy Market is poised to grow at a CAGR of 39.5% from 2015 to 2020, to reach $330 Million by 2020.
Browse 58 market data tables 32 figures spread through 196 slides and in-depth TOC on "Stem Cell Therapy Market"
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This report studies the global Stem Cell Therapy Market over the forecast period of 2015 to 2020.
The global Stem Cell Therapy Market on the basis of the mode of treatment is segmented into allogeneic and autologous stem cell therapy. In addition, based on the therapeutic applications, the global Stem Cell Therapy Market is segmented into eye diseases, metabolic diseases, GIT diseases, musculoskeletal disorders, immune system diseases, CNS diseases, CVS diseases, wounds and injuries, and others.
A number of factors such as the increasing funding from various government and private organizations, growing industry focus on stem cell research, and increasing global awareness about stem cell therapies through various organizations are stimulating the research activities for stem cell therapies. Developing markets, emergence of induced pluripotent stem (iPS) cells as an alternative to embryonic stem cells (ESCs), and evolution of new stem cell therapies represent high growth opportunities for market players.
In 2015, North America will hold the largest share of the global Stem Cell Therapy Market. This large share is primarily attributed to the extensive government funding and increasing fast-track approval for stem cell therapeutics by the FDA. Moreover, development of advanced genomic methods for stem cell analysis and high number of ongoing research activities are further fueling the growth of the Stem Cell Therapy Market in North America. However, the Asia-Pacific Stem Cell Therapy Market is expected to grow at the highest CAGR in the forecast period, owing to factors such as increasing regulatory support through favorable government policies, strong product pipelines, and increasing licensing activities in this region.
The Stem Cell Therapy Market includes large number of players that are involved in development of stem cell therapies of the treatment of various diseases. Mesoblast Ltd. (Australia), Aastrom Biosciences, Inc. (U.S.), Celgene Corporation (U.S.), and StemCells, Inc. (U.S.) are the key players involved in the development of stem cell therapies across the globe.
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