(MENAFN- iCrowdNewsWire) High target disease prevalence, product launches, increasing strategic developments such as partnerships and agreements, favourable research funding scenario, and development of advanced genomic analysis techniques for quality control during stem cell manufacturing are key factors contributing to high CAGR of Cancer Stem Cell Therapeutics during forecast period.
According to the current analysis of Reports and Data, the global Cancer Stem Cell Therapeutics Market was valued at USD 10.15 Billion in 2020 and is expected to reach USD 20.08 Billion by 2028, at a CAGR of 9.0%. The study has focused on therapeutic treatment types for 'Cancer Stem Cells' against a wide spectrum of tumour forms such as breast, blood, lung and others. Recent emergence of“Off-the –shelf” stem cell treatment entered the clinical trial in U.S. to determine the extent to which the tumours respond to NK cell therapy and if the incurable cancer is treated or not.
Development of advanced genomic analysis technique, introduction of effective guidelines for cell therapy manufacturing, huge amount of research by Cancer societies and proven effectiveness of transplants are some of the primary growth stimulants for the market. Certain manufacturing and pharmacological issues and regulatory hurdles are hindering the growth of the market.
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Key participants include
Merck KGA, LONZA Group AG, Novartis, Osiris Therapeutics, Pfizer, Pfizer, Stemline Therapeutics Inc., STEMCELL Technologies, and Thermo Fischer Scientific Inc.
Market Dynamics:
Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Surging demands and transition to patient-centric care delivery across geographies will change pharma and healthcare market trends through 2028.
Competitive Outlook:
The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products. Top companies in the market are focusing on R & D activities to expand their product offerings and cater to unmet medical needs.
This report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
Further key findings from the report suggest:
Cancer Stem Cell Therapeutics market is fastest growing at a CAGR of 7% in Asia Pacific. High awareness about cancer stem cells across the globe is the key factor to propel the market growth during forecast period across all regions.
The market for lung cancer disease type segment (i.e. small cell lung cancers, non-small cell lung cancers) is expected to hold the second largest market share during the forecast period.
However, the cardiovascular diseases segment is expected to register the highest CAGR in the forecast period.
Autologous Stem Cell Transplants treatment segment type has dominated the market at a share of 52.8%.
North America is expected to account for the 64% of the global Cancer stem cell therapeutics market. United States is like to witness high growth even due to huge amount of funding by the government for clinical trials.
The Cell Banks and Tissue Banks end use segment has a market share of 12.5%.
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Segments covered in the report:
For the purpose of the study, this Reports and Data has segmented the Global Cancer Stem Cell Therapy Market on the basis of treatment type, disease type, application, end user and the regional outlook:
Treatment Type: (Revenue, USD Million; 2020–2028)
Autologous Stem Cell Transplants
Allogeneic Stem Cell Transplants
Syngeneic Stem Cell Transplants
Bone Marrow Stem Cell Transplants
Disease Type: (Revenue, USD Million; 2020–2028)
Breast Cancer
Blood Cancer
Lung Cancer
Brain Cancer
Colorectal Cancer
Pancreatic Cancer
Bladder Cancer
Liver Cancer
Others
Application: (Revenue, USD Million; 2020–2028)
Musculoskeletal disorders
Neurodegenerative disorders
Cardiovascular diseases
Gastrointestinal diseases
Autoimmune Disorders
Wounds and injuries
Surgeries
Malignancies
Dermatology
End Use: (Revenue, USD Million; 2020–2028)
Hospitals and Surgical Centres
Pharmaceutical and Biotech Companies
Cell Banks and Tissue Banks
Academic Institutes, Research Laboratories, and CROs
Others
Regional Outlook: (Revenue, USD Million; 2020–2028)
North America
Canada
Asia Pacific
Latin America
Middle East and Africa (MEA)
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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