The human embryonic stem cells global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Human Embryonic Stem Cells Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The human embryonic stem cells market size has grown rapidly in recent years. It will grow from $1.13 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to funding and investments, regulatory approvals, public awareness, the emergence of regenerative medicine, and expanded clinical applications.
The human embryonic stem cells market size is expected to see rapid growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to an upsurge in several cell therapy production facilities, increasing demand for regenerative therapies, increasing incidence of cardiac and malignant diseases, advancements in stem cell biology research, and awareness about stem cell therapeutic potency. Major trends in the forecast period include advancements in regenerative medicine, increased focus on personalized medicine, growing applications in drug discovery and toxicology, technological innovations, and expansion in biobanking.
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Scope Of Human Embryonic Stem Cells Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Human Embryonic Stem Cells Market Overview
Market Drivers –
The government funding for the development of regenerative medicine is expected to propel the growth of the human embryonic stem cells market going forward. Regenerative medicine is a field of healthcare focused on repairing, replacing, or regenerating damaged tissues or organs to restore normal function in the body. There is increasing government funding for the development of regenerative medicine due to factors such as the rising prevalence of chronic diseases, advancements in stem cell research, and the potential for innovative treatments to improve patient outcomes. Human embryonic stem cells are utilized in regenerative medicine to develop potential therapies for repairing or replacing damaged tissues and organs in the body. For instance, in May 2022, according to the Government of Canada, a Canada-based body responsible for the federal administration, the stem cell network received $45 million in funding over three years, beginning in 2022-23, as part of the Budget 2021 allocation to bolster stem cell and regenerative medicine research. Therefore, government funding for the development of regenerative medicine is driving the growth of the human embryonic stem cells market.
Market Trends –
Major companies operating in the human embryonic stem cell market are focused on expanding into diverse therapeutic applications such as pluripotent stem cells for Parkinson’s disease treatment, and gaining a competitive edge in the market. Pluripotent stem cells for Parkinson’s disease are used to generate dopaminergic neurons, aiming to replace the lost dopamine-producing neurons and restore motor function. For instance, in October 2023, Bayer AG., a Germany-based pharmaceutical and biotechnology company, opened its first Cell Therapy Manufacturing Facility in California by investing $250 million to produce cell and gene therapies globally. This facility initially focuses on BlueRock Therapeutics’ bemdaneprocel derived from pluripotent stem cells (PSC) for Parkinson’s disease. The facility features fully electric manufacturing to address the industry’s manufacturing capacity for regenerative medicines.
The human embryonic stem cells market covered in this report is segmented –
1) By Type: Totipotent Stem Cells, Pluripotent Stem Cells, Unipotent Stem Cells
2) By Product: Regenerative Medicine, Stem Cell Biology Research, Tissue Engineering, Toxicology Testing
3) By Application: Research, Clinical Trials, Other Applications
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Regional Insights –
North America was the largest region in the human embryonic stem cells market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human embryonic stem cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the human embryonic stem cells market are Thermo Fisher Scientific Inc., Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Merck KgaA, Astellas Pharma Inc., Lonza Group, PerkinElmer Inc., R&D Systems, LifeCell, Takara Bio Inc., ViaCyte Inc., PromoCell GmbH, CellGenix GmbH, PeproTech Inc., Lineage Cell Therapeutics Inc., BioTime, Asterias Biotherapeutics Inc., ESI BIO, STEMCELL Technologies Inc., TATAA Biocenter, Celgene Corporation
Table of Contents
1. Executive Summary
2. Human Embryonic Stem Cells Market Report Structure
3. Human Embryonic Stem Cells Market Trends And Strategies
4. Human Embryonic Stem Cells Market – Macro Economic Scenario
5. Global Human Embryonic Stem Cells Market Size and Growth
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32. Global Human Embryonic Stem Cells Market Competitive Benchmarking
33. Global Human Embryonic Stem Cells Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Human Embryonic Stem Cells Market
35. Human Embryonic Stem Cells Market Future Outlook and Potential Analysis
36. Appendix
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