The SNS Insider report estimates the Mesenchymal Stem Cells Market size at USD 3.09 billion in 2023, with a projected CAGR of 13.02% to reach USD 9.30 billion by 2032.
The rise in cases of the chronic diseases like diabetes, cancer, and autoimmune disorders. These problems are rising globally, and the demand for innovative treatment solutions rises. Mesenchymal Stem Cells have the unique capabilities for tissue regeneration and immune system modulation, are developing for managing these complex illnesses. This increases the market opportunity for companies for developing and supplying MSC-based therapies.
The increase in the burden of chronic disease, and increase in the rate of the regenerative medicine is another driver of the market. The use of mesenchymal stem cells in various therapeutic applications is rising the growth of the market. Biopharmaceutical companies are investing in R&D to find versatility of MSCs. Research has the efficacy in treating a large range of diseases, including cancer, graft versus host disease, and the neurological conditions like cerebral palsy. Also, the mesenchymal stem cells are explored in tissue engineering for applications such as bone and cartilage repair. This rising therapeutic applications increases the growth of the mesenchymal stem cells market.
At the time of COVID-19 pandemic the rise in investments in MSC research, with studies investigating their respiratory complications associated with SARS-CoV-2 infection. This shows the adaptability of MSC therapies.
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KEY MARKET SEGMENTATION
By Products and Services
- Products
o Cells & Cell Lines
o Kits, Media, & Reagents
o Others
- Services
- Cell Sourcing & Isolation
- Culture & Cryopreservation
- Differentiation
- Characterization
By Type
- Autologous
- Allogeneic
By Source of Isolation
- Bone Marrow
- Cord Blood
- Peripheral Blood
- Fallopian Tube
- Fetal Liver
- Lung
- Adipose Tissues
By Indication
- Bone And Cartilage Repair
- Cardiovascular Disease
- Inflammatory And Immunological Diseases
- Liver Diseases
- Cancer
- GvHD
- Others
By Application
- Disease Modelling
- Drug Development & Discovery
- Stem Cell Banking
- Tissue Engineering
- Toxicology Studies
- Others
Segment Analysis
By Products and Services, Products segment dominated the growth of the mesenchymal stem cells market with more than 78.9% of market share in 2023, due to it focuses on innovation and market expansion of the cells and cell lines segment.
By Workflow, Culture & Cryopreservation segment dominated the growth of the mesenchymal stem cells market with more than 44.6% of market share in 2023, due to the rise in number of people are seeking cryopreservation services, which is necessary for the advanced market infrastructure.
By Type, Allogeneic segment dominated the growth of the mesenchymal stem cells market with more than 56.8% of market share in 2023, due to the rise in allogeneic MSC therapies for the safety in clinical trials.
Recent Developments
November 2023, BrainStorm Cell received approval from the U.S. FDA to discuss the regulatory path for NurOwn, an effective MSC-based therapy for Amyotrophic Lateral Sclerosis (ALS).
July 2023, PROMOCELL GMBH's launch of PromoExQ MSC Growth Medium XF provides is the solution for cultivating MSCs used in cell therapy manufacturing.
July 2023, Merck KGaA is invest to expand cell culture media production in the U.S. for the advanced manufacturing capabilities for MSC-based treatments.
January 2023, Stemedica Cell Technologies' initiation of Phase Iib/III clinical trials. This study evaluates the safety and efficacy of MSC therapy for chronic ischemic stroke patients.
Regional Analysis
The North America dominated the mesenchymal stem cells market with more than 44.3% of market share in 2023. Due to rise in the number of clinical trials for the MSC therapy for different diseases. The presence of major mesenchymal stem cells suppliers and companies headquartered in this region. Rise in the funding from government and private organizations, for R&D.
Europe has significant number of shares of the mesenchymal stem cells market. This growth is due to several factors such as the strong support from the governments for the research and development. Advanced research infrastructure. Active participation of key companies and research organizations across Europe.
The Asia Pacific region is the fastest growing region for the mesenchymal stem cells market due to collaborations between local and international companies, increase in the interest in stem cell therapies. The government and private sector funding in supporting the development and accessibility of MSC therapies.
Key Takeaways
- The report clarifies that MSCs hold unique capabilities for tissue regeneration and immune system modulation. This opens doors for developing MSC-based therapies for managing complex chronic illnesses, creating significant market opportunities.
- The report highlights the rise in investments in MSC research during the COVID-19 pandemic.
- North America holds the largest market share due to factors like a high volume of clinical trials, a concentration of major MSC suppliers and companies, and increasing government and private funding for R&D.
- Europe follows with a significant market share, fueled by strong government support for research, advanced infrastructure, and active participation of key players.
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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Mesenchymal Stem Cells Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Mesenchymal Stem Cells Market Segmentation, By Products and Services
Chapter 9 Mesenchymal Stem Cells Market Segmentation, By Type
Chapter 10 Mesenchymal Stem Cells Market Segmentation, By Source of Isolation
Chapter 11 Mesenchymal Stem Cells Market Segmentation, By Indication
Chapter 12 Mesenchymal Stem Cells Market Segmentation, By Application
Chapter 13 Mesenchymal Stem Cells Market - Regional Analysis
Chapter 14 Company profile
Chapter 15 Competitive Landscape
Chapter 16 Use Case and Best Practices
Chapter 17 Conclusion
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