Stem cells market views hopes in regenerative medicine
Healthcare market research reports are suggesting a considerable market growth in the area of stem cells and
regenerative medicine and the reason is a new study. Though stem cells are important in the body as they repair
damaged tissue, however,there has to be a specific cell type to be functional. If one analyzes the process of stem
cell development, it can bring out new opportunities to be more effective, thereby contributing to treating several
health conditions.
Global cell therapy market suggests that new studies have been conducted to explore regenerative medicine. In one
such study, it is found that the fetal intestine can develop into stem cells. The area can help researchers to progress
in stem cell therapy.
The research also suggested that immature cells in the intestine are nor determined in advance. With this,
healthcare industry market research observes a greater demand owing to the new development projects in stem cell therapy.
Regenerative treatment
Taking the immature stem cells development ahead, researchers are planning to take the study ahead to explore
how they can improve the ability of stem cells. They hope that research would help future therapies dependent
on regenerative medication. This will encourage self-healing and believed to be useful for IBD patients where
people suffer from belly cramps, diarrhea or discomfort.
The global stem cell and regenerative medicine market is expected to grow from $21.8 billion in 2019 to reach
$55.0 billion by 2024 at a compound annual growth rate (CAGR) of 20.4% for the period of 2019-2024.
In the global market, North America held the highest market share in 2018. The Asia-Pacific region is likely to grow at
the highest CAGR during the forecast period.
The growing government funding for regenerative medicine in research institutes along with the growing number of
clinical trials based on cell-based therapy and investment in R&D activities is expected to supplement the growth of the
stem cell and regenerative market in Asia-Pacific region during the forecast period.
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