The allogeneic stem cells market is expected to witness market growth at a rate of 12.04% in the forecast period of 2021 to 2028 and is expected to reach USD 1,534.18 million by 2028. Data Bridge Market Research report on allogeneic stem cells market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the technological advancements is escalating the growth of allogeneic stem cells market.
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Stem cells can be defined as cells that have self-renewing and clonogenic capabilities. These cells can differentiate into multiple cell lineages. Totipotency and self-renewal are distinctive of stem cells. Allogeneic stem cell therapy utilizes cells from a donor. In the most common type of allogeneic transplant, the stem cells are obtained from a donor whose tissue type directly matches that of the patient.
Major factors that are expected to boost the growth in the allogeneic stem cells market in the forecast period are the rise in the unmet requirements in the chronic diseases and the increase in the spending for stem cell research. Furthermore, the upsurge in the incidences of the chronic diseases such as cancer and cardiovascular diseases is further propelling the growth of the allogeneic stem cells market. On the other hand, the difficulty related to the with unclear governing guidelines for product development is further anticipated to further impede the growth of the allogeneic stem cells market in the timeline period.
North America dominates the allogeneic stem cells market due to the rise in the investment scenario. Furthermore, the increase in the economic growth and the upsurge in the prevalence of target chronic diseases will further boost the growth of the allogeneic stem cells market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the allogeneic stem cells market due to the rise in the development of stem cell-based therapies. Moreover, the initiatives taken by the government for advancing regenerative medicines is further anticipated to propel the growth of the allogeneic stem cells market in the region in the coming years.
The major players covered in the allogeneic stem cells market report are Osiris Therapeutics, Inc., MEDIPOST Co., Ltd., Cynata Therapeutics, Bio Solution Co Ltd, STEMCELL Technologies Inc., Astellas Pharma Inc., Cellular Engineering Technologies Inc., Takeda Pharmaceutical Company Limited., TAKARA BIO INC., U.S. Stem Cell, Inc., BrainStorm Cell Therapeutics Inc., STEMPEUTICS RESEARCH PVT LTD, Athersys., JCR Pharmaceuticals Co., Ltd., MiMedx., Lineage Cell Therapeutics, Inc., Thermo Fisher Scientific, Vericel Corporation., AbbVie Inc., Mesoblast Ltd., among other domestic and global players.
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