As per Market Industry Reports (MIR) research findings, technological advancements, increasing investment in stem cell research, rising number of patients with genetic disorders, rising need for regenerative medicines, integrated stem cell therapy solutions are opening the new therapy lines to treat the therapeutic challenges.
The global stem cell therapy market is driven by prominent players such as Osiris, MEDIPOST, Anterogen, PHARMICELL Co., Ltd, Holostem Terapie Avanzate S.r.l, .JCR Pharmaceuticals Co., NuVasive, Inc., RTI Surgical, Inc, AlloSource and among others.
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The growth of global stem cell banking is driven by the technological advancements in the stem cell therapies, growing patient awareness and healthcare expenditure, rise in number of patients with genetic disorder and need for regenerative medicine. These are the major factors driving the stem cell therapy market globally.
Technological advancements and increasing investments related to research on stem cell therapies are also playing an important role in the growth of the stem cell therapy market. In January 2019, the researches of university of Freiburg (Germany) conducted a research on the potential of Mesenchymal stem cells in repairing damaged organs.
“The technological advancements and increasing investment in stem cell research are helping to identify the new stem cell therapy lines to treat the challenging therapeutic process” said Trupti, Senior Analyst, Healthcare at MIR.
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From regional perspective, North America dominated the market of stem cell therapy. North America and Asia pacific is anticipated to dominate the global stem cell therapy market in forecast period owing factors, such as advancement in technology, increasing public- private investments in market, identification of new stem cell therapy lines and development in healthcare industries.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Stem Cell Therapy Market 2030 – Industry Demand, Emerging Trends and Growing Technology