PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462911
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462911
Mesenchymal Stem Cells Market size was valued at USD 3,454 Million in 2023, expanding at a CAGR of 11.5% from 2024 to 2032.
Within the field of regenerative medicine, adult stem cells known as mesenchymal stem cells (MSCs) exhibit great potential. Bone marrow, adipose tissue (fat), umbilical cord blood, and dental pulp are among the tissues in the body that contain them. Osteoblasts, chondrocytes, myocytes, fat cells, and muscle cells are just a few of the cell types that can be created from MSCs because to their amazing capacity to differentiate.
Mesenchymal Stem Cells Market- Market Dynamics
Preference for regenerative medicine to propel market demand
MSCs have become a very useful tool in the field of regenerative medicine. They can be extracted from a number of tissues, such as tooth pulp, adipose tissue, bone marrow, and umbilical cord. The market is being substantially supported by the increasing use of MSCs for the repair of damaged or degenerated tissues because of their capacity to differentiate into a variety of tissue types and their immunomodulatory qualities. Given the rising need for efficient therapies for tissue damage and chronic illnesses, the market for regenerative medicine is expected to expand in the near future. Furthermore, the industry is being positively impacted by the widespread use of MSCs to aid in the healing of fractures, cartilage deformities, ligament injuries, and tendon injury. It is feasible to promote tissue regeneration and decrease inflammation by injecting MSCs directly into the injured area, improving results and hastening the healing process. MSC-based therapies are predicted to become increasingly popular in orthopedics as the aging population and the prevalence of musculoskeletal disorders rise.
Mesenchymal Stem Cells Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 11.5% over the forecast period (2024-2032)
Based on product type segmentation, the Bone Marrow segment is expected to dominate the market over the forecast period
Based on the application segmentation, the Therapeutic segment is expected to lead the market growth during the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Mesenchymal Stem Cells Market is segmented based on Product Type, Application, End-Use, and Region.
Based on the product type, the market is categorized into Adipose Tissue, Bone Marrow, Umbilical Cord and Others. The Bone Marrow segment is expected to dominate the market over the forecast period. Bone marrow-derived mesenchymal stem cells have been the subject of much study and are considered the best in their area. These cells have the ability to differentiate into a variety of cell types, including adipocytes, chondrocytes, and osteoblasts. This characteristic enables its use in a wide range of therapeutic applications, such as the management of inflammatory and immunological diseases as well as orthopedic and musculoskeletal conditions. Moreover, mesenchymal stem cells may be obtained from bone marrow quite frequently, which makes it a popular choice for scientists and medical practitioners.
Based on the application, the market is divided into Research, Therapeutic and Others. The Therapeutic segment is expected to lead the market growth during the forecast period. MSCs have shown promising results in the treatment of a range of ailments and traumas, such as burns, autoimmune disorders, heart and neurological issues, anomalies of the bone and cartilage, and autoimmune diseases. MSCs are being used more and more in regenerative medicine as more clinical trials and scholarly research demonstrate their safety and efficacy. Furthermore, it is anticipated that the rising incidence of chronic illnesses like diabetes and cancer would increase demand for MSC-based therapies.
Based on the end-use, the industry is divided into Musculoskeletal, Orthopedics, Oncology, Cardiovascular and Others.
Mesenchymal Stem Cells Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to hold the majority of market share during the forecast period. In the United States, a significant number of clinical trials are being conducted to evaluate the safety and effectiveness of mesenchymal stem cells as a potential treatment for a range of serious illnesses. Moreover, North America is home to a sizable portion of the largest corporations involved in the supply and commercialization of MSCs. Furthermore, there is a growing need for novel treatments, encouraging government policies, and heightened endeavors by industry players to create sophisticated mesenchymal stem cell treatments for the treatment of chronic diseases. These elements have played a part in the region's commercial supremacy.
The key players in the market are Takeda Pharmaceutical Company Limited, Merck KGaA, Thermo Fisher Scientific, Inc., Lonza Group Ltd, Stemcell Technologies, Inc. Cellular Dynamics International, Inc. Regeneus Ltd, Tissue Genesis, Inc., Cesca Therapeutics Inc and Ipsen. These players adopted various strategies such as product launch, expansion, investment, collaboration, and others to obtain the maximum market share of the market.
In May 2023, through a collaboration with Histocell, REPROCELL will now provide CDMO services to produce Advanced Therapies Medicinal Products (ATMPs) made from mesenchymal stem cells (MSC). Histocell, a subcontracting partner of REPROCELL, has opened a GMP ATMP production plant in Bilbao, Spain, with authorization. Since2008, Histocell has been offering GMP manufacturing services. The company has extensive experience producing therapeutic MSC products, such as exosome cell treatments and cell-free MSC-derived secretome.
GLOBAL MESENCHYMAL STEM CELLS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Takeda Pharmaceutical Company Limited
Merck KGaA
Thermo Fisher Scientific, Inc.
Lonza Group Ltd
Stemcell Technologies, Inc.
Cellular Dynamics International, Inc.
Regeneus Ltd
Tissue Genesis, Inc.
Cesca Therapeutics Inc
Ipsen