PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464679
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464679
Adipose Derived Stem Cell Market size was valued at USD 2,144.5 Million in 2023, expanding at a CAGR of 14.5% from 2024 to 2032.
Adipose-derived stem cells (ADSCs) possess the ability to sustain self-renewal and exhibit an enhanced potential for multiple types of differentiation. This is achieved through the secretion of diverse paracrine factors and extracellular vesicles, enabling them to effectively restore impaired organs and tissues. As a result, there has been a growing focus on utilizing ADSCs in the fields of tissue engineering and organ regeneration. Obtaining ADSCs in substantial quantities is relatively straightforward, as they can be acquired through minimally invasive techniques like liposuction. This accessibility renders them an appealing source for applications in regenerative medicine and tissue engineering. Extensive research has been conducted to explore their therapeutic potential in addressing various medical conditions, including tissue repair, wound healing, and the regeneration of damaged or diseased tissues.
Adipose Derived Stem Cell Market- Market Dynamics
Rising demand for minimally invasive cosmetic procedures is anticipated to fuel market growth
Liposuction, which is a commonly used procedure for harvesting adipose tissue for ADSC isolation, is contributing to the availability of adipose tissue for ADSC-based therapies. The American Society of Plastic Surgeons (ASPS) reported that nearly 18 million individuals underwent surgical and minimally invasive cosmetic procedures in the United States in 2018, indicating a rising trend. This growth in the market is also creating opportunities for companies to commercialize ADSC-based products and therapies. However, it is important to note that safety concerns may pose restrictions on the market's expansion.
Adipose Derived Stem Cell 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 14.5% over the forecast period (2024-2032)
Based on Type segmentation, Allogeneic Stem Cells were predicted to show maximum market share in the year 2023
Based on region, North America was the leading revenue generator in 2023
The Global Adipose Derived Stem Cell Market is segmented based on Type, Product Type, Disease, Technology and Region.
The market is categorized into two groups according to Type: Autologous Stem Cells and Allogeneic Stem Cells. Allogeneic Stem Cells hold the majority share in the market. The combination of adipose-derived stem cells and allogeneic stem cells is a significant field of study and advancement in regenerative medicine. These sources of stem cells provide distinct benefits and are currently under investigation for their potential in treating various diseases and medical conditions.
The market is segmented into four groups according to Product Type: Cell line, Culture media, Media, Sera, and Reagents. The market for adipose-derived stem cells includes a wide range of products, such as cell lines, culture media, sera, and reagents, all of which are essential for driving progress in research, development, and commercialization within the regenerative medicine sector.
The market is segmented into eight categories according to Disease: Cancer, Obesity, Wounds and Injuries, Musculoskeletal Diseases, Cardiovascular Diseases, Central Nervous System Diseases, Metabolic Diseases, Gastro-intestinal Diseases, and Other conditions. Adipose-derived stem cells are highly versatile and possess regenerative capabilities, positioning them as promising candidates for innovative therapies in a wide range of medical fields.
The market is categorized into three groups based on End-User: Cell banks & tissue banks, Research laboratories and Academic institutes, Hospitals and Trauma centers and Others. It is imperative for collaboration and interdisciplinary efforts among these stakeholders to drive advancements in the field of regenerative medicine and facilitate the translation of ADSC-based therapies into clinical practice.
Adipose Derived Stem Cell Market- Geographical Insights
Geographically, this market is extensively spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further categorized based on the countries involved in business activities. The market is predominantly dominated by North America, primarily due to the growing number of research and development initiatives undertaken by various organizations. Notably, government agencies in North America, such as the National Institutes of Health (NIH) in the U.S., play a significant role by providing substantial funding for stem cell research. This financial support greatly accelerates research and development efforts, fosters innovation, and contributes to advancements in understanding ADSC biology and therapeutic applications. In 2019, the United States witnessed a remarkable research and experimental development (R&D) performance, reaching USD 667 billion, and it is estimated to have further increased to USD 708 billion in 2020, as reported by the National Science Foundation. Europe holds the second-largest region for market growth, primarily driven by the increasing consumer awareness of regenerative medicine.
The competitive landscape of the market for adipose-derived stem cells (ADSC) is shaped by the growing awareness of the therapeutic benefits of ADSCs in different medical fields. Businesses aim to set themselves apart by creating unique products and technologies for the isolation, expansion, and application of ADSCs in both research and clinical settings. They are also looking to broaden their reach in the ADSC market by venturing into new regions, forming partnerships with distributors, and focusing on emerging areas like regenerative aesthetics and veterinary medicine. Strategies for market expansion may involve obtaining regulatory approvals, launching market access initiatives, and forming strategic partnerships with influential figures in the healthcare industry.
In October 2023, as per Takeda's announcement, the Phase 3 ADMIRE-CD II research, which evaluated the safety and effectiveness of Alofisel(R) (darvadstrocel) in treating complex Crohn's Perianal Fistulas (CPF), failed to achieve its primary goal of combined remission at 24 weeks, according to topline results. Nothing new was found in terms of safety signals, and darvadstrocel's safety profile matched that of earlier research.
GLOBAL Adipose Derived Stem Cell MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
AlloCure
Antria
Celgene Corporation
Cellleris
Corestem
Cytori Therapeutics
Intrexon
Mesoblast
Pluristem Therapeutics
Tissue Genesis
BioRestorative Therapies
Celltex Therapeutics Corporation
iXCells Biotechnologies
Cyagen
Lonza
Others