Stem Cell and Regenerative Medicine

New Market Trends, R&D on Stem Cells

The global stem cells market size was valued at USD 11.89 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2022 to 2030. The growing development of precision medicine, increase in the number of cell therapy production facilities, and rising number of clinical trials are expected to be major driving factors of the market. Recent advances in stem cell therapeutics and tissue engineering hold the potential to draw attention to the treatment of several diseases. Furthermore, increasing demand for stem cell banking and a rise in research activities about stem cell production, storage, and characterization are also expected to fuel the revenue growth for the market. Technological improvements in the parent and ancillary market for stem cell usage are some of the other factors that reinforce the expected growth in demand for stem cells over the forecast period.