The use of stem cells in medicine is evident since 1968 through the achievement of the first bone marrow transplantation. The application of bone marrow transplantation is for treating genetic blood disorders. With various technological advances taking place, the transplanted haematopoietic stem cells are increasingly sourced from peripheral and umbilical cord blood rather than the bone marrow. Beyond bone marrow transplant, there are high near-term expectations for stem cells therapeutics derived from multipotent mesenchymal stem cells; in the long term, pluripotent embryonic stem cells and induced pluripotent stem cells are promising.
Cell Therapy Systems Market: Drivers and Restraints
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The market for the stem cell therapy is expected to witness growth with the increasing research spending to understand the conversion of undifferentiated cell to differentiated stem cell. This is further expected to address neurological disorders such as Parkinson’s and Alzheimer’s. In May 2017 Orthopedic Research & Education Foundation in partnership with the National Stem Cell Foundation granted US$ 800,000 over a three-year period. The will be used towards investigator-initiated clinical research proposals focusing on adult stem cells.
Stem cells are like blank slate cells with the ability to become several kinds of different cells in the body. In theory, these cells can replace or repair damaged tissues, eliminating the need for surgery. For example, if injected into a person’s spinal cord, the stem cells mimic spinal cord cells. This peculiarity has drawn attention of researchers to explore the use of stem cells to develop treatment towards various disorders and diseases.
Cell Therapy Systems Market: Segmentation
On the basis of products, the cell therapy systems market can be segment as:
Pluripotent stem cell products
Neural stem cell products
Mesenchymal stem cell products
Stem cell substrates
CTS cytokines and growth factors
On the basis of application, the cell therapy systems market can be segment as:
Stem cell therapy research
Neural media & reagents for cell therapy
Cell Therapy Systems Market: Overview
Cellular therapy (CT) is the transplantation of human cells to replace or repair damaged tissue and/or cells. With new technologies, innovative products, and limitless imagination, many different types of cells may be used as part of a therapy or treatment for a variety of diseases and conditions. Some of the cells that may be used include hematopoietic (blood-forming) stem cells (HSC), skeletal muscle stem cells, mesenchymal stem cells, lymphocytes, dendritic cells, and pancreatic islet cells.
Cell Therapy Systems Market: Region-wise Outlook
In terms of geography, cell therapy systems market has been divided into seven regions including North- America, Eastern Europe, Western Europe, Asia- Pacific excluding Japan, Japan Middle-East & Africa and Latin America. North America is expected to remain the dominating region while Asia Pacific is expected to emerge as a fastest growing region. North America invests a lot in the cell therapy systems research and development. Many of the academic institutes are receiving funding from the industry players or government to encourage intensive cell therapy research.
In developing regions such as Japan, government is supporting the development of cell therapies by accelerating the approval process. The significance of these regulations is that they allow companies to receive conditional marketing approval and commercialize regenerative medicine products while clinical trials continue through the later stages.
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Cell Therapy Systems Market: Key Market Participants
Some of the cell therapy systems market participants are GE Healthcare, DSS Imagetech, Thermo Fisher Scientific and Octane Biotech Inc.