Global Stem Cells Market 2017-2018 & 2023 - Market is Projected to Grow at a CAGR of 9.74%

World News: 09:50 GMT Friday 14th September 2018. [Research and Markets via Globe Newswire via SPi World News]

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Dublin, Sept. 14, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.

The Global Stem Cells Market was worth 5.17 Billion USD in 2017 and it is estimated to grow to 9.03 Billion USD by 2023 with a CAGR of 9.74% between 2017 and 2023.

The Stem cells are the cells found in the umbilical cord blood. These cells are being used in treating a wide range of conditions like sickle cell disease, leukaemia, and multiple myeloma. Birth of the child is the only chance to collect and store these valuable stem cells, which can be used to treat over 80 diseases.

North America is expected to dominate the Global Stem Cells Market in the forecast period because of the substantial investments in the field followed by Europe. Asia-Pacific region is expected to have the highest growth rate with a CAGR of 11.6%.The rising prevalence of chronic diseases requiring immediate medical intervention, technological advancement in the stem cells isolation and harvesting procedures, and supportive regulatory environment for stem cells products are the reasons for the growth of the Global Stem Cells Market.In October 2017, two key vendors Athersys and Nikon CELL Innovation collaborated on MultiStem Commercial Manufacturing in Japan. 5.1. Adult Stem Cells5.2. Human Embryonic Stem Cells5.3. Induced Pluripotent Stem Cells5.4. Others 6.1. Autologous6.2. Allogeneic 7.1. Regenerative Medicine7.2. Drug Discovery & Development 8.1. Therapeutic Companies8.2. Cell & Tissue Banks8.3. Tools & Reagent Companies8.4. Service Companies

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Globe Newswire: 09:50 GMT Friday 14th September 2018

Published: 2018-09-14T09:50:07.

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