What is the projected size of the stem cell therapy market in 2031?
The Global Stem Cell Therapy market is expected to reach US$ 19.1 billion by 2031, exhibiting a CAGR of 16.6% during the forecast period (2024-2031).
What are the key drivers of the stem cell therapy market growth?
The rise in chronic diseases like diabetes and cardiovascular diseases, along with increased government funding for stem cell research, are key drivers.
What are some of the therapeutic applications of stem cell therapy?
Stem cell therapy has the potential to treat a wide range of diseases, including Parkinson's disease, multiple sclerosis, stroke, and spinal cord injuries.
What are allogeneic stem cells?
Allogeneic stem cells are derived from another person and are less likely to cause complications compared to embryonic stem cells. This is why the allogeneic segment holds the dominant market share.