The Allogeneic Stem Cell Transplantation Market is estimated to be valued at US$ 3.9 Billion In 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Allogeneic stem cell transplantation involves transplanting stem cells from a donor into a patient. It is primarily used in the treatment of leukemia, lymphoma, multiple myeloma, and other blood-related diseases. In the transplantation procedure, blood stem cells are collected from the bone marrow or peripheral blood of a healthy donor. These cells are then transfusion into a patient after chemotherapy or radiation therapy to replace the damaged or destroyed stem cells in the bone marrow.
Market Dynamics:
Increasing number of stem cell therapy procedures being performed worldwide for the treatment of various life-threatening diseases such as cancer is a major factor driving growth of the allogeneic stem cell transplantation market. According to the World Marrow Donor Association, around 50,000 stem cell transplantation procedures are performed worldwide annually. Moreover, growing applications of stem cell therapy in cancer treatment is also expected to propel market growth over the forecast period. Rising cases of leukemia, lymphoma and other blood-related cancers are increasing the demand for allogeneic stem cell transplants for therapy. However, high treatment costs associated with stem cell transplantation procedures may hamper market growth to a certain extent.
SWOT Analysis
Strength: The Allogeneic Stem Cell Transplantation Market has a large patient pool in need for regenerative therapies. The market offers a wide range of stem cell treatment options that can treat over 80 types of diseases. Standardization of stem cell procedures has increased the success rate of transplantation therapies.
Weakness: High costs associated with stem cell clinical trials and regulatory requirements increase the overall treatment expenses. Lack of skilled medical professionals limits the number of transplantation procedures in various regions.
Opportunity: Increasing stem cell banking facilities and rising public-private investments in developing countries provide growth opportunities. Emergence of novel technologies such as 3D bioprinting of tissues and organs can disrupt the market.
Threats: Ethical issues related to human embryonic stem cells negatively impact the market. Stringent regulatory frameworks and delays in approval processes are key challenges.
Key Takeaways
The global allogeneic stem cell transplantation market is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing prevalence of blood cancers and genetic disorders.
Regional analysis
The US dominates the global market owing to presence of advanced healthcare facilities and robust research infrastructure. China exhibits fastest growth and is emerging as high potential market in Asia Pacific with increasing stem cell banking facilities and clinical trials.
Key players
Key players operating in the allogeneic stem cell transplantation market are Celgene Corporation, Mesoblast Ltd., Pluristem Therapeutics Inc., MEDIPOST Co., Ltd., Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., Cellular Biomedicine Group, Inc., Biosolution Co., Ltd., StemCell Technologies Inc., Caladrius Biosciences, Inc., TiGenix N.V., ViaCord, Vericel Corporation, Regen Biopharma Inc., Gamida Cell Ltd., Histogenics Corporation, BrainStorm Cell Therapeutics Inc., Lineage Cell Therapeutics, Inc.
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