The global demand for stem cell and regenerative medicine is increasing due to the increase in the old age population globally. Further, growing awareness towards stem cell and regenerative medicine is a key growth driver for global stem cell and regenerative medicine market over the forecast period. The global stem cell and regenerative medicine market reached USD 10,200 Million in 2016 by registering a CAGR of 4.8% across the globe. Moreover, the market is expected to garner USD 14745.7 Million by the end of 2024.

The CAGR value Could change due to COVID-19 Pandemic on Global Industry

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North America is slated to account for a leading share of 39.7% by 2024 in the stem cell and regenerative medicine market. The growth in the region can be attributed to the presence of a well-established healthcare industry along with expanded funding from the governments organizations. Besides, in 2015, U.S. health care spending increased 5.8% to reach USD 3.2 trillion which is also expected to impel the growth of stem cell and regenerative medicine market in North America. The U.S. is the prominent market driving growth in the region.

Major Key Players of Global Market:

STEMCELL Technologies Inc., AMAG Pharmaceuticals Inc., Osiris Therapeutics, Inc., are some of the prominent players of stem cell and regenerative medicine market.

Additionally, the U.S. stem cell and regenerative medicine market reached USD 3442 Million in 2016 and is expected to reach USD 5056.4 Million by the end of 2024, expanding at a CAGR of 4.9% over the forecast period i.e. 2017-2024. U.S. stem cell and regenerative medicine market are expected to achieve a Y-o-Y growth rate of 5.6% in 2024 as compared to the previous year.

The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).

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Europe market is expected to expand at a significant CAGR of 4.9% during the forecast period i.e. 2017-2024. Growth and expansion of the pharmaceuticalindustry in the region are expected to be the key factor behind the growth of stem cell and regenerative medicine market in the European region. Further, increasing the application of stem cell and regenerative medicine is expected to fuel the growth of Europe stem Cell and regenerative medicine market during the forecast period. France & Germany are the major contributors to the growth of the stem cell and regenerative medicine market.

Globalstem cell and regenerative medicinemarket are segmented on the basis of product into adult stem cells, human embryonic stem cells, induced pluripotent stem cells, and very small embryonic-like stem cells. Among these segments, the adult stem cells segment (82.9% share in 2016) occupies the largest market of stem cell and regenerative medicine across the globe.

Further, the global adult stem cells market is anticipated to reach USD 12,290.1 Million by the end of 2024 from USD 8,456.6 Million in 2016. Moreover, this segment is anticipated to flourish at a CAGR of 4.9% over the forecast period. In addition, wide-scale application of adult stem cells in the cell regeneration of various diseases is expected to supplement the growth of the global adult stem cells market.

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In the end-user segment, the pharmaceutical industry segment is estimated to remain highest during the forecast period. This segment contributed around 82.9% market share of total stem cell and regenerative medicine market in 2016. Further, this segment is projected to capture 83.1% market share by 2024. Further, the pharmaceutical industry segment is projected to achieve a Y-o-Y growth rate of 5.5% in 2024 as compared to the previous year.

Table of Content:

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Stem Cell and Regenerative Medicine Market is Expected to Garner USD 14745.7 Million by The End of 2024 By Recording a CAGR of 4.8% (Impact Analysis...