New York, June 29, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Stem Cell Therapy Market By Type, By Source of Stem Cells, By Application, By End Users, By Region, Forecast & Opportunities, 2025” – https://www.reportlinker.com/p05916807/?utm_source=GNW
Global stem cell therapy market is expected to grow at a formidable rate of around 12% during the forecast period.The global stem cell therapy market is driven by the growing popularity and awareness pertaining to the use of stem cells for the prevention and cure of certain life threatening diseases.
Additionally, increase in number of stem cell banks and growing investments by the government and private organizations for the development of stem cell preservation infrastructure is further propelling the market across the globe.
The global stem cell therapy market is segmented based on type, source of stem cells, application, end users, company and region.Based on type, the market can be categorized into allogeneic, autologous and syngeneic.
The allogenic type segment is expected to register the highest growth during forecast period attributable to the rising commercialization of allogeneic stem cell therapy products, wider therapeutic applications of allogeneic stem cells, easy production scale-up process, growing number of clinical trials related to allogeneic stem cell therapies, among others.Based on end users, the market can be bifurcated into hospitals and clinics.
The hospitals segment is expected to dominate the market during the forecast years.This can be accredited to the rising preference for stem cell