Stem Cell Therapy Market to Reach USD 3,693.6 Mn by 2027 - CAGR to grow at 36.2% Over the Period 2020 – 2027
Market Size – USD 342.7 Million in 2019, Market Growth - CAGR of 36.2%, Market trends – Technological advancement. The global Stem Cell Therapy Market is expected to reach USD 3,693.6 Million by 2027, according to a new report by Emergen Research. The stem cell therapy market is experiencing increased demand due to the rise in the number of clinical trials all over the world. Stem cells are applicable to the development of regenerative medicine, commonly used in the field of dermatology. However, the demand for stem cell applications in the oncology segment will witness the highest growth due to several pipeline projects present for the treatment of cancer or tumors. Development of advanced genomic analysis techniques, the introduction of effective guidelines for cell therapy manufacturing, a vast amount of research by cancer societies, and the proven effectiveness of transplants are some of the primary growth stimulants for the market. Certain manufacturing and pharmacological issues