Global Stem Cell Therapy Market 2018-2022 | Increasing Awareness of Stem Cell Therapy to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–#ResearchTechnavio
analysts forecast the global stem cell therapy market to grow at a CAGR
of almost 11% during the forecast period, according to their
latest market research report.

The reimbursement facility is one of the major trends being witnessed in
the global
stem cell therapy market 2018-2022
. Reimbursement by private
players is based on features such as procedure caps, lifetime caps,
pre-existing condition clauses, and preauthorization procedures. In
Europe, reimbursement challenges vary among EU countries, and an
approval does not guarantee reimbursement. For instance, products such
as PROVENCE, ChondroCelect, and MACI are approved but not reimbursed in
the EU. In Japan, the national healthcare systems make the reimbursement
of stem cell products and other regenerative medicines less complex than
in the US and EU.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global stem cell therapy market is the increase in
awareness of stem cell therapy:

Global stem cell therapy market: increase in
awareness of stem cell therapy

With the increasing advances in science and technology, awareness about
stem cell therapy has also increased. In certain countries with
universal health coverage, individuals may be paid by the government to
be treated in other countries. These steps improve the patient’s
accessibility and hence, the perception to consider stem cell as a
feasible option. This has led to the development of ‘stem cell tourism’
in which patients travel to countries that do not have strict regulatory
restrictions on stem cell therapy.

According to a senior analyst at Technavio, “Regional government
bodies must undertake initiatives such as educational programs on stem
cell designed specifically to meet the regional, cultural, and
behavioral determinants of that population. Educating and certifying
medical personnel in terms of stem cell therapy procedures and the
potential side effects of the therapy also increase awareness.”

Global stem cell therapy market: Segmentation

The global stem cell therapy market research report provides market
segmentation by product (autologous transplants and allogeneic
transplants), by end-user (hospitals and clinics, ASCs, dialysis
centers, and others), and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific

Of the two major types, the autologous transplant segment held the
largest market share in 2017, contributing to around 90% of the market.
This segment will dominate the global market throughout the forecast

The Americas held the largest share of the market in 2017, accounting
for close to 56% share, followed by EMEA and APAC respectively. The
dominance of the region can be due to the presence of major vendors such
as Vericel, Organogenesis, Athersys, and Gilead.

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  • Market characteristics
  • Market segmentation analysis

Market Sizing

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  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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