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| Autologous Stem Cell and Non-Stem Cell Based Therapy Market |
The global autologous stem cell and non-stem cell based therapy market is growing significantly due to high incidences of cancer and cardiovascular diseases, and presence of large number of patients requiring transplantation. The lack of service providers in the autologous stem cell market, and the massive unexplored autologous stem cell and non-stem cell based therapy market in the emerging economies, are creating ample growth opportunities for the global autologous stem cell and non-stem cell based therapy market.
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The usage of multipotent stromal cell (mesenchymal stem cell) transplantation in multiple sclerosis is a trend, in the global autologous stem cell and non-stem cell based therapy market. In autologous stem cell and non-stem cell based therapy, an individual’s stem or non-stem cells are cultured outside the body and then transferred back into the body. The autologous cellular therapies do not require separate donor, instead it utilizes stem or non-stem cells from the individual who needs treatment for a particular disease.
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The autologous stem cell and non-stem cell based therapy market is categorized as autoimmune diseases, cancer, neurodegenerative diseases, infectious diseases, and others.
Some of the factors driving the growth of the global autologous stem cell and non-stem cell based therapy market are technological advancements, reduction in risk associated with autologous stem cell and non-stem cell based therapy, growing number of chronic diseases, and increasing researchers’ and scientists’ compliance for autologous cellular therapies. In addition, the increasing government involvement and ease in regulation for autologous cellular therapies, increasing demand for cellular transplantation, and growing research and development activities in the autologous stem cell and non-stem cell based therapies is driving the growth of the market.
Geographically, North America leads the global autologous stem cell and non-stem cell based therapy market, due to technological advancements, increased research and development activities, very few risk associated with autologous cellular therapies, high healthcare expenditure, and high incidences of chronic diseases. Asia-Pacific is the fastest growing region in the global autologous stem cell and non-stem cell based therapy market. The major reasons for the fastest growth in the region are increasing healthcare expenditure, increasing autologous stem cell and non-stem cell based therapy related research activities, improving healthcare infrastructure. Moreover, the autologous stem cell and non-stem cell based therapy market is growing rapidly, due its capability of treating a range of diseases such as autoimmune, cancer, and cardiovascular, in the emerging economies such as India and China.
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Some of the major players operating in the global autologous stem cell and non-stem cell based therapy market are Fibrocell Science Inc., BrainStorm Cell Therapeutics Inc., Vericel Corporation, Dendreon Corporation, Lion Biotechnologies, Genzyme Corporation, Regeneus Ltd., Caladrius, and Opexa Therapeutics Inc.
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