Global Cancer Stem Cells Market size was valued at US$ 917.5 Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ 1,722.7 Mn.
The global Cancer Stem Cells market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Cancer Stem Cells report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Cancer Stem Cells Market
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Global Cancer Stem Cells Market Overview:
Cancer stem cells (CSCs), also known as tumor-initiating cells (TICs), are self-renewing cells that can repair themselves. Acute myeloid leukemia, as well as breast and central nervous system tumors, have been shown to contain cancer stem cells. Cancer stem cells can play a unique role in tumor metastasis, and understanding them could lead to the production of predictive and prognostic markers as well as targeted therapeutic interventions. Chemotherapy-resistant cancer stem cells are considered to result in a bad clinical outcome.
Stem cells have been successfully used in immuno-reconstitution and blood replenishment following tumor formation or treatment over the past several years. Furthermore, these cells have attracted a lot of interest from healthcare organizations because they can be used to deliver anti-cancer drugs and regenerate tissue.
According to World Health Organization (WHO) cancer is the first or second leading cause of death before the age of 70 in 112 of 183 countries in 2019, and third or fourth in another 23 countries. The rise of cancer as a leading cause of death is partially due to significant decreases in stroke and coronary heart disease mortality rates in many countries when compared to cancer.
Global Cancer Stem Cells Market Dynamics:
Drivers:
The rapid acceptance of stem cells by healthcare professionals for tissue regeneration and as methods for anti-cancer drug delivery is propelling the cancer stem cells market forward. The use of stem cells for tumor treatment has been reported to be effective by healthcare professionals all over the world.
Impact of increased public-private investment, public awareness of product therapeutic power, and the creation of a regulatory structure for stem cell therapeutics are fueling market growth while limiting tumor growth.
The requirement for CSC therapy supply has increased as the number of FDA approvals for stem cell therapy has grown. The rising prevalence of chronic diseases, as well as a large number of stem cell beneficiaries, are driving the market ahead.
Restraints:
The high cost of stem cell therapy treatment and stringent international healthcare agency regulations for the use of stem cell therapy, on the other hand, are impeding the development of the cancer stem cells industry.
Global Cancer Stem Cells Market Segment Analysis:
Based on Type, the Cancer Stem Cell Market is fragmented into sub-segments such as Cell Culturing, Cell Separation, Cell Analysis, and Molecular Analysis. Among them, the Cell Culturing Sub-segment is expected to dominate the market during the forecast period.
Based on Application, the Breast Cancer Diagnosis and treatment sub-segment is expected to grow at the highest pace owing to increased cases of Breast cancer worldwide followed by lung cancer. Every year, it affects 2.1 million people, and according to the WHO, 627,000 women die from it, accounting for roughly 15% of all cancer deaths among women.
Global Cancer Stem Cells Market 1
Global Cancer Stem Cells Market Regional Insights:
North America dominated the global cancer stem cell market in 2019. The demand for cancer stem cells in North America is expected to rise at a significant pace in the coming years. The availability of state-of-the-art infrastructure for medical research, the participation of a large number of organizations involved in stem cell therapy research and development as well as advances in medical research, are driving the growth of the cancer stem cells market in the area. The American Government is a significant contributor, with major consulting firms and market vendors based in the country. Multiple pipeline developments in the area are driving up consumer demand.
Cancer stem cells might see rapid growth in the Asia Pacific region, owing to the involvement of many organizations focused on stem cell research and development. Furthermore, funding agencies are offering grants to research groups in Asian countries to help them accelerate their clinical research on cancer stem cells.
Latin America, on the other hand, will rise at a modest pace in the coming years. In the coming years, development in the Middle East and Africa would be slower.
In 2020, an estimated 19.3 million new cancer cases (18.1 million excluding nonmelanoma skin cancer) will be diagnosed worldwide, with almost 10.0 million cancer deaths (9.9 million excluding nonmelanoma skin cancer). Female breast cancer (2.26 million cases), lung (2.21), and prostate cancer (1.41 million cases) were the most frequently diagnosed cancers worldwide; lung (1.79 million deaths), liver (830000), and stomach cancers were the most common causes of cancer death (769000).
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The objective of the report is to present a comprehensive analysis of the global Cancer Stem Cells market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Cancer Stem Cells market dynamics, structure by analyzing the market segments and project the global Cancer Stem Cells market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Cancer Stem Cells market make the report investor’s guide.
Global Cancer Stem Cells Market Key Developments:
Tel Aviv University researchers recently unveiled an innovative biosensor that can kill leukemic cells. The researchers want to reduce the rate of blood cancer relapse by focusing on the most malignant leukemic stem cells. Meanwhile, stem cell research is a rapidly growing medical field in Turkey, which is now known as Europe's "big star in stem cell."
Global Cancer Stem Cells Market Scope: Inquire before buying
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Global Cancer Stem Cells Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Cancer Stem Cells Market Key Players
• Thermo Fisher Scientific, Inc.
• Abbvie, Inc.
• Merck KGaA
• Bionomics
• Lonza
• Stemline Therapeutics, Inc.
• Biotime, Inc.
• Sino Biological
• Irvine Scientific
• Oncomed Pharmaceuticals, Inc.
• Stemcell Technologies, Inc.
• Macrogenics, Inc.
• Miltenyi Biotec
• Other Key Players
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