Approximately
1.1 million Americans suffer from health related problems such as heart attack,
cardiovascular diseases, and different types of cancers. These are the main
causes of mortality with each eliminating over half a million Americans each
year, as per a healthcare industry analysis. Newly formed medicine promises of new ways to repair heart
diseases and of improved cancer treatment.
Stem cell research:
A stem cell
is an undifferentiated cell that has the possibility to develop into any kind
of cell in the body. You may also find stem cell banks that store stem cells
and umbilical cord blood containing stem cells. There are number of diseases
and difficulties that represent the positive impact of stem cell research such
as:
·
Heart
stroke,
·
Respiratory
disease,
·
Diabetes,
·
Neurological
disorders,
·
Spinal
cord injuries, and
·
Some
birth defects
Heart
stroke, respiratory disease, and diabetes are on the third, fourth and seventh
CDC list of causes of death respectively. There are numerous potential benefits
of stem cell research and range from development and testing of new drugs to stem cell therapies in which stem cells
are utilized to replace ailing or destroyed tissue or cells.
The
expectations, hope, responsibility, idealism, and realism come together in the
field of stem cell research. When people find no therapeutic solutions facing
incurable conditions, turn to stem cell research because it offers all kinds of
solutions for them. A simple Google search of ‘stem cell treatment’ gives the
seeker with affirmation that indeed, stem
cell therapies are available to the public, it is a routine procedure and
is ready to use.
Stem cells market:
According to
a market research, the global stem
cells market has been predicted to reach at $12 billion in 2014 and is expected
to grow $26.6 billion by 2020 and at a CAGR of 13.7% during the forecast period
2014 to 2020.
As per a market
research, region wise North America and Europe make up for 70% of the total
market. These two countries are well equipped and well funded. A huge number of
startups are emerging and are attracting a lot of investment. The market in
Asia Pacific is forecasted to grow at a healthy growth rate for the period of
2015-2020. Also, a healthcare industry
analysis gives more information that a significant amount of research is
taking place in countries like China, India, Japan, and Israel.
