Few things to know about Stem cells market

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.