Hematopoietic Stem Cell Transplantation Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s hematopoietic stem cell transplantation market report forecasts the hematopoietic stem cell transplantation market size to grow to $6.14 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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Hematopoietic Stem Cell Transplantation Market Size Forecast
The global hematopoietic stem cell transplantation market is expected to grow from $3.88 billion in 2022 to $4.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.27%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hematopoietic stem cell transplantation market size is expected to reach $6.14 billion in 2027 at a CAGR of 9.7%.
North America held the largest hematopoietic stem cell transplantation market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Hematopoietic Stem Cell Transplantation Market Driver – Increase In Frequency Of Blood Cancer
According to a data provided by Blood Cancer UK, a UK-based non-profit organisation, 41,000 blood cancer cases would be discovered each year in August 2022, making blood cancer the sixth most common malignancy in the UK. Blood cancer, which affects one in every 16 men and one in every 22 women at some point in their lives, will affect around 250,000 people in the United Kingdom in 2022. Furthermore, blood cancer affects around 500 children under the age of 15 each year. They have 400 cases of paediatric leukaemia and 100 cases of lymphoma. As a result, the growing prevalence of blood cancer supports the expansion of the health and wellness market.
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Key Hematopoietic Stem Cell Transplantation Market Trend – Product Approvals
To maintain their market position, major firms in the hematopoietic stem cell transplantation market are implementing product approvals. For example, Priothera Ltd., an Ireland-based late-clinical stage biotechnology company, received FDA clearance of an investigational new drug (IND) in April 2022 to begin an allogeneic hematopoietic stem cell transplant (HSCT) Phase IIb/III research study with mocravimod in patients with acute myeloid leukaemia (AML). Mocravimod, also known as KRP203, is a synthetic sphingosine 1-phosphate receptor (S1PR) modulator. Phase I and Phase II trials have been conducted to assess the safety, tolerability, and efficacy of this novel investigational medicine for a variety of autoimmune illnesses.
Hematopoietic Stem Cell Transplantation Market Segment
1) By Type: Allogeneic, Autologous
2) By Indication: Leukemia, Lymphatic Disorder, Myeloma, Other Non-Malignant Disorders
3) By Application: Bone Marrow Transplant, Peripheral Blood Stem Cell Transplant, Cord Blood Transplant
4) By End User: Hospital Pharmacy, Retail Pharmacy, Specialty Clinics
Hematopoietic Stem Cell Transplantation Market Major Players and Strategies
Major players in the hematopoietic stem cell transplantation market are Pluristem Therapeutics Inc., Lonza Group AG, Escape Therapeutics Inc., Regen Biopharma Inc., Bluebird Bio Inc., CellGenix GmbH, CBR Systems Inc., Merck KGaA, Cord Blood Corporation, Kiadis Pharma NV, Marker Therapeutics Inc., Cord Blood Corporation, Taiga Biotechnologies Inc., Takeda Pharmaceutical Company Limited, Talaris Therapeutics Inc., ViaCord LLC, ScienCell Research Laboratories Inc. and BiolineRx.
Eurobio Scientific Group, a biotechnology firm established in France, paid $132.3 million for Genome Diagnostics B.V. in August 2022. Eurobio Scientific Group wants to complete its commercial portfolio for assessing donor-recipient compatibility in organ and marrow transplants with this acquisition. Genome Diagnostics B.V. is a molecular diagnostics company established in the Netherlands that offers hematopoietic stem cell transplantation services.
The Hematopoietic Stem Cell Transplantation Global Market Report 2023 covers regional data on hematopoietic stem cell transplantation market size, hematopoietic stem cell transplantation market trends and drivers, opportunities, strategies, and hematopoietic stem cell transplantation market competitor analysis. The countries covered in the hematopoietic stem cell transplantation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Hematopoietic stem cell transplantation (HSCT) is a medical technique used to treat a variety of blood and bone marrow problems, including specific hereditary disorders and autoimmune diseases. A patient’s damaged or diseased bone marrow is replaced with healthy stem cells from a donor, which then develop and make new blood cells in the patient’s body. Bone marrow, peripheral blood, and umbilical cord blood can all be used to obtain stem cells.
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