Stem Cell Manufacturing Market Forecast Reaching $30.27 Billion by 2029 at 12% CAGR
Discover trends, market shifts, and competitive outlooks for the stem cell manufacturing industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Is the Current and Projected Market Size of the Stem Cell Manufacturing Market Through 2034?_x000D_
The market size of stem cell manufacturing has seen considerable growth in the previous years. It is projected to rise from $17.5 billion in 2024 to $19.22 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth in the past period include developments in biotechnology, initiatives for research and development, regulatory framework setup, investment in infrastructure, as well as clinical trials and therapeutic applications._x000D_
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In the coming years, significant expansion is anticipated in the stem cell manufacturing market, with predictions suggesting a rise to $30.27 billion in 2029, reflecting a compound annual growth rate (CAGR) of 12.0%. The projected growth for this period is largely due to a surge in funding and investment, an increase in therapeutic applications, the advent of cell-based therapies, increased clinical trials and approvals, as well as custom and patient-specific remedies. Key trends for the forecast period encompass a focus on 3d bioprinting, growth in induced pluripotent stem cells (ipscs), integration with automation and robotics, standardization and scalability, as well as advancements in bioreactor technology._x000D_
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#Which Major Market Drivers Are Expected to Boost the Growth Potential of the Stem Cell Manufacturing Market?#_x000D_
The anticipated expansion of the elderly demographic is predicted to spur growth in the stem cell manufacturing industry. This refers to people aged 65 and older, who often suffer from various illnesses due to decreased immunity and the impact of age. The risk of chronic diseases increases with age, and stem cell production can contribute to combating these illnesses. For example, data from the Population Reference Bureau – a Nonprofit organization based in Kenya – forecasted a significant growth in the American population aged 65 and older, from 58 million in 2022 to 82 million by 2050, marking a 47% increase. The proportion of this age group in the general population is also estimated to ascend from 17% to 23% within the same time frame. Therefore, the growth of the elderly population is fueling the expansion of the stem cell manufacturing industry._x000D_
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#Which Key Market Segments Comprise the Stem Cell Manufacturing Market and Drive Its Revenue Growth?#_x000D_
The stem cell manufacturing market covered in this report is segmented –_x000D_
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1) By Product: Consumables, Instruments, Stem Cell Lines_x000D_
2) By Application: Research Applications, Clinical Application, Cell And Tissue Banking Applications_x000D_
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Institutes, Research Laboratories And Contract Research Organizations, Hospitals And Surgical Centers, Cell And Tissue Banks, Other End Users_x000D_
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Subsegments:_x000D_
1) By Consumables: Media And Reagents, Cell Culture Vessels, Assay Kits_x000D_
2) By Instruments: Bioreactors, Cell Counters, Flow Cytometers_x000D_
3) By Stem Cell Lines: Embryonic Stem Cell Lines, Adult Stem Cell Lines, Induced Pluripotent Stem Cell Lines (iPSCs)_x000D_
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#Which Areas Are Leading Regions in the Stem Cell Manufacturing Market Expansion Across the Globe?#_x000D_
North America was the largest region in the stem cell manufacturing market in 2024. Europe was the second-largest region in the stem cell manufacturing market. The regions covered in the stem cell manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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#What Are the Key Market Trends in the Stem Cell Manufacturing Market Over the Coming Years?#_x000D_
A significant trend in the stem cell manufacturing market is the progression of technology. Many players in the market are capitalizing on developments in technology to keep their competitive edge. As an example, Bluebird Bio Inc., a biotechnology company based in the United States, received approval from the U.S. Food and Drug Administration (FDA) for ZYNTEGLO in August 2022. This groundbreaking once-off gene therapy is now approved for beta-thalassemia treatment for those who require regular transfusions of red blood cells. A striking characteristic of this therapy is the ex-vivo process which incorporates a modified beta-globin gene into the patient’s hematopoietic stem cells, facilitating normal hemoglobin production levels. This innovative treatment’s main aim is to achieve independence from transfusions, significantly mitigating the treatment challenges encountered by those with beta-thalassemia. The approval of ZYNTEGLO marks a significant achievement in gene therapy, with the potential to provide a cure and improve the quality of life for those affected._x000D_
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#How Is the Stem Cell Manufacturing Market Conceptually Defined?#_x000D_
Stem cell manufacturing refers to the necessary technologies that allow stem cell tissue culture, a practice carried out in laboratories for therapeutic purposes, to be transferred to the clinic setting while simultaneously achieving control, reproducibility, automation, validation, and product safety._x000D_
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