Stem Cell Industry Business Overview
The global stem cells market was valued at USD 9.6 billion in 2019. Growth of 10.32% from 2019-2026 is expected and the value to reach USD 12.96 Billion by 2026. Despite being controversial, these stem cells have gained significant attention from the multidisciplinary community of scientists. An exponential rise in stem cell-based research and huge success of regenerative medicine are expected to fuel market growth. This technology has gained prominence in the past few years as it is directly linked to the treatment of damaged tissues, diseased organs, and regenerative medicine. Research activities targeted to develop polymeric biomaterial systems have witnessed a rise in recent years. These systems act as a niche that aid the survival of stem cell.