Report Code: A13594 | Pages: NA | Jul 2023 | 1084 Views | ||
Author(s) : Onkar S | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Stem Cell And Regenerative Therapy Market
Request Now !Stem cells are the body's raw materials or cells that give rise to all other cells with specialized functions. These cells can be manipulated to become specialized cells that regenerate and mend diseased or damaged tissues in patients suffering from a variety of disorders. Stem cell and regeneration therapy use stem cells or stem cell derivatives to stimulate the healing of damaged, injured, or malfunctioning tissue.
These regenerative therapies can be used to treat patients with Alzheimer's disease, Parkinson's disease, amyotrophic lateral sclerosis, stroke, burns, diabetes type 1, heart disease, cancer, and osteoarthritis. Stem cells are utilized in advanced therapies to repair damaged cells and as a replacement strategy for the donor's immune system to battle a variety of blood-related disorders and cancers.
COVID-19 Impact analysis
COVID-19 is a newly discovered novel coronavirus that causes an infectious disease. On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. This pandemic has hampered economic growth in a variety of sectors. During the first half of the forecasted period, the COVID-19 outbreak will influence the stem cell and regenerative therapy market. The market is likely to experience some loss over the forecast period as a result of nationwide lockdowns, denied wound care services, canceled or postponed elective surgeries, and rising skin injuries among COVID-19 medical care providers. However, demand for stem cell and regenerative therapy products is predicted to surge in the second half of the forecast period.
Top Impacting Factors
Market Trends
New product launches to flourish the market
In December 2020, REPROCELL launched a new service Personal “iPS” service for generating patient-specific iPSC from January 2021. The service will help in preparing and storing an individual’s iPSCs for developing regenerative medicines for treating future illness or injury. They are created from mature cells via incorporating ready-to-use RNA reprogramming technology.
In October 2020, NoveCite and Novellus Therapeutics Limited entered into a partnership for developing & commercializing NoveCite iPSCs for treating COVID-19 associated acute respiratory distress syndrome (ARDS). The process has multimodal immunomodulatory mechanisms of action, which makes it a promising therapy for treating acute respiratory diseases.
In May 2020 Celavie Biosciences advanced its 5-year exploratory study on Parkinson’s disease. The company is developing regenerative stem cell therapies for treating central nervous system disorders and Parkinson’s disease. Celavie Biosciences released successful results for their exploratory clinical trials of OK99 stem cells for Parkinson’s disease.
Key Benefits of the Report
Questions answered in the Stem Cell and Regenerative Therapy Report
Stem Cell and Regenerative Therapy Market Report Highlights
Aspects | Details |
---|---|
By Product Type |
|
By Application |
|
By End User |
|
By Region |
|
Key Market Players | CELGENE CORPORATION, ReNeuron Group plc, Virgin Health Bank, Biovault family, Precious Cells International Ltd, Mesoblast Ltd, Caladrius, Seneca Biopharmaceuticals, Inc, Opexa Therapeutics, Inc, Pluristem Therapeutics Inc |
Loading Table Of Content...
Start reading.
This Report and over 52,906+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers