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The hematopoietic stem cell transplantation (HSCT) market offers procedures that involve replacing diseased blood-forming stem cells in the bone marrow with healthy stem cells. HSCT treatments help fight blood cancer and other disorders affecting blood, immune system, and metabolic system. The procedure helps restore the patient’s bone marrow and blood cells. The global HSCT market is driven by the increasing incidence of blood cancer such as leukemia, lymphoma, and myeloma across the world.
The global hematopoietic stem cell transplantation (HSCT) market is estimated to be valued at US$ 2.88 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030. Key players operating in the HSCT market are Pluristem Therapeutics Inc., CellGenix GmbH, Regen Biopharma Inc., Lonza Group, Kiadis Pharma, Taiga Biotechnologies, Inc., Takeda Pharmaceutical Company Limited, Escape Therapeutics, Inc., Bluebird Bio, Inc., Talaris Therapeutics, Inc., Marker Therapeutics Inc., Stempeutics Research Pvt Ltd., CBR Systems Inc., Priothera Ltd., Eurobio Scientific Group, Otsuka America Pharmaceutical, Inc., Pfizer Inc., Sanofi, FUJIFILM Holdings Corporation.
Key Takeaways
Key players: Key players operating in the HSCT market are Pluristem Therapeutics Inc., CellGenix GmbH, Regen Biopharma Inc., Lonza Group, Kiadis Pharma, Taiga Biotechnologies, Inc., Takeda Pharmaceutical Company Limited, Escape Therapeutics, Inc., Bluebird Bio, Inc., Talaris Therapeutics, Inc., Marker Therapeutics Inc., Stempeutics Research Pvt Ltd., CBR Systems Inc., Priothera Ltd., Eurobio Scientific Group, Otsuka America Pharmaceutical, Inc., Pfizer Inc., Sanofi, FUJIFILM Holdings Corporation.
Key opportunities: The HSCT market is expected to witness lucrative opportunities due to rising investments in R&D for advanced cell therapies and growing public-private partnerships for clinical trials.
Global expansion: The major players in the HSCT market are focused on expansion in fast-growing markets of Asia Pacific and Middle East & Africa. The increasing healthcare expenditures and rising awareness about HSCT procedures in these regions provide huge business opportunities.
Market drivers: The key driver for the HSCT market growth is the rising prevalence of blood cancer globally. According to stats, nearly 1 million new cases of leukemia, lymphoma, myeloma and other blood cancers are diagnosed annually worldwide. This growing cancer incidence is positively impacting the demand for HSCT procedures.
PEST Analysis
Political: The government policies regarding funding for stem cell research and regulations for clinical trials impact the market. Regulations vary in different regions.
Economic: The rising healthcare expenditure and increasing investment in stem cell therapy drive the market growth. Higher treatment costs for HSCT procedures can restrain the market.
Social: Increasing incidence of blood cancers and growing awareness about stem cell transplantation boosted the demand. Social stigma and ethical issues surrounding stem cell sourcing challenge the market.
Technological: Advancements in stem cell storage and processing techniques enhance success rates and accessibility. Developments in ex-vivo gene therapy and induced pluripotent stem cells widen the application scope.
In terms of value, the North American region dominates the market currently. The availability of sophisticated healthcare infrastructure, high healthcare spending, and presence of major market players in the US and Canada contribute to its large share.
The Asia Pacific region is poised to be the fastest growing market for hematopoietic stem cell transplantation during the forecast period. Rapidly developing healthcare systems, increasing awareness about advanced treatment options, rising disposable incomes, and expansions of international market players drive the market growth in the region. India, China, and Japan are likely to provide significant opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
