Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Animal Stem Cell Therapy Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 35.7% during the review period (2022 to 2027).
The global animal stem cell therapy market is expected to grow at a 35.7 percent compound annual growth rate (CAGR) from USD 187 million in 2021 to USD 401 million in 2027. Rising animal stem cell research efforts and increased approvals of GMP-certified facilities to generate stem cells are driving market growth. In the coming years, the growing need for iPSCs as an alternative to ESCs, as well as the expanding demand for cell and gene treatments, are projected to promote the expansion of this industry.
Increasing prevalence of disease in animals with a growing population and to increase the animal’s quality of life, the companies focus shifting towards animal stem cell therapies. Along with increasing government funding for the protection of animals and fast approvals of FDA contributing towards the rapid growth of animal stem cell therapy. The market is witnessing substantial growth owing to increasing prevalence of various animal diseases and growing demand for stem cell therapy treatment. In addition, rising awareness about the benefits of cell therapy among end users has led to an increase in the adoption of animal stem cell therapy in the treatment of various ailments.
The classification of animal stem cell therapy includes dogs, horses and others. And the proportion of dogs in 2017 is about 50.42%, and the proportion is in increasing trend from 2013 to 2017. North America is the largest consumption region of animal stem cell therapy, with a consumption market share nearly 58.63% in 2017. Japan is the second largest supplier of animal stem cell therapy, enjoying production market share nearly 15.17% in 2017.
The research in animal stem cells offers great promise for understanding underlying mechanisms of animal development; it gives great opportunities to treat a broad range of diseases and conditions in animals. Animal stem cell therapy is increasingly recognized as a critical translational model of human disease for treatment. All these factors act as drivers for the robust growth of the animal stem cell therapy market.
Industry Updates:
Animal Stem Cell Therapy Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
The Asia Pacific market accounted for the largest market share in 2016. This can be attributed to a large population base in countries such as China and India. The demand for animal stem cell therapy is expected to increase significantly in the Asia Pacific market due to the presence of government initiatives such as National Biotechnology Development Strategy (2010-2020) and Ministry of Agriculture's initiative on biotechnology of animals in China. The Americas are expected to have the highest growth rate from 2018 to 2025, closely followed by Europe.
All these factors greatly affect the Animal Stem Cell Therapy market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Animal Stem Cell Therapy Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Animal Stem Cell Therapy Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) |
CAGR of 35.7% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | Medivet Biologics LLC, VETSTEM BIOPHARMA, J-ARM, U.S. Stem Cell, Inc, VetCell Therapeutics, Celavet Inc., Magellan Stem Cells, Kintaro Cells Power, Animal Stem Care, Animal Cell Therapies, Cell Therapy Sciences |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Animal Stem Cell Therapy Market is studied from 2017 - 2027.
What is the growth rate of Animal Stem Cell Therapy Market?
The Animal Stem Cell Therapy Market is growing at a CAGR of 35.7% over the next 5 years.
Who are the key players in Animal Stem Cell Therapy Market?
Medivet Biologics LLC, VETSTEM BIOPHARMA, J-ARM, U.S. Stem Cell, Inc, VetCell Therapeutics, Celavet Inc., Magellan Stem Cells, Kintaro Cells Power, Animal Stem Care, Animal Cell Therapies, Cell Therapy Sciences
What region does this Animal Stem Cell Therapy Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Animal Stem Cell Therapy Market?
Veterinary Hospitals, Research Organizations, Others
What are the major end-use applications of Animal Stem Cell Therapy Market?
Dogs, Horses, Others.
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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