New York, NY -- (SBWIRE) -- 05/21/2019 -- The global stem cell therapy market is predicted to be dominated by countries such as North America and other regions like Asia; this can be credited to factors such as the advancement in technology, the growing need of stem cell therapy products, the availability of government and private funding for research on stem cell and the highly developed healthcare system.

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There are certain types of human cells that have the ability to develop into various cell types such as muscle cells, brain cells they also have the unique ability to repair damaged tissue. These cells are what are commonly referred to as stem cells; they are divided into two major categories namely: embryonic stem cells and adult stem cells. The embryonic stem cell that is being used to conduct research today came from unused embryos resulting from an in vitro fertilization process which was later donated to science. These embryonic stem cells are pluripotent this basically means that they can turn into more than one type of cell. There are two types of adult stem cells- one of the types comes from fully developed tissues, such as the brain, the skin, and even bone marrow. The second type is induced pluripotent stem cells. These are adult stem cells that have been manipulated in a laboratory to take on the characteristic of embryonic stem cells which enables them to turn into more than one type of cell.

The increasing patient awareness and health care expenditure, technological advancements in the stem cell therapy arena, and the rise in the number of patients with genetic disorders, and the need for regenerative medicine are also major factors that are driving the global stem cell therapy market. At the same time, the ethical issues related to stem cells is likely to restrain the market to a certain extent, the huge costs involved with the research of stem cell therapy may also contribute to restraining the market.

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What are Key Points for Stem Cell Therapy Market?

- GLOBAL STEM CELL THERAPY MARKET - ANALYSIS & FORECAST, BY THERAPEUTIC APPLICATION
- GLOBAL STEM CELL THERAPY MARKET - ANALYSIS & FORECAST, BY REGION
- Rest of the World (ROW) Stem Cell Therapy Market
- COMPETETIVE LANDSCAPE
- MARKET DYNAMICS ASSESMENT

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