Data Bridge Market Research analyses that the placental stem cells (PSCS) market which is USD 1 billion in 2022, is expected to reach USD 4.91 billion by 2030, at a CAGR of 22% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Pluripotent stem cells (PSCs) have opened up new opportunities for the discovery and testing of therapeutic drugs and regenerative cellular therapies, contributing to our understanding of developmental biology. These cells are still not completely understood, despite the fact that PSC research has expanded quickly over the past 30 years, getting closer to therapeutic use. The widely acknowledged fundamental ideas of pluripotent stem cell (PSC) generation, characterisation and culture. Even though research has mostly eliminated the hazards and problems associated with the origination and culture of PSCs, ethical​​​​​​​ concerns still exist, and the development of induced pluripotent stem cells is helping to address them (iPSCs). Future pluripotent stem cell research and regenerative therapy will undoubtedly be influenced by the question of whether or not iPSCs and PSCs are actually identical.

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Market Definition

The term "pluripotent stem cells" (PSCs) refers to a class of cells that have the ability to differentiate into the majority. PSCs are useful tools for studying the biology of cells at the molecular level as well as for simulating diseases and the development of new drugs. Differentiated PSCs can be used to evaluate cardiac and hepatic toxicity, two key contributors to the morbidity and mortality linked to pharmaceutical use that generate attrition in the pipeline for developing new drugs.

Placental Stem Cells (PSCS) Market Dynamics

Drivers

Recent advancements
As stated previously, improvements in approaches for directed differentiation, cell tracking, gene function analysis, and gene correction have been made possible by recent rapid developments in the genetic engineering of hPSCs. The nuclease-based technologies, such as ZFNs, TALENs, and CRISPR/Cas9, promise to simplify and improve genetic modifications in hPSCs and their offspring through their high success rates and ease of design.

• Increasing funding for stem cell research projects

The demand for better and more advanced treatments for auto-immune, neurological and coronary heart disease has increased cell-based research funding and cumulative research efforts. For instance, in June 2021, $6.3 million was granted to the University of Sydney for three initiatives that address adult vision loss, cardiovascular events and expanding access to stem cell interventions. The California Institute for Regenerative Medicine granted Stanford physician-researchers approximately $31 million in the same year to start first-in-human trials of stem treatments for treating stroke, heart failure, and a particular form of brain and spinal cord malignancy. These are some of the elements driving the market's expansion.

Opportunities

Rising number of product launches
The market is anticipated to be driven by an increase in product releases by major industry participants during the forecast period. For instance, in August 2017, the healthcare services company LifeCell unveiled an enhanced umbilical cord-stem cell collection kit that safeguards neonatal stem cells from environmental deterioration and temperature changes.

Some of the major players operating in the placental stem cells (PSCS) are:

CBR Systems, Inc (U.S.)
Cordlife India (India)
Cryo-Cell International, Inc. (U.S.)
ESPERITE N.V. (Netherlands)
LifeCell International Pvt. Ltd. (India)
StemCyte India Therapeutics Pvt. Ltd (India)
PerkinElmer Inc (U.S.)
Global Cord Blood Corporation (Hong Kong)
Smart Cells International Limited (U.K.)
Vita 34 (Germany)
Induced Pluripotent Stem Cells (iPSCs) Market – Industry Trends and Forecast to 2029

Placental Stem Cells (PSCS) Market – Industry Trends and Forecast to 2030

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