The major factors driving the growth of the market are expanding number of clinical trials of stem cell therapies, rise in stem cell research funding and and growing number of GMP-certified cell therapy production facilities. However, high costs associated with the development of stem cell therapy and treatment is anticipated to hamper the market growth in coming years.

The report Stem Cell Therapy Market is projected to reach USD 615 million by 2028 from USD 286 million in 2023, at a…