Seattle, WA -- (SBWIRE) -- 09/27/2019 -- Mesenchymal stem cells, also known as Mesenchymal Stromal Cells (MSCs), are multipotent stromal cells that can differentiate into various cells such as adipocytes, osteoblasts, and chondroblasts. These cells are isolated from the bone marrow initially, and then from various sources such as adipose tissue, molar cells, and cord cells. MSCs are smaller in size and are quite hard to observe in histological sections. A group of MSCs are called mesenchyme and is distributed in the body. These cells can multiply in number of specialized cells and can grow in in-vivo and in-vitro condition.
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The MSCs play a key role within an organism for suppression of immune cells activation, increase the number of newer cells, reduce cell death or cell damage in the body, and secretion of both neurotrophic and angiogenic factors. These factors are responsible for stabilization of extracellular matrix. When they are transplanted into the brain, these cells support the decrease of free radical levels and augment synaptic connections of damaged neurons, and also increase the myelination of axons. The mesenchymal cells can also replace and repair any damaged blood vessel in the cerebrum brain.
Global Mesenchymal Stem Cells Market Taxonomy
On the basis of product type, the global mesenchymal Stem Cells Market is segmented into:
- Human MSCs
- Mouse MSCs
- Rat MSCs
On the basis of application, the global mesenchymal Stem Cells Market is segmented into:
- Drug discovery and development
- Cardiovascular and myocardial infarction
On the basis of geography, the global mesenchymal Stem Cells Market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Increase in prevalence of osteoporosis and cancer incidences are expected to drive the global market growth
MSCs can grow new bone tissues through the bone surface, which have the ability to treat osteoporosis. According to the National Institute of Health (NIH), in 2015, around 53 million people were suffering from osteoporosis or at a high risk due to low bone mass in the U.S.
Moreover, according to Osteoporosis Canada, around 1 in 5 men and 1 in 3 women suffer from osteoporotic fracture during their lifetime, while osteoporosis causes around 70-90% of 30,000 hip fractures annually in Canada. According to the same source, the annual cost to Canada for treating osteoporosis was around US$ 4.0 billion in 2012, which is expected to increase in the near future. Furthermore, according to the International Osteoporosis Foundation (IOF), around 9 million people across the globe suffer from osteoporosis fractures annually. Therefore, these factors are expected to drive the global mesenchymal stem cells market growth during the forecast period.
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North America and Asia Pacific are expected to hold significant market share followed by Europe. This is owing to rapid growth in technological innovations, the well-equipped healthcare centers, and high disposable incomes, which will eventually drive growth of global mesenchymal stem cells market over the forecast period. Furthermore, implantation of new mesenchymal stem cells in cancer patients is expected to enhance growth the market in the near future.
According to the World Health Organization (WHO), in 2012, around 14 million cases of cancer were registered globally and around 8.8 million deaths were accounted in 2015; According to the same source, in 2012, Europe witnessed over 3.7 million cases of cancer and around 8.3 million deaths in. Furthermore, according to National Center for Biotechnology Information (NCBI), in 2012, in Asia Pacific, breast cancer in females was found to be around 18.0% and it was the fourth most cause for around 9% death due to cancer in the region.
Global Mesenchymal Stem Cells Market Players
Major market players involved in the global mesenchymal stem cells market are, Pluristem Therapeutics, LonzaThermo, Fisher, ATCC, Bio-Techne, MilliporeSigma, Genlantis, Celprogen, Cell Applications, PromoCell GmbH, Cyagen Biosciences, Human Longevity Inc., Axol Bioscience, Cytori Therapeutics, Eutilex Co.Ltd., ID Pharma Co. Ltd., BrainStrom Cell Therapeutics, Cytori Therapeutics Inc., Neovii Biotech, Angel Biotechnology, California Stem Cell Inc., Stemcelltechnologies Inc., and Celgene Corporation Inc.
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