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The hematopoietic stem cell transplantation (HSCT) market is estimated to be valued at US$ 2.88 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period from 2023 to 2030. HSCT involves transplantation of healthy stem cells to replace damaged or destroyed bone marrow. It is widely used for conditions like blood cancers, blood disorders, genetic disorders and autoimmune diseases. HSCT offers advantages like restoring the patient’s immune system and providing a lifelong cure for certain conditions. Growing prevalence of diseases indication HSCT therapies and emergence of novel therapies are anticipated to propel the market growth during the forecast period.
The Global hematopoietic stem cell transplantation (HSCT) Market is estimated to be valued at US$ 2.88 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the hematopoietic stem cell transplantation (HSCT) are Pluristem Therapeutics Inc., CellGenix GmbH, Regen Biopharma Inc., Lonza Group, Kiadis Pharma, Taiga Biotechnologies, Inc., Takeda Pharmaceutical Company Limited, Escape Therapeutics, Inc., Bluebird Bio, Inc., Talaris Therapeutics, Inc., Marker Therapeutics Inc., Stempeutics Research Pvt Ltd., CBR Systems Inc., Priothera Ltd., Eurobio Scientific Group, Otsuka America Pharmaceutical, Inc., Pfizer Inc., Sanofi, FUJIFILM Holdings Corporation.
The global HSCT market is experiencing significant growth owing to the growing demand for novel HSCT therapies for treating various cancers and hematological diseases. Emerging evidence supporting the efficacy of HSCT in autoimmune disorders is further fueling the adoption.
The increasing emphasis on global expansion through mergers, acquisitions and collaborations by leading industry players is a major trend in the HSCT market. For instance, in 2023, Sana Biotechnology partnered with Boston Children’s Hospital to develop novel HSCT therapies for genetic diseases. This reflects growing opportunities and investments in new geographic regions and areas of specialization.
Market Key Trends
Alternative stem cell sources is a key trend gaining traction in the HSCT market. Umbilical cord blood is emerging as a promising alternative to bone marrow due to advantages like immediate availability and reduced risk of complications. Novel sources being explored include induced pluripotent stem cells and human embryonic stem cells. Their potential ability to generate unlimited donor cells while avoiding ethical and availability issues can enhance treatment access and outcomes in future.
Porter’s Analysis
Threat of new entrants: Low barrier of entry for treatment centers but high costs for R&D of new procedures and therapies.
Bargaining power of buyers: Buyers have medium bargaining power as treatment options are limited and life saving.
Bargaining power of suppliers: Suppliers have medium bargaining power as they supply rare stem cells and specialized equipment, reagents, logistics services.
Threat of new substitutes: Low threat as no close substitutes currently available for HSCT though gene therapies hold promise in future.
Competitive rivalry: Intense competition among existing players to develop new procedures, stem cell sources and ramp up treatment facilities.
Geographical Regions
North America currently accounts for the largest share of the global HSCT market in terms of value due to established healthcare infrastructure, availability of reimbursements, growing awareness about HSCT, and increasing funding from government and private bodies for stem cell research.
Asia Pacific is poised to be the fastest growing regional market for Hematopoietic Stem Cell Transplantation (HSCT) Market. Rising investments by both public and private players to set up HSCT treatment centers along with constantly improving healthcare facilities are driving the market growth in Asia Pacific region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
