Stem Cell Manufacturing Market Growth - Global Industry Analysis by Size, Share and Forecast 2021 – 2027
Stem Cell Manufacturing Market 2021 The global Stem Cell Manufacturing Market Growth is estimated to be valued at USD 17,469.6 million by 2023 and is expected to register a CAGR of 17.5% during the forecast period. Stem cell manufacturing is a process of culturing the cells obtained from bone marrow or peripheral blood cells. Stem cells have the unique ability to develop into specialized cell types in the body. Because of this property, these cells are used during drug development to check the drug performance and as cell therapy to repair or replace the damaged cells and tissues using regenerative medicines. The increasing use of stem cells to treat various diseases, an increasing number of stem cell organizations globally and increasing public-private investments and funding in stem cell-based research boost the market growth. However, factors such as the availability of less food and drug administration-approved stem cell treatment products, risks related to unproven stem ce