Stem cell therapies offer significant potential for treating numerous diseases and injuries. The market is projected to expand at a substantial rate over the next decade, with many public and private entities playing an active role in supporting and promoting stem cell-based research programmes. Since past few years, several researchers have performed experiments to determine the potential of stem cells leading to numerous applications in the fields of organ regeneration, treatment of genetic disorders, and oncology and cell therapy in damaged cells.
Increasing public awareness related to the therapeutic potency of stem cells in disease therapy, rising number of clinical trials that aim to evaluate the therapeutic potential of stem cell-based products, and growing patient base for target diseases such as cancer, neuro degenerative disorders, cardiovascular diseases, gastrointestinal diseases, and others are expected to fuel the market growth in the coming years.
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