Animal Stem Cell Therapy Market to Grow with a CAGR of 6.06% through 2028
Expanding pet
ownership, scientific advancements, and diversification of applications are
expected to drive the Global Animal Stem Cell Therapy Market growth in the forecast
period, 2024-2028.
According to
TechSci Research report, “Animal Stem Cell Therapy Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Animal Stem Cell Therapy Market stood at USD 210.25 million in 2022
and is anticipated to grow with a CAGR of 6.06% in the forecast period,
2024-2028. This can be attributed to economic viability in livestock farming. In
the agriculture sector, the use of stem cell therapy has shown promise in enhancing
the health and productivity of livestock animals. Farmers and ranchers are
increasingly interested in stem cell applications to address issues like
lameness, reproductive disorders, and disease resistance in their herds.
Moreover, the
global nature of the animal stem cell therapy market is leading to market
expansion beyond traditional hubs. Developing regions are witnessing increased
adoption of these therapies as awareness grows, contributing to a more
widespread market presence.
Animal stem cell
therapy encompasses the utilization of an animal's own stem cells as a means to
treat specific diseases or disorders. Stem cells possess the unique ability to
divide and specialize into cells with distinct functions, making them
invaluable for repairing bodily tissues that have been compromised by illness
or injury. The procedure for animal stem cell therapy involves a three-step
process, starting with the collection of stem cell samples from the animal and
their subsequent concentration. Subsequently, these concentrated stem cells are
introduced into the afflicted area for treatment. This therapeutic approach not
only extends the life expectancy of animals but also minimizes adverse effects.
It is applicable for addressing degenerative joint disorders, arthritis, as
well as tendon and ligament injuries in various animal species, including cats,
dogs, and horses. Furthermore, recent advancements have expanded the scope of
animal stem cell therapy to encompass species such as pigs, tigers, and others.
Researchers are also exploring the potential of animal stem cell therapy in
treating a range of conditions, including kidney, inflammatory bowel, liver,
heart, and immune-mediated diseases.
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The Global Animal
Stem Cell Therapy Market is segmented into type, application, regional
distribution, and company.
Based on its type,
Dogs Stem Cell Therapy is poised to dominate the Global Animal Stem Cell
Therapy Market in 2022 for several compelling reasons. Firstly, the growing
awareness and concern for pet health and longevity has led to an increased
demand for innovative treatments, and stem cell therapy offers a promising
solution for a wide range of canine ailments. Additionally, dogs, being one of
the most popular pets worldwide, represent a substantial market in themselves.
The proven efficacy of stem cell therapy in treating various canine conditions,
including osteoarthritis and degenerative diseases, further bolsters its
potential dominance. Furthermore, advancements in research and development,
along with a burgeoning number of veterinary clinics offering these services,
are making the treatment more accessible to pet owners. As a result, Dogs Stem
Cell Therapy is positioned to lead the way in the global animal stem cell
therapy market, addressing the growing need for effective and compassionate
care for our four-legged companions.
Based on region,
North America is poised to dominate the Global Animal Stem Cell Therapy Market in
2022 for several compelling reasons. Firstly, the region boasts a highly
developed and well-regulated veterinary healthcare system, which fosters innovation
and ensures the safety and efficacy of stem cell therapies. Secondly, North
America's substantial pet ownership rates and a culture of proactive pet
healthcare have created a substantial market demand for advanced treatments
like stem cell therapy. Additionally, the presence of leading research
institutions, pharmaceutical companies, and veterinary hospitals dedicated to
animal health in North America accelerates the pace of innovation and the
adoption of stem cell therapies. Furthermore, a robust infrastructure for
clinical trials and a well-established network of veterinarians makes it easier
for pet owners to access these therapies. In summary, North America's
combination of strong market demand, research excellence, regulatory framework,
and accessibility positions it to dominate the global animal stem cell therapy
market.
Major companies
operating in Global Animal Stem Cell Therapy Market are:
- Ardent Animal Health
- Vet Stem Inc
- Medrego
- Vetbiologics
- VETHERAPY
- Celavie Biosciences
- Magellan Stem Cells
- Animal General
- Animal Cell Therapies, Inc.
- Cell Therapy Sciences Ltd
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“Global Animal
Stem Cell Therapy Market is experiencing a transformative phase marked by
diverse trends that are set to shape its future. From expanding therapeutic
applications to embracing personalized medicine and cutting-edge technologies,
these trends reflect the industry's commitment to advancing veterinary medicine
and improving the lives of animals worldwide. As science and innovation
continue to evolve, the animal stem cell therapy market is positioned to play a
pivotal role in revolutionizing animal healthcare,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Animal Stem Cell Therapy Market By Type (Dogs
Stem Cell Therapy, Horses Stem Cell Therapy), By Application (Veterinary
Hospitals, Research Organizations), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Animal Stem Cell Therapy Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Animal Stem Cell Therapy Market.
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