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This surge in cancer incidence has generated a heightened demand for more efficacious treatments. Furthermore, cancer stem cells therapy have been identified as key players in tumor recurrence following initial treatments. Therapies that target these specific cells aim to diminish the likelihood of cancer coming back post-surgery, chemotherapy, or radiation therapy.
Global market for cancer stem cells therapy was worth USD 4.4 billion in revenue in 2022 and may record USD 12 billion by end of 2032 due to the increasing cases of cancer along with the growing private and public initiatives
North America industry size is expected to grow at 10% CAGR from 2023-2032 owing to presence of exceptionally advanced healthcare infrastructure, featuring state-of-the-art hospitals, research institutions, and biotechnology companies
The breast type cancer segment accounted for 24.4% of the market share in 2022 propelled by the increased funding and public awareness
Gamida Cells, AbbVie Inc, Astellas Pharma Inc, Novadip Biosciences, ReNeuron Group plc, Celyad, Adna GmBH, Thermo Fisher Scientific, Genentech Inc, and Merck KGaA are some of the major cancer stem cells therapy firms