The Cancer Stem Cell (CSC) Therapeutics Market has been growing rapidly, with a market size of USD 971.1 million in 2021 and a revenue CAGR of 9.5% expected during the forecast period. The growth is attributed to advancements in the biotechnology industry, rising demand for cell and gene therapies, increased stem cell-based clinical trials, and support of stem cell research by public and private organizations.
Governments, such as the Indian government, have funded stem cell research through organizations such as the Indian Council for Medical Research (ICMR) and the Department of Biotechnology (DBT). This study has led to the development of innovative facilities in more than 40 prestigious health research and educational institutions in India.
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The need for cell and gene therapies, the acceptance of cancer stem cell therapy as a means of delivering anti-cancer drugs and regenerating damaged tissues, and increasing clinical trials of cancer stem cell-based therapeutics are key factors driving revenue growth. Additionally, improved healthcare infrastructure, rapid urbanization and digitization, higher levels of awareness, more intensive Research and Development (R&D), and increased investments are contributing to revenue growth of the cancer stem cell treatment market.
The ethical concerns surrounding embryonic stem cells pose a restraint to the growth of the market. There are debates surrounding the limitless differentiation potential of Induced Pluripotent Stem Cells (iPSCs), which poses a risk for producing human embryos and human-animal chimeras and can be exploited for human cloning. Furthermore, radiation therapy, which is used to identify many forms of cancer, can damage blood-forming and leukocyte cells, necessitating hematopoietic stem cell transplantation, which is expensive and not accessible to all.
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The global cancer stem cell therapeutics market has been segmented into cell culturing, cell separation, cell analysis, molecular analysis, and others. The cell culturing segment is expected to account for the largest revenue share over the forecast period. Three-dimensional (3D) cell culture models have been built to recreate the in-vivo environment for cancer stem cells outside the body. Recent advances in biotechnology have made 3D cell cultures one of the most promising tools for understanding how Cancer Stem Cells (CSCs) function at the molecular level.
Based on cancer type, the breast cancer segment is expected to account for the largest revenue share over the forecast period. Breast cancer has many known risk factors, including aging, hormonal changes, and genetics/family history. It has been identified as one of the illnesses that affect women frequently across the globe.
In conclusion, the global cancer stem cell therapeutics market is growing at a rapid pace, driven by advancements in the biotechnology industry, rising demand for cell and gene therapies, and support of stem cell research. The ethical concerns surrounding embryonic stem cells and the high cost of hematopoietic stem cell transplantation are significant restraints to the market's growth. The cell culturing segment and the breast cancer segment are expected to account for the largest revenue shares over the forecast period.
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