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North America Stem Cell Market Forecast 2021-2028

The North America stem cell market is expected to grow with a CAGR of 7.69%, during the forecast years of 2021 to 2028. The region's market growth is accredited to the rising number of chronic diseases like cancer, and the increasing investments in research and development activities.

The North America stem cell market is assessed by analyzing Canada and the United States. Canada is among the leading nations, particularly in terms of stem cell research. Besides, the country's researchers have now introduced stem cell therapy in healthcare, therefore saving numerous lives. According to the 2019 report by the Heart and Stroke Foundation, nearly 62,000 people are affected by a stroke in Canada, annually, with the number projected to increase. Additionally, at least 405,000 people in the country live with the aftermath of strokes.
On the other hand, the rate of people dying in hospitals within 90 days of being admitted is more than seven times higher among individuals suffering from heart conditions and heart failure. Likewise, the high incidence rate of heart diseases generates the opportunity of developing new and effective stem cell therapies for treating them.
The COVID-19 outbreak is among the predominant factors promoting Canada's market growth. For instance, Vancouver's stem cell technologies offer critical assistance for accelerating the vaccine's production against the novel coronavirus. Therefore, these factors are anticipated to drive the country's stem cell market growth over the forecast period.

Some of the leading companies operating in the market include, Becton, Dickinson and Company (BD), StemCell Technologies, Thermo Fisher Scientific Inc, AllCells LLC, etc.

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North America Stem Cell Market Forecast 2021-2028
Published By :Inkwood Research
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