The Middle East stem cell market size is anticipated to reach USD 1.14 billion by 2030, growing at a CAGR of 7.56% during the forecast period. The rising prevalence of chronic diseases such as cancer and diabetes, rising awareness about the benefits of stem cell therapies, favorable government initiatives and investments, and a growing demand for regenerative medicine. The advancements in stem cell research and technology are also expected to drive the market growth. For instance, in September 2023, Abu Dhabi Stem Cells Center, a subsidiary of PureHealth manufactured UAE's inaugural CAR-T cells for treating leukemia in an 11-year-old boy. The development of engineered CAR-T cell therapies signifies an advancement in the treatment of blood cancers.
Collaboration initiatives drive the major Middle East stem cell market by fostering knowledge sharing, interdisciplinary collaboration, access to resources, capacity building, commercialization, and international networking. By leveraging collaborative approaches, stakeholders in the Middle East can accelerate progress in stem cell research and therapy and position the region as a hub for innovation in regenerative medicine. For instance, in August 2020, In order to develop stem cell therapies for COVID-19, Pluristem (Haifa, Israel) collaborated with Abu Dhabi Stem Cells Center (UAE). The collaboration fosters knowledge sharing and scientific exchange between Israel and the UAE, contributing to advancements in the field of stem cells.
COVID-19 has led to various challenges and opportunities, reshaping the landscape of stem cell research and therapy in the region. Initially, the outbreak caused disruptions in stem cell research activities, with laboratories closing or operating at reduced capacity due to lockdowns and safety measures. Clinical trials involving stem cell therapies faced delays or suspensions, affecting the progression of research projects. However, the pandemic also highlighted the importance of stem cell therapies in addressing critical health challenges. Researchers and clinicians redirected their efforts toward exploring the potential of stem cells in combating COVID-19 and its complications. Stem cell-based treatments, such as mesenchymal stem cell therapy, emerged as potential interventions for mitigating severe symptoms and promoting recovery in COVID-19 patients.
The lack of a comprehensive and harmonized regulatory framework for stem cell research and therapy in Middle East poses a significant challenge. Varied regulations and ethical considerations in different countries within the region create complexities for researchers, clinicians, and industry stakeholders. There needs to be more widespread understanding and awareness about stem cell research and its potential applications among the public in the Middle East. Misconceptions and ethical concerns surrounding stem cell therapy may hinder acceptance and adoption, leading to reluctance from patients and healthcare providers. Stem cell research and therapy need more infrastructure and expertise to advance scientific discoveries and translate them into clinical applications. The availability of state-of-the-art facilities, skilled personnel, and collaborations with international experts are crucial for fostering innovation in the field.
Collaboration initiatives drive the major Middle East stem cell market by fostering knowledge sharing, interdisciplinary collaboration, access to resources, capacity building, commercialization, and international networking. By leveraging collaborative approaches, stakeholders in the Middle East can accelerate progress in stem cell research and therapy and position the region as a hub for innovation in regenerative medicine. For instance, in August 2020, In order to develop stem cell therapies for COVID-19, Pluristem (Haifa, Israel) collaborated with Abu Dhabi Stem Cells Center (UAE). The collaboration fosters knowledge sharing and scientific exchange between Israel and the UAE, contributing to advancements in the field of stem cells.
COVID-19 has led to various challenges and opportunities, reshaping the landscape of stem cell research and therapy in the region. Initially, the outbreak caused disruptions in stem cell research activities, with laboratories closing or operating at reduced capacity due to lockdowns and safety measures. Clinical trials involving stem cell therapies faced delays or suspensions, affecting the progression of research projects. However, the pandemic also highlighted the importance of stem cell therapies in addressing critical health challenges. Researchers and clinicians redirected their efforts toward exploring the potential of stem cells in combating COVID-19 and its complications. Stem cell-based treatments, such as mesenchymal stem cell therapy, emerged as potential interventions for mitigating severe symptoms and promoting recovery in COVID-19 patients.
The lack of a comprehensive and harmonized regulatory framework for stem cell research and therapy in Middle East poses a significant challenge. Varied regulations and ethical considerations in different countries within the region create complexities for researchers, clinicians, and industry stakeholders. There needs to be more widespread understanding and awareness about stem cell research and its potential applications among the public in the Middle East. Misconceptions and ethical concerns surrounding stem cell therapy may hinder acceptance and adoption, leading to reluctance from patients and healthcare providers. Stem cell research and therapy need more infrastructure and expertise to advance scientific discoveries and translate them into clinical applications. The availability of state-of-the-art facilities, skilled personnel, and collaborations with international experts are crucial for fostering innovation in the field.
Middle East Stem Cell Market Report Highlights
- Adult Stem Cells (ASCs) dominated the product segment with 81.65% share in 2023 owing to the increasing prevalence of chronic diseases in adults
- The regenerative medicine application segment held the larger market share in 2023. On the other hand, the drug discovery and development segment is expected to grow at a higher CAGR during the forecast period.
- In 2023, cell acquisition dominated the technology segment and Cell production is expected to at the significant CAGR over the forecast period
- In 2023, allogenic dominated the therapy segment and autologous are expected to at the significant CAGR from 2024 to 2030
- Pharmaceutical and biotechnology companies dominated the end-user segment with the largest share in 2023.
- Saudi Arabia dominated the stem cell market in Middle East with a share of 41.96% owing to factors such as the high purchasing power parity, government support for quality healthcare, and availability of reimbursement.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope
Chapter 4. Middle East Stem Cell Market: Product Business Analysis
Chapter 5. Middle East Stem Cell Market: Application Business Analysis
Chapter 6. Middle East Stem Cell Market: Technology Business Analysis
Chapter 7. Middle East Stem Cell Market: Therapy Business Analysis
Chapter 8. Middle East Stem Cell Market: End-user Business Analysis
Chapter 9. Middle East Stem Cell Market: Country Estimates & Trend Analysis by Product, Application, Technology, Therapy, & End-user
Chapter 10. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Thermo Fisher Scientific, Inc.
- STEMCELL Technologies Inc.
- Merck KGaA
- CellGenix GmbH
- Takara Bio
- Lonza
- Cellartis AB
- ATCC
- AcceGen
- Cell Applications, Inc.
- Bio-Techne
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 90 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 694 Million |
Forecasted Market Value ( USD | $ 1146.2 Million |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Middle East |
No. of Companies Mentioned | 11 |