According to ResearchAndMarkets.com, the global stem cell market is expected to register a CAGR of 6.3% during the forecast period of 2018-2023. It will reach USD 14.61 billion by 2023 from USD 10.75 billion in 2018.
This market is driven by many factors including the successful treatments with stem cells, their potential in regenerative medicine, growing R&D investments in stem cell research, reduced risk of tissue breakdown after transplantation.
Stem cells guard your health
This high-efficiency therapy gives people a chance to live a healthy or healthier life, enjoy this amazing world, implement their plans, and achieve new goals. Learn how stem cells helped the following people to recover and opened new bright opportunities to them.
Dee's story
Having undergone twenty-four angioplasties, Dee Coats, a heart patient from sunny California, was in despair in May 2005 when her cardiologist told that she needed another surgery. The woman refused to give up the fight and began to search for alternative methods of treatment. And she found it! The stem cell therapy helped Dee to become healthy and forget about her disease. Twelve years after the therapy, Dee enjoys a happy and full life.
Ahmed's story
Ahmed's newborn sister saved his life thanks to her stem cells. The boy was suffering from thalassemia major. When his parents knew that they had a chance to treat their older son using the cord blood of their soon-to-be-born daughter, they did not hesitate and gave their consent to such a procedure. It took six months to see a result. Ahmed made a full recovery. Now, this cheerful boy goes to school, plays with his friends, and leads a full life of a healthy person.
Sasha's story
Sasha Browne was born with cerebral palsy. Her prudent parents decided to take and froze her umbilical cord blood to use it in the future if required. When she was three years old, Sasha participated in the very first stem cell treatment trial to cure this insidious disease. Thanks to this innovative therapy, the girl received a chance to see, speak, and walk.
In spite of the brilliant results, this promising and lifesaving treatment is still inaccessible to the overwhelming majority of people. Only citizens of developed countries and rich people can afford it. According to CBC Canada, the cost of stem cell treatment is USD 5,000 to USD 8,000 per procedure. And needless to say that people often need to undergo several sessions.
Therefore, the less advantaged population has to refuse the stem cell therapies due to their expensiveness and fall back on conventional methods of treatment that are more available but complex, painful (e.g. angioplasty), and less effective. However, it may change soon because Stem Cell Project offers a solution.
The motto of Stem Cells project launched by a group of Japanese specialists is “Making Regenerative Medicine Global.” The project plans to achieve this goal by creating its own Cell Bank, a repository in which stem cells will be stored and used when the time comes. Besides, the project specialists will work on the stem cell pharmaceuticalization, a special technology of quick and accurate production of stem cells, which also should help to optimize the treatment costs.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/stem-cells-stories-driven-by-ai-blockchain/
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Topic: Stem Cells: Stories of Hope Driven by AI and Blockchain (Read 785 times)