Stem Cells Market was valued at USD 26.23 billion in 2013 and is expected to reach an estimated value of USD 119.51 billion in 2019, growing at a CAGR of 24.2% from 2013 to 2019.
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The market growth is majorly attributed to therapeutic research activities led by government support worldwide owing to the growing number of patients with chronic diseases across the globe. In addition, rising awareness of regenerative treatment options and growing importance of stem cell banking services are also fostering the growth of the market. Apart from these, development of medical tourism hubs in developing nations such as India and China and in turn migration of patients from developed nations such as the U.S., and Europe for quality treatment at significantly lower prices will also serve the market as a driver especially for the Asian stem cells market.
