China Mesenchymal Stem Cells Market Size & Outlook
China mesenchymal stem cells market, 2018-2030 (US$M)
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China mesenchymal stem cells market highlights
- The China mesenchymal stem cells market generated a revenue of USD 152.6 million in 2023 and is expected to reach USD 439.0 million by 2030.
- The China market is expected to grow at a CAGR of 16.3% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & services in 2023.
- Services is the most lucrative product & services segment registering the fastest growth during the forecast period.
Mesenchymal stem cells market data book summary
| Market revenue in 2023 | USD 152.6 million |
| Market revenue in 2030 | USD 439.0 million |
| Growth rate | 16.3% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, STEMCELL Technologies, Merck KGaA, Lonza Group Ltd, PromoCell GmbH, Cyagen Biosciences, Stemedica Cell Technologies, Axol Bioscience, Celprogen, Cellcolabs, Visual Photonics Epitaxy |
Other key industry trends
- In terms of revenue, China accounted for 4.9% of the global mesenchymal stem cells market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mesenchymal stem cells market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 439.0 million by 2030.
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Mesenchymal Stem Cells Market Scope
Mesenchymal Stem Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
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China mesenchymal stem cells market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mesenchymal stem cells market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 76.15% in 2023. Horizon Databook has segmented the China mesenchymal stem cells market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
China is anticipated to witness the fastest growth in the MSCs market during the forecast period. This is due to the growing scope of MSC R&D and numerous scientific advancements in medical applications. For instance, in May 2021, a study published by the National Library of Medicine stated that there are approximately 13 well-established stem cell research centers with over 400 PhD-level professionals.
In March 2020, 36 clinical trials based on MSCs are either in planning or recruiting phases to treat COVID19 patients. Such an increasing number of clinical trials is anticipated to accelerate the adoption of MSCs in the country. To support the use of MSCs, the Chinese Medical Association and the Chinese Society for Cell Biology have jointly published guidelines to standardize clinical research & application of stem cell therapy against COVID-19.
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Our clientele includes a mix of mesenchymal stem cells market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China mesenchymal stem cells market , including forecasts for subscribers. This country databook contains high-level insights into China mesenchymal stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China mesenchymal stem cells market size, by product & services, 2018-2030 (US$M)
China Mesenchymal Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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