India Mesenchymal Stem Cells Market Size & Outlook
India mesenchymal stem cells market, 2018-2030 (US$M)
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India mesenchymal stem cells market highlights
- The India mesenchymal stem cells market generated a revenue of USD 77.5 million in 2023 and is expected to reach USD 195.4 million by 2030.
- The India market is expected to grow at a CAGR of 14.1% 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 77.5 million |
| Market revenue in 2030 | USD 195.4 million |
| Growth rate | 14.1% (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, India accounted for 2.5% 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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India 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 76.26% in 2023. Horizon Databook has segmented the India mesenchymal stem cells market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
India is anticipated to witness healthy growth in the adoption & development of MSC therapies due to changing market demand in the country. With the need for regulatory processes and rigorous clinical trials for developing effective & safe stem cell therapies, the Indian Council of Medical Research (ICMR) updated its guidelines on stem cell research in 2017.
This increased the adoption & performance of clinical trials based on MSCs in the country by accelerating innovation and research in this arena. For instance, in January 2021, the Indian Council of Medical Research published guidelines for hematopoietic cell transplantation.
The purpose of the guideline is to build strong foundation for physicians on the policies and protocols of hematopoietic cell transplantation. It also includes guidelines for processing, handling, & preserving stem cells and follow-up of patients after the transplantation.
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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 India mesenchymal stem cells market , including forecasts for subscribers. This country databook contains high-level insights into India mesenchymal stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India mesenchymal stem cells market size, by product & services, 2018-2030 (US$M)
India Mesenchymal Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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