Thailand Mesenchymal Stem Cells Market Size & Outlook
Thailand mesenchymal stem cells market, 2018-2030 (US$M)
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Thailand mesenchymal stem cells market highlights
- The Thailand mesenchymal stem cells market generated a revenue of USD 13.5 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7% 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 13.5 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 7% (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, Thailand accounted for 0.4% 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 |
|---|
Thailand 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 76.3% in 2023. Horizon Databook has segmented the Thailand mesenchymal stem cells market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand has been actively developing its biopharmaceutical industry, and cell therapy is one of the key areas in focus. The country has been investing in R&D, creating favorable policies, and building infrastructure to support the growth of the sector.
In March 2023, MEDEZE Group initiated a new collaboration in stem cell research with Ratchaphruek Hospital. They highlighted the intriguing technology for storing stem cells derived from adipose tissue, specifically MSCs.
The innovative methods of sorting and cultivating stem cells from adipose tissue present an opportunity to establish superior stem cell storage. Hence, various novel collaborations are anticipated to boost the market growth in Thailand.
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Target buyers of Thailand mesenchymal stem cells market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand mesenchymal stem cells market , including forecasts for subscribers. This country databook contains high-level insights into Thailand mesenchymal stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand mesenchymal stem cells market size, by product & services, 2018-2030 (US$M)
Thailand Mesenchymal Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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