Cancer Stem Cell Market Size, Share & Trends Analysis Report By Method of Action (Targeted Cancer Stem Cells, Stem Cell-Based Cancer Therapy), By Application (Blood Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Breast Cancer, Cervical Cancer, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global market for cancer stem cells is projected to increase from USD 1.8 billion in 2021 to USD 5.6 billion in 2030, at a compound annual growth rate (CAGR) of 15.8% over the period between 2022 and 2030. 

Cancer stem cells are a tiny, resilient fraction of tumour cells that resemble normal stem cells in the human body, hence their name. They are capable of continual reinvention and differentiation. In recent years, it has been increasingly apparent that they contribute to the genesis and progression of tumours, as well as their recurrence and metastasis. These stem cells, also known as tumor-initiating cells, are exceedingly resistant and frequently survive chemotherapy and radiation therapy unharmed. After a specific period of time, cancer stem cells can revive. They subsequently cause new aggressive metastases that are difficult to treat and eventually lethal.

Stem cell therapy's expanding use in cell transplantation and the treatment of malignancies such as leukaemia, lymphoma, multiple myeloma, and neuroblastoma is driving market expansion.

According to the International Agency for Research on Cancer (IARC), approximately 19,2 million new malignancies will be diagnosed worldwide in 2020, with around 10 million people dying from cancer.

Increasing incidences of cancers such as blood cancer, lung cancer, colon cancer, prostate cancer, breast cancer, and cervical cancer influence the expansion of the cancer stem cell market. Stem cell clinical trials and financing for stem cell research are driving market expansion.

Market Dynamics

Market Drivers

A rise in the incidence and death rate of cancer worldwide, as well as increased R&D activities connected to the development of these medicines, are important factors fuelling market expansion. The rising global incidence of cancer has heightened the demand for a safe and effective treatment that will eradicate all cancer cells in the body while decreasing the patient's risk of relapse or metastasis. As a result, both cancer research and funding for treatment technology innovation are increasing. As R&D activities rise, researchers will gain a better knowledge of CSCs and how these cells might be used as targets to improve the efficacy of conventional cancer treatments.

According to the International Agency for Research on Cancer (IARC), approximately 19,2 million new malignancies will be diagnosed worldwide in 2020, with around 10 million people dying from cancer.

Lung cancer was the most prevalent cancer diagnosis and cause of death among newly diagnosed cancer cases in 2020, with the highest mortality rate for both men and women; however, breast cancer is the most prevalent cancer diagnosis and cause of death among women, accounting for approximately 12 percent of cancer deaths in females. Additionally, it was observed that stomach and liver cancer patients had the lowest survival rates.           

Market Restraint

According to DVCStems and BioInformant, stem cell therapy costs between $5,000 and $8,000 per patient for simple procedures and above $25000 for complex ones. People from the middle and lower middle classes cannot use this technology due to economic disparities in the population. Moreover, disparities in the diagnosis and treatment of cancer through stem cell therapy severely impede the growth of the market for cancer stem cells.

Regional Analysis

Geographically, the worldwide cancer stem cell market is segmented into four major regions: North America, Europe, Asia Pacific (APAC), and Latin America and the Middle East & Africa (LAMEA).

North America is anticipated to dominate the global cancer stem cell market. Due to technological advancements in cancer stem cell treatment, increasing research on cancer stem cells is increasing market demand. In addition, the increased incidence of nonmelanoma skin cancer in the United States is fuelling market expansion. Between 1994 and 2014, the diagnosis and treatment of nonmelanoma skin malignancies increased by 77%, according to the Skin Care Foundation. About ninety percent of skin cancers are caused by sun exposure.

The North America Cancer Stem Cells market is expected to generate a revenue of around $2.1 Billion by 2030.  

In the next years, Europe is anticipated to be the second-leading area in the worldwide cancer stem cell market. European nations cure cancer by replacing cancer stem cells in the tumour and administering focused, specialised care. Each year in the United Kingdom, over 55,000 women are diagnosed with breast cancer. The expansion of the cancer stem cell market is being driven by the increasing incidence of breast cancer due to bad lifestyle choices such as decreased physical activity, rising alcohol consumption, and obesity.

Asia-Pacific (APAC) Cancer Stem Cells Market is anticipated to be the fastest-growing area between 2022 and 2030. According to the WHO Cancer Report, lung, oral, lip, throat, and neck cancers are the most prevalent among men in India, while the increasing prevalence of cervix, breast, and ovarian cancers among women is driving market growth.

In European nations including Turkey, the United Kingdom, and Denmark, Cancer Stem Cells Market is anticipated to expand. Stem cell research is the fastest growing medical activity in Turkey due to the significant increase in stem cell transplants. Younger pool, current technology, and high-quality, low-cost stem cell treatment are major aspects that can increase stem cell investors' vast prospects. In addition, people in the United Kingdom are growing overweight and obese, which increases the likelihood of an increase in the number of cancer patients.

During the projection period, LAMEA is anticipated to have slow growth in the worldwide market. This is a result of Africa's inadequate healthcare infrastructure and delayed economic growth. However, expanding urbanization, improving healthcare infrastructure, and high disposable income in Middle Eastern nations such as the UAE and Saudi Arabia are expected to drive growth to some extent.

Segmental Analysis

The Global cancer stem market is segmented by mode of action and application.

Based on the method of action, the market is divided into targeted cancer stem cells and stem cell-based cancer. Depending on the mechanism of action, the market can be divided into two models of tumour treatment based on the biology of these cells and their role in the control of tumour progression. The first model targets CSCs with monoclonal antibodies, recombinant proteins, nanomaterials, and other natural substances. The majority of commercially available drugs aid in tumour shrinkage but do not treat the underlying causes of tumour progression, which can result in tumour resurgence.

Stem Cell based Cancer Therapy generated a revenue of $850 million in 2021 and is projected to reach up to $2.3 Billion by the end of 2030

By application, the market is split into blood cancer, lung cancer, colorectal cancer, prostate cancer, breast cancer, cervical cancer, and others.

On the basis of cancer type, the breast subsegment is projected to reach a market size of $900 million by 2030 and hold a substantial market share during the forecast period. This subsegment is mostly attributable to variations in people's lifestyles, hereditary influences, and alcohol and hormone consumption, all of which contribute to an increase in cancer patients worldwide. In addition, breast cancer is a prevalent human malignancy and the main cause of cancer-related death worldwide, driving the subsegment growth of the cancer stem cells market.

Impact of covid-19

The global fetal bovine serum market growth is projected to benefit from the COVID-19 pandemic. Fetal bovine serum is broadly applied in the production of in vitro cell cultures and vaccines. It is added to vaccine growing media as a supplement. Many nations are suffering the consequences of the pandemic, facing massive costs to their economy and healthcare systems due to the high transmission rate and lack of treatment. Many countries are still under siege. They halted trade with other countries and imposed travel restrictions, causing big corporations' market capitalizations to plummet worldwide. However, the situation is steadily improving.

Even though biopharmaceutical innovators are at the forefront of in vitro research and development in the quest for vaccines and antivirals, the present COVID-19 outbreak has a beneficial impact on market growth. In vitro vaccine and antiviral testing typically entails the use of a culture media in which the targeted virus or bacteria is cultured, and the response is monitored. The pharmaceutical industry's increased focus on research and development is driving up demand for culture media, which in turn, is driving up demand for fetal bovine serum.

Recent Developments

• Oasmia Signs Manufacturing Agreement with Lonza for Ovarian Cancer Drug Candidate Cantrixil-
  Oasmia Pharmaceutical AB, an oncology-focused specialty pharmaceutical company, and Lonza, a global development and manufacturing partner for the pharma, biotech, and nutrition industries, have signed a large-scale manufacturing agreement for the main drug intermediate in the supply of clinical material for its investigational drug candidate, Cantrixil.
• Propanc Biopharma's Cancer Stem Cell Technology Offers Renewed Hope for a Complete Victory Against Metastatic Cancer
  A biopharmaceutical company developing novel cancer treatments for patients with recurring and metastatic cancer announced that, among the large and rapidly expanding stem cell therapeutics sector, the Company's cancer stem cell technology, PRP, offers renewed hope for a total victory in the fight against cancer.