Despite
330 Products in the Pipeline, Stem Cell Therapies Still Face Commercial
Challenges
While
steady progress in clinical research and increasing evidence of product
effectiveness are significant driving factors for growth in the stem cell
therapies market, a number of obstacles remain before they become widely
commercially viable, according to new research.
The
company’s latest report states that the stem cell therapy pipeline as a whole
is relatively large, with 330 products in active development across all stages.
Indeed, R&D within the sector is gaining momentum as candidates move into
clinical development, and the results of clinical studies become apparent,
clarifying the therapeutic potential of stem cell therapy.
According
to Senior Analyst, states: “The stem cell space provides therapeutic potential
in indications where current pharmacological and surgical treatment options are
ineffective. However, there remains a significant divide between the number of
stem cell therapeutic applications currently available for patients and the
number of research programs investigating the wider medical applications of
stem-cell-based therapies.
“Stem
cells are currently being used for a modest variety of indications, with skin
and blood stem cells representing the majority of therapeutic uses. The stem
cell industry is pursuing a broad base of therapeutic applications, and this is
evident in the R&D efforts observed in the sector, as over 15 therapy areas
are being targeted by the stem cell industry in over 1,000 clinical trials.”
Despite
promising recent developments within the field of stem cell technology,
converting its scientific potential into real therapeutic value still
represents a significant challenge.
According
to Publisher’s survey of key opinion leaders, the stem cells field is still
surrounded by a wide variety of obstacles, most notably the high cost of
research, which survey participants stated was the biggest factor limiting stem
cell progress.
Senior
Analyst concludes: “Manufacturers will need to adopt novel strategies to
realize their full potential. It is likely that manufacturing methodologies
will use partially or fully automated systems in future approaches, in order to
improve yield, purity and cost-effectiveness.
“There
have been good strides made by stem cell manufacturing companies, such as those
made by Cynata Therapeutics, which is implementing innovative manufacturing
methods to generate robust, consistent and inexpensive stem cells. Such
companies are pointing towards a promising outlook in this regard.”
Stem
Cell Therapies - Global Trends in the Competitive, Technological and R&D
Landscape report provides an assessment of the current trends in the global
stem cell therapy sector, with a particular focus on the technological,
competitive, and R&D landscape. It includes a targeted industry survey of
experts and key opinion leaders in the stem cell therapies field, as well as
extensive secondary research.
This
report was built using data and information sourced from proprietary databases,
primary and secondary research, and in-house analysis conducted by Publisher’s
team of industry experts.
For
more information Visit at: http://mrr.cm/JDH
Find
all Biotechnology Reports at - http://www.marketresearchreports.com/biotechnology
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