According to ResearchAndMarkets.com, the global stem cell market is expected to register a CAGR of 6.3% during the forecast period of 2018-2023. It will reach USD 14.61 billion by 2023 from USD 10.75 billion in 2018.
This market is driven by many factors including the successful treatments with stem cells, their potential in regenerative medicine, growing R&D investments in stem cell research, reduced risk of tissue breakdown after transplantation.
This high-efficiency therapy gives people a chance to live a healthy or healthier life, enjoy this amazing world, implement their plans, and achieve new goals. Learn how stem cells helped the following people to recover and opened new bright opportunities to them.
Having undergone twenty-four angioplasties, Dee Coats, a heart patient from sunny California, was in despair in May 2005 when her cardiologist told that she needed another surgery. The woman refused to give up the fight and began to search for alternative methods of treatment. And she found it! The stem cell therapy helped Dee to become healthy and forget about her disease. Twelve years after the therapy, Dee enjoys a happy and full life.
Ahmed's newborn sister saved his life thanks to her stem cells. The boy was suffering from thalassemia major. When his parents knew that they had a chance to treat their older son using the cord blood of their soon-to-be-born daughter, they did not hesitate and gave their consent to such a procedure. It took six months to see a result. Ahmed made a full recovery. Now, this cheerful boy goes to school, plays with his friends, and leads a full life of a healthy person.
Sasha Browne was born with cerebral palsy. Her prudent parents decided to take and froze her umbilical cord blood to use it in the future if required. When she was three years old, Sasha participated in the very first stem cell treatment trial to cure this insidious disease. Thanks to this innovative therapy, the girl received a chance to see, speak, and walk.
In spite of the brilliant results, this promising and lifesaving treatment is still inaccessible to the overwhelming majority of people. Only citizens of developed countries and rich people can afford it. According to CBC Canada, the cost of stem cell treatment is USD 5,000 to USD 8,000 per procedure. And needless to say that people often need to undergo several sessions.
Therefore, the less advantaged population has to refuse the stem cell therapies due to their expensiveness and fall back on conventional methods of treatment that are more available but complex, painful (e.g. angioplasty), and less effective. However, it may change soon because
Stem Cell Project offers a solution.
The motto of this ambitious project launched by a group of Japanese specialists is "Making Regenerative Medicine Global." The project plans to achieve this goal by creating its own Cell Bank, a repository in which stem cells will be stored and used when the time comes. Besides, the project specialists will work on the stem cell pharmaceuticalization, a special technology of quick and accurate production of stem cells, which also should help to optimize the treatment costs.
The founders have another high-flying goal, which is to create a medical environment driven by cutting edge technological infrastructure. Stem Cell Project is going to apply AI and blockchain to bring the medical services to an entirely new level and make them more accessible to the population.
Firstly, the project team will develop the Virtual Clinic platform equipped with a remote medical checkup system, AI chatbot, and translation function. Patients will be able to get in touch with any doctor at any time and from any place using any device. They will not have to spend their time and nerves in annoying queues and save money on the translation services.
The Virtual Clinic doctors, in turn, will be able to render medical services faster and more efficiently thanks to the AI diagnostic system based on big data and distributed ledger. The platform will use various sensors to obtain vital data such as body temperature, blood pressure, or pulse rate to improve the accuracy of diagnoses.
Another distinctive feature of the project is that among the usual modes of payment the customers will be able to choose cryptocurrency. To this effect, the team will develop SCC, its own token. SCC will solve the issues of cross-border payments, at-risk citizens, and data accessibility by removing intermediaries and commission fees. Cryptocurrencies offer a transparent, secure, and accountable instrument of payment, which allows to open innovative healthcare services to more people and thus, solve the affordability problem.
Looking at exciting achievements and discoveries associated with stem cells, even fervent sceptics begin to understand that this progressive and challenging treatment indeed works and gives belief back to sick persons and their relatives. Stem cells give people a hope for recovery and rich life. Stem Cell Project will make this hope a reality.
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