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India Stem Cell Therapy Market

ID: MRFR/Pharma/51409-HCR
200 Pages
Rahul Gotadki
October 2025

India Stem Cell Therapy Market Research Report By Application (Orthopedic, Cardiovascular, Neurological, Dermatological, Dental), By Type of Stem Cells (Embryonic Stem Cells, Adult Stem Cells, Induced Pluripotent Stem Cells, Mesenchymal Stem Cells), By Therapeutic Area (Regenerative Medicine, Cancer Treatment, Autoimmune Diseases, Genetic Disorders), and By Procedure Type (Surgical Procedures, Non-surgical Procedures) -Forecast to 2035

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India Stem Cell Therapy Market Summary

As per Market Research Future analysis, the stem cell-therapy market size was estimated at 5.2 USD Million in 2024. The stem cell-therapy market is projected to grow from 5.88 USD Million in 2025 to 20.26 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 13.1% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The India The India stem cell-therapy market is poised for substantial growth, driven by regulatory advancements and increasing patient demand.

  • Regulatory developments are enhancing the framework for stem cell therapies, fostering innovation and safety.
  • Technological advancements in stem cell research are likely to improve treatment efficacy and patient outcomes.
  • The largest segment in the market is hematopoietic stem cell therapy, while mesenchymal stem cell therapy appears to be the fastest-growing segment.
  • Key market drivers include rising incidence of chronic diseases and growing awareness and acceptance of stem cell therapies.

Market Size & Forecast

2024 Market Size 5.2 (USD Million)
2035 Market Size 20.26 (USD Million)
CAGR (2025 - 2035) 13.16%

Major Players

Mesoblast Limited (AU), Athersys Inc (US), Osiris Therapeutics Inc (US), Cynata Therapeutics Limited (AU), StemCells Inc (US), Regenexx (US), Tigenix (BE), Kite Pharma (US), Vericel Corporation (US)

India Stem Cell Therapy Market Trends

The stem cell-therapy market is evolving, driven by advancements in research and technology. In recent years, there has been a growing recognition of the potential applications of stem cell therapies in treating various medical conditions, including degenerative diseases and injuries. This shift is largely due to increased investment in research initiatives and the establishment of supportive regulatory frameworks for clinical trials. Furthermore, the collaboration between academic institutions and healthcare providers appears to be fostering innovation, leading to the development of novel therapies that may enhance patient outcomes. Moreover, the landscape of the stem cell-therapy market is characterized by a rising demand for personalized medicine. Patients are increasingly seeking tailored treatment options that align with their specific health needs. This trend is likely to encourage the growth of stem cell therapies, as they offer the possibility of customized solutions based on individual genetic profiles. Additionally, public awareness campaigns and educational initiatives are contributing to a more informed patient population, which may further stimulate interest in these therapies. As the market continues to mature, it seems poised for significant advancements that could reshape the future of medical treatment.

Regulatory Developments

Recent regulatory changes are shaping the stem cell-therapy market, as authorities implement guidelines to ensure safety and efficacy. These developments may facilitate the approval process for new therapies, encouraging innovation and investment in research. As regulations become more defined, stakeholders are likely to gain confidence in the market, potentially leading to increased clinical trials and product launches.

Technological Advancements

Innovations in technology are playing a crucial role in the evolution of the stem cell-therapy market. Techniques such as gene editing and tissue engineering are enhancing the capabilities of stem cell therapies. These advancements may improve treatment outcomes and expand the range of conditions that can be addressed, thereby attracting more interest from both healthcare providers and patients.

Growing Patient Demand

There is a noticeable increase in patient demand for stem cell therapies, driven by a desire for effective treatment options for chronic and degenerative diseases. This trend suggests that patients are becoming more proactive in seeking advanced medical solutions. As awareness of the potential benefits of stem cell therapies grows, healthcare providers may need to adapt their offerings to meet this rising demand.

India Stem Cell Therapy Market Drivers

Expanding Healthcare Infrastructure

India's healthcare infrastructure is undergoing significant expansion, which is positively influencing the stem cell-therapy market. The government has initiated various programs to enhance healthcare access, including the establishment of new hospitals and specialized clinics. This expansion is accompanied by an increase in healthcare spending, projected to reach $370 billion by 2025. As healthcare facilities improve, the availability of advanced treatments, including stem cell therapies, becomes more accessible to the general population. Furthermore, the establishment of dedicated stem cell banks and treatment centers is likely to facilitate the growth of this market. Thus, enhancing healthcare infrastructure is a vital driver, supporting the delivery of innovative therapies and improving patient access to cutting-edge treatments.

Rising Incidence of Chronic Diseases

The prevalence of chronic diseases in India is on the rise, which is significantly impacting the stem cell-therapy market. Conditions such as diabetes, cardiovascular diseases, and neurodegenerative disorders are becoming increasingly common, affecting millions of individuals. According to recent health statistics, approximately 77 million people in India are living with diabetes, a figure that is expected to escalate. This growing patient population is driving demand for innovative treatment options, including stem cell therapies, which offer potential solutions for regeneration and repair. Thus, the increasing burden of chronic diseases is a critical driver for the stem cell-therapy market, as healthcare providers seek advanced therapies to improve patient outcomes and quality of life.

Supportive Government Policies and Initiatives

The Indian government is actively promoting the stem cell-therapy market through supportive policies and initiatives. Regulatory frameworks have been established to facilitate the development and commercialization of stem cell therapies, ensuring that they meet safety and efficacy standards. Initiatives such as the Biotechnology Industry Research Assistance Council (BIRAC) provide funding and support for startups and research organizations in the field of regenerative medicine. Furthermore, the government is encouraging public-private partnerships to accelerate innovation and bring new therapies to market. These supportive policies are likely to create a conducive environment for growth, attracting investments and fostering collaboration among stakeholders. As a result, the government's proactive approach is a significant driver for the stem cell-therapy market, enhancing its potential for expansion and development.

Increasing Investment in Research and Development

The stem cell-therapy market in India is experiencing a surge in investment directed towards research and development. This influx of funding is primarily aimed at enhancing the efficacy and safety of stem cell therapies. In recent years, the Indian government has allocated substantial resources to biotechnology and regenerative medicine, which has led to the establishment of numerous research institutions. As a result, the number of clinical trials has increased, with over 100 trials registered in the past year alone. This focus on R&D is likely to foster innovation, leading to the development of novel therapies that could address previously untreatable conditions. Consequently, the growth in R&D investment is a pivotal driver for the stem cell-therapy market, as it not only enhances treatment options but also attracts international collaborations and partnerships.

Growing Awareness and Acceptance of Stem Cell Therapies

There is a notable increase in public awareness and acceptance of stem cell therapies in India, which is significantly impacting the stem cell-therapy market. Educational campaigns and outreach programs have been instrumental in informing the public about the potential benefits of stem cell treatments. Surveys indicate that approximately 60% of the population is now aware of stem cell therapies and their applications. This growing awareness is likely to lead to increased patient inquiries and demand for such treatments. Additionally, as more success stories emerge from clinical applications, the acceptance of these therapies is expected to rise further. Consequently, the increasing awareness and acceptance of stem cell therapies serve as a crucial driver for the market, fostering a more informed patient base that is willing to explore innovative treatment options.

Market Segment Insights

India Stem Cell Therapy Market Segment Insights

India Stem Cell Therapy Market Segment Insights

Stem Cell Therapy Market Application Insights

Stem Cell Therapy Market Application Insights

The India Stem Cell Therapy Market is witnessing significant growth, particularly in the Application segment, which caters to various medical needs through innovative therapy solutions. The market segmentation includes diverse applications such as orthopedic, cardiovascular, neurological, dermatological, and dental, each playing a crucial role in healthcare advancements in India.

Stem cell therapies are evolving as game-changers, particularly in Orthopedic treatments where these therapies show promise in accelerating healing in conditions such as fractures and arthritis, providing an alternative to conventional surgeries.

Cardiovascular applications are gaining traction as researchers explore stem cells for regenerating damaged heart tissue, offering hope for conditions like myocardial infarction and heart failure.

Neurological applications are also noteworthy, with stem cells being studied for their potential in treating neurodegenerative disorders such as Parkinson's disease and spinal cord injuries, addressing a significant health burden in India.

Stem Cell Therapy Market Type of Stem Cells Insights

Stem Cell Therapy Market Type of Stem Cells Insights

The India Stem Cell Therapy Market segmentation by Type of Stem Cells showcases a diverse array of stem cells, each contributing uniquely to medical advancement and therapeutic applications.

Embryonic Stem Cells are known for their pluripotency, allowing them to develop into any cell type, which positions them as a strong candidate for regenerative medicine, particularly in treating complex conditions like spinal cord injuries.

Adult Stem Cells, primarily derived from tissues such as bone marrow, have been pivotal in hematopoietic therapies for blood-related ailments, emphasizing their role in established treatment protocols.

Induced Pluripotent Stem Cells hold significant promise due to their ability to reprogram adult cells, offering a potential solution for personalized medicine, while addressing ethical concerns tied to embryonic stem cells.

Stem Cell Therapy Market Therapeutic Area Insights

Stem Cell Therapy Market Therapeutic Area Insights

The India Stem Cell Therapy Market is expanding significantly within the Therapeutic Area, reflecting a growing interest in advanced medical treatments. Regenerative Medicine plays a crucial role by focusing on repairing or replacing damaged tissues and organs, which is fundamental in addressing various chronic diseases.

Cancer Treatment is another vital aspect, where stem cell therapies are becoming increasingly important for innovative approaches in combating malignancies. Autoimmune Diseases, characterized by the body mistakenly attacking its tissues, find potential solutions through stem cell applications that aim to modulate the immune response for better health outcomes.

Furthermore, Genetic Disorders present a significant area where stem cell technology could potentially correct genetic abnormalities, offering hope for numerous inherited conditions. The market is witnessing an upward trend driven by advancements in research and technology, alongside increased investments, fostering growth opportunities.

The increasing prevalence of chronic illnesses and a heightened focus on personalized medicine further elevate the importance of these therapeutic segments within the overall landscape. The government's supportive policies and initiatives in India also contribute to this positive market trajectory, signifying a robust commitment towards improving healthcare through innovative solutions.

Stem Cell Therapy Market Procedure Type Insights

Stem Cell Therapy Market Procedure Type Insights

The India Stem Cell Therapy Market demonstrates a diverse landscape when examined through the lens of Procedure Type, encompassing Surgical Procedures and Non-surgical Procedures. Surgical Procedures often involve complex methodologies, which are critical for delivering targeted stem cell interventions.

This approach is essential in areas like orthopedic treatments, where precision and immediate efficacy are paramount for recovery. On the other hand, Non-surgical Procedures, such as injectable therapies, are gaining traction due to their minimally invasive nature and shorter recovery times, making them accessible to a broader range of patients.

The increasing governmental support in India for advanced medical technologies and ongoing Research and Development initiatives underpin the growth in both categories. Additionally, rising prevalence of chronic diseases and a growing awareness among the population further contribute to the expansion of this market segment.

With improved regulatory frameworks, the market dynamics are shifting towards innovative solutions, providing a fertile ground for both surgical and non-surgical methodologies to flourish in the foreseeable future.

Get more detailed insights about India Stem Cell Therapy Market

Key Players and Competitive Insights

The stem cell-therapy market in India is characterized by a dynamic competitive landscape, driven by advancements in regenerative medicine and increasing investments in research and development. Key players such as Mesoblast Limited (AU), Athersys Inc (US), and Kite Pharma (US) are strategically positioning themselves through innovation and partnerships. Mesoblast Limited (AU) focuses on developing allogeneic cell therapies, which may enhance treatment options for various conditions, while Athersys Inc (US) emphasizes its MultiStem technology, potentially offering a competitive edge in the treatment of neurological disorders. Kite Pharma (US), known for its CAR T-cell therapies, is likely to leverage its expertise in cell-based therapies to expand its footprint in the Indian market, thereby shaping the competitive environment through a blend of innovation and strategic collaborations.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with several players competing for share. This fragmentation may lead to intensified competition, as companies strive to differentiate themselves through unique product offerings and localized services. The collective influence of these key players is likely to drive market growth, as they invest in technology and infrastructure to meet the rising demand for stem cell therapies.

In October 2025, Mesoblast Limited (AU) announced a collaboration with a leading Indian hospital to conduct clinical trials for its innovative cell therapy targeting heart failure. This strategic move is significant as it not only facilitates local access to cutting-edge treatments but also positions Mesoblast as a pioneer in the Indian market. The collaboration may enhance the company's credibility and foster trust among healthcare providers and patients alike.

In September 2025, Athersys Inc (US) secured a partnership with a prominent Indian biotech firm to expedite the development of its MultiStem product for stroke treatment. This partnership is crucial as it allows Athersys to leverage local expertise and resources, potentially accelerating the commercialization of its therapies in India. Such strategic alliances may also provide Athersys with insights into regional market dynamics, further strengthening its competitive position.

In August 2025, Kite Pharma (US) launched a new initiative aimed at educating healthcare professionals in India about CAR T-cell therapies. This initiative is likely to enhance awareness and understanding of advanced treatment options, thereby fostering a more informed patient base. By investing in education, Kite Pharma may not only drive demand for its therapies but also establish itself as a thought leader in the Indian stem cell-therapy market.

As of November 2025, current trends in the stem cell-therapy market include a pronounced shift towards digitalization, sustainability, and the integration of artificial intelligence in research and development processes. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is expected to evolve, with a greater emphasis on innovation and technology rather than price-based competition. Companies that prioritize supply chain reliability and technological advancements are likely to gain a competitive edge in this rapidly evolving market.

Key Companies in the India Stem Cell Therapy Market market include

Industry Developments

The India Stem Cell Therapy Market has recently seen significant developments with companies like MedGenome expanding their R&D initiatives, aiming to enhance personalized medicine applications. Additionally, in April 2023, Reliance Life Sciences announced a strategic partnership with a leading university for advanced research in regenerative medicine.

LifeCell International launched a new cord blood banking facility in Bangalore in June 2023, further solidifying its position in the market. Recent growth has been substantial, with estimates indicating the India Stem Cell Therapy Market could reach USD 1.2 billion by 2025, driven by increasing investments in healthcare and favorable regulations.

In terms of mergers and acquisitions, in March 2023, Stempeutics Research acquired a stake in a microbiome-focused startup, which is set to enhance therapeutic offerings. Over the last few years, noteworthy events include Aster DM Healthcare's investment in high-end clinics in 2021, aimed at expanding its stem cell treatment capabilities across southern India.

There is a noticeable trend towards collaboration between academic and clinical institutions, fostering a stronger ecosystem for stem cell therapies in India, reflecting a commitment to improving healthcare outcomes through advanced technologies.

Future Outlook

India Stem Cell Therapy Market Future Outlook

The Stem Cell Therapy Market is projected to grow at a 13.16% CAGR from 2024 to 2035, driven by advancements in technology, increasing investments, and rising demand for regenerative medicine.

New opportunities lie in:

  • Development of personalized stem cell therapies for chronic diseases.
  • Expansion of telemedicine platforms for remote consultations and follow-ups.
  • Partnerships with biotech firms for innovative product development.

By 2035, the market is expected to achieve substantial growth, positioning itself as a leader in regenerative medicine.

Market Segmentation

India Stem Cell Therapy Market End User Outlook

  • Hospitals
  • Research Institutions
  • Pharmaceutical Companies
  • Biotechnology Companies

India Stem Cell Therapy Market Application Outlook

  • Cell Therapy
  • Tissue Engineering
  • Regenerative Medicine
  • Gene Therapy

India Stem Cell Therapy Market Type of Stem Cells Outlook

  • Embryonic Stem Cells
  • Adult Stem Cells
  • Induced Pluripotent Stem Cells
  • Mesenchymal Stem Cells

India Stem Cell Therapy Market Source of Stem Cells Outlook

  • Bone Marrow
  • Cord Blood
  • Adipose Tissue
  • Peripheral Blood

Report Scope

MARKET SIZE 2024 5.2(USD Million)
MARKET SIZE 2025 5.88(USD Million)
MARKET SIZE 2035 20.26(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 13.16% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Mesoblast Limited (AU), Athersys Inc (US), Osiris Therapeutics Inc (US), Cynata Therapeutics Limited (AU), StemCells Inc (US), Regenexx (US), Tigenix (BE), Kite Pharma (US), Vericel Corporation (US)
Segments Covered Application, Type of Stem Cells, Source of Stem Cells, End User
Key Market Opportunities Advancements in regenerative medicine and supportive regulatory frameworks enhance growth potential in the stem cell-therapy market.
Key Market Dynamics Regulatory advancements and technological innovations drive growth in the stem cell-therapy market, enhancing treatment accessibility.
Countries Covered India

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FAQs

What is the expected market size of the India Stem Cell Therapy Market by 2024?

The India Stem Cell Therapy Market is expected to be valued at approximately 816.0 million USD by 2024.

What will be the market size of the India Stem Cell Therapy Market by 2035?

By 2035, the market is anticipated to reach a valuation of around 3632.0 million USD.

What is the expected compound annual growth rate (CAGR) for the India Stem Cell Therapy Market from 2025 to 2035?

The expected CAGR for the India Stem Cell Therapy Market from 2025 to 2035 is approximately 14.538%.

Which application segment is projected to have the largest market share in 2035?

The Orthopedic application segment is projected to hold the largest market share, valued at about 1238.959 million USD in 2035.

What is the market size for the Cardiovascular application segment in 2024?

The Cardiovascular application segment is valued at approximately 160.349 million USD in 2024.

Which key players are dominating the India Stem Cell Therapy Market?

Key players in the market include MedGenome, Cryobank India, Reliance Life Sciences, and LifeCell International among others.

What is the expected market size for the Neurological application segment by 2035?

The Neurological application segment is expected to reach a market size of about 1.77 million USD by 2035.

How much is the Dermatological application segment expected to grow by 2035?

The Dermatological application segment is projected to grow to approximately 796.474 million USD by 2035.

What is the market size for the Dental application segment in 2024?

The Dental application segment is valued at around 210.236 million USD in 2024.

What challenges might the India Stem Cell Therapy Market face in the near future?

The market may face challenges related to regulatory issues and public awareness of stem cell therapies.

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