The abrupt rise of the COVID-19 pandemic has enforced an optimistic impact on the global cancer stem cells market growth in 2020. Rising demand for treatment of metastatic stage cancer in the course of the COVID-19 pandemic is shoving the growth of the market. Analysts have predicted that the market will perceive continuous growth after the end of the COVID-19 disaster.

The latest report published by Research Dive on the global cancer stem cells reveals the impact of COVID-19 pandemic on the market growth. Before the rise of the pandemic, the market was expected to grow at a CAGR of 10.3% from 2019 to 2026. However, the sudden outburst of the COVID-19 pandemic has fueled the market growth. Our analysts have estimated that the market is expected to grow at 11.8% CAGR, post-COVID-19 upheaval. The market is anticipated to perceive growth owing to the mounting demand for increased mortality and morbidity rate of cancer during the course of the pandemic.

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Previously, the global cancer stem cells market was anticipated to garner a revenue of $956.6 million in 2020. However, in the present situation, i.e., in 2020, the market size is predicted to reach up to $982.5 million. Early therapy cannot remove or treat the tumor cells that are found in the body, and instead involves treatments that kill the tumor cells and improve better therapeutic longevity. The implementation of CSC therapy globally has a positive effect on the global cancer stem cells market.

According to our analysts, the global cancer stem cells market is projected to observe substantial growth in 2020 and will continue to grow at a significant growth rate after the end of the COVID-19 pandemic. In 2001, Gleevec was used to administer a genetic drug called chronic myelogenous leukemia (CML) for the treatment of rare cancer.

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Enhanced emphasis on customized diagnosis and strengthened cell-based research & development programs is predicted to broaden the application of CSC for the treatment of various kinds of cancer. Furthermore, CSCs are used to treat tumors of the nervous system, such as gliomas, medulloblastoma, and ependymomas. These factors are expected to fuel the demand expansion of cancer stem cells during the forecast period.

Besides, cumulative investments and rising advancements in the cancer stem cells are projected to unlock massive opportunities and thrust the growth of the global cancer stem cells market, post-COVID-19 pandemic.

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Excerpt from:
What Is the Impact of COVID-19 on Cancer Stem Cells Market During Projected Period of 2020-2026? - Market Research Posts