In a study published February 1, 2003, D&MD Publications, provider of market analysis, opportunity assessment and tactical guidance for the life sciences market, forecasts that the cell therapy market will near $30 billion by 2010.
According to an editorial in Red Herring, February 2003, “Stem cell therapies are poised to capture what could be the biggest new market to hit biotech in a decade.... that could grow to $25 billion in the next three to five years - nearly equal to the whole biotech industry at present. This estimate doesn't even address the market for stem cells capable of repairing damaged vital organs like the brain, heart, and kidneys.”
California’s Proposition 71 allocates $3 billion in funding for stem cell R&D..
According to the Web site of the American Diabetes Association, it estimates that nearly 18.2 million people, or 6.3 percent of the U.S. population, currently have diabetes.