South & Central America Stem Cell Therapy Market Forecast to 2028

South & Central America Stem Cell Therapy Market Forecast to 2028 – Regional Analysis – by Type (Adult Stem Cell Therapy, Embryonic Stem Cell Therapy, Induced Pluripotent Stem Cell Therapy, and Other Stem Cell Therapy), Treatment (Allogeneic and Autologous), Application (Musculoskeletal, Dermatology, Cardiology, Drug Discovery & Development, and Other Applications), and End User (Hospitals & Specialty Clinics and Academic & Research Institutes)

Send Enquiry

$2,100$3,500

Description

The South & Central America stem cell therapy is expected to grow from US$ 75.16 million in 2022 to US$ 139.30 million by 2028. It is estimated to grow at a CAGR of 10.8% from 2022 to 2028.

Use of Induced Pluripotent Stem Cells in Regenerative Medicines Drives South & Central America Stem Cell Therapy Market

Per the Frontiers Media S.A. 2023 report, progress in the field of induced pluripotent stem cells (iPSCs) has opened a new gateway for research in therapeutics. iPSCs are mainly intended for research and clinical studies such as disease modeling, regenerative medicine, and drug discovery/drug cytotoxicity studies. For example, iPSCs can be used to convert differentiated somatic cells to multipotent stem cells to generate different cell types of adult tissues. Thus, iPSCs have shown promising results in regenerative medicine, particularly for replacing diseased or injured cells. iPSCs are widely used to regenerate tissue-specific cells for transplantation in patients for treating injuries and degenerative diseases. Studies such as drug discovery involving screening of small molecules and toxicity testing for safety assessment have been successfully disclosed positive iPSCs-based results. The aforementioned factors are expected to offer lucrative growth opportunities to companies in the South & Central America stem cell therapy market in the coming years.

South & Central America Stem Cell Therapy Overview

The government and healthcare authorities in Brazil are implementing constructive strategies to increase the awareness and exposure of stem cell therapies in the countries. For example, providing international exposure, the authorities are focusing on conducting clinical trials in the country. For instance, according to clinicaltrials.gov, in 2016, around 27 stem cell studies were being conducted in the country, which accounted for an estimated 1.7% of all the stem cell studies across the globe. Also, the country allotted around US$ 5.0 Mn for stem cell research at the starting beginning of the entry in the stem cell domain. Increasing awareness in the country is fueling the growth of innovations and discoveries in the stem cell market. For instance, in 2017, R-Crio, a Brazil-based startup, discovered a way to produce around 7 million stem cells from a single baby tooth. These factors are likely to drive the growth of the Brazil stem cell therapy market during the forecast period.

South & Central America Stem Cell Therapy Revenue and Forecast to 2028 (US$ Million)

South & Central America Stem Cell Therapy Segmentation

The South & Central America stem cell therapy is segmented into type, treatment, application, end user, and country.

Based on type, the South & Central America stem cell therapy is segmented into adult stem cell therapy, embryonic stem cell therapy, induced pluripotent stem cell therapy, and other stem cell therapy. In 2022, the adult stem cell therapy segment registered the largest share in the South & Central America stem cell therapy. The adult stem cell therapy segments is further segmented into hematopoietic stem cell therapy, umbilical cord stem cell therapy, neuronal stem cell therapy, and mesenchymal stem cell.

Based on treatment, the South & Central America stem cell therapy is bifurcated into allogeneic and autologous. In 2022, the allogeneic segment registered a larger share in the South & Central America stem cell therapy.

Based on application, the South & Central America stem cell therapy is segmented into musculoskeletal, dermatology, cardiology, drug discovery & development, and other applications. In 2022, the musculoskeletal segment registered the largest share in the South & Central America stem cell therapy.

Based on end user, the South & Central America stem cell therapy is bifurcated into hospitals & specialty clinics and academic & research institutes. In 2022, the academic & research institutes segment registered a larger share in the South & Central America stem cell therapy.

Based on country, the South & Central America stem cell therapy is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil segment registered the largest share in the South & Central America stem cell therapy.

Lonza Group AG, Pluri Inc, Smith & Nephew Plc, and TiGenix NV (Takeda Pharmaceutical Company Limited) are some of the leading companies operating in the South & Central America stem cell therapy.

Summary Info

Industry:

Pricing options:

, ,

Geographical coverage:

,

Year of Publication:

At 10.8% CAGR, the South & Central America Stem Cell Therapy Market is speculated to be worth US$ 139.30 million by 2028, says the research team

According to the research team’ research, the South & Central America stem cell therapy market was valued at US$ 75.16 million in 2022 and is expected to reach US$ 139.30 million by 2028, registering a CAGR of 10.8% from 2022 to 2028. Increasing research activities related to stem cell therapy for effective disease management and use of induced pluripotent stem cells in regenerative medicines are the critical factors attributed to the South & Central America stem cell therapy market expansion.

Stem cell therapy has been widely investigated across the world. Stem cells are mainly used to replace dying cells and reconstruct damaged tissues. Based on the results of extensive stem cell research conducted so far, many scientists have claimed that these cells could probably be utilized to generate cures and treatments for diseases such as cancer and cardiovascular disease. Newly developed stem cell therapies involve replacing disease-causing cells with stem cells. Many potential treatments involving stem cells are in different phases of clinical trials. Researchers are further investigating the use of stem cell therapy in treating autoimmune disorders. For example, stem cells can turn into the cells of damaged organs and are used in treating autoimmune diseases. Treatment is carried out using mesenchymal stem cells or fetal stem cells. Hematopoietic stem cells are currently used for treating more than 80 medicals conditions, including immune system diseases, blood disorders, neurological disorders, metabolic disorders, genetic disorders, and cancer types such as leukemia and lymphoma.

On the contrary, high cost of approved treatments hurdles the growth of South & Central America stem cell therapy market.

Based on type, the South & Central America stem cell therapy is segmented into adult stem cell therapy, embryonic stem cell therapy, induced pluripotent stem cell therapy, and other stem cell therapy. The adult stem cell therapy segment held 60.0% share of South & Central America stem cell therapy market in 2022, amassing US$ 45.09 million. It is projected to garner US$ 85.25 million by 2028 to expand at 11.2% CAGR during 2022–2028. The adult stem cell therapy segment is further segmented into hematopoietic stem cell therapy, umbilical cord stem cell therapy, neuronal stem cell therapy, and mesenchymal stem cell.

Based on treatment, the South & Central America stem cell therapy is bifurcated into allogeneic and autologous. The allogeneic segment held 55.9% share of South & Central America stem cell therapy market in 2022, amassing US$ 42.05 million. It is projected to garner US$ 76.85 million by 2028 to expand at 10.6% CAGR during 2022–2028.

Based on application, the South & Central America stem cell therapy is segmented into musculoskeletal, dermatology, cardiology, drug discovery & development, and other applications. The musculoskeletal segment held 33.2% share of South & Central America stem cell therapy market in 2022, amassing US$ 24.92 million. It is projected to garner US$ 45.59 million by 2028 to expand at 10.6% CAGR during 2022–2028.

Based on end user, the South & Central America stem cell therapy is bifurcated into hospitals & specialty clinics and academic & research institutes. The academic & research institutes segment held 53.5% share of South & Central America stem cell therapy market in 2022, amassing US$ 40.24 million. It is projected to garner US$ 75.60 million by 2028 to expand at 11.1% CAGR during 2022–2028.

Based on country, the South & Central America stem cell therapy is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 44.2% share of South & Central America stem cell therapy market in 2022. It was assessed at US$ 33.26 million in 2022 and is likely to hit US$ 64.03 million by 2028, exhibiting a CAGR of 11.5% during 2022–2028.

Key players profiled in the South & Central America stem cell therapy market report Lonza Group AG, Pluri Inc, Smith & Nephew Plc, and TiGenix NV (Takeda Pharmaceutical Company Limited), among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America stem cell therapy market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America stem cell therapy market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the stem cell therapy market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Stem Cell Therapy Market – By Type
1.3.2 South & Central America Stem Cell Therapy Market – By Treatment
1.3.3 South & Central America Stem Cell Therapy Market – By Application
1.3.4 South & Central America Stem Cell Therapy Market – By End User
1.3.5 South & Central America Stem Cell Therapy Market – By Country
2. South & Central America Stem Cell Therapy Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Stem Cell Therapy Market– Market Landscape
4.1 Overview
4.2 South & Central America PEST Analysis
4.3 Experts Opinion
5. South & Central America Stem Cell Therapy Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Research Activities Related to Stem Cell Therapy for Effective Disease Management
5.1.2 Growing Prevalence of Cancer
5.2 Market Restraints
5.2.1 High Cost of Approved Treatments
5.3 Market Opportunities
5.3.1 Use of Induced Pluripotent Stem Cells in Regenerative Medicines
5.4 Future Trends
5.4.1 Research Activities and Product Innovations
5.5 Impact Analysis
6. Stem Cell Therapy Market – South & Central America Analysis
6.1 South & Central America Stem Cell Therapy Market Revenue Forecast and Analysis
7. South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 – by Type
7.1 Overview
7.2 South & Central America Stem Cell Therapy Market Revenue Share, by Type 2021 & 2028 (%)
7.3 Adult Stem Cell Therapy
7.3.1 Overview
7.3.2 Adult Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Hematopoietic Stem Cell Therapy
7.3.3.1 Overview
7.3.3.2 Hematopoietic Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Umbilical Cord Stem Cell Therapy
7.3.4.1 Overview
7.3.4.2 Umbilical Cord Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Neuronal Stem Cell Therapy
7.3.5.1 Overview
7.3.5.2 Neuronal Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 Mesenchymal Stem Cell
7.3.6.1 Overview
7.3.6.2 Mesenchymal Stem Cell: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Embryonic Stem Cell Therapy
7.4.1 Overview
7.4.2 Embryonic Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Induced Pluripotent Stem Cell Therapy
7.5.1 Overview
7.5.2 Induced Pluripotent Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Other Stem Cell Therapy
7.6.1 Overview
7.6.2 Other Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Stem Cell Therapy Market Analysis and Forecasts to 2028 – by Treatment
8.1 Overview
8.2 South & Central America Stem Cell Therapy Market, by Treatment 2021 & 2028 (%)
8.3 Allogeneic
8.3.1 Overview
8.3.2 Allogeneic: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Autologous
8.4.1 Overview
8.4.2 Autologous: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Stem Cell Therapy Market Analysis and Forecasts to 2028 – by Application
9.1 Overview
9.2 South & Central America Stem Cell Therapy Market, by Application 2021 & 2028 (%)
9.3 Musculoskeletal
9.3.1 Overview
9.3.2 Musculoskeletal: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Dermatology
9.4.1 Overview
9.4.2 Dermatology: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Cardiology
9.5.1 Overview
9.5.2 Cardiology: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Drug Discovery and Development
9.6.1 Overview
9.6.2 Drug Discovery and Development: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Other Applications
9.7.1 Overview
9.7.2 Other Applications: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 – by End User
10.1 Overview
10.2 South & Central America Stem Cell Therapy Market Revenue Share, by End User 2021 & 2028 (%)
10.3 Academic & Research Institutes
10.3.1 Overview
10.3.2 Academic & Research Institutes: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Hospitals & Specialty Clinics
10.4.1 Overview
10.4.2 Hospitals & Specialty Clinics: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
11. South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 – Country Analysis
11.1 Overview
11.1.1 South and Central America: Stem Cell Therapy Market, by Country, 2021 & 2028(%)
11.1.1.1 Brazil: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.1.1 Brazil: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.1.2 Brazil: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.1.2.1 Brazil: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.1.3 Brazil: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.1.4 Brazil: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.1.5 Brazil: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
11.1.1.2 Argentina: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.2.1 Argentina: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.2.2 Argentina: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.2.2.1 Argentina: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.2.3 Argentina: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.2.4 Argentina: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.2.5 Argentina: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
11.1.1.3 Rest of South and Central America: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.3.1 Rest of South and Central America: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.3.2 Rest of South and Central America: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.3.2.1 Rest of South and Central America: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.3.3 Rest of South and Central America: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.3.4 Rest of South and Central America: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.3.5 Rest of South and Central America: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
12. South & Central America Stem Cell Therapy Market–Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 TiGenix NV (Takeda Pharmaceutical Company Limited)
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 NuVasive Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lonza Group AG
13.3.1 Business Description
13.3.2 Products and Services
13.3.3 Financial Overview
13.3.4 SWOT Analysis
13.3.5 Key Developments
13.4 Smith & Nephew Plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms

LIST OF TABLES

Table 1. Brazil Stem Cell Therapy Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil Stem Cell Therapy Market, by Adult Stem Cell Therapy – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Stem Cell Therapy Market, by Treatment – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Stem Cell Therapy Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Brazil Stem Cell Therapy Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Stem Cell Therapy Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Stem Cell Therapy Market, by Adult Stem Cell Therapy – Revenue and Forecast to 2028 (USD Million)
Table 8. Argentina Stem Cell Therapy Market, by Treatment – Revenue and Forecast to 2028 (USD Million)
Table 9. Argentina Stem Cell Therapy Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Argentina Stem Cell Therapy Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of South and Central America Stem Cell Therapy Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South and Central America Stem Cell Therapy Market, by Adult Stem Cell Therapy – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of South and Central America Stem Cell Therapy Market, by Treatment – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of South and Central America Stem Cell Therapy Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of South and Central America Stem Cell Therapy Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 16. Organic Developments in the South & Central America stem cell therapy market
Table 17. Inorganic Developments in the South & Central America stem cell therapy market
Table 18. Glossary of Terms

LIST OF FIGURES

Figure 1. South & Central America Stem Cell Therapy Market Segmentation
Figure 2. South & Central America Stem Cell Therapy Segmentation, By Country
Figure 3. South & Central America Stem Cell Therapy Market Overview
Figure 4. Adult Stem Cell Therapy Segment Held Largest Share of Type Segment in South & Central America Stem Cell Therapy Market
Figure 5. Brazil Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. South & Central America (SCAM) PEST Analysis
Figure 7. Experts Opinion
Figure 8. South & Central America Stem Cell Therapy Market Impact Analysis of Drivers and Restraints
Figure 9. South & Central America Stem Cell Therapy Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. South & Central America Stem Cell Therapy Market Revenue Share, by Type 2021 & 2028 (%)
Figure 11. Adult Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Hematopoietic Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Umbilical Cord Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Neuronal Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Mesenchymal Stem Cell: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Embryonic Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Induced Pluripotent Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Other Stem Cell Therapy: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. South & Central America Stem Cell Therapy Market, by Treatment 2021 & 2028 (%)
Figure 20. Allogeneic: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Autologous: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. South & Central America Stem Cell Therapy Market, by Application 2021 & 2028 (%)
Figure 23. Musculoskeletal: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Dermatology: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Cardiology: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Drug Discovery and Development: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Other Applications: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Stem Cell Therapy Market Revenue Share, by End User 2021 & 2028 (%)
Figure 29. Academic & Research Institutes: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Hospitals & Specialty Clinics: South & Central America Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. South and Central America Stem Cell Therapy Market, by Key Country – Revenue (2021) (USD Million)
Figure 32. South and Central America: Stem Cell Therapy Market, by Country, 2021 & 2028 (%)
Figure 33. Brazil: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Argentina: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Rest of South and Central America: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)

The List of Companies – South & Central America Stem Cell Therapy Market

o Lonza Group AG
o Pluri Inc
o Smith & Nephew Plc
o TiGenix NV (Takeda Pharmaceutical Company Limited)

Reviews

There are no reviews yet.

Be the first to review “South & Central America Stem Cell Therapy Market Forecast to 2028”