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The use of embryonic stem cells, in particular, has been a contentious issue due to the destruction of embryos in the process. To address these concerns, researchers have developed alternative sources of stem cells, such as induced pluripotent stem cells (iPSCs), which are derived from adult cells. This has reduced the ethical concerns associated with the use of embryonic stem cells. The ethical considerations surrounding stem cell research highlight the need for responsible and transparent practices. By doing so, we can ensure that the potential benefits of stem cell research are realized while respecting the ethical principles that underpin our society.

Regenerative medicine aims to regrow, repair or replace damaged or diseased cells, organs or tissues using stem cells and tissue engineering techniques. By cell source, the market is divided into adult stem cells, human embryonic stem cells, induced pluripotent stem cells, and others. The adult stem cells segment currently dominates the market due to fewer ethical issues associated with its use and higher acceptability. The US dominates the stem cells market owing to the presence of advanced healthcare infrastructure and higher healthcare spending. Advanced Cell Technology specializes in regenerative medicine and plans to target ophthalmology as one of its therapeutic areas using stem cell therapy.

34% of the market in 2022 as these cells do not involve the destruction of embryos, which is the case in embryonic stem cells. Furthermore, there is no risk of graft rejection in the case of adult stem cells. FDA for their Phase II clinical trial for Post-COVID Syndrome using umbilical cord blood stem cell therapy. This is attributed to the high safety profile of allogeneic mesenchymal stem cells in clinical applications. The mesenchymal stem cells derived from patient Induced Pluripotent Stem Cells serve as a potential disease modelling tool.