The UAE will develop the Middle East’s first stem cell bank, officials announced at the first MENA stem cell forum in Dubai

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Dubai, United Arab Emirates

News Highlights:

The UAE is in the process of establishing the region’s first stem cell bank, which will make the country a center for stem cell tourism;

The Dubai Cord Blood and Research Center offers collection and preservation of newborn umbilical cords and their storage for 30 years;

The Middle East and Africa stem cell market size is estimated at US$2.85 billion by the end of 2026 according to Market Data Forecast;

Middle East countries are sharpening their focus on the $467 billion global stem cell market.

The United Arab Emirates is in the process of establishing the region’s first stem cell bank, which will make the country a hub of stem cell tourism, officials announced at the first MENA stem cell forum that opened at the Mövenpick Grand, Al Bustan Hotel Dubai on Friday. March 18, 2022.

dr Rehab Al Blooshi, Acting Medical Director of the Dubai Cord Blood and Research Center – part of the Dubai Health Authority, said: “We already have a stem cell bank at the Dubai Cord Blood and Research Center and are discussing with other health authorities their development of a nationwide stem cell bank to support it to strengthen new scientific and medical innovation sector. It’s in the process.”

The Dubai Cord Blood and Research Center offers the collection and preservation of newborn umbilical cords and their storage for 30 years for a fee of around Dh9,000. This is the first stem cell bank in the UAE.

Officials also called for strict regulatory guidelines to regulate stem cell research, therapy and practice, as these sometimes fall into the gray areas of nature, ethics, culture and religion.

dr Shahrukh Hashmi, Chair of the SEHA Oncology Council; Chair of the Department of Oncology/Haematology, Sheikh Shakhbout Medical City, United Arab Emirates, said: “The stem cell industry needs strict regulation worldwide. We need strict guidelines to allow the industry to evolve ethically.”

dr Rehab Al Blooshi said that a year ago a set of regulatory guidelines for the stem cell sector was issued in the United Arab Emirates – to regulate the sector, which is developing through clinical trials.

“It is important to have a national stem cell registry so that we can offer better research and treatment as the industry evolves. The UAE is way ahead of others when it comes to regulation and ethical practice as last year we saw the first regulatory guideline for stem cell research and therapy in the UAE was issued.

“We now need a regulatory system across the Middle East and North Africa that will help develop a coordinated approach to stem cell research and therapy.”

dr Asawari Bapat, Conference Chair of MENA Stem Cells Forum and AABB International Ambassador, Advisor to Info Health FZE, Dubai, said: “The UAE will be the center for future stem cell research and therapy as well as stem cell tourism and the way the country is expanding its capacities in of stem cell research.”

dr Timothy Schroeder, Chairman, CEO and Founder of CTI Clinical Trial & Consulting Services said: “We need to tell the rest of the world why stem cell researchers should come to the UAE and treat patients instead of sending the patients to western countries for treatment.

“We are now seeing the development of human organs in the US – that technology and innovation could be brought to the UAE. The UAE will be the center of future stem cell research and so the UAE could also become a center for the stem cell tourism industry.”

Countries from the Middle East and North Africa will boost stem cell research in the coming years to boost research and benefit from stem cell therapies, experts said at the two-day MENA Stem Cells Forum that opened at the Mövenpick Grand. Al Bustan Hotel Dubai.

The two-day conference and exhibition, organized by Great Minds Events Management (GM Events), is attended by more than 250 delegates from more than 15 countries, where more than 30 officials and experts came together to share the latest scientific developments and innovations in the discuss stem cell therapy and related areas. The exhibition includes more than 25 participants.

Middle East countries are sharpening their focus on the $467 billion global stem cell market scrutinized at the two-day MENA Stem Cells Forum in Dubai.

According to a study by Market Watch, the global stem cell market is expected to grow at an incredible 25.5 percent compound annual growth rate (CAGR) from 2018 to $467 billion by 2024.

This significant event comes at a time when the world is struggling to combat the different variants of the COVID-19 virus that are disrupting global growth. Many experts see stem cell research as a possible solution to fight such pandemics in the future.

“The stem cell therapy market encompasses a large number of players involved in the development of stem cell therapies to treat various diseases,” states Market Watch in its report.

“The growth of the market is attributed to the increasing number of clinical trials and increasing adoption of stem cell therapies worldwide. In the context of COVID-19, governmental organizations in different countries, research institutes and many biotech and pharmaceutical companies are focusing on effective and rapid technologies for rapid diagnosis of COVID-19.

“According to a 2020 research article published in the scientific journal aging and disease (2020), mesenchymal stem cells are a safe and effective approach to treating COVID-19. At least 10 projects have been registered in the official international registry of clinical trials involving the use of mesenchymal stem cells in patients with coronavirus pneumonia. However, it is still at an early stage of study in relation to the market studied.”

The MENA Stem Cells Forum is supported by the Dubai Health Authority, Zewail City, the American Board of Regenerative Medicine, the American Academy of Regenerative Medicine and the Association for the Advancement of Blood & Biotherapies (AABB). The event has attracted more than 10 specialized media partners.

dr Hatim Al Abbas – Acting Director, Dubai Cord Blood and Research Centre, United Arab Emirates, says: “Working in the field of stem cell therapy lets you see the light shine again in those innocent eyes worn out by disease, and then see Find out that stem cells are like a miracle. Meeting here in the land of Dubai, the land of wonders, lets us work to make stem cell therapies of all kinds accessible to all.”

The MENA Stem Cells Forum is the first event of its kind in the Middle East and North Africa (MENA) focused on this sector. Important trends and topics such as stem cell banking, scientific research, applications, public awareness and regulations will be discussed at this exclusive meeting.

The event is the region’s largest platform where local, regional and international experts, key opinion leaders, researchers, physicians and other experts from academia and industry share their experiences and knowledge on the latest advances, crucial issues and challenges in stem cell research and Therapy.

Leila Masinaei, Managing Partner, Great Mind Events Management, says: “Stem cell research is an important development that has gained prominence recently and especially in the wake of the COVID-19 pandemic, which many experts believe stem cell research could address Innovation.

“We have decided to create the MENA Stem Cells Forum to engage all stakeholders to focus on this important scientific development that may play a critical role in better health and longevity. More research into biotechnology and stem cells could lead to much better results and increase average life expectancy worldwide.

“We are excited about the initial responses from the health and scientific communities gathered at the MENA Stem Cells Forum. This will greatly contribute to stem cell research in the Gulf and Middle East.”

Stem cell therapy has become a significant and innovative scientific development, giving hope to both healthcare professionals and patients worldwide. Treatment development has achieved great results around the world, particularly in the Middle East and North Africa, where stem cell therapy and regenerative medicine are advancing and spreading rapidly, and if advances continue at their current pace, the region could become one of the world’s centers for biomedical research. In fact, according to the Market Data Forecast, the size of the stem cell market in the Middle East and Africa is estimated at US$2.85 billion by the end of 2026.

The MENA Stem Cells Forum covers all the advances and pressing challenges in the stem cell market through keynote addresses, scientific presentations, panel discussions and more.

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