USD 18.92 billion
Cell Therapy Market Size, Share, Growth Analysis, By Cell Type(Stem Cell, Non-Stem Cell), Therapy Type(Allogeneic Therapies, Autologous Therapies), Therapeutic Area(Oncology, Cardiovascular Disease, Musculoskeletal Disorders, Dermatology, Others), End User, and Region - Industry Forecast 2024-2031
Report ID:
SQMIG35H2061 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
128
|Figures:
77
Cell Therapy Market Insights
Cell Therapy Market size was valued at USD 3.9 Billion in 2022 and is poised to grow from USD 6.7 Billion in 2023 to USD 190.91 Billion by 2031, growing at a CAGR of 52% during the forecast period (2024-2031).
The cell therapy market is anticipated to expand rapidly due to the rising incidence of chronic diseases, the shifting preference toward regenerative medicine, and the surging number of clinical trials related to cell-based therapies. More people are now suffering from chronic diseases and conditions worldwide. The International Diabetes Federation’s Diabetes Atlas shows that 573 million adults globally were living with diabetes in 2021. This number is expected to rise to 643 million in 2030 and 783 million in 2045.
The increase in funding for cell therapy clinical trials, the adoption of good practices for cell therapy manufacturing, and the success of cell therapy products have become key trends that are expanding firms in this market. The advancement in cell banking facilities along with the subsequent advancement in cell manufacturing, storage, and characterization has strengthened the market’s capability to handle large volumes across the world. Moreover, several organizations provide cell therapy characterization research and analysis services, and hence, contribute to enhancing the manufacturing of cell-based therapeutics. This has led to an enhancement of market revenues recently. The growth of clinical trials can be attributed to the number of funding agencies that have continuously given their approval and funding to projects at different stages of clinical trial phases. In Europe, most of the late phase projects are financed through European Union grants. For Instance, in July 2022, Achilles Therapeutics announced it had been awarded USD 4 million in grant funding for further development of ImmTAC technology. €2 million through Horizon Europe, which is the European Union’s primary research and innovation funding program to support the development of personalized therapy production.
The concept of modified medicine has greatly increased the number of clinical trials. Autologous cell therapies, especially with genetically modified cells, have the advantage of individual treatment with targeted genetic characteristics of patients. It improves the efficacy of treatment plans and reduces side effects, which is a dramatic change in the healthcare model. The field of cell therapy is characterized by a significant level of innovation. The current cell-based therapy is made very effective and safe by latest research and technological developments. These advancements cover several important aspects, such as novel cell sources, improved production processes, and efficient delivery systems.
US Cell Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Consumables
Fastest Growth
Consumables
Growth Rate
14.15% CAGR
Global Cell Therapy Market ($ Bn)
Country Share for North America Region (%)
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Cell Therapy Market Segmental Analysis
Global Cell Therapy Market is segmented by Cell Type, Therapy Type, End User, Therapeutic Area and region. Based on Cell Type, the market can be segmented into Stem Cell (Bone Marrow, Blood, Umbilical Cord-Derived, Adipose-Derived Stem Cell, Others (placenta, and non-specific cells)), Non-Stem Cell. Based on Therapy Type, the market can be segmented into Autologous, Allogeneic. Based on End User, the market is segmented into Hospitals & Clinics, Academic & Research Institutes. Based on Therapeutic Area, the market is segmented into Malignancies, Musculoskeletal Disorders, Autoimmune Disorders, Dermatology, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Therapy Type
The autologous therapy segment held the largest share in the market in 2023 with 91%. This growth is due to the increasing use of different CAR-T therapies that have demonstrated positive results in managing various types of cancer and genetic diseases. Some of these therapies have been approved by the FDA, and the expansion of their use is in progress. For instance, in February 2022 the U. S. FDA approved ciltacabtagene autoleucel (Carvykti) for the treatment of adult patients suffering from multiple myeloma that is unresponsive to other treatment or has relapsed after treatment.
The allogeneic cell therapy segment is expected to grow rapidly from the year 2024 to 2030. This growth is due to its use in creating new therapeutic regimes for treating diseases. At present, there are 542 allogeneic CAR-T products in the development phase worldwide, and many of them are demonstrating favorable outcomes. For instance, Adapt immune Ltd. partnered with Genentech to develop allogeneic therapies from iPSCs; the company wants to develop T-cells with more division capabilities than mature T-cells.
Analysis by Therapeutic Area
The oncology segment was also the largest revenue generating segment in the market in 2023. Anti-CD19 CAR T-cells have shown high and durable response rates in patients with acute lymphocytic leukemia (ALL). Furthermore, there has been a rising trend in the number of FDA approvals for novel therapies, which is expected to foster development in the market. For instance, in October 2021, the U. S. FDA approved brexucabtagene autoleucel (Tecartus) as a CAR T cell therapy for B-cell precursor ALL for patients who did not respond to the initial treatment or have a relapse. This approval made brexucabtagene the first CAR T therapy for adults with ALL.
The musculoskeletal disorders segment is expected to witness high market growth in the next few years. There is significant interest in technologies that seek to repair or replace damaged musculoskeletal tissues. Scientists are focusing on clinically relevant cell sources for therapies targeting musculoskeletal tissue degeneration. They are also investigating the careful and targeted use of engineered or native skeletal progenitor cells to promote tissue healing and activate musculoskeletal tissues. These efforts are expected to drive the growth of this segment. This segment is expected to be driven by these efforts.
Global Cell Therapy Market Size By Therapy Type (%)
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Cell Therapy Market Regional Insights
North America emerged as the largest revenue market in 2023, with a share of approximately 58%, and the joint research activities between the research institution and the large pharmaceutical firm. Many developments are being witnessed in the region through these partnerships. For instance, in June 2022, Immatics entered into a collaboration agreement with Bristol Myers Squibb for the development of Gamma Delta Allogeneic Cell Therapy Programs. Government funding also plays an important role in the growth of the market in the United States. For instance, in January 2022, Cellino Biotech said it had secured about $80 million in a Series A funding round from 8VC, Felicis Ventures, and others. The company aims to leverage these funds to increase the availability of stem cell-derived treatments and establish the first independent human cell foundry by 2025.
The Asia Pacific region is expected to witness a high growth rate during the forecast period owing to the growing demand for cell therapy. Some of these drivers include increased knowledge of new treatments, increased funding, and expected positive changes in government policies. For instance, in June 2022, Tessa Therapeutics Ltd. disclosed that it has closed series funding rounds worth USD 126 million for enhancing the research of the following generation cancer treatments. Likewise, the market in South Korea is poised to offer good growth prospects owing to the various strategies adopted by domestic and global players.
Global Cell Therapy Market Size By Geography
- Largest
- Fastest
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Cell Therapy Market Dynamics
Cell Therapy Market Driver
Rising Incidence of Chronic and Infectious Diseases
- Cell therapy is crucial in offering the diagnosis, staging and prognosis of various diseases such as HIV/AIDS, cancer and infectious diseases. It also makes it possible for the researchers and healthcare professionals to obtain useful information on diseases’ dynamics, etiology and treatment outcomes by adopting unique cellular-based platforms. Some of the reasons include population increase across the globe, climatic changes and close contact between man and animals which makes it easier for new viruses to emerge. This is because cell therapy research and applications provide solutions to these challenges by availing enhanced diagnostic techniques, curative measures, and information on disease processes.
An Increase in R&D Activities
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The growth of R & D and the growing investment from public and private organizations are likely to drive the growth of the market. For Instance, U. S. healthcare spending increased by 3. From 1.4% in 2019 to 4% in 2021, as per the Health Care Price Index (HCPI), showcasing a significant increase in growth. This comes after federal spending reduced from $287 billion in 2020 to $170 billion in 2021. The increasing cases of chronic diseases have led to increased use of stem cell therapy in the United States and Europe due to early diagnosis and treatment. Therefore, there is a growing concern about therapeutic drugs, which has led both the primary and secondary markets to develop different strategies to address the issue. These factors are expected to drive market growth and contribute towards the development of more sophisticated technologies to support the growing market.
Restraints
High Cost of Cell Therapy Treatments
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The high price of cell therapy has been a major factor that has slowed the growth of the global market. However, while the demand for such sophisticated treatments increases, the prices are still very steep for most people. A basic joint injection may cost as high as one thousand US dollars, while a complicated procedure may cost as much as one hundred thousand US dollars. In the United States, the average cost of stem cell treatment was estimated to be between $4,000 and $8,000 per patient in 2020. They include factors such as improved extraction and processing techniques, legal requirements, use of special equipment and structures, research and development activities, and the need for highly qualified personnel in healthcare services. Therefore, high costs associated with cell therapy treatments remain a significant barrier to market entry and slow the expansion of this sector.
Ethical Concerns Regarding Embryonic Stem Cells
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Ethical concerns regarding embryonic stem cells have significantly restrained the advancement of stem cell therapy in the market. These concerns primarily focus on the source of embryonic stem cells, which are often derived from human embryos, leading to ethical dilemmas about the destruction of potential life. Regulatory frameworks and public opinion in various regions play critical roles in shaping the environment for stem cell research and therapy. Stringent regulations and ethical considerations can limit the development and application of embryonic stem cell-based therapies, consequently impacting the overall growth and acceptance of stem cell therapy in the market.
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Cell Therapy Market Competitive Landscape
The cell therapy market is characterized by intense competition, with numerous key players striving to advance their technologies and expand their market share. Major companies are at the forefront, leveraging their extensive R&D capabilities and robust pipelines to develop innovative therapies. Startups and smaller biotech firms like Adapt immune Therapeutics and Bluebird Bio are also making significant strides, often focusing on niche areas and forming strategic partnerships to enhance their offerings. Additionally, the market sees substantial activity in mergers and acquisitions, as companies seek to consolidate resources, expand their geographical reach, and accelerate product development. The competitive landscape is further shaped by collaborations between research institutions and pharmaceutical giants, aiming to harness cutting-edge technologies and bring novel cell therapies to market more rapidly.
Cell Therapy Market Top Players' Company Profiles
- Thermo Fisher Scientific, Inc. (US)
- Merck KGaA (Germany)
- Danaher Corporation (US)
- Becton, Dickinson, and Company (US)
- Lonza Group (Switzerland)
- Sartorius AG (Germany)
- Nkarta, Inc. (US)
- Aurion Biotech (US)
- S. BIOMEDICS (Europe)
- MEDIPOST (South Korea)
- Anterogen Co., Ltd. (South Korea)
- JW Therapeutics (China)
- JCR Pharmaceuticals Co., Ltd. (Japan)
- Johnson & Johnson Services, Inc (US)
- Bristol-Myers Squibb Company (US)
- Gilead Sciences, Inc. (US)
- Novartis AG (Switzerland)
- Intellia Therapeutics (US)
- Iovance Therapeutics (US)
- CRISPR Therapeutics (Switzerland)
Cell Therapy Market Recent Developments
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In October 2023, Nekarta, Inc. announced the FDA's approval of an IND application to investigate NKX019, its allogeneic, CD19-directed CAR NK cell therapy candidate, for the treatment of lupus nephritis.
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In June 2023, Vertex Pharmaceuticals Incorporated and Lonza announced a joint venture aimed at streamlining the manufacturing process for Vertex's portfolios of investigational stem cell therapies. These therapies are intended to assist individuals with Type 1 Diabetes (T1D), with particular emphasis on advancing the VX-880 and VX-264 programs currently in clinical trials.
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In May 2023, Johnson & Johnson entered into a global collaboration and licensing agreement with Cellular Biomedicine Group to advance the development of next-generation CAR-T therapies.
Cell Therapy Key Market Trends
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Increase in Funding for Clinical Studies Focused on Cell Therapy: Some of the significant factors that have led to the rise of businesses include more funding for clinical research, implementation of manufacturing best practices, and high sales of new products. Also, threats include a low cost of stem cell treatments that has made consumers interested in them. The advancements made in cell banking facilities have helped to add more capacity to the market to produce, store and characterize cells so that large volumes of cells can be handled effectively. The above infrastructure has in one way or the other boosted the market to better revenue inflows in the recent past. The increase in the number of clinical studies can be because of the backing from both public and private funding agencies that continue to offer approval and funding across phases of clinical trials. most of the advanced projects in Europe get grants from the EU, for instance; the USD 4. This project is implemented within the framework of the “Horizon Europe” program, and under its auspices, Achilles Therapeutics received a grant of 2 million dollars. This funding is crucial in the progress of personalized therapy delivery. Moreover, the expanded usage of stem cell treatments in autoimmune and metabolic diseases demonstrates the role of stem cells in therapeutic applications.
Cell Therapy Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the cell therapy market is experiencing significant growth driven by advancements in biotechnology, increased funding for research and clinical studies, and the rising prevalence of chronic and autoimmune diseases. Innovations in cell therapy techniques, such as CAR-T and stem cell therapies, are enhancing treatment efficacy and expanding therapeutic applications. The market is further supported by strategic collaborations and partnerships between pharmaceutical companies, biotech firms, and research institutions, which are accelerating the development and commercialization of new therapies. Despite high treatment costs posing a barrier, ongoing efforts to streamline manufacturing processes and regulatory approvals are expected to make these therapies more accessible, fueling further market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.9 Billion |
| Market size value in 2031 | USD 190.91 Billion |
| Growth Rate | 52% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cell Therapy Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cell Therapy Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cell Therapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cell Therapy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cell Therapy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cell Therapy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Cell Therapy Market Report Snapshots
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