USD 18.92 billion
Report ID: SQMIG35H2061 | Region: Global | Published Date: October, 2022 | Pages: 157 | Tables: 128 | Figures: 77
Cell Therapy Market size was valued at USD 18.92 billion in 2021 and is poised to grow from USD 21.6 billion in 2022 to USD 71.07 billion by 2030, growing at a CAGR of 14.15% in the forecast period (2023-2030).
The growing number of clinical trials for cell-based treatments is driving the cell therapy industry. As a result, there has been a significant increase in worldwide investment in research and clinical translation. The presence of government and commercial funding bodies that are continuously giving funds to assist projects at various phases of clinical trials can be linked to the growing number of ongoing clinical studies.
In addition, advances in the field of regenerative medicine are likely to lead to more effective treatment options for chronic illnesses. Several businesses in U.S. and Canada are at the vanguard, attempting to profit from the market for cell therapy's untapped potential.
US Cell Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 18.92 billion
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The global cell therapy market is segmented based on use-type, therapy type, product, technology, application, and region. based on use-type the cell therapy market is categorized into clinical-use, by therapeutic area, malignancies, musculoskeletal disorders, autoimmune disorders, dermatology, by cell type, stem cell therapies, BM, blood, & umbilical cord-derived stem cells, adipose-derived cells, non-stem cell therapies, research-use.
Based on therapy type the cell therapy market is categorized into allogenic therapies, autologous therapies. based on product it is categorized into consumables, equipment, systems, and software.
Based on technology the cell therapy market is categorized into viral vector technology, genome editing technology, somatic cell technology, cell immortalization technology, cell plasticity technology, and three-dimensional technology.
Based on the region the cell therapy market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Cell Therapy Market Analysis by Product
The Global Cell Therapy Market is divided into three categories: consumables, equipment, and systems and software. In 2022, the consumables category held the greatest proportion of the cell therapy technologies market. Factors such as increased company investments in developing improved products, as well as government measures to improve cell-based research, are driving the growth of the cell therapy consumables market.
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In 2020, North America is expected to have the biggest market share of 42.0%. The existence of a significant number of institutions and institutes involved in stem cell treatment research and development accounts for the region's large share. Five of the eight top colleges in the world are situated in the United States, including Stanford University's Institute for Stem Cell Biology and Regenerative Medicine, Harvard University's Harvard Stem Cell Institute, and Yale University's Yale Stem Cell Center. Over the projected period, the market for cell therapy in the Asia Pacific is expected to develop at a profitable rate. The growing investment by developers and customers in self-education for sophisticated medical therapies is expected to enhance the income generated by the region's expanding economies. In Asian nations, there are a number of stem cell consortiums whose goal is to ensure that R&D activities are well-coordinated and targeted. Furthermore, because of the legal framework's flexibility, patients from Western nations have been spotted migrating to Asian countries for treatment.
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Cell Therapy Market Driver
Rise in Funding to Unveil Growth Opportunities for Market Expansion
Cell Therapy Market Restraint
Lack of Skilled Personnel to Create Market Challenges
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Companies are getting FDA permission for stem cell treatment for a variety of disorders and infections. For example, in September 2020, the FDA granted Stemedica Cell Technologies, Inc. Investigational New Drug permission to undertake phase II studies of intravenously delivered allogeneic MSCs in covid-19 patients. Ischemic-tolerant MSCs have various characteristics that make them an appealing potential biological treatment for COVID-19, including immunomodulatory effects, limited immunogenicity, and the ability to inhibit excessive pro-inflammatory responses.
Cell Therapy Market Top Players' Company Profiles
Cell Therapy Market Recent Developments
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According to the global cell therapy market report analysis, cell-based therapies have the potential to replace, repair, restore, or regenerate damaged tissues and organs. Researchers are investing heavily in the development of such effective and safe treatments as an alternative to conventional treatment strategies, which is attributed to market growth. The timely delivery of therapies to patients at required clinical sites is one of the most pressing issues confronting market participants. Furthermore, the administration of these therapeutics poses a number of post-pandemic challenges. Hospitals are hesitant to provide services due to concerns about SARS-CoV-2 transmission, particularly to vulnerable individuals.
|Market size value in 2021||USD 18.92 billion|
|Market size value in 2030||USD 21.6 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cell Therapy Market:
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