New York, USA, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Cell Therapy Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), "Cell Therapy Market Information by Type, Product, Technique, Technology, Cell Source, Application, End Users, and Region - Forecast till 2030”, the market will flourish at a robust CAGR of over 9.3% to reach market value of USD 26.9 Billion during the assessment period 2022-2030.
Cell Therapy Market Scope:
Cell therapy, often known as cryotherapy, is a procedure in which a patient receives live cells through graft, implant, or injection in order to trigger a healing response in the body. Numerous different types of cells may be used as part of a therapy or treatment for a number of diseases and disorders with the help of new technologies, inventive products, and infinite imagination. As the research progresses, various cell types will be researched for possible applications and developed into therapeutics as innovative cell therapies. However, in recent years, stem cell and cell transplantation have drawn a lot of attention from researchers as a potential new therapeutic approach for a variety of diseases, particularly for immunogenic and degenerative disorders. Several clinical indications in numerous organs are the focus of cell therapy, which uses a variety of cell delivery methods. Therefore, a variety of unique mechanisms of action are used in the treatments.
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Report Scope:
| Report Attribute | Details |
| 2030 Market Size | USD 26.9 Billion |
| CAGR | 9.3% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Product, Technique, Technology, Cell Source, Application and End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing adoption of regenerative medicine |
| Rise in cell therapy transplantations globally |
Cell Therapy Market Competitive Dynamics:
The key players of the market are
- Mesoblast Ltd
- Vericel Corporation
- Osiris Therapeutics, Inc
- Jcr Pharmaceuticals Co., Ltd
- Nuvasive, Inc
- Pharmicell Co., Ltd
- Rti Surgical Holdings, Inc
- Allosource
- Holostem Terapie Avanzate S.R.L
- Medipost Co., Ltd
Cell Therapy Market Dynamics:
Market Drivers:
The market for cell treatment has shown rapid expansion in recent years. The development of vegetable seeds as a result of technology is primarily responsible for the market's expansion. In addition, it is anticipated that factors including the need for private companies to increase their seed production capacity in order to remain competitive and the strong demand for organic seeds would fuel the market's expansion over the period of forecasting.
The market is primarily driven by the increase in cell-based therapy clinical investigations. As a result, there has been a large global investment in research and its clinical application. The existence of public and private financing organizations, which frequently provide funds to support initiatives across multiple stages of clinical trials, can be credited with the rise in the number of ongoing clinical trials.
Additionally, regenerative medicine is making a number of strides, which are further anticipated to provide effective treatment options for chronic illnesses. In order to take advantage of the market for cell therapy's untapped potential, some businesses in developing nations like Canada are leading the way.
Additionally, market expansion has been facilitated by the gradually emerging new technologies that support the development of innovative therapies. One of the main strategies for using a single product to produce a strong portfolio of prospects is the development of proprietary cell lines.
Market Limitations
On the other hand, the unfavorable climate is anticipated to hinder the market for cell treatment during the next few years.
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Cell Therapy Market COVID-19 Analysis:
The growth of the COVID 19 pandemic this year may have an impact on the size of the global cell therapy market. The market for cell therapy has been disrupted to a certain extent as a result of the enormous efforts being made to contain the COVID-19 outbreak. Since many institutions throughout the world have slowed down their enrollment procedures for clinical trials as well as for all other research activities, progress in continuing research is a problem.
Cell Therapy Market Segmentation:
By Type
In comparison to the allogeneic cell therapy segment, the autologous cell therapy segment has the potential to grow significantly.
By Product
The spike in the consumables segment throughout the study period is probably influenced by the high prevalence of infectious diseases.
By Technique
The popularity of stem cell therapy has grown in recent years and is predicted to increase at a notable CAGR during the assessment period.
By Technology
The segment for genome editing technology is anticipated to increase at the fastest rate in the near future.
By Cell Source
In the near future, the market may experience growth due to an increase in bone marrow transplant cases and ischemic heart disease treatment facilities.
By Application
Oncology is anticipated to grow at a significant CAGR during the study period.
By End-user
Over the research period, the hospital and clinics segment is anticipated to have a significant market value.
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Cell Therapy Market Regional Analysis:
In the research period, it is projected that the growth in the healthcare industry brought on by the increase in startups will drive the APAC cell therapy market. In addition, there will be a growing demand for sophisticated pharmaceuticals due to the large number of people who will soon be suffering from degenerative diseases. Revenue from the emerging economies of this region is expected to increase as a result of the rising investments made by both innovators and consumers in educating themselves about sophisticated medical therapies. A number of stem cell consortiums exist in Asian nations with the goal of assuring coordinated and targeted R&D initiatives. Due of the accommodating legal systems, patients from western nations are also known to travel to Asia for medical treatment.
The Americas can control around 37.6% of the global market. Through the study period, the local market is expected to grow at a CAGR of 21.45%. The existence of multiple healthcare service and solution providers in North America will be advantageous to the industry during the study period.
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The European cell treatment market might be worth more than USD 6,357.79 million during the forecast period. Other factors influencing the market's growth include the high average annual income across all nations and an increase in the health budget allocated to the treatment of chronic illnesses.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
