According to a new report by Reports and Data, the Global Cell Therapy Market size is expected to reach USD 8.75 Billion from USD 5.79 in 2019, at a CAGR of 5.6% through 2027. The market growth is driven by increasing target disease prevalence and growing demand for precision medicine.
Cell therapies are widely used in regenerative medicine, especially for immunogenic and degenerative pathologies. Some of the common types of cell therapies are the transfusion of red or white blood cells, platelets transfusion from a donor, transplantation of hematopoietic stem cells to form bone marrow, and others.
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The oncology application of cell therapy is witnessing major traction due to a significant increase in the number of pipeline projects for the treatment of cancer or tumors. The establishment of a vast number of cancer societies, proven effectiveness of transplants, the establishment of effective guidelines for stem cell therapy, and the introduction of advanced genomic analysis techniques, are the key factors stimulating cell therapy market growth. The rise in clinical trials across the globes will also foster market size through 2027. However, regulatory hurdles, pharmacological and manufacturing issues may act as negative impact rendering factors for cell therapy market growth.
Based on therapy type, the allogeneic stem cell therapy segment dominated the global market share in 2019 and is estimated to gain traction on account of rising cases of cancer relapse. This therapy aids the production of immune stem cells in the human body, which can kill remaining cancer cells after a high-dose of cytotoxic drug treatment. The allogeneic stem cell therapy is generally prescribed to patients having a high risk of relapse after successful treatment of chemotherapy.
On the basis of end-use, the hospitals and clinics segment is forecast to witness a notable growth rate of 5.8% over the analysis period. The robust growth can be attributed to the rise in the number of pipeline projects over the past few years. The CRI (Cancer Research Institute) estimates that the number of projects reached 1,011 in 2019 from 753 in 2018.
In the regional landscape, North America is anticipated to dominate the cell therapy market with a notable revenue share on account of a huge amount of funding by private and government firms for clinical trials. Europe is expected to account for 25.9% of the cell therapy market revenue share over the forecast period. The APAC region is estimated to register a CAGR of 6.7%, holding 21.8% of the market share on account of the high prevalence of cancer and the associated demand for cell therapies.
Companies profiled in the Global Cell Therapy Market are:
- JCR Pharmaceuticals Co. Ltd.
- Kolon TissueGene, Inc.
- Fibrocell Science, Inc.
- PHARMICELL Co., Ltd.
- Osiris Therapeutics, Inc.
- Cells for Cells
- Stemedica Cell Technologies, Inc.
- ANTEROGEN Co., Ltd.
- Vericel Corporation
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Cell Therapy Market: Segmentation
For the purpose of this report, Reports And Data has segmented the Global Cell Therapy Market on the basis of therapy type, therapeutic area, cell type, end-user, and region:
Therapy Type Outlook (Revenue, USD Billion; 2017-2027)
- Allogenic Stem Cell Therapy
- Autologous Stem Cell Therapy
Therapeutic Area Outlook (Revenue, USD Billion; 2017-2027)
- Autoimmune Disorders
- Musculoskeletal Disorders
Cell Type Outlook (Revenue, USD Billion; 2017-2027)
- Stem Cells
- Non-Stem Cells
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Academic & Research Institutes
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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