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Cell Therapy Technologies Market Outlook: Global Market To Rise At 14.2% CAGR by 2030

February 8th, 2021 Wise Guy Research Consultants Pvt. Ltd. Releases

Product Overview

Cell therapy, also known as cytotherapy or cell therapy, is a type of biotherapy that is used to produce cell-based drugs and therapeutic strategies. This therapy refers to the biological activities carried out by the cells which, in vivo or in vitro, would lead to the desired result. An increasing number and variety of suitable cell types have been established for external administration in recent years.

Market Highlights

Cell Therapy Technologies Market is expected to project a notable CAGR of 14.2% in 2030.

Cell Therapy Technologies Market to surpass USD 6.7 billion by 2030 from USD 2.2 billion in 2018 at a CAGR of 14.2% throughout the forecast period, i.e., 2019-30. Emerging economies such as Australia and China are expected to provide players in the industry with a wide range of growth opportunities powered by their large and rising populations, as well as a rise in the number of clinical trials and personalized medicine investments in these countries.

Cell Therapy Technologies Market: Segments

System and Software segment to grow with the highest CAGR of 6.32% during 2019-30

Cell Therapy Technologies Market is segmented by product as consumables, equipment, and systems & software. The greater market share of 41% in 2018 was accounted by equipment consumables segment of the cell therapy technologies market. Growing industry investment in the development of advanced products along with government initiatives to boost cell-based research are contributing to the growth of the market for consumables in cell therapy. Increases in funding and space investments to enable the launch of new businesses are projected to fuel organic sales growth in the cell therapy industry. In partnership with clients and other stakeholders, biomanufacturing companies work to boost the clinical development and commercial production of these therapies.

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Cell Therapy Technologies Market: Market Dynamics

Drivers

Rising government investments in cell-based research

The growth of the market is motivated by increased funding from the government and private organizations to support clinical trials of cell therapy and the implementation of appropriate guidelines for the development of cell therapy. The growth of cell banking facilities and the subsequent expansion of cell processing, storage, and characterization are enhancing the cytotherapy market’s volumetric capabilities globally.

Restrain

The dearth of skilled professionals

In the last decade, despite technical advancement and product growth, the lack of a skilled workforce to operate complex instruments, such as flow cytometers and multi-mode readers, has affected the market. A broad array of data outputs is produced by technologically advanced and highly complex flow cytometers and spectrophotometers that require analysis and review expertise. For trained practitioners worldwide, however, there is a demand-supply divide.

Cell Therapy Technologies Market: Regions

Cell Therapy Technologies Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Cell Therapy Technologies Market in North America held the largest market share of XX.X% in the year 2018 and will continue its lead through the forecast period. The growing incidence of CVD, increasing healthcare expenditure, increasing disposable income, increasing healthcare awareness, and the availability of technologically advanced devices in the area can be attributed to the large share of this market segment. One of the main factors driving the cell therapy market in North America is the involvement of leading universities such as the Institute of Stem Cell Biology and Regenerative Medicine, Stanford University, and Yale Stem Cell Center that support research activities in the US. In addition, the industry is powered by strong legislative and funding support from federal bodies for the growth of this arena in the United States as well as Canada. In addition, the government of Japan has recognized regenerative medicine and cell therapy as a key contributor to economic growth in the region. The attention of global players to the Asian market has been positively affected by this, thus driving marketing operations in the region.

For Any query: https://www.wiseguyreports.com/enquiry/6136702-cell-therapy-technologies-market-outlook-2030-industry-insights

Cell Therapy Technologies Market: Key Players

  • Thermo Fisher Scientific Inc. (US)

o Company Overview

o Business Strategy

o Key Product Offerings

o Financial Performance

o Key Performance Indicators

o Risk Analysis

o Recent Development

o Regional Presence

o SWOT Analysis

  • Merck KGaA (Germany)
  • MaxCyte (US)
  • Danaher Corporation (US)
  • Becton, Dickinson and Company (US)
  • Lonza Group (Switzerland)
  • Sartorius AG (Germany)
  • Terumo BCT (US)
  • Fresenius Medical Care AG & Co. KGaA (Germany)
  • Avantor, Inc. (US)
  • Bio-Techne Corporation (US)
  • Corning Incorporated (US)
  • FUJIFILM Irvine Scientific (US)
  • Werum IT Solutions GmbH (Germany)
  • RoosterBio Inc. (US)

Cell Therapy Technologies Market report also contains analysis on:

Cell Therapy Technologies Market Segments:

By Product:

  • Consumables
  • Equipment

o Cell Processing Equipment

o Single-use Equipment

o Other Equipment

  • Systems & Software

By Cell Type:

  • T-cells
  • Stem Cells
  • Other Cells

By End-User:

  • Clinical-use

o By Therapeutic Area

 Malignancies

 Musculoskeletal Disorders

 Autoimmune Disorders

 Dermatology

 Others

o By Cell Type

 Stem Cell Therapies

 BM, Blood, & Umbilical Cord-derived Stem Cells

 Adipose derived cells

 Others

o Non-stem Cell Therapies

  • Research-use
  • Cell Therapy Technologies Market Dynamics
  • Cell Therapy Technologies Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

 

Table of Content

  1. Executive Summary
  2. Cell Therapy Technologies Market
  3. Research Methodology
  4. Average Pricing Analysis
  5. Macro-Economic Indicators
  6. Market Dynamics
  7. Correlation & Regression Analysis
  8. Recent Development, Policies & Regulatory Landscape
  9. Risk Analysis
  10. Cell Therapy Technologies Analysis
  11. Cell Therapy Technologies Market
  12. Cell Therapy Technologies: Market Segmentation
  13. Company Profile

Read Other Reports from our Database :

http://www.marketwatch.com/story/active-pharmaceutical-ingredients-market-2020-global-trend-segmentation-and-opportunities-forecast-to-2026-2021-01-04

http://www.marketwatch.com/story/hospital-furniture-market-2020-global-trends-market-share-industry-size-growth-opportunities-and-market-forecast-to-2029-2021-01-04

About Us:

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.

 

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