Cell Therapy Market Overview
Global cell therapy market size is expected to reach USD 20.21 billion at 22.36% CAGR by 2023, as per MRFR findings.
Market Dynamics
A subspecialty of regenerative medicine is autologous cell therapy. It entails the use of biologic cell-based therapies to treat a variety of diseases, including those associated with oncology, dermatology, and neurology. In comparison to allogeneic cell therapy, autologous cell therapy is expected to command a sizable market share. The need for more effective therapies for diseases such as cancer and cardiovascular disease has resulted in an overall increase in research activity and funding for cell-based research. The favorable funding environment is driving demand for cell therapy research equipment, media, reagents, and accessories.
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Segmental Analysis
The Global Cell Therapy Market is segmented on the basis of type into autologous and allogeneic. Autologous cell therapy has the potential to significantly outperform allogeneic cell therapy in terms of market share.
The Global Cell Therapy Market is segmented by product, including consumables (vessel/reagent/media/serum), software, and equipment. Infectious diseases’ high prevalence is likely to contribute to the consumables segment’s growth during the review period.
The Global cell therapy market is segmented according to technique into cell vaccines, stem cell therapy, fibroblast cell therapy, adoptive cell transfer (act), and chondrocyte cell therapy.
The Cell Therapy Market is segmented by technology, including cell immortalization, viral vector technology, and genome editing technology.
The market is segmented based on cell source, including adipose tissue, bone marrow, and umbilical cord blood-derived cells. Increased bone marrow transplantation and expansion of treatment facilities for ischemic heart diseases are expected to boost the market in the near future.
The cell therapy market is segmented by application into cardiovascular disease (CVD), oncology, wound healing, and orthopedic.
The market is segmented by end-users, including regenerative medicine centers, hospitals & clinics, and research institutes.
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Regional Overview
The expansion of healthcare business as a result of the increase in startup activity is expected to boost the APAC cell therapy market during the review period. Additionally, the growing demand for modern medications as a result of the large number of people suffering from degenerative diseases will support the market’s growth in the near future.
By 2023, the Americas can claim a market share of approximately 37.6 percent of the global market. The regional market has the potential to expand at a CAGR of 21.45 percent over the review period. The presence of numerous healthcare service and solution providers in North America may benefit the market during the review period.
By 2023, the European cell therapy market could be worth more than USD 6,357.79 million. High annual incomes across countries and annual increases in health spending on chronic disease treatment are additional factors contributing to the market’s growth.
Competitive Dynamics
The notable 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.
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Table Of Content
1 Executive Summery
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 Assumptions & Limitations 15
2.3.1 Assumptions 15
2.3.2 Limitations 15
2.4 Market Structure 16
3 Research Methodology
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 19
3.4 Market Size Estimation 20
3.5 Forecast Model 20
4 Market Dynamics
4.1 Introduction 21
4.2 Drivers 22
4.2.1 Rise In Number Of Cell Therapy Clinical Studies 22
4.2.2 Rising Adoption Of Regenerative Medicine 22
4.3 Restraints 23
4.3.1 Ethical Concerns Related To Stem Cell Research 23
4.3.2 Stringent Regulatory Policies 23
4.4 Opportunities 23
4.4.1 Entering Developing Economies 23
5 Market Factor Analysis
…TOC Continued..
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