Cell Therapy Market Outlook
The cell therapy market will capture a phenomenal CAGR of 22.36% between 2020 and 2027. Additionally, the market size shall be touching around USD 20,217.00 Mn by 2027-end, says Market Research Future (MRFR).
With the disconcerting surge in cancer cases across the globe and a huge patient pool remaining unresponsive to several alternative treatment, the demand for cell therapy has risen considerably over the years. Cancer is a deadly disease that has affected a large portion of the world, inflicting not only the adults but kids as well. The condition entails the use of advanced therapeutic treatments for ensuring the patient’s life quality. Therefore, the soaring focus on developing highly efficient and novel therapies for addressing every symptom will further bolster the cell therapy industry share worldwide in the ensuing years.
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Introduction of modern cell therapies for several clinical areas such as diffuse large B-cell lymphoma (DLBCL), mantle cell lymphoma (MCL), acute lymphoblastic leukemia (ALL), multiple myeloma (MM), chronic lymphocytic leukemia (CLL), follicular lymphoma (FL), and more will also favor the global market. The mushrooming geriatric patient base coupled with the escalating cases of lymphoma and leukemia worldwide will further present attractive opportunities to the major firms in the following years.
The regenerative medicine field has been experiencing a host of advancements, which should further present efficient treatment solutions for a number of chronic disorders. Numerous companies in developing markets are right at the forefront, trying to capitalize on the significant potential of the cell therapy market. For instance, in February 2022, the Cell and Gene Therapy Catapult, the independent technology and innovation organization, partnered with MICA Biosystems, the renowned medical technology firm, for advancing the latter’s regenerative medicine technology to the Medicines and Healthcare products Regulatory Agency (MHRA) of the UK. MICA has come up with a remote-controlled stem cell platform with respect to regenerative medicine that make use of nanotechnology. The platform’s initial use is largely for spinal fusion, however; in the coming years the company will be making use of the technology for regenerative medicine.
Cell Therapy Market Segmentation
The several types of cell therapy in the global market are autologous as well as allogeneic.
Product-wise, the key segments include consumables (reagent/ vessel/ serum/ media), software, as well as equipment.
Some of the major techniques listed in the cell therapy market report are stem cell therapy, cell vaccine, fibroblast cell therapy, adoptive cell transfer (act), and chondrocyte cell therapy.
Technologies covered include cell immortalization technology, viral vector technology, along with genome editing technology.
The cell sources mentioned are adipose tissue, umbilical cord blood-derived cells, and bone marrow.
A few major applications of cell therapy are oncology, cardiovascular disease (CVD), orthopedic, and wound healing.
Cell Therapy Market Regional Status
With rapid developments in the healthcare sector and soaring number of start-ups, APAC will emerge as the top cell therapy market in the next few years. Massive demand for effective medications to treat the surging cases of degenerative disorders should also elevate the market position. China shall emerge as the top performer in the region over the years ahead, thanks to the rapidly developing healthcare infrastructure and the rise in disposable incomes.
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The American market will seize close to 37.6% share in the global market by 2027 and will most likely capture a growth rate of 21.45% during the given period. Presence of established healthcare services providers in the United States has been favorable for the country in the regional market.
Cell Therapy Market Leading Firms
Maharashtra Hybrid Seeds Company Private Limited (India) Sakata Seed Corporation (Japan), Syngenta AG (Switzerland), Terra Agro Biotech Pvt. Ltd (India), Mahindra Agri Solutions Pvt. Ltd (India), UPL Limited (India), W. Atlee Burpee & Co (US), Alabama Farmers Cooperative, Inc (US), Kitazawa Seed Company (US), Western Bio Vegetable Seeds Ltd (India), are the most eminent cell therapy developers highlighted in the study
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