Cell therapy is a technology based on replacing diseased or dysfunctional cells with healthy cells. The cells most commonly used in these advanced therapies are stem cells, due to their ability to differentiate into the specific cells needed to repair damaged or damaged tissue or cells. disability. In addition, cell therapy finds its application in the development of regenerative medicine, which is a multidisciplinary field to maintain, improve or restore the function of cells, tissues or organs, and using techniques related to cell therapy.
What is cell therapy?
Cell therapy is the transplantation of human cells to replace or repair damaged tissue and/or cells. With new technologies, innovative products, and limitless imagination, many different types of cells may be used as part of a therapy or treatment for a variety of diseases and conditions.
What are the key trends in the cell therapy market report?
The major factor that fuels the growth of the global cell therapy market includes rise in technological advancements in the field of cell therapy, coupled with rise in number of cell therapy clinical studies is the major factor that boosts the market growth. However, competitive pricing offered by local manufacturers is expected growth of the market. On the contrary, developing economies and untapped markets are expected to provide lucrative opportunities for the market growth in the future.
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Covid-19 Situation –
- Covid-19 has encouraged biopharmaceutical innovators around the world to address the human response to the pandemic which, in turn, has had a positive impact on the global gene therapy market. In addition, many groups of biological technology have begun to analyze even the genome of the virus in order to be able to produce a permanent vaccine.
- At the same time, the use of cell therapy has become the main factor in the development of many regenerative medicine.
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The allogeneic segment to maintain the lion’s share –
Based on the type of treatment, the allogeneic segment accounted for nearly three-fifths of the global cell therapy market revenue in 2019 and is expected to lead the way from 2020 to 2027. The rate of cancer recurrence triggers the growth of organs. The autologous segment, on the other hand, will register the fastest CAGR of 26.0% by the end of 2027. The increase in chronic diseases such as autoimmune diseases, cancer and blood diseases is driving the burden of the segment.
North America to dominate in terms of revenue –
Based on region, North America generated the largest share in 2019, holding about half of the global stem cell therapy market. Huge investment by the government and private sector for clinical trials is driving the market growth in the region. At the same time, Asia Pacific will show the fastest CAGR of 31.6% from 2020 to 2027. driving the market growth.
Major Key Market Players in the Industry –
- Osiris Therapeutics, Inc.
- Stemedica Cell Technologies, Inc.
- JCR Pharmaceuticals Co. Ltd.
- NuVasive, Inc.
- Cells for cells
- Kolon Tissue Gene, Inc.
- Medipost Co., Ltd.
- r.l.
- Mesoblast Ltd.
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What are the market values / growth % of emerging countries?
Q2. Which is the most influencing segment growing in the cell therapy market report?
Q3. What is cell therapy used for?
Q4. Which are the top companies hold the market share in cell therapy market?
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Key findings of the study –
- Depending on cell type, the stem cell segment held 56.6% share in the global market in 2019.
- By therapy type, the allogenic segment accounted for the largest cell therapy market share in 2019, and is expected to remain dominant throughout the forecast period.
- On the basis of end user, the academic and research institutes segment held 65.8% share in the global cell therapy market in 2019.
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