Polaris Market Research recently published a research report on “Cell Therapy Technologies Market Share, Size, Trends, Industry Analysis Report, By Product; By Process; By Cell Type (T-Cells, Stem Cells, Other Cells); By End-Use; By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global cell therapy technologies market size was valued at USD 3.86 billion in 2021 and is expected to reach USD 12.27 Billion by 2030, growing at a CAGR of 14.5% during the forecast period.
What are Cell Therapy Technologies? How Big is Cell Therapy Technologies Market Size Value?
- Overview
Cell therapy, also known as cellular therapy, is the process of injecting or implanting viable cells into the patient’s body to replace damaged tissue and/or cells. It is related to biological activities and used in various drug development, therapeutic treatments which are based on cells. In cell therapy technologies, innovative products are utilized for the treatment of a variety of diseases and conditions. These technologies find applications in clinical research for HIV/AIDS, cancer, and numerous infectious diseases.
Hematopoietic stem cells (HSC), skeletal muscle stem cells, mesenchymal stem cells, lymphocytes, dendritic cells, and pancreatic islet cells are some types of cells used in the therapy. Several key factors driving the cell therapy technologies market demand include increasing investments by the government in cell-based research, a large number of oncology-related cell therapy clinical trials, and the growing prevalence of infectious and chronic diseases.
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Key Highlights of the Report
- Market Overview: Current situation, size, share, and forecast outlook.
- Competitive Insights: Competitor’s overview, company share analysis, key developments, and key strategies
- Market Segmentation: By type, by application, by end-user, by region.
- Key Dynamics: Drivers, restraints, unmet needs, and trends that are currently affecting the market.
- Regional Overview: Region-specific growth and developments in the market.
Some of the Top Market Players Are:
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Danaher Corporation
- Becton
- Dickinson and Company
- Lonza Group
- Sartorius AG
- Terumo BCT
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Growth Driving Factors
- Rising R&D activities in CAR-T therapy is boosting the market growth
Rising research and advancements in cell-based immunotherapies such as CAR-T therapy and a surge in demand for advanced treatments for diseases like cancer and cardiovascular diseases (CVDs) are expected to fuel the cell therapy technologies market size over the foreseen period. The growing application of this therapy to replace damaged heart muscle and enhance cardiac function is another factor boosting the market development. Also, the increasing GMP certifications for cell therapy production facilities are propelling the industry’s growth.
Moreover, the growing population and changing climate which has led to an increase the threat of new virus outbreaks. An increasing number of different strategic moves, including mergers and acquisitions employed by the leading companies, is further anticipated to positively influence the market evolution. In addition, growing R&D activities by players are propelling the cell therapy technologies market sales for cell therapy technologies.
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Recent Developments
- In February 2021, RepliCel introduced its plan to commercialize and test three innovations in Japan, which include two cell-based treatments, one for tendon regeneration and the other for skin rejuvenation.
- In October 2020, NoveCite and Novellus Therapeutics Limited announced a partnership to develop and market NoveCite iPSCs for treating COVID-19-associated acute respiratory distress syndrome.
Segmental Analysis
- Cell therapy equipment product segment is predicted to generate the fastest growth
Based on product segment, the cell therapy equipment segment held the largest cell therapy technologies market share owing to the use of stem cells for research activities. The segment is also expected to maintain its dominance over the forecast period. Cell-based therapies are utilized to replace or regenerate damaged tissues or cells.
- Cell processing process segment witnessed the biggest market share in 2021
Based on the process segment, cell processing accounted for the largest share due to the rising number of viral vector-based R&D activities. Also, viral vectors are the essential delivery method among end users, which fuels segment growth. Different clinical obstacles associated with viral systems have led to an increase in the use of chemical techniques, thus driving the segmental growth of the cell therapy technologies market.
- Stem cells are likely to dominate the market
By cell type, the stem cells segment is expected to hold the largest revenue share in cell therapy technologies market owing to the rising need for biologics, growing technological developments in stem cell treatments, and the demand for advancements in tailored medications. Further, increasing demand for neurological illnesses boosts market expansion.
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Cell Therapy Technologies Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2030 | USD 12.27 Billion |
| Market Size 2021 Value | USD 3.86 Billion |
| Expected CAGR Growth | 14.5% from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Thermo Fisher Scientific, Inc., Merck KGaA, Danaher Corporation, Becton, Dickinson and Company, Lonza Group, Sartorius AG, and Terumo BCT. |
| Segments Covered | By Product Type, By Process, By Cell Type, By End-Use, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
- North America is estimated to witness the highest revenue share in the market
Based on geography, the cell therapy technologies market in North America is anticipated to dominate the industry because of the prevalence of various centers and institutes conducting stem cell treatment research and development. Some of the top worldwide universities involve the Institute for Stem Cell Biology and Regenerative Medicine at Stanford University, the Yale Stem Cell Center, the Institute for Stem Cell Biology and Regenerative Medicine, and the Harvard Stem Cell Institute at Harvard University.
Moreover, the Asia Pacific region is likely to generate a significant market share throughout the predicted period. The key factors contributing to the regional growth include a surge in investments by both innovators and consumers to gain knowledge about sophisticated medical therapies. Also, a number of stem cell consortiums exist in Asian nations, pushing market growth in the region.
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Frequently Asked Questions by Report:
- What factors are anticipated in cell therapy technologies market trends?
- What will be the market size and growth rate during the forecast period?
- Which region will provide more business opportunities for the cell therapy technologies industry in the future?
- What are the key trends in the market?
- How can I get company profiles on the top players?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- Where will the strategic developments take the industry mid to long term?
Polaris Market Research has segmented the cell therapy technologies market report based on product, process, cell type, end-use, and region:
By Product Outlook
- Media, Sera, and Reagents
- Cell Engineering Products
- Cell Culture Vessels
- Cell Therapy Equipment
- Cell Processing Equipment
- Single-use Equipment
- Other Equipment
- Systems and Software
- Other Products
By Process Outlook
- Cell Processing
- Cell Preservation
- Distribution and Handling
- Process Monitoring and Quality Control
By Cell Type Outlook
- T-Cells
- Stem Cells
- Other Cells
By End-Use Outlook
- Biopharmaceutical and Biotechnology Companies
- CROs and CMOs
- Research Institutes and Cell Banks
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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