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Cell Therapy Market 2023 Global Outlook, Capacity and Capital Expenditure Forecasts


Cell Therapy Market Insights
The cell therapy market size is projected to reach USD 31.2 Billion by 2032, at a CAGR of 9.1% from 2023 to 2032. The Cell Therapy Market is a rapidly evolving sector within biotechnology, focused on harnessing the therapeutic potential of living cells to treat various diseases and conditions. This market encompasses a diverse range of cell-based therapies, including stem cell therapies, CAR-T cell therapies, and regenerative medicine. Key drivers of market growth include advancements in cell manufacturing technologies, increasing investments in research and development, and a growing prevalence of chronic diseases worldwide. Despite regulatory challenges and manufacturing complexities, the market continues to expand, driven by promising clinical outcomes and a rising demand for personalized and targeted treatment options.
Cell Therapy Market Players
The global cell therapy market companies that have been included in MRFR's report are
Cognate,
ANTEROGEN.CO., LTD.,
NuVasive, Inc.,
GlaxoSmithKline plc,
Osiris, PHARMICELL,
Pluristem,
Genzyme Corporation,
CELLECTIS,
Advanced Tissue,
Novartis AG,
EUFETS GmbH,
Cynata, BioNTech IMFS,
JCR Pharmaceuticals Co., Ltd,
Grupo Praxis, and
MEDIPOST among others.
The Cell Therapy Market has experienced significant growth in recent years, driven by the rising demand for innovative treatments in regenerative medicine. Stem Cell Therapy, a key component of this market, involves the use of stem cells to treat or prevent diseases or conditions by replacing damaged or diseased cells with healthy ones. Stem cells possess the unique ability to differentiate into various cell types, making them promising candidates for treating a wide range of medical conditions, including cardiovascular diseases, neurological disorders, and autoimmune conditions. The increasing prevalence of chronic diseases coupled with advancements in stem cell research and technology has propelled the growth of the Stem Cell Therapy segment within the Cell Therapy Mark
Market Segmentation
The global cell therapy market outlook is segmented based on cell source, type, technology, application, end-user, and region. By type, the market is divided between autologous and allogeneic.
By technology, the market is segmented into viral vector technology, somatic cell technology, cell immortalization technology, genome editing technology, cell plasticity technology, and three-dimensional technology. The viral vector segment is sub-segmented into in-vivo gene modification of cells and ex-vivo gene modification of cells.
By cell source, the market is segmented to include bone marrow, umbilical cord blood-derived cells, adipose tissue, pluripotent stem cells (iPSCs), and neural stem cells.
By application, the market is segmented into cardiovascular, musculoskeletal, gastrointestinal, neurological, dermatology, oncology, wound & injuries, ocular, and others.
By end-user, the market is categorized into regenerative medicine centres, diagnostic centres, hospitals & clinics, research institutes and others.
The regional segmentation of the market divides it into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
Regional Analysis
The Americas with their inclusion of North America lead the market with the largest share due to the rising awareness regarding cell therapy in the region and the presence of an advanced healthcare sector. High healthcare expenditure, the presence of a large geriatric population and the growing demand for effective regenerative medicine are some of the important factors driving market growth. Europe accounts for the second largest regional segment due to the comparable growth pattern to that of the Americas. Moreover, the region has forward-thinking government policies which support research and development in the advancement of the healthcare sector.
The Asia Pacific accounts for the fastest growing region in the global market due to the presence of a massive patient pool and a rapidly developing healthcare sector. rising disposable incomes and urbanization in the region has increased the demand for advanced healthcare. Healthcare expenditure in the region is growing steadily and is expected to augment the cell therapy market in APAC.
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