Cell Therapy Market Poised to Surpass $48 Billion with a CAGR of 25.6%
PORTLAND, OREGON, UNITED STATES, June 17, 2024 /EINPresswire.com/ -- Global Cell Therapy Market Overview
The global cell therapy market was valued at $7.75 billion in 2019 and is projected to reach $48.12 billion by 2027, demonstrating a robust compound annual growth rate (CAGR) of 25.6% from 2020 to 2027. Cell therapy is an innovative technology focused on replacing diseased or dysfunctional cells with healthy ones. Stem cells are predominantly used in these therapies due to their unique ability to differentiate into specific cell types needed for repairing damaged tissues or cells.
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/5330
Market Segmentation
By Therapy Type
โข Autologous
โข Allogenic
By Therapeutic Area
โข Malignancies
โข Musculoskeletal Disorders
โข Autoimmune Disorders
โข Dermatology
โข Others
By End-User
โข Hospitals & Clinics
โข Academic & Research Institutes
By Region
โข North America: U.S., Canada, Mexico
โข Europe: Germany, UK, France, Spain, Italy, Rest of Europe
โข Asia-Pacific: Japan, China, India, Australia, Rest of Asia-Pacific
โข LAMEA: Brazil, South Africa, Saudi Arabia, Rest of LAMEA
Key Market Drivers
Malignancies Segment
The malignancies segment is anticipated to lead the global cell therapy market throughout the forecast period. Factors driving this dominance include increased cancer research, a rising geriatric population, and the growing adoption of cell therapies for treating various cancers.
Hospitals & Clinics Segment
Hospitals and clinics are expected to experience the highest growth rate among end-users. This growth is driven by a surge in pipeline projects and advancements in cell therapy treatments. For example, the number of cell therapy treatment projects documented by the Cancer Research Institute (CRI) grew from 753 in 2018 to 1,011 in 2019.
Regional Insights: Asia-Pacific
Asia-Pacific offers significant growth opportunities for cell therapy market players, attributed to its large and increasing population, a growing number of elderly individuals, and heightened awareness of the benefits of cell therapies in managing chronic diseases. Furthermore, increased healthcare spending and the development of regulatory guidelines are expected to drive market expansion in this region.
Leading Companies in the Cell Therapy Market
The report highlights key players in the global cell therapy market, including:
โข Kolon Tissue Gene, Inc.
โข Osiris Therapeutics, Inc.
โข JCR Pharmaceuticals Co. Ltd.
โข NuVasive, Inc.
โข Stemedica Cell Technologies, Inc.
โข Cells for Cells
โข Holostem Terapie Avanzate S.r.l.
โข Mesoblast Ltd.
โข Medipost Co., Ltd.
These companies are at the forefront of research and development, driving innovations and expanding the applications of cell therapy across various medical fields.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/5330
David Correa
Allied Market Research
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