According to a new report published by Allied Market Research, titled, โCell Therapy Market by Cell Type, Therapy Type, Therapeutic Area, End User, and Region: Opportunity Analysis and Industry Forecast, 2020โ2027,”The global cell therapy market accounted for $7,754.89 million in 2019, and is expected to reach $48,115.40 million by 2027, registering a CAGR of 25.6% from 2020 to 2027.
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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.
- On the basis of therapeutic area, the malignancies segment held 48.5% share in the global cell therapy market in 2019
- Region wise, Asia-Pacific is expected to exhibit highest CAGR of 31.6% during the forecast period.
Cell therapy is a technology that relies on replacing diseased or dysfunctional cells with healthy cells. The main cells used for these advanced therapies are stem cells, because of their ability to differentiate into cells that are necessary to repair tissues or cells that have been damaged or is disabled. 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.
The development of banking facilities, along with the expansion of cell production, identification and storage, has increased the volumetric potential of the cell therapy market. This has led to increased funding for non-stem cell therapies around the world. The high adoption of regenerative medicine and the advent of new technologies and platforms are driving the growth of the market.
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In 2019, North America was the largest financial contributor, due to the large amount of money from the government and private companies for clinical trials. However, Asia-Pacific is expected to experience the highest CAGR during the forecast period, owing to the availability of treatments at low cost, and the increase in demand among healthcare facilities and patients regarding the potential of these treatments in the management of chronic diseases.
Key Market Players –
Major key players that operate in the the industry are Kolon Tissue Gene, Inc., Osiris Therapeutics, Inc., JCR Pharmaceuticals Co. Ltd., NuVasive, Inc., Stemedica Cell Technologies, Inc., Cells for cells, Holostem Terapie Avanzate S.r.l., Mesoblast Ltd., and Medipost Co., Ltd.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
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Frequently Asked Questions?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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