United States – March 28, 2022 —
Cell Therapy Market Overview
Cellular therapy is the process of human cells transplantation to replace or repair damaged tissue and cells. With advanced technologies innovative products, these cells can be used as part of cell therapy for treating various diseases and conditions. The cell therapy market is expected to reach a value of USD 20,217.00 Million during the forecast period. The market will flourish further with a CAGR of over 22.36% over the forecast period. The cell therapy market growth is mainly utilized in the technological advancements in vegetable seeds. Moreover, the growth factors like the rise in seed production and the growing demand for organic seeds is chiefly driving the market. The increase in export activities worldwide is setting growth opportunities for the industrial players.
The growth of new technologies for supporting the devel
opment of advanced therapies will contribute to the market’s growth. The introduction of proprietary cell lines will accelerate the market. The COVID-19 pandemic has affected the market’s growth by hampering its economy. Revenue loss was faced, which halted the manufacturing units and resulted in disruption of the supply chain.
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Cell Therapy Market Segmentation
The cell therapy market is segmented into major segments such as the type, product, technique, technology, cell source, application and end-user.
The type segment of the market is classified into autologous and allogeneic. The Autologous cell therapy segment will account for a significant share. The product segment is classified into consumables, software, and equipment.
The technique segment is categorized into fibroblast cell therapy, cell vaccine, stem cell therapy, adoptive cell transfer, and chondrocyte cell therapy. The technology segment includes cell immortalization technology, viral vector technology, and genome editing technology.
The cell source segment is fragmented into adipose tissue, bone marrow, and umbilical cord blood-derived cells. The application section of the cell therapy market is divided into cardiovascular disease, oncology, wound healing, and orthopedic. The end-user segment has regenerative medicine centers, hospitals and clinics, and research institutes.
Cell Therapy Market Regional Analysis
According to the global geographical growth, cell therapy market is showing tremendous growth in major regions such as North America, Asia Pacific, the European region and the rest of the world.
The Asia Pacific will notice the highest value during the forecast period. The regional cell therapy market of APAC is emerging due to the rise in the healthcare business and the growing number of start-ups. Alongside, the increased rate of demand for advanced medications is driving the APAC market.
The Americas to hold a significant share rate of the overall cell therapy market in the forecast period due to the rise in convenient medical facilities. Even prominent healthcare solution providers are present to drive the North American market.
The European region to earn higher profit with good USD value due to higher disposable income in major countries and rise in health price per annum for the treatment of chronic disorders will chiefly drive the European cell therapy market.
Leading Firms
Top key players of the cell therapy market are
- Mesoblast Ltd
- Vericel Corporation
- Osiris Therapeutics, Inc
- JCR Pharmaceuticals Co., Ltd
- NuVasive, Inc.
- Pharmicell Co., Ltd
- RTI Surgical Holdings, Inc.
- Holostem Terapie Avanzate S.r.l.
- Medipost Co., Ltd
Industry News
In February 2022, Thermo Fisher Scientific has launched the newly integrated commercial packaging and distribution services developed for transforming therapies from the clinic to commercial availability for patients across the European region and the U.S. It is an end-to-end solution for global distribution.
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