Cell Therapy Market Forecast Report | Global Analysis, Size, Share, Revenue, Demand, Trend and Research Report by 2030

Market Research Future Insights

The cell therapy market size was valued USD 9.2 billion in 2021 and is projected to reach USD 26.9 Billion by 2030 at 9.3% CAGR during the assessment period 2022-2030.

Cell therapy includes the administration of somatic cell preparations for the treatment of diseases or traumatic damage. The rising aging patient population, the increase in cell therapy transplantations globally, and increasing disease awareness drive the growth of the global cell therapy market. The impact of the COVID-19 epidemic on the growth of the global cell therapy market is positive. Due to the pandemic, cell therapies got thrust into the market. For example, Calidi Biotherapeutics Inc. proclaimed in April 2020 that the FDA had approved the Investigational New Drug application accepted by its partner, Personalized Stem Cells Inc. for the diagnosis and conduct of COVID-19 patients using stem cell therapy. Thus, this had a confident outlook on the cell therapy market growth.

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Regional Analysis

North America is projected to hold the largest market share of 52.7% in 2020. The large share of the region can be attributed to the existence of a substantial number of centers and institutes that are engaged in R&D affecting stem cell therapy. Out of the eight leading universities throughout the world, five are U.S.-based institutes, with Institute for Stem Cell Biology and Regenerative Medicine, Harvard Stem Cell Institute, Harvard University, and Yale Stem Cell Center.

In Asia Pacific, the market for cell therapy is expected to witness a profitable growth rate of 15.52% over the estimated period. The increasing investment by the developers and consumers in educating themselves about advanced medicinal therapies is expected to boost the revenue generated from the developing economies of this region. There are some stem cell consortiums in Asian countries, which aim at confirming ordinated and focused R&D programs. Moreover, patients from western countries are experiential to migrate to Asian countries for treatment, due to the flexible legal framework.

Market Segmentation

The global Cell Therapy Market has been segmented into therapy and use type.

Based on Therapy, the global Cell Therapy Market has been segmented into Autologous, Allogenic. The autologous therapies segment dominated the cell therapy market and accounted for the largest share of 53.2% in 2020. The segment is projected to maintain its dominance during the estimated period. This can be attributed to numerous advantages associated with autologous transplants such as easy accessibility, no need to identify an HLA-matched donor, lesser risk of life-threatening complications, no risk of GVHD, and no necessity of immunosuppressive therapy. In addition, autologous therapies are reasonable when compared to allogenic therapies which can be extra attributed to segment growth.

Based on Use-type, The global Cell Therapy Market has been segmented into Clinical-use and Research-use. The research-use segment dominated the market for cell therapy and accounted for the largest share of 60.9% in 2020. The stem cells are majorly being cast off for research schemes, which in turn, has run to a large revenue share for the research-use segment. The region is projected to continue its dominance. Cell-based therapies hold countless potential for replacing, repairing, restoring, or regenerating damaged tissues, cells, and organs. Researchers are making vast investments in the development of such effective and safe treatments as a substitute for conventional treatment strategies.

Key Players

Some of the key market players are Mesoblast Ltd, Vericel Corporation, Osiris Therapeutics Inc., JCR Pharmaceuticals Co.Ltd., NuVasive, Pharmicell Co., RTI Surgical Holdings, AlloSource, Holostem Terapie Avanzate S.R.L., and Medipost Co.

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