ID: MRFR/LS/3630-CR | April 2019 | Region: Global | 95 pages
Market Research Future (MRFR) states that the Global Cell Therapy Market can rise at 22.36% CAGR through the analysis period between 2018 and 2023. MRFR findings suggest that the cell therapy market can earn about USD 20,217.00 Mn by 2023. As per MRFR findings, the cell therapy market can value at USD 3,195.0 Mn by 2023. Cell therapy, also known as cryotherapy, is process in which viable cells are injected, implanted, or grafted, into a patient to initiate a medical response in the body. The cell therapy market report published by MRFR shed light on the dynamics and potential of stem cell therapy, autologous cell therapy, and gene therapy.
The rise of COVID 19 pandemic again this year can influence the worldwide cell therapy market size. The cell therapy market report by MRFR offers a detailed discussion about the influence of SARS-CoV-2 on the market's financial status. Moreover, the rise of new stains disrupting the world economy's functioning is studied, and its impact on market growth is estimated. Proper remedial measures to address the market problems are also mentioned in the report.
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By type, the segment study of the Global Cell Therapy Market is done by autologous and allogeneic. The Autologous cell therapy segment can acquire significant share of the overall market over the allogeneic cell therapy segment.
By product, the segment study of the Global Cell Therapy Market is done by consumables (vessel/reagent/media/serum), software, and equipment among other services. The high occurrence of infectious diseases is likely to influence the consumables segment surge in the review period.
By technique, the segment study of the Global Cell Therapy Market is done by cell vaccine, stem cell therapy, fibroblast cell therapy, adoptive cell transfer (act), and chondrocyte cell therapy.
By technology, the segment study of the Cell Therapy Market is done by cell immortalization technology, viral vector technology, and genome editing technology.
By cell source, the segment study of the cell therapy market is done by adipose tissue, bone marrow, and umbilical cord blood-derived cells. The increase in cases of bone marrow transplantation and rise in treatment facilities for ischemic heart diseases can drive the market rise in the near future.
By application, the segment study of the cell therapy market is done by cardiovascular disease (CVD), oncology, wound healing, and orthopedic.
By end-user, the segment study of the cell therapy market is done by regenerative medicine centers, hospital & clinics, and research institute
Asia Pacific Market to Touch High Value by 2023
The increase in healthcare business due to rise in number of startups is anticipated to promote APAC cell therapy market in the review period. Besides, the increase in demand for modern medications for high number of people suffering from degenerative ailments to support the market rise in the near future.
Increase in Convenient Medical Facilities to Benefit North America Market
The Americas can secure about 37.6% market share of the overall market by 2023. The regional market can surge at 21.45% CAGR through the review period. In North America, the presence of numerous healthcare service and solution providers can benefit the market in the review period.
Europe Cell Therapy Market to Earn High Profit
Europe cell therapy market value can exceed USD 6,357.79 Mn by 2023. High annual income across countries and hike in health budget per annum on the treatment of chronic disorders are other causes responsible for the progress of the market.
Companies Indulge in Extensive Research Studied to Gain Competitive Edge
PureTech Health plc, a London-based biotechnology company that formulates medicines for serious disease management, announced the FDA clearance received by Vor Biopharma, an entity founded by PureTech Health for VOR33. VOR33 is studied for treating acute myeloid leukemia. Vor plans to initiate the phase 1/2a clinical trial for engineered hematopoietic stem cell (eHSC) therapies in combination with targeted cancer therapies. Likewise, several other renowned companies are investing in research studies that can earn competitive edge, thus can benefit the market.
The report on the cell therapy market by MRFR provides insights into the market's growth dynamics through the evaluation period. The report elaborates on market evaluation, including drivers and restraints, trends, and opportunities. SWOT assessment for the cell therapy market is summarized in the report.
By Cell Source