Global Cell Therapy Technologies Market Size 2024, Forecast To 2033
11 Mar, 2024
The cell therapy technologies market has experienced rapid growth, surging from $4.29 billion in 2023 to $4.97 billion in 2024, with a compound annual growth rate (CAGR) of 15.8%. This growth in the historical period is attributed to strong economic growth in emerging markets, increased healthcare expenditure, government investments in cell-based research, and growing demand for personalized medicine. Forecasts suggest continued rapid growth, with the market expected to reach $8.62 billion in 2028, boasting a compound annual growth rate (CAGR) of 14.8%. This expansion is driven by factors such as the rising aging population, increasing prevalence of cancer, research and development spending in the pharmaceutical sector, and advancements in cell therapies. Major trends in the forecast period include the development of innovative products, utilization of advanced technologies, innovative cell therapy development, investment in manufacturing facilities, and partnerships and collaborations.
Global Cell Therapy Technologies Market Key Driver
The global cell therapy technologies market has experienced growth due to increased government investments in cell-based research. Governments are directing funding towards research activities aimed at developing therapies for diseases such as cancer and cardiovascular disease. An illustrative example is The California Institute for Regenerative Medicine (CIRM), which, in May 2022, invested over $11 million in funding a clinical trial for a cell therapy designed to treat throat cancer. The success of such therapies would offer patients an alternative to radiotherapy and its associated side effects. This significant government investment in cell-based research is a driving force behind the growth of the global cell therapy technologies market, with market sizes in 2023, 2024, and 2028 shaping its continued expansion.
Get A Free Sample Of The Global Cell Therapy Technologies Market ReportGlobal Cell Therapy Technologies Market Segments
The cell therapy technologies market covered in this report is segmented –
1) By Product: Consumables, Equipment, Systems And Software
2) By Cell Type: T-Cells, Stem Cells, Other Cells
3) By Process: Cell Processing, Cell Preservation, Distribution And Handling, Process Monitoring And Quality Control
4) By End User: Life Science Companies, Research Institutes And Cell Banks
By Geography:The regions covered in the cell therapy technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the cell therapy technologies market in 2023. Asia-Pacific is predicted to record the fastest growth over the forecast period. The regions covered in the cell therapy technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Cell Therapy Technologies Industry Players
Lonza Group AG, Thermo Fisher Scientific Inc, Merck KGaA, Terumo Corporation, Danaher Corporation, Fresenius Medical Care AG & Co. KGaA, Fujifilm Holdings Corporation, Sartorius AG, Becton Dickinson and Company, Avantor Inc., Cellular Biomedicine Group, CORESTEM, Astellas Pharma Inc, Anterogen Co. Ltd, Arce Therapeutics, CARsgen Therapeutics, Huadong Medicine, Co.Don AG, AstraZeneca, Neogene Therapeutics, GammaDelta Therapeutics Limited, Nightstar, SOTIO, Accell Clinical Research, Genestack, Novartis AG, Pfizer, Celgene Corporation, Johnson & Johnson, F. Hoffmann-La Roche Ltd, Bayer AG, Gilead Sciences, Juno Therapeutics, Allogene Therapeutics, Bluebird Bio, Amgen, Regen BioPharma, Bellicum, Amgen Brazil, GlaxoSmithKline plc, Biogen Brazil, Takeda Pharmaceutical Company Limited, Pfizer S.R.L, Biotchpharma, BrainStorm Cell Therapeutics, Pluristem, Bayer East Africa Ltd, Adcock Ingram, Next BioSciences, CryoSave, BioHeart, Stem Cell Technologies.
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Cell Therapy Technologies Market Overview
Cell therapy is a type of treatment in which active cells are injected into a patient's body to treat certain disorders. This therapy seeks to treat diseases by altering certain sets of cells. In this technique, cells that originate from the patient or a donor are modified outside the body and then injected into the patient.
Cell Therapy Technologies Global Market Report 2023 provides data on the global cell therapy technologies market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cell therapy technologies market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.