The global cell therapy market size was US$ 7.88 billion in 2021. The global cell therapy market is forecast to grow to US$ 22.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2022 to 2030.
In cell therapy, healthy cells are introduced to the patient's body. In this therapy, new cells replace the diseased or missing cells.
Factors Influencing the Market
Cell therapy is getting substantial traction due to the rising prevalence of diseases. In addition to that, the development of precision medicine and growing advancements in cellular therapies leading to high efficiency will fuel the growth of the cell therapy market.
The establishment of efficient stem cell banking facilities will benefit the cell therapy market. Furthermore, technological advancements in the market are expected to surge the demand for cell therapies in the coming years.
The growing range of clinical studies aiming at unveiling the new potential of cellular therapies will boost industry growth. Stem cells are expected to fulfil the unmet demand of the pharmaceutical industry, biotech entities, and doctors. Furthermore, it is expected to help professionals in proper disease management, which will escalate the industry growth during the forecast period. For instance, Lonza (Switzerland) inked a pact with IsoPlexis (USA) in 2020 with the aim to develop the next generation of precision cell therapy.
Government and private funding aiming at amplifying clinical trials will benefit the market. On the contrary, ethical concerns associated with cell therapies may limit the industry's growth during the study period.
COVID-19 Impact Analysis
Demand for cell therapies stayed the same due to rapidly growing R&D activities in the industry during the COVID-19 pandemic. Furthermore, the sudden increase in healthcare expenditure, combined with the rise in the number of private investments, has significantly contributed to the growth of the global cell therapy market.
Regional Analysis
The Asia-Pacific cell therapy market is forecast to grow at the fastest rate, owing to the increasing range of advancements in stem cell therapy. Furthermore, the region is leading in terms of stem cell research, which will contribute to the market growth. In addition to that, rising healthcare expenditure and improving infrastructure in developing economies like China and India will also contribute to the cell therapy market growth. The market may witness untapped potential in the region due to the large regional population and growing prevalence of diseases.
Competitors in the Market
Kolon TissueGene, Inc.
Anterogen Co., Ltd.
JCR Pharmaceuticals Co., Ltd.
Castle Creek Biosciences, Inc.
MEDIPOST
Osiris Therapeutics, Inc.
PHARMICELL Co., Ltd
Tameika Cell Technologies, Inc.
Vericel Corporation
Celgene Corporation
Other Prominent Players
Market Segmentation
The global cell therapy market segmentation focuses on Use, Therapy, and Region.
By Use-Type Outlook
Clinical-use
Therapeutic Area
Malignancies
Musculoskeletal Disorders
Autoimmune Disorders
Dermatology
Others
Cell Type
Stem Cell Therapies
BM, Blood, & Umbilical cord-derived Stem Cells
Adipose-derived cells
Others
Non-stem Cell Therapies
Research-use
By Therapy Type Outlook
Allogenic Therapies
Autologous Therapies
By Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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