Personalized Cell Therapy Market to Grow in the Coming Years, New Research explores By World's Top Players Cytori Therapeutics Inc., Bellicum Pharmaceuticals, Inc., Saneron CCEL Therapeutics, Inc., MolMed S.p.A., Vericel Corporation
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Personalized Cell Therapy Market Dynamics:
The continuous development in science and technology sector has led to development of various novel individualized drugs, which would fuel growth of the personalized cell therapy market in the near future. Personalized cell therapy favors the accurate diagnosis of the disease and active monitoring of the treatment response and disease progression. This allows for early detection of diseases at molecular level and enables the physician to prepare the treatment regime for the specific patient requirement. This helps the patient recover at a significant pace and also helps avoid any major side effects, as individualized cell therapy is based on patient’s genomics.
Newly introduced procedures and techniques are expected to favor increase in adoption rate for personalized cell therapy in the near future. New ventures in the biologics industry are expected to be a major push for the market to grow, for instance, a high demand for biological compounds is influencing organizations to manufacture products using the biopharmaceutical process, which is further administered through injections.
Large untapped markets in emerging economies can be capitalized upon through favorable product pricing, which further can facilitate the increase in number of procedures worldwide. Also, as the manufacturing cost requirement is low in emerging economies as compared to developed countries this will help to grow the market in emerging economies such as India and China.
The Major Companies In Personalized Cell Therapy Market:
Cytori Therapeutics Inc., Bellicum Pharmaceuticals, Inc., Saneron CCEL Therapeutics, Inc., MolMed S.p.A. and Vericel Corporation.
This report segments the global personalized cell therapy market on the basis of applications, therapeutic area, and geography. On the basis of application, the market is categorized into Platelet Transfusions, Bone Marrow Transplantation, Packed Red Cell Transfusions and Organ Transplantation. Among these applications, Platelet Transfusions segment dominate the personalized cell therapy market. On the basis of the therapeutic area, the market is divided into Cardiovascular Diseases, Neurological Disorders, Inflammatory Diseases, Diabetes and Cancer. On the basis of geography, the market is divided into 6 Regions. Among all regions, North America dominated the personalized cell therapy market, as more than 200 companies engaged in the development of personalized cell therapy products in the U.S. Also, better healthcare amenities and high prevalence of cancer in the region is expected to boost overall sales of autologous cell therapy products.
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Global Personalized Cell Therapy Market, By Applications:
• Platelet Transfusions
• Bone Marrow Transplantation
• Packed Red Cell Transfusions
• Organ Transplantation
Global Personalized Cell Therapy Market, By Therapeutic Area:
• Cardiovascular Diseases
• Neurological Disorders
• Inflammatory Diseases
Global Personalized Cell Therapy Market, By Region:
• North America
• Latin America
• Asia Pacific
• Middle East
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