Autologous Cell Therapy Market projected to expand at a CAGR of 18.1% from 2019 to 2027

Transparency Market Research (TMR) has published a new report titled, ‘Autologous cell therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global autologous cell therapy market was valued at US$ 7.5 Bn in 2018 and is projected to expand at a CAGR of 18.1% from 2019 to 2027.

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Overview

Cell therapy also termed as cellular therapy in which cellular components is injected into the patient (body) for better treatment outcome and to reduce side effects. A number of cells are used for cellular therapy treatment procedure such as T cells, stem cells, fibroblast, dendritic cells, chondrocyte etc.
Autologous cell therapy is an innovative therapeutic intervention in which patient’s own cells are used for the treatment procedure. Cells are cultured/engineered and expanded in-vitro and re introduced in the patient’s body for treatment purpose.
North America dominated the global autologous cell therapy market in 2018 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increased usage of autologous cell therapy for treatment of various autoimmune and neurological disorders, and new product launch are expected to drive the market in North America.
Asia Pacific is likely to be a highly lucrative market for autologous cell therapy and it is expected to expand at a high CAGR during the forecast period
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Rise in Prevalence of Neurological Disorders & Cancer and Others to Drive Market

Increase in incidence of neurological disorders, cancer and autoimmune disorders are helps to drive the growth of this market during forecasted period.
Prevalence of several neurological disorders such as multiple sclerosis, Parkinson's disease, and others are helps to drive the growth of this market during forecasted period. According to Multiple sclerosis Society, in 2019, around 2.3. Mn people living with multiple sclerosis by globally.
According to Parkinson’s Foundation, more than 10 million people worldwide are living with Parkinson disease.
Increasing incidence of various type of cancers is another major factor to increase the demand of autologous cell therapy. According to World Health Organization, Cancer is the second leading cause of death globally, and is responsible for an estimated 9.6 million deaths in 2018. Globally, about 1 in 6 deaths is due to cancer.
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North America to Dominate Global Market

In terms of region, the global autologous cell therapy market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global autologous cell therapy market in 2018, followed by Europe.
North America accounted for major share of the global autologous cell therapy market in 2018. This is attributable to increase in health care infrastructure, technological advancement towards innovative treatment and favorable government support accentuate market growth in the region. The federal government has been encouraging research institutions in making treatment options commercially viable. The FDA has been authorized to provide orphan drug designations to many of the therapies developed for rare diseases using cell therapy.
The autologous cell therapy market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027. This can be attributed to increasing medical tourism, growing contract research activities, and economic growth of certain emerging countries such as China and India, exhibiting faster growth.
Competitive Landscape

The global autologous cell therapy market is fragmented in terms of number of players. Key players in the global market include Pharmicell Co., Inc., Castle Creek Biosciences, Inc., Vericel Corporation, Lineage Cell Therapeutics, Inc., BrainStorm Cell Therapeutics, Caladrius Biosciences, Inc., Opexa Therapeutics, Inc., Regeneus Ltd., Takeda Pharmaceutical Company Limited., Sangamo Therapeutics, U.S. Stem Cell, Inc. and other prominent players.

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This release was published on openPR.