Cell Therapy Market Mastery: Discovering Opportunities for Growth 2023-2032

As per the report published by The Brainy Insights, the global cell therapy market is expected to grow from USD 22.43 billion in 2022 to USD 127.90 billion by 2030, at a CAGR of 24.31% during the forecast period 2022-2030. The North American region emerged as the largest market for the global cell therapy market, with a 44.11% market revenue share in 2022. The presence of multiple research-based institutions drives the cell therapy market in the region. The institutions are privately or publicly funded to carry out cell therapy research to exploit its potential applications in treating several ailments. The increasing number of diseases and patients due to social, economic, and environmental factors has prompted the government to establish research institutes to explore the possibilities of advanced cell therapy-based medication. The increasing prevalence of chronic diseases has encouraged a rise in private capital expenditure in the pharmaceutical and biotechnology sector. The advanced economic nature of the economy allows market participants to access state-of-the-art technology, which leads to significant discoveries and innovations.

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Leading companies in the industry include Anterogen Co. Ltd., Castle Creek Biosciences Inc., Celgene Corporation, Cells for Cells, JCR Pharmaceuticals Co. Ltd., Kolon TissueGene Inc., NuVasive Inc., Osiris Therapeutics, Tameika Cell Technologies Inc., and The Future of Biotechnology, among others, are offering more significant opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The therapy type segment is divided into autologous and allogeneic. The allogeneic segment dominated the market with a revenue share of around 55% in 2022. Allogeneic therapy enables the transfer of healthy cells from another person, who may or may not be related to the patient. The user type segment is divided into clinical and research. The research segment dominated the market with a market share of around 56% in 2022. The end-user segment is divided into hospitals, research institutes, pharmaceuticals, biotechnology companies, and others. The research institutes segment dominated the market with a market share of around 48% in 2022. The increasing fiscal investment in advancing cell therapy research drives the market's growth. The promising stem-cell therapy and its effectiveness in curing chronic diseases like cancer and other autoimmune diseases have encouraged private participants to invest extensively in its research.

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There are around 20 million cancer cases globally, 12 million in men, and 8 million in women. The statistics are reported after an extensive survey performed by World Cancer Research Fund. The statistics pertaining to the year 2020. Cancer is the highest contributor to global deaths globally. The underlying causes of cancer vary from food habits, lack of exercise, tobacco, and alcohol consumption to UV exposure. Given the depletion of the ozone layer and climate change, more and more of the human population is being exposed to skin cancer caused by the sun's UV rays. The lifestyle changes of eating processed foods and no physical exercises are anticipated to cause a rise in cancer cases. Lifestyle changes are leading to an increasing prevalence of autoimmune diseases as well. Stem cell therapy has shown promising results in treating several cancer types and autoimmune diseases. For instance, stem cell therapy aids in the recovery of blood cancer patients after they go through chemotherapy which leads to their prolonged exposure to radiation. The scientific breakthroughs in stem cell therapy are expected to augment the market's growth as global cancer and autoimmune diseases increase.

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