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Cell Therapy Technologies Market Growth Rate, Industry Size, Global Trends, Major Players And Forecast To 2032
Cell Therapy Technologies Market Analysis
The Business Research Company's Cell Therapy Technologies Global Market Report 2023 identifies increasing investments by the government in cell-based research as the major driver for the cell therapy technologies market's growth in the forecast period. Governments are increasingly investing in research activities for developing therapies for diseases such as cancer, cardiovascular disease (CVD), and others.
The global cell therapy technologies market size grew from $3.53 billion in 2022 to $4.24 billion in 2023 at a compound annual growth rate (CAGR) of 20.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global cell therapy technologies is expected to grow to $7.39 billion in 2027 at a CAGR of 14.9%.
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Major competitors in the cell therapy technologies market are Thermo Fisher Scientific, Merck, MaxCyte, Lonza Group, Sartorius, Terumo BCT, Fresenius Medical Care AG & Co. KGaA, Avantor Inc., Miltenyi Biotec.
A key trend in the cell therapy technologies market includes strategic collaborations and partnerships between the industry players. Major companies are collaborating and partnering with other companies to develop new technologies in cell therapy areas for the treatment of a variety of diseases. For instance, in August 2020, IsoPlexis Corporation, USA-based, collaborated with Lonza, a Switzerland-based chemicals and biotechnology company, to enable the next generation of precision cell therapy manufacturing. In another instance, in July 2020, Hitachi, Ltd., a Japan-based provider of a broad range of solutions including automated cell culture technologies to pharmaceutical companies in the area of cell therapy and regenerative medicine industry, collaborated with ThinkCyte, Inc., a Japan-based biotechnology company to focus on developing artificial intelligence (AI)-driven cell analysis and sorting system.
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The cell therapy technologies market is segmented -
1) By Product: Consumables, Equipment, Systems & 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the cell therapy technologies market.
The Business Research Company's "Global Cell Therapy Technologies Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cell Therapy Technologies Market Include:
1. Executive Summary
2. Cell Therapy Technologies Market Characteristics
3. Cell Therapy Technologies Market Size And Growth
4. Cell Therapy Technologies Market - Macro Economic Scenario
5. Cell Therapy Technologies Market Segmentation
……….
26. Cell Therapy Technologies Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Cell Therapy Technologies Market
28. Cell Therapy Technologies Market Trends And Strategies
29. Cell Therapy Technologies Market Future Outlook and Potential Analysis
30. Appendix
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