Cell Therapy Technologies Market Report: Size, Share, Growth, Trends, Demand, Insights And Forecast Up To 2032

As per The Business Research Company's Cell Therapy Technologies Opportunities And Strategies Market Report 2023, The global cell therapy technologies market reached a value of nearly $3,557.8 million in 2022, having grown at a compound annual growth rate (CAGR) of 14.2% since 2017. The market is expected to grow from $3,557.8 million in 2022 to $ 7,550.1 million in 2027 at a rate of 16.2%. The market is then expected to grow at a CAGR of 14.3% from 2027 and reach $ 14,703.9 million in 2032.

The rapid increase in the aging population is expected to increase the prevalence of cancer cases and chronic diseases, contributing to the growth of the cell therapy technologies market. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. For example, according to the World Health Organization, by 2030, 1 in 6 people in the world will be 60 years of age or older. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Therefore, the growing size of the aging population is expected to drive the growth of the cell therapy technologies market during the forecast period.

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Major companies operating in the cell therapy technologies market are developing innovative products by using advanced technologies to grow in the market. For instance, in June 2022, Invetech, an Australia-based company that specializes in the design, engineering, and manufacture of commercial-scale diagnostic products and cell and gene therapies launched Korus, a new closed system for autologous cell therapies, to transform the industry standards in elutriation and cell wash. The technology uses a mild elutriation process to supply a cleaner cell population for cell therapy production processes, such as tumour-infiltrated lymphocytes (TIL), dendritic cell, chimeric antigen receptor (CAR)-T cell or induced pluripotent stem cell (IPSC)-derived therapy. It features elutriation and cell wash using gentle counterflow centrifugation and provides purified cell populations for downstream processing development and commercial manufacture. This will help improve the overall performance of processes through higher recovery and purity of target cells. Using the new Korus system, developers can expedite the clinical development and scale-up of their products.

The top opportunities in the cell therapy technologies market segmented by product will arise in the consumables segment, which will gain $3,872.7 million of global annual sales by 2027. The top opportunities in the cell therapy technologies market segmented by cell type will arise in the T-cells segment, which will gain $5,714.4 million of global annual sales by 2027. The top opportunities in the cell therapy technologies market segmented by end user will arise in the life sciences companies segment, which will gain $6,002.0 million of global annual sales by 2027. The top opportunities in the cell therapy technologies market segmented by process will arise in the cell processing segment, which will gain $3,497.7 million of global annual sales by 2027. The cell therapy technologies market size will gain the most in the USA at $739.6 million

Cell Therapy Technologies Market Segmentation:
The Cell Therapy Technologies market is segmented by product, by cell type, by process and by end user.
By Product -
a) Consumables
b) Equipment
c) Systems And Software

By Cell Type -
a) T-Cells
b) Stem Cells
c) Other Cells

By Process -
a) Cell Processing
b) Cell Preservation, Distribution And Handling
c) Process Monitoring And Quality Control

By End User -
a) Life Science Companies
b) Research Institutes And Cell Banks

Major players in the Cell Therapy Technologies market include Lonza Group AG, Thermo Fisher Scientific, Inc., Merck KGaA, Terumo Corporation, Danaher Corporation

The regions covered in the global Cell Therapy Technologies market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Cell Therapy Technologies Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Cell Therapy Technologies Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
.......
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Cell Therapy Technologies Market, Conclusions And Recommendations
23. Appendix

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