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Autologous Stem Cell And Non-Stem Cell Based Therapies Market Outlook, Trends 2024-2033
Autologous Stem Cell And Non-Stem Cell Based Therapies Market Outlook
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According to The Business Research Company's, The autologous stem cell and non-stem cell based therapies market size has grown rapidly in recent years. It will grow from $8.58 billion in 2023 to $9.96 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to increased prevalence of cancer and diabetes, increased numbers of geriatric individuals, growing healthcare awareness, rise in research and development activities, increased numbers of clinical trials, Increased regulatory approval.
The autologous stem cell and non-stem cell based therapies market size is expected to see rapid growth in the next few years. It will grow to $18.16 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to rising prevalence of targeted diseases, an increasing geriatric population, rising prevalence of neurodegenerative diseases, growing number of cancer cases, increasing demand for skin transplantation, increasing awareness about regenerative medicine, collaborations and partnerships among key players, improving reimbursement for approved therapies. Major trends in the forecast period include the integration of artificial intelligence and machine learning, development of off-the-shelf allogeneic stem cell products, expansion of reimbursement policies, adoption of novel biomaterials, advancements in cell manufacturing technologies, adoption of autologous stem cell therapies, integration of gene editing technologies.
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Market Drivers and Trends:
The growing investments in research and development activities are expected to propel the growth of the aseptic sampling market going forward. Research and development investments encompass financial resources allocated to scientific exploration and innovation, aiming to enhance products, processes, or technologies. The growing investments in research and development activities can be attributed to factors such as increasing competition, technological advancements, regulatory requirements, and the pursuit of innovation-driven growth strategies by companies. Increased research and development investment enhances aseptic sampling techniques, ensuring higher precision, sterility, and compliance in pharmaceutical manufacturing. For instance, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based pharmaceutical industry association, reported a significant increase in R&D spending. The investment rose from $30.5 billion in 2020 to $46.5 billion in 2021 and further to $48.6 billion in 2022, indicating a notable surge in research and development investment within the pharmaceutical industry. Therefore, the growing investments in research and development activities are driving the growth of the aseptic sampling market.
Major companies in the autologous stem cell and non-stem cell-based therapies market are developing tumor-derived autologous T cell immunotherapy to enhance personalized cancer treatment approaches. Tumor-derived autologous T cell immunotherapy works by extracting T cells from a patient's tumor, expanding and activating them in the lab, and reinfusing them into the patient to enhance the immune system's ability to target and destroy cancer cells specifically. For instance, in February 2024, Iovance Biotherapeutics, a US-based biotechnology company, received accelerated approval from the Food and Drug Administration, a US-based federal agency, for Amtagvi (lifileucel), the first cellular therapy indicated for the treatment of adult patients with melanoma. Lifileucel is a tumor-derived autologous T-cell immunotherapy. It comprises a patient's naturally occurring immune cells called tumor-infiltrating lymphocytes (TILs). This allows the patient's immune system to recognize and attack the cancer more effectively.
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Major Key Players of the Market:
Bayer AG, Novartis AG, Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Merck & Co. Inc., Stemcell Technologies Inc., Dendreon Corporation, Vericel Corporation, Sangamo Therapeutics Inc., NEOSTEM, Orgenesis Inc., Adaptimmune Therapeutics, Stempeutics Research Pvt Ltd., MEDIPOST, Castle Creek Biosciences Inc., BrainStorm Cell Limited, Athersys Inc., Cytori Therapeutics Inc., Opexa Therapeutics, Gamida Cell, Regen BioPharma Inc., RepliCel Life Sciences, InGeneron Inc., BioCardia Inc., ReNeuron Group
Autologous Stem Cell And Non-Stem Cell Based Therapies Market 2024 Key Insights:
• The autologous stem cell and non-stem cell based therapies market size is expected to see rapid growth in the next few years. It will grow to $18.16 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%.
• Personalized Therapies Driving Growth In Autologous And Non-Stem Cell Therapies Market
• Advancements In Autologous T-cell Immunotherapy
• North America was the largest region in the autologous stem cell and non-stem cell based therapiesmarket in 2023
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