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The Business Research Company recently released a comprehensive report on the Global Cell Therapy Human Raw Materials Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The cell therapy human raw materials market size has grown exponentially in recent years. It will grow from $2.34 billion in 2023 to $2.81 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, high demand for regenerative medicines, governmental funding and support, and growing healthcare expenditure.

The cell therapy human raw materials market size is expected to see exponential growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to expanding therapeutic applications, rising patient awareness, favorable regulatory frameworks, a growing biopharmaceutical sector, and improved manufacturing processes. Major trends in the forecast period include the adoption of allogeneic therapies, the integration of artificial intelligence, an increase in off-the-shelf cell therapies, the use of 3D bioprinting technology, and the and the development of hybrid cell therapies.

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Market Drivers and Trends:

The growing demand for minimally invasive treatment is expected to propel the growth of the calcium-hydroxylapatite filler market going forward. Minimally invasive procedures involve minimal or no incisions, offering quicker recovery and fewer complications than conventional surgery. Minimally invasive procedures are rising due to their benefits of reduced recovery time, lower risk of complications, minimal scarring, shorter hospital stays, and overall cost-effectiveness, making them increasingly attractive to patients seeking effective and efficient medical and cosmetic treatments. Calcium hydroxylapatite fillers are helpful in minimally invasive therapies by providing a safe and effective way to restore volume, contour the face, and reduce the appearance of wrinkles and folds without the need for surgery, making them a popular choice for natural-looking results with minimal downtime. For instance, according to the American Society of Plastic Surgeons, a US-based non-government organization representing plastic surgeons, in 2022, the total number of minimally invasive procedures reached 23,672,269. Therefore, the growing demand for minimally invasive treatment drives the growth of the calcium-hydroxylapatite filler market.

Major companies operating in the cell therapy human raw materials market increasingly focus on developing chemically defined cell culture mediums to accelerate cell therapy development. A cell culture medium is a nutrient-rich solution designed to provide essential nutrients, growth factors, and environmental conditions necessary for cells' in vitro growth and propagation outside their natural environment. For instance, in May 2023, Lonza Group AG, a Switzerland-based healthcare manufacturing organization, launched TheraPEAK T-VIVO Cell Culture Medium. This launch features a chemically defined formulation, serum-free, and animal component-free composition, recombinant proteins, enhanced culture and expansion support, and application assistance, ensuring consistency, safety, and regulatory compliance in cell therapy manufacturing. This medium represents significant technological advancements by eliminating animal components, chemically defined formulation, and regulatory-friendly characteristics, contributing to improved safety, quality, and regulatory compliance.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, GE Healthcare, Corning Incorporated, Lonza Group Ltd., Grifols S.A., WuXi AppTec, Catalent Inc., Sartorius AG, Charles River Laboratories, Bio-Rad Laboratories Inc., Pall Corporation, Bio-Techne Corporation, Miltenyi Biotec, Actylis, STEMCELL Technologies, Takara Bio Inc., Vericel Corporation, ACROBiosystems, BioIVT LLC, Orgenesis Inc., PromoCell GMBH, ViaCyte Inc., AllCells LLC, Sartorius CellGenix GmbH, Fujifilm Cellular Dynamics Inc., Mesoblast Limited, RoosterBio Inc., Thermogenesis Holdings Inc.

Cell Therapy Human Raw Materials Market 2024 Key Insights:

• The cell therapy human raw materials market size is expected to see exponential growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%.
• Rising Adoption Of Regenerative Medicine Is Driving The Cell Therapy Human Raw Materials Market
• Chemically Defined Mediums For Accelerated Development In The Cell Therapy Human Raw Materials Market
• North America was the largest region in the cell therapy human raw materials market in 2023

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This release was published on openPR.