Press release
Cell Therapy Technologies Market: Soaring to $9.87 Billion by 2029 with a Compound Annual Growth Rate of 14.9%
Cell Therapy Technologies Market Size
What Is The Projected Market Size Of The Global Cell Therapy Technologies Market And Its Growth Rate?
The global Cell Therapy Technologies Market size and its projected growth rate are as follows:
• 2024 Market Size: $4.92 billion
• 2025 Projected Market Size: $5.67 billion (Growth at a CAGR of 15.4%)
• Major growth drivers: Strong economic growth in emerging markets, increased healthcare expenditure, and an increased investment by governments in cell-based research, as well as growing demand for personalized medicine.
• 2029 Projected Market Size: $9.87 billion (Growth at a CAGR of 14.9%)
• Major trends: Innovations in product development, use of advanced technologies, increased R&D expenditure in pharmaceuticals, a rise in aging population, and prevalence of cancer.
What Is Driving The Growth In The Cell Therapy Technologies Market?
The major driver of growth in the cell therapy technologies market is increasing government investment in cell-based research. Governments are investing in the development of cell therapies for diseases such as cancer and cardiovascular disease. An example of this is The California Institute for Regenerative Medicine (CIRM), which invested over $11 million in May 2022 to fund a clinical trial for a cell therapy to treat throat cancer, thereby mitigating the side effects associated with radiotherapy.
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Who Are the Key Players Driving Cell Therapy Technologies Market Growth?
Major operators in the cell therapy technologies market include:
• Lonza Group AG
• Thermo Fisher Scientific Inc
• Merck KGaA
• Terumo Corporation
• Danaher Corporation
• Fresenius Medical Care AG & Co. KGaA
• Fujifilm Holdings Corporation
• Sartorius AG
• Becton Dickinson and Company
• Avantor Inc., and others.
What Are The Key Trends In The Cell Therapy Technologies Market?
Key trends in the cell therapy technologies market include:
• Development of innovative products using advanced technologies
• Development of innovative cell therapies
• Increased investment in manufacturing facilities
• Strategic partnerships and collaborations.
What Are The Segments Of The Global Cell Therapy Technologies Market?
The global cell therapy technologies market is segmented into:
• By Product: Consumables, Equipment, Systems And Software
• By Cell Type: T-Cells, Stem Cells, Other Cells
• By Process: Cell Processing, Cell Preservation, Distribution And Handling, Process Monitoring And Quality Control
• By End User: Life Science Companies, Research Institutes And Cell Banks
Which Region Leads The Cell Therapy Technologies Market?
In 2024, North America was the largest contributor to the cell therapy technologies market due to significant healthcare investments and the prevalence of lifestyle diseases. Asia-Pacific is expected to record the fastest growth during the forecast period. The report also covers the market performance in regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Cell Therapy Technologies Market Global Market Report?
- Market Size Analysis: Analyze the Cell Therapy Technologies Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cell Therapy Technologies Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cell Therapy Technologies Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cell Therapy Technologies Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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