Press release
Cell Therapy Market Set for a Rapid Growth with a CAGR of 14.5% by 2029 - Market Drivers and Key Players Revealed
Cell Therapy Market Size
What Is The Projected Market Size Of The Global Cell Therapy Market And Its Growth Rate?
The global cell therapy market has shown considerable growth over recent years:
•2024 Market Size: $14.56 billion
•2025 Market Size: $17.02 billion (16.9% CAGR)
•2029 Market Size: $29.28 billion (14.5% CAGR)
The market has remarkably expanded due to factors like regulatory milestones, clinical trials, market acceptance and perception. Future market growth is predicted based on ethical considerations, investment trends, consumer demand, healthcare infrastructure, and rapid innovation cycles.
What Is Driving The Growth In The Cell Therapy Market?
The growth of the cell therapy market can be attributed to the rise in chronic diseases. According to the CDC, chronic diseases such as heart disease, cancer, diabetes, and Parkinson's disease require significant medical attention and often limit daily activities. Cell therapy has proven beneficial for patients suffering from these conditions. In addition, updates in public health initiatives released by the CDC in July 2024 have spurred the growth in the market, given the high prevalence of heart disease, cancer, and diabetes among Americans. The prevalence of chronic diseases has increased the demand for cell therapy treatments and thus boosted the market's growth.
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Who Are the Key Players Driving Cell Therapy Market Growth?
Prominent global market players include:
•Celgene Corporation
•JCR Pharmaceuticals Co. Ltd.
•Baxter Healthcare Corporation
•Nipro Corp.
•Stempeutics Research Pvt. Ltd.
•Osiris Therapeutics Inc.
•Vericel Corporation
•AlloSource
•Anterogen Co. Ltd.
•Arteriocyte Medical Systems Inc.
•MediPost Co. Ltd.
What Are The Key Trends In The Cell Therapy Market?
Market trends indicate a significant evolution in the cell therapy market including:
•Introduction of personalized medicine
•Emergence of targeted treatments
• Development of gene editing technologies
•Expansion in stem cell research
•Advancements in immunotherapy
•Manipulation of microenvironments
What Are The Segments Of The Global Cell Therapy Market?
The global cell therapy market can be segmented into:
1) By Technique: Stem Cell Therapy, Cell Vaccine, Adoptive Cell Transfer (ACT), Fibroblast Cell Therapy, Chondrocyte Cell Therapy
2) By Therapy Type: Allogeneic Therapies, Autologous Therapies
3) By Application: Oncology, Cardiovascular Disease (CVD), Orthopedic, Wound Healing, Other Applications
Which Region Leads The Cell Therapy Market?
North America was the largest region in the cell therapy market in 2024. Other regions covered in the cell therapy market report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa, showcasing the global spread and application of cell therapy.
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What Is Covered In The Cell Therapy Market Global Market Report?
- Market Size Analysis: Analyze the Cell Therapy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cell Therapy 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 Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cell Therapy Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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