Press release
Cell Therapy Market is expected to reach US$ 42.44 billion by 2031, growing at a CAGR of 30.67% - Gilead Sciences, Inc., Novartis, AG, Vericel Corporation.
The global cell therapy market reached US$ 4.17 billion in 2023 and is expected to reach US$ 42.44 billion by 2031, growing at a CAGR of 30.67% during the forecast period 2024-2031.Cell Therapy Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Cell therapy involves the transplantation or modification of living cells to treat diseases, regenerate tissues, or restore function. It includes stem cell therapy, CAR-T cell therapy, and regenerative medicine applications. Cell therapy is widely used in hematologic cancers, autoimmune disorders, and degenerative diseases. Advances in genetic engineering and biomaterials enhance the safety and effectiveness of cell-based treatments. Challenges such as immune rejection, manufacturing scalability, and regulatory approvals impact its widespread clinical adoption.
List of the Key Players in the Cell Therapy Market:
Gilead Sciences, Inc., Novartis, AG, Vericel Corporation, CO.DON GmbH, Bristol Myers Squibb Company, IOVANCE Biotherapeutics, Inc., Dendreon Pharmaceuticals LLC, Enzyvant Therapeutics GmbH, CellTrans, Gamida Cell Inc.
Industry Development:
In August 2024, The Food and Drug Administration (FDA) has approved a cellular therapy known as afamitresgene autoleucel, or afami-cel (Tecelra), to treat individuals with metastatic synovial sarcoma, a type of soft tissue sarcoma. This is tahe first time the agency has approved a T-cell receptor (TCR) therapy for cancer.
Growth Forecast Projected:
The Global Cell Therapy Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Cell Therapy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Cell Therapy Market:
By Delivery Technology: Non Viral Delivery, Physical Methods, Chemical Methods, Viral Delivery.
By Cell Type: Stem Cell, Non-Stem Cell.
By Therapy Type: Autologous Therapy, Allogeneic Therapy.
By Application: Cancer, Autoimmune Disorders, Musculoskeletal Disorders, Dermatology, Others.
By End User: Hospitals, Specialty Clinics, Others.
Regional Analysis for Cell Therapy Market:
The regional analysis of the Cell Therapy Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Cell Therapy market?
➠ Who are the leading manufacturers in the global Cell Therapy industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Cell Therapy industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Cell Therapy market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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