What is Cell Therapy Technology Market?
Cell therapy is a therapy in which cellular material is injected, grafted or implanted into a patient. It is a technology that relies on replacing diseased or dysfunctional cells with healthy, functioning ones. The form of cell therapy are whole blood transfusions, packed red cell transfusions, platelet transfusions, bone marrow transplants and organ transplants. It is applicable to some types of cancer, neurological diseases such as Parkinson disease and amyotrophic lateral sclerosis, spinal cord injuries and diabetes.
The market study is being classified by Type (Consumables, Equipment {Cell Processing Equipment, Single-Use Equipment and Other} and Systems and Software) and major geographies with country level break-up.
Beckman Coulter (United States), Vericel Corporation (United States), Thermo Fisher Scientific (United States), Becton, Dickinson and Company (United States), GE Healthcare (United States), Lonza (Switzerland), Merck KGaA (Germany), Miltenyi Biotec (Germany), STEMCELL Technologies, Inc. (Canada) and Terumo BCT (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Kolon TissueGene, Inc. (United States), JCR Pharmaceuticals Co., Ltd. (Japan), Mesoblast Ltd (Australia), Osiris Therapeutics, Inc. (United States) and NuVasive, Inc. (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cell Therapy Technology market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cell Therapy Technology market by Type, Application and Region.
On the basis of geography, the market of Cell Therapy Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of People Affecting Cancer and Chronic Diseases
- Declining Prices of the Stem Cell Therapies
Market Trend
- Technological Improvement and Advancements
Restraints
- High Cost of Cell-Based Research and Low Success Rate
Opportunities
- Government Investments in Cell-Based Research
- Increasing Adoption of Regenerative Medicine
- Growing Aging Population Worldwide
Challenges
- Stringent Regulatory Policies
Market Leaders and some development strategies
On 1st May 2019, Thermo Fisher Scientific Inc., the world leader in serving science, completed the acquisition of Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies.
On 16th May 2019, GE Healthcare launched automation software for cell therapy. It has been designed to fit specific requirements to incorporate the platform into existing software and hardware framework. Chronicle automation software is a GMP compliant fit for purpose digital solution designed to optimize complex cell therapy process development and manufacturing
Key Target Audience
Cell Therapy Technology Providers, Research Institutes, Emerging Companies, Government Body & Associations and End-user