Global Cell Therapy Market Market Overview:
Cell therapy refers to the transfer of autologous or allogeneic cellular material into a patient for medical purposes. The most common type of cell therapy is blood transfusion, the transfusion of red blood cells, white blood cells, and platelets from a donor. Potential applications of cell therapies include treating cancers, autoimmune diseases, urinary problems, and infectious diseases, rebuilding damaged cartilage in joints, repairing spinal cord injuries, improving a weakened immune system, and helping patients with neurological disorders.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Cell Therapy based research and Development
Market Growth Drivers:
Growing Number of Cancer Patients and Incidences across the Globe
Challenges:
Need For Continuous Improvement in Treatments Offering, Weak Health System and Lack of Infrastructure and Lack of Awareness and Other Debunking about Cell Therapy
Restraints:
Global Shortage of Cell Donors and High-Cost Associates with Cell Therapy
Opportunities:
Increasing Demand for Innovative Technology Such as Nucleic Acid Format and Viral Biosynthesis Methods for Nano Scale Analytics, Rising Demand for Product Optimization and Growing Awareness about Machine Learning and Artificial Intelligence to Classify Patients Improvements using Cell Therapy
Competitive Landscape:
The cell Therapy Market is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Novartis AG (Switzerland), Bluebird Bio (United States), Verticel (United States), Bristol Myers Squibb (United States), Amgen (United States), Gilead Sciences Inc. (United States), NuVasive (United States), Celyad Oncology (Belgium), Allogene Therapeutics (United States) and Abeona Cell Therapeutics (United States). Considering Market by Type , the sub-segment i.e. Autologous will boost the Cell Therapy Market market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Cell Therapy Market market. Considering Market by Therapy , the sub-segment i.e. Mesenchymal Stem Cell Therapy will boost the Cell Therapy Market market.
Latest Market Insights:
In February 2023, Globus Medical, a leading musculoskeletal solution company, and NUVASIVE, a leader in spinal technology innovation, entered into a definitive agreement to merge under a Jeonju transaction. This transaction unites two well-known technology companies in the musculoskeletal industry with a shared vision focused on innovation that relentlessly pursues unmet clinical needs to improve patient care.
In March 2020, Novartis entered into an initial agreement with Carisma Therapeutics, a biopharmaceutical pioneer in engineered macrophage-based therapeutics, to manufacture an HER 2-targeted CAR-M cell therapy, which was tested in an initial trial to treat solid tumors. Novartis' Global Biotech Cooperation’s division is committed to bringing CAR-M cell therapy to patients by collaborating with Carisma Therapeutics to provide proven, state-of-the-art cell and gene production capabilities.
What Can be Explored with the Cell Therapy Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cell Therapy Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cell Therapy Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cell Therapy Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cell Therapy Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Health Care Industries, Government Bodies and R&D Specialist.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.