The global cell therapy market size was US$ 7.88 billion in 2021. The global cell therapy market is forecast to grow to US$ 22.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2022 to 2030.
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In cell therapy, healthy cells are introduced to the patient’s body. In this therapy, new cells replace the diseased or missing cells.
Factors Influencing the Market
Cell therapy is getting substantial traction due to the rising prevalence of diseases. In addition to that, the development of precision medicine and growing advancements in cellular therapies leading to high efficiency will fuel the growth of the cell therapy market.
The establishment of efficient stem cell banking facilities will benefit the cell therapy market. Furthermore, technological advancements in the market are expected to surge the demand for cell therapies in the coming years.
The growing range of clinical studies aiming at unveiling the new potential of cellular therapies will boost industry growth. Stem cells are expected to fulfil the unmet demand of the pharmaceutical industry, biotech entities, and doctors. Furthermore, it is expected to help professionals in proper disease management, which will escalate the industry growth during the forecast period. For instance, Lonza (Switzerland) inked a pact with IsoPlexis (USA) in 2020 with the aim to develop the next generation of precision cell therapy.
Government and private funding aiming at amplifying clinical trials will benefit the market. On the contrary, ethical concerns associated with cell therapies may limit the industry’s growth during the study period.
COVID-19 Impact Analysis
Demand for cell therapies stayed the same due to rapidly growing R&D activities in the industry during the COVID-19 pandemic. Furthermore, the sudden increase in healthcare expenditure, combined with the rise in the number of private investments, has significantly contributed to the growth of the global cell therapy market.
Regional Analysis
The Asia-Pacific cell therapy market is forecast to grow at the fastest rate, owing to the increasing range of advancements in stem cell therapy. Furthermore, the region is leading in terms of stem cell research, which will contribute to the market growth. In addition to that, rising healthcare expenditure and improving infrastructure in developing economies like China and India will also contribute to the cell therapy market growth. The market may witness untapped potential in the region due to the large regional population and growing prevalence of diseases.
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Competitors in the Market
Kolon TissueGene, Inc.
Anterogen Co., Ltd.
JCR Pharmaceuticals Co., Ltd.
Castle Creek Biosciences, Inc.
MEDIPOST
Osiris Therapeutics, Inc.
PHARMICELL Co., Ltd
Tameika Cell Technologies, Inc.
Vericel Corporation
Celgene Corporation
Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Cell Therapy industry experienced notable growth in its workforce. Starting in January, employment within the Cell Therapy sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Cell Therapy output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Cell Therapy output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Cell Therapy market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Cell Therapy market.
Market Segmentation
The global cell therapy market segmentation focuses on Use, Therapy, and Region.
By Use-Type Outlook
Clinical-use
Therapeutic Area
Malignancies
Musculoskeletal Disorders
Autoimmune Disorders
Dermatology
Others
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Cell Type
Stem Cell Therapies
BM, Blood, & Umbilical cord-derived Stem Cells
Adipose-derived cells
Others
Non-stem Cell Therapies
Research-use
By Therapy Type Outlook
Allogenic Therapies
Autologous Therapies
By Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Cell Therapy Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Cell Therapy Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Cell Therapy Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Cell Therapy Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Cell Therapy market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Cell Therapy market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Cell Therapy business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
* Assisting businesses in gauging the viability of new or existing products or services.
* Facilitating business enterprises in the identification and cultivation of novel market segments.
* Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
* Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
* Analyzing market trends to aid businesses in devising adaptive strategies.
* Guiding businesses in the optimal placement of their products.
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