Cell Therapy Market Exclusive Report on the Latest Trends and Opportunities in the Market
The global cell therapy market is due to grow at a CAGR of 10.6% during the forecast period of 2017 to 2023 according to Market Research Future’s latest report on the subject.
Cell therapy market has emerged as a transformative field in biotechnology due to its use for the targeting of various diseases at a cellular level. The above-average growth expected by this market will primarily be due to the rapidly advancing healthcare sector and growing breakthrough research and development activities.
Cell therapy is finding a growing number of applications in healthcare and is often used in combination with gene therapy. Presently, applications of cell therapy include urinary problems, cancers, autoimmune disease, and infectious disease among several others. The growing prevalence of chronic and lifestyle diseases is an important driver for the cell therapy market. cell therapy processing is also being developed in regenerative medicine which carries massive potential once it clears the research phase. Increasing geriatric population with health issues and technological advancements are some other factors governing market growth. government assistance for research and improvements being made in existing regulatory frameworks are expected to pave the way for future market opportunities.
However, it should be noted that the high cost of manufacturing at present and the lack of awareness or appropriate healthcare infrastructure are expected to challenge market growth.
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The global cell therapy market is segmented on the basis of
- Cell source
The Americas with their inclusion of North America lead the market with the largest share due to the rising awareness regarding cell therapy in the region and the presence of an advanced healthcare sector. High healthcare expenditure, the presence of a large geriatric population and the growing demand for effective regenerative medicine are some of the important factors driving market growth. Europe accounts for the second largest regional segment due to the comparable growth pattern to that of the Americas. Moreover, the region has forward-thinking government policies which support research and development in the advancement of the healthcare sector.
The Asia Pacific accounts for the fastest growing region in the global market due to the presence of a massive patient pool and a rapidly developing healthcare sector. rising disposable incomes and urbanization in the region has increased the demand for advanced healthcare. Healthcare expenditure in the region is growing steadily and is expected to augment the cell therapy market in APAC.
Cell Therapy Market Players
- GlaxoSmithKline plc,
- Genzyme Corporation,
- Advanced Tissue,
- Novartis AG,
- EUFETS GmbH,
- BioNTech IMFS,
- JCR Pharmaceuticals Co.,
- Grupo Praxis,
among others are some key companies in the global Cell Therapy that are listed by MRFR for market research.
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1 Executive Summery
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 Assumptions & Limitations 15
2.3.1 Assumptions 15
2.3.2 Limitations 15
2.4 Market Structure 16
3 Research Methodology
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 19
3.4 Market Size Estimation 20
3.5 Forecast Model 20
4 Market Dynamics
4.1 Introduction 21
4.2 Drivers 22
4.2.1 Rise In Number Of Cell Therapy Clinical Studies 22
4.2.2 Rising Adoption Of Regenerative Medicine 22
4.3 Restraints 23
4.3.1 Ethical Concerns Related To Stem Cell Research 23
4.3.2 Stringent Regulatory Policies 23
4.4 Opportunities 23
4.4.1 Entering Developing Economies 23
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