Expert Market Research’s new report titled “Global Cell therapy market Report and Forecast 2021-2026′, gives an in-depth analysis of the global cell therapy market, assessing the market based on its segments such as applications, manufacturing process, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 7%
The industry is propelled by the growing number of clinical trials for mitochondrial drugs. As a result, global investment in research and clinical applications has increased dramatically. The presence of government and commercial funding bodies that constantly give grants to help clinical trials at various stages can be attributed to the increasing number of clinical trials taking place. Moreover, the growth of the market has been aided by the continuous introduction of new technologies which have facilitated the creation of new drugs. The introduction of proprietary cell lines is often recognized as the most efficient method of generating a diverse variety of alternatives from a single product. During the forecast period, this kind of continuous activity is expected to propel the growth of the market.
Industry definition and major segments
Cell therapy (also called organ transplantation or cytotherapy) is a type of therapy in which viable cells are implanted, grafted or infused into a patient to achieve a therapeutic effect, for example by transplanting T cells capable of fighting cancer cells via cells – mediated immunity during immunotherapy or by stem cell transplantation to regenerate diseased tissue.
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By Type, the market is split into:
- Clinical use
By Therapies, the market is split into:
- Allogeneic therapies
- Autologous therapies
By region, the industry is classified into:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Growing research and development (R&D) efforts in the medical sector are driving the market. The COVID-19 pandemic should have accelerated pharmacological and biotechnological research efforts, including cell therapy. Because the deadly virus severely destroys the infected patient’s lungs and immune system, numerous cell treatments are increasingly being investigated as a viable cure for the unique disease, driving the growth of the market. Another breakthrough for the cell therapy market is expected to be the development of an effective treatment for solid tumors. During the forecast period, the potential of cell therapy to cure major diseases such as anemia, cancer, and Alzheimer’s disease, among others, is expected to drive cell therapy business. The research use category dominated the cell therapy market, accounting for the majority of the market share. Replacement, repair, restoration and regeneration of damaged tissues, cells and organs are all possibilities with cell therapies. As an alternative to standard treatment procedures, researchers are investing heavily in creating effective and safe remedies. The cell treatment market is driven by the growth of cell banks and the evolution of companies towards the development of allogeneic therapeutic products.
Due to the high prevalence of genetic diseases, North America dominates the global cell and gene therapy market. The large share of the region can be linked to the presence of a large number of centers and institutes working in the research and development of stem cell treatments. During the projected period, the cell therapy market in Asia and the Pacific is expected to grow at a steady pace. Growing developer and consumer investment in self-education for advanced medicinal therapies is expected to improve the revenue generated by emerging economies in the region. In Asian countries, there are a number of stem cell consortia whose aim is to ensure that R&D projects are well coordinated and targeted. Moreover, due to the flexible legal framework, many patients from Western countries have been spotted migrating to these Asian countries for their treatment. Factors such as beneficial government initiatives and rising number of research collaborations among key market players are expected to boost the growth of the global market.
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Main market players
The major market players are Pfizer Inc., F. Hoffmann-LA Roche Ltd, Sanofi SA, Bristol-Myers Squibb Company, AbbVie Inc., Novartis AG, GlaxoSmithKline PLC, Amgen Inc., Johnson & Johnson, and Takeda Pharmaceutical Co. Ltd, among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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