Cell Therapy Market Comprehensive Analysis: Check Latest Strategic Moves of Emerging Players 2027
The growth of the market is attributed to increasing prevalence of chronic diseases, rising adoption of regenerative medicines, and surging number of approvals for cell-based therapies. However, the high cost of cell therapy manufacturing hinders the growth of the cell therapy market
The cell therapy market, based on therapy type, is bifurcated into
allogeneic and autologous. In 2019, the allogeneic segment accounted for a
larger share owing to the availability of substantial number of approved
products for clinical use. For instance, in 2018, Alofisel developed by TiGenix
(Takeda) is the first allogeneic stem cell-based therapy approved for use in
Europe.
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Leading Cell Therapy Market Players:
·
Vericel
Corporation
·
MEDIPOST
·
NuVasive,
Inc.
·
Mesoblast
Limited
·
JCR
Pharmaceuticals Co. Ltd.
·
Smith
& Nephew
·
Bristol-Myers
Squibb Company
·
Cells
for Cells
·
Stemedica
Cell Technologies, Inc,
·
Castle
Creek Biosciences, Inc.
Cell Therapy Market: Segmental Overview
Therapy Type-Based
Insights
The cell therapy market, based on therapy type, is
bifurcated into allogeneic and autologous. In 2019, the allogeneic segment
accounted for a larger share owing to the availability of substantial number of
approved products for clinical use. For instance, in 2018, Alofisel developed
by TiGenix (Takeda) is the first allogeneic stem cell-based therapy approved
for use in Europe.
Product-Based Insights
The cell therapy market, by product, is segmented
into consumables, equipment, and systems and software. The consumables segment
held the largest share of the market in 2019, and the same segment is
anticipated to register the highest CAGR in the market during the forecast
period.
Technology-Based Insights
Based on technology, the cell therapy market is
segmented into viral vector technology, genome editing technology, somatic cell
technology, cell immortalization technology, cell plasticity technology, and
three-dimensional technology. The viral vector technology segment held the
largest share of the market in 2019. Also, the same segment is anticipated to
register the highest CAGR in the market during 2020–2027.
Application-Based Insights
The cell therapy market, by application, is
segmented into oncology, cardiovascular, orthopedic, wound management, and
other applications. The oncology segment held the largest share of the market
in 2019. Also, the same segment is anticipated to register the highest CAGR in
the market during the forecast period.
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Cell Therapy Market Segmented by Region/Country: North America,
Europe, Asia Pacific, Middle East & Africa, and Central & South America
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