Cell Therapy Technologies Market is projected to grow from USD 4.0 billion in 2022 to USD 8.0 billion by 2027, at a CAGR of 14.6% from 2022 to 2027, according to a new report by MarketsandMarkets™. Growth in the market can be attributed to number of cell therapy clinical trials related to cancer. Furthermore, increasing incidence of communicable diseases and the growing risk of pandemics are also expected to fuel the market growth.
Cell therapy technologies are medical treatments that involve the use of living cells or their derivatives to treat or prevent disease. These therapies are being used to treat a wide range of diseases and conditions, including cancer, autoimmune diseases, and heart disease.
The global cell therapy technologies market is expected to grow at a significant rate during the forecast period owing to the increasing prevalence of chronic and degenerative diseases, technological advancements, and rising government funding for cell therapy research. The increasing number of clinical trials and the increasing focus on personalized medicine are expected to drive the market growth.
However, the high cost associated with cell therapy and the lack of infrastructure for cell therapy research are expected to hamper the growth of the market. The growing adoption of cell therapy technologies in emerging economies and the increasing focus on regenerative medicine are expected to present opportunities for the growth of the market.
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Top Lading Players: Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), Lonza Group (Switzerland), Sartorius AG (Germany), Terumo BCT (US), Becton, Dickinson and Company (US), Fresenius SE & Co. KGaA (Germany), Avantor, Inc. (US), Bio-Techne Corporation (US), Corning Incorporated (US), FUJIFILM Irvine Scientific (US), MaxCyte Inc. (US), Werum IT Solutions GmbH (Germany), RoosterBio Inc. (US), SIRION Biotech GmbH (Germany), TrakCel (UK), L7 Informatics, Inc. (US), Miltenyi Biotec GmbH (Germany), STEMCELL Technologies (Canada), GPI Iberia (Spain), MAK-SYSTEM (US), OrganaBio, LLC (US), IxCells Biotechnology (China), and Wilson Wolf Manufacturing Corporation (US)
Some Key Highlights from the Report:
1. The global cell therapy technologies market is projected to reach USD 8.0 billion by 2027 from USD 4.0 billion in 2022, at a CAGR of 14.6%.
2. The cell therapy technologies market is driven by the rising incidence of chronic diseases, increasing investments in stem cell research, and technological advancements in stem cell isolation and culture.
3. On the basis of product, the cell therapy technologies market is segmented into cell isolation/enrichment systems, cell culture systems, cell banks, cell delivery systems, and analytical instruments.
4. Based on application, the market is segmented into cancer, autoimmune & inflammatory diseases, cardiovascular diseases, neurological diseases, and other applications.
5. The cell therapy technologies market is dominated by North America, followed by Europe.
6. The key players in the market include Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), Becton, Dickinson and Company (US), Miltenyi Biotec (Germany), Lonza Group AG (Switzerland), Terumo BCT, Inc. (US), STEMCELL Technologies, Inc.
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Segments covered in the report:
By Product
- Media, Sera, and Reagents
- Cell Engineering Products
- Cell Culture Vessels
- Cell Therapy Equipment
- Cell Processing Equipment
- Single-use Equipment
- Other Equipment
- Systems and Software
- Other Products
By Process
- Cell Processing
- Cell Preservation, Distribution, and Handling
- Process Monitoring and Quality Control
By Cell Type
- T-cells
- Stem Cells
- Other Cells
By End User
- Biopharmaceutical and Biotechnology Companies
- CROs and CMOs
- Research Institutes and Cell Banks
Regional Outlook:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
1. What are the dominating factors that are influencing the growth of the industry?
2. In the forecast period, which market segment is expected to rise the most?
3. What are the risks and challenges that the industry is facing?
4. In the coming years, which area is projected to dominate the market?
5. Who are the major players in the market?
6. What kind of strategic business plans have they made?
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