Research Nester released a report titled “Cell Therapy Technologies Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global cell therapy technologies market in terms of market segmentation by product type, by cell type, by process stages and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Cell therapy or cytotherapy is the transplantation of therapeutic cells into the body in order to repair any damaged tissues. The cell therapy technologies market has witnessed a significant growth in recent years on account of increasing demand for cell therapy, including both stem cell therapy and non-stem cell therapy.
The cell therapy technologies market is anticipated to record a CAGR of around 15% and attain a notable market size over the forecast period i.e. 2019-2027. Furthermore, the market is segmented by cell type into human cells and animal cells. The growing demand for human cells for cell therapy is boosting the growth of the cytotherapy technologies market. The process of development of human cells for the purpose of cell therapy requires certain technology, software and instruments. The growth of the market can be attributed to these factors.
North America is anticipated to hold the leading position in cell therapy technologies market during the forecast period on account of the rising number of clinical trials in this region, especially U.S. and Canada. Additionally, the increasing number of research institutions and growing research activities are contributing to the growth of this market. The region estimated to show the second highest growth in the market is Asia-Pacific region which can be attributed to strong focus on development of the healthcare sector in recent years, especially in countries such as China, Japan, Korea and India.
Improving Advancements In Cell Therapy
The rise in the demand for research based on cell therapy has initiated the development of better and improved technologies which are anticipated to result in the growth of this market. Additionally, new technologies which are being developed on a regular basis along with better production facilities adhering to manufacturing guidelines have led to a boost in the manufacturing sector for healthcare devices, further leading to the growth of cell therapy technologies market.
Higher Incidences Of Diseases To Drive The Growth Of Cell Therapy Technologies Market
Unhealthy diet and physical inactivity are two factors contributing towards prevalence of major health disorders. Cell therapy has been found to treat various disorders including cancers, diabetes, spinal cord injuries, heart related disorders and others. As a result of the ongoing research for the usage of cell therapy, the market for novel cell therapy technologies has broadened.
However, the limited number of FDA approved cell therapies act as a key restraint in the cell therapy technologies market. Some of the major market players are working towards minimizing these restraints through increased funding for research and development activities in this industry.
This report also provides the existing competitive scenario of some of the key players of the global cell therapy technologies market which includes company profiling of Beckman Coulter, Becton, Dickinson and Company, GE Healthcare, Merck KGaA, Lonza, Terumo BCT, Thermo Fisher Scientific, Novartis AG, Sartorius AG, Miltenyi Biotec. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cell therapy technologies market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.