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Cell Therapy Market – Comprehensive Latest Study Explores Huge Growth by 2028 | Major Players Dendreon, Mesoblast, Vericel, Novartis AG, GlaxoSmithKline plc, Medipost, Osiris, Pharmicell, NuVasive, Inc., JCR Pharmaceuticals Co., Ltd., Anterogen Co., Ltd.

Cell Therapy Market Overview:

Cell therapy is a treatment where viable, disease-free cells are surgically injected, chemically grafted, or embedded into a person in order to bring about a therapeutic effect, such as, by transplanting stem cells capable of fighting disease. If the cells successfully integrate themselves into the patient’s tissues and organs, the result is a boost in the body’s immune system that may help ward off or prevent diseases. The procedure may also be used to treat diseases like Parkinson’s, arthritis, migraine headaches, cysts on the ovaries, tumors, multiple sclerosis, sickle cell disease, AIDS, and some other serious illnesses. It also relieves pain associated with serious injuries or diseases, like joint pain and back pain. In some cases, it may even reverse disease progression.

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Cell Therapy Market Dynamics:

R&D of induced pluripotent stem cells is expected to boost the growth of the global cell therapy market over the forecast period. For instance, in April 2019, Fate Therapeutics collaborated with UC San Diego to launch off-the-shelf immunotherapy (FT500), which was developed from human-induced pluripotent stem cells.

Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the global cell therapy market. For instance, in the U.S., from 3 January 2020 to 5:06 PM CEST, 22 September 2021, there have been 42,034,347 confirmed cases of COVID-19 with 671,728 deaths, reported to WHO. As of 16 September 2021, a total of 388,936,652 vaccine doses have been administered. Such a scenario has led to R&D in cell therapy for the treatment of Covid-19. For instance, in September 2021, the Global Institute of Stem Cell Therapy and Research announced that the U.S. Food and Drug Administration approved the use of its proprietary stem cell therapy treatment for hospitalized COVID-19 patients.

Cell Therapy Market – Key Takeaways:

R&D of induced pluripotent stem cells is expected to boost the growth of the global cell therapy market over the forecast period.

Major players operating in the cell therapy market are focused on launching new products to expand their product portfolio. For instance, in October 2020, Thermo Fisher Scientific launched its Gibco CTS Rotea Counterflow Centrifugation System, a modular, closed-cell therapy processing system that enables scalable, cost-effective cell therapy development and manufacturing.

Major players operating in the cell therapy market include, Dendreon, Mesoblast, Vericel, Novartis AG, GlaxoSmithKline plc, Medipost, Osiris, Pharmicell, NuVasive, Inc., JCR Pharmaceuticals Co., Ltd., Anterogen Co., Ltd., Cynata, Cellectis, BioNTech IMFS, EUFETS GmbH, Cognate, Pluristem, Grupo Praxis, Genzyme Corporation, and Advanced Tissue

Cell Therapy Market segmentation:

The Cell Therapy market has been split into various crucial divisions including applications, types, and regions. Each market segment is studied in depth in the report, considering its market acceptance, merit, demand, and growth prospects. Segmentation analysis will help the customer tailor their marketing approach to better grasp each segment and identify the most prospective customer base.

Cell Therapy market is primarily segmented into Type:

  • Autologous
  • Allogeneic

Cell Therapy market is segmented into Applications:

  • Hospitals and clinics
  • ASCs
  • Regenerative medicine centers

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Regional insights into the Cell Therapy market:

In terms of region, this research report covers almost all major regions of the world such as North America, Europe, South America, the Middle East, Africa, and the Asia Pacific. The regions of Europe and North America are expected to show an upward growth in the years to come. While the Cell Therapy market in the Asia Pacific region is likely to show substantial growth over the projected period 2021-2028. Cutting-edge technology and innovations are the most important traits of the North American region and this is the reason most of the time that the United States dominates global markets. The Cell Therapy market in the South America region is also expected to grow in the near future.

Cell Therapy Market Report provides future growth drivers and the competitive landscape. This will be beneficial for the buyers of the market report to get a clear view of the important growth and subsequent market strategy. Granular market insights will help monitor future profitability and make important growth decisions.

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Last Updated: 27-Sep-2021