Autologous Cell Therapy Market Will Exhibit Incredible Growth | Key Trends, Growth Factors and Opportunities Over 2019-2027

The autologous cell therapy market is prognosticated to observe steady growth during the forecast period of 2019-2027.

The autologous cell therapy market is prognosticated to observe steady growth during the forecast period of 2019-2027. The growing prevalence of autoimmune disorders among a considerable chunk of the global populace will invite extensive growth prospects for the autologous cell therapy market. Furthermore, the growing popularity of autologous cell therapy in the treatment of various conditions such as orthopedic oncology, neurological, and autoimmune diseases will bring considerable growth prospects for the global market.

The expanding scope of funding from various government and non-government organizations coupled with an increase in the initiatives of the government bodies in boosting the research and development activities in the healthcare sector will assure extensive growth opportunities for the global market.

Regulatory bodies like the Food and Drug Administration (FDA) are providing ‘orphan drug’ status to many therapies developed for rare diseases using cell therapy. This aspect will bring tremendous growth opportunities. The growing awareness about the benefits of autologous cell therapy also presents a plethora of opportunities for the growth of the global market.

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Research and development activities form an important part of the autologous cell therapy market growth trajectory. The players invest in these activities for focusing on new developments and formulations. These formulations ensure an increase in the revenues of the players in the autologous cell therapy market, eventually boosting the growth prospects.

Mergers, acquisitions, joint ventures, and partnerships form an important part of the autologous cell therapy market growth structure. The players indulge in these collaborations for strengthening their influence across the autologous cell therapy market. All these aspects prove to be growth boosters for the autologous cell therapy market.

Transparency Market Research’s (TMR’s) report on the autologous cell therapy market has every component that will assist the stakeholder in understanding the current scenario. The overall market research survey on autologous cell therapy by TMR suggests a stable growth period.

According to the TMR experts, the market for autologous cell therapy is prognosticated to expand at 18.1% CAGR during the forecast period of 2019-2027. In the context of valuation, the autologous cell therapy market is estimated to reach a valuation of US$ 34.7 Bn by 2027 and stood at US$ 7.5 Bn in 2018.

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Growing Incidence of Autoimmune Diseases and Cancer to Boost Demand

The expanding prevalence of cancer orthopedic disorders and autoimmune diseases is expected to bring considerable growth for the autologous cell therapy market. In addition, neurological disorders like multiple sclerosis and Parkinson’s disease are also expected to bring profitable growth. The World Health Organization (WHO) estimates that cancer is the second leading cause of death in the world. These statistics shed light on the need for treating cancer. Thus, based on all these aspects, the autologous cell therapy market is anticipated to add value to the growth trajectory.

North America to Emerge as Champion Growth-Generating Region

North America held a large growth-share in 2018 and is prognosticated to continue the same trend during the forecast period. The presence of a well-developed healthcare infrastructure coupled with the technological advancements and government support is expected to bring exponential growth for the autologous cell therapy market in North America.

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The autologous cell therapy market in Asia Pacific is also estimated to observe rapid growth during the forecast period. The growing medical tourism in the region and an increase in contract research activities, especially in countries like China and India will churn extensive growth for the autologous cell therapy market in Asia Pacific. These factors bode well for the overall growth trajectory.

Some well-entrenched players in the autologous cell therapy market are Takeda Pharmaceutical Company Limited., Lineage Cell Therapeutics, Inc., Castle Creek Biosciences, Inc., and U.S. Stem Cell, Inc.

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