The global Autologous Cell Therapy Product market is forecast to reach USD 35.64 Billion by 2027, according to a new report by Reports and Data.
The global Autologous Cell Therapy Product market is forecast to reach USD 35.64 Billion by 2027, according to a new report by Reports and Data. The primary factor driving the market is the growing incidence of chronic diseases such as cancer, autoimmune diseases, and blood cancer, among many others. The rise in the population suffering from chronic conditions is also augmenting the market growth.
The global autologous cell therapy market is anticipated to showcase an intensely competitive atmosphere in the following years. The principal performers in the market cooperate in joint investments, takeovers, mergers, and benefits to gain entry into the national market. Corporations are also setting up manufacturing units and subsidiaries in developing nations, and this initiative is contributing to the high demand for the market.
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The inception of effective guidelines for cell therapy manufacturing, the development of advanced genomic analysis techniques, a vast number of research by cancer societies, and proven effectiveness of transplants are some of the primary growth factors for the market. Certain pharmacological and manufacturing issues and regulatory hurdles are restricting the growth of the market. The Japanese government has recognized autologous cell therapy and regenerative medicine as a major donor to the country’s economic growth. This has influenced the attention of global market players towards the Asian market, thereby fostering marketing operations in the region.
Further key findings from the report suggest
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- The global autologous cell therapy market increased at a significant CAGR over 2019 to 2027 due to the increasing predominance of cancer across the globe and raising funds from the government and market performers receiving support for the products.
- Based on Application, the cancer segment accounted for more extensive market income share in 2019, owing to the rise in the number of patients suffering from this disease. Cancer has rapidly grown in the coming years.
- According to the World Health Organization, there were 18.1 million new cases of cancer in 2018 and 9.6 million deaths in the same year. The cancer research UK has stated that the population suffering from cancer is expected to grow in the future. It is predicted that there will be 27.5 million new cases each year globally by the year 2040.
- The Hospital emerged as the largest segment and is estimated to generate revenue of over USD 14.26 billion by 2027. The lucrative growth in the segment is due to the increase in the number of pipeline projects over the past few years. As per the Cancer Research Institute (CRI), the number of projects rose from 753 in 2018 to 1,011 in 2019.
- North America is expected to be an active region over the forecast period. The United States will be the major contributor and is expected to witness high growth owing to the huge amount of funding by the government and private firms for clinical trials. The region is expected to exhibit a CAGR of 18.2% over the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Brainstorm Cell Therapeutics Inc., Bayer AG, Daiichi Sankyo Co. Ltd., Holostem Terapie Avanzate Srl, FUJIFILM Holdings Corp., Teva Pharmaceutical Industries Ltd, Osiris Therapeutics Inc., Sumitomo Chemical Co. Ltd., Takeda Pharmaceutical Co. Ltd, and Vericel Corp among others.
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Autologous Cell Therapy Product Market Segmentation:
Source Outlook (Revenue, USD Billion; 2017-2027)
- Bone Marrow
- Epidermis
End-User Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Ambulatory Centers
- Research Centers
Application Outlook (Revenue, USD Billion; 2017-2027)
- Cancer
- Neurodegenerative Diseases
- Wound Healing
- Orthopedic
- Cardiovascular diseases
- Autoimmune Diseases
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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