Expanding Personalized Cell Therapy Market to Reach US$8,046.3 Million by 2022
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| Personalized Cell Therapy Market |
Market Overview:
The global Personalized Cell Therapy Market is projected to reach a valuation
of US$8,046.3 Million By 2022, with
a substantial CAGR of 23.5% during
the forecast period . Personalized cell therapy involves the use of a patient's
own cells to treat a variety of diseases and disorders, offering several
advantages such as improved therapeutic outcomes and reduced risks of
rejection. The increasing prevalence of chronic diseases and advancements in
regenerative medicine are driving the demand for personalized cell therapy
globally.
Market Key Trends:
One key trend in the personalized cell therapy market is the significant
investment in research and development (R&D) activities. As major players
in the market aim to innovate and develop advanced therapies, substantial
investments are being made towards R&D. This is primarily driven by the
growing need to enhance the effectiveness and safety of personalized cell
therapies, expanding their application in various therapeutic areas.
Additionally, collaborations and partnerships between pharmaceutical companies,
research institutes, and academic institutions are further driving R&D
investments in personalized cell therapy.
Some of the key players in the Personalized Cell Therapy Market include Cytori Therapeutics Inc., Bellicum
Pharmaceuticals, Inc., Saneron CCEL Therapeutics, Inc., MolMed S.p.A., Vericel
Corporation, Novartis AG, Gilead Sciences, Inc., Celgene Corporation, Bluebird
Bio, Inc., and Aurora Biopharma Inc. These industry leaders are actively
involved in research, development, and commercialization of personalized cell
therapies and are expected to contribute significantly to the growth of the
market.
Segment
Analysis
The personalized cell therapy market can be segmented based on therapy type and
application.
Based on therapy type, the market is divided into autologous therapy and
allogeneic therapy. Autologous therapy dominates the market, accounting for the
majority of the market share. This can be attributed to the advantages offered
by autologous therapy, such as reduced risk of immune rejection and
graft-versus-host disease. Additionally, autologous therapy allows for
personalized treatment tailored to each individual patient, which further
drives its dominance in the market.
Based on application, the market is segmented into oncology, cardiovascular
diseases, neurological disorders, orthopedic, and others. Oncology holds the
largest market share among the applications. This can be attributed to the
increasing prevalence of cancer worldwide and the growing demand for
personalized treatment options. Personalized cell therapy offers targeted
therapies for cancer patients, resulting in improved efficacy and better patient
outcomes.
Key Takeaways
The global personalized cell therapy market is expected to witness high growth,
exhibiting a CAGR of 23.5% over the
forecast period. This growth can be attributed to various factors. Firstly, the
increasing prevalence of chronic diseases, such as cancer and cardiovascular
diseases, is driving the demand for personalized treatment options.
Personalized cell therapy offers targeted therapies that have shown promising
results in improving patient outcomes.
Regionally, North America is the fastest-growing and dominating region in the
personalized cell therapy market. This can be attributed to the presence of
well-established healthcare infrastructure, a high prevalence of chronic
diseases, and favorable reimbursement policies. Additionally, ongoing
advancements in cell therapy technologies and a strong focus on research and
development activities contribute to the growth of the market in this region.
Key players operating in the personalized cell therapy market include Cytori
Therapeutics Inc., Bellicum Pharmaceuticals, Inc., Saneron CCEL Therapeutics,
Inc., MolMed S.p.A., Vericel Corporation, Novartis AG, Gilead Sciences, Inc.,
Celgene Corporation, Bluebird Bio, Inc., and Aurora Biopharma Inc. These key
players hold a significant market share and are actively involved in strategic
collaborations, acquisitions, and product launches to strengthen their market
position and expand their product portfolios.
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