Autologous Cell Therapy Product Market to Reach USD 35.64 Billion By 2027, Analysis 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 leading factor driving the market is the increasing occurrence of chronic diseases such as cancer, autoimmune diseases, among others. The increase in the population suffering from chronic disorders is also augmenting the market revenue.
The global market for autologous cell therapy product is predicted to exhibit a highly competitive environment in subsequent years. In order to gain entrance into the market, the top performers in the market participate in joint ventures, takeovers, mergers and partnerships. In developed nations, businesses are setting up autologous cell therapy product manufacturing units and branches, and such initiatives are leading to high consumer demand.
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Some of the key market drivers are the development of innovative genomic analysis methods, the introduction of appropriate guidelines for the manufacture of cell therapy, a wide variety of studies by cancer societies, and the established efficacy of transplants. The growth of the autologous cell therapy product market is limited by some pharmacological and development issues and regulatory hurdles. the Japanese government has recognized autologous cell therapy and regenerative medicine as a considerable contributor to the economic development of the world.
On the basis of application, the cancer segment accounted the largest share in 2019, owing to the rise cancer cases. Autologous cell therapy involves the process of restoring blood-forming stem cells especially in patients who have suffered from the negative effects of chemotherapy or radiation and lost their ability of blood formation. The chief source of stem cells is embryonic stem cells, owing to their high cell potency and indefinite lifespan. Such benefits are anticipated to drive the growth for the market in the malignant therapeutic areas.
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Over the forecast period, North America is expected to be the most profitable region. Due to the substantial amount of funding for clinical trials by the government and private sector, the United States will be the leading contributor and is expected to witness high growth. During the forecast period, the region is projected to display a CAGR of 18.2 percent.
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Key participants in autologous cell therapy product market include:
- Brainstorm Cell Therapeutics Inc.
- Bayer AG
- Daiichi Sankyo Co. Ltd.
- Holostem Terapie Avanzate
- FUJIFILM Holdings Corp.
- Teva Pharmaceutical Industries Ltd
- Osiris Therapeutics Inc.
- Sumitomo Chemical Co. Ltd.
- Takeda Pharmaceutical Co. Ltd
- Vericel Corp
Autologous Cell Therapy Product Market: Segmentation
For the purpose of this report, Reports and Data has segmented into the global Autologous Cell Therapy Product market on the basis of source, end-user, application, and region:
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 (Revenue, USD Billion; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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