Cell Therapy Market
According to the reports by MRFR on the cell therapy market, the market is projected to acquire a size of USD 20,217.00 million while growing at a 22.36% CAGR by 2023.
Cell therapy, also called cryotherapy, refers to a process that includes grafting, implanting, or injecting of feasible cells into a patient to set up a medical response in the body. The market is gaining traction worldwide, given the numerous beneficial features the therapy offers.
The global cell therapy market has been witnessing massive growth over recent years, attributing mainly to the factors like high demand for organic seeds and an increase in seed production capacity by private companies. Additionally, the continuous technological advancements in the healthcare sector are another major aspect contributing to the cell therapy market’s growth in the expected timeframe. Furthermore, the growth in export activities globally to generate growth scopes is likely to offer lucrative growth opportunities to the market players over the forecast timeframe. However, the growth of the cell therapy market is anticipated to be restricted by adverse climate conditions.
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The global cell market is divided into numerous segments based on technology, type, application, product, cell source, end-user, technique, and region.
Based on type, the cell therapy market is divided into allogeneic and autologous.
The cell therapy market is split into equipment, software, consumables, and other services by product.
Based on technique, the market is divided into chondrocyte cell therapy, adoptive cell transfer (act), fibroblast cell therapy, stem cell therapy, and cell vaccine.
Based on technology, the cell therapy market is divided into genome editing technology, viral vector technology, and cell immortalization technology.
The cell therapy market is split into umbilical cord blood-derived cells, bone marrow, and adipose tissue by cell source.
The cell therapy market is divided into orthopedic, wound healing, oncology, and cardiovascular disease (CVD) based on application.
The cell therapy market is divided into end-user research institutes, hospitals & clinics, and regenerative medicine centers.
The global cell therapy market is divided into numerous regions, including Asia-Pacific, North America, Europe, South America, and the Middle East & Africa.
The Asia-Pacific region is anticipated to grow rapidly over the forecast timeframe owing majorly to growth in the healthcare business because of the increase in the number of start-ups. Additionally, the rise in demand for innovative medications for elevated people experiencing degenerative ailments will accelerate the regional market’s growth.
The North American region is projected to acquire nearly 37.6% of the net market share globally by the end of 2023. The North American market for epoxy resin is anticipated to register a CAGR of 21.45% during the review timeframe. The regional market’s growth is being driven by the presence of several healthcare services and solution providers.
The European cell therapy market is expected to reach a market size of USD 6,357.79 million by 2023. The regional market’s growth is being by factors like a hike in health budget per annum on the treatment of chronic disorders and soaring annual income across countries.
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The list of major leaders in the cell therapy market includes companies such as Western Bio Vegetable Seeds Ltd (India), Kitazawa Seed Company (US), Sakata Seed Corporation (Japan), Alabama Farmers Cooperative, Inc (US), UPL Limited (India), Terra Agro Biotech Pvt. Ltd (India), Maharashtra Hybrid Seeds Company Private Limited (India), W. Atlee Burpee & Co (US), Syngenta AG (Switzerland), Mahindra Agri Solutions Pvt. Ltd (India), and others.
Browse Related Report at:
Stem Cell Therapy Market Research Report – Forecast to 2027
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