Cell Therapy Market, By Type (Autologous and Allogeneic), By Therapy (Mesenchymal Stem Cell Therapy, Fibroblast Cell Therapy, Hematopoietic Stem Cell Therapy, and Other Therapies), By Application (Musculoskeletal, Malignancies, Cardiovascular, Dermatology and Wounds, and Other Applications), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Cellular therapy is the transplantation of human cells to replace or repair damaged tissue and/or cells. With new technologies and innovative products, many different types of cells can be used as part of a therapy/treatment for a variety of diseases and conditions. Moreover, cell-based therapies hold great potential for replacing, repairing, restoring, and/or regenerating damaged tissues, cells, and/or organs. Thus, there is an increase in demand for cell-based therapies.
Market Dynamics:
Increase in incidence/prevalence of chronic diseases, growing adoption of regenerative medicine, rise in focus on the development of cell therapies, increasing number of clinical trials, and outbreak of COVID-19 across the globe is expected to drive growth of the global cell therapy market.
For instance, in May 2022, The European Commission (EC) approved Janssen’s CAR-T therapy, Carvykti, for adults with heavily pre-treated, relapsed and refractory multiple myeloma, marking the treatment’s first approval outside of the U.S. Moreover, in May 2022, The U.S. Food and Drug Administration (FDA) approved Novartis’s Kymriah (CAR) T-cell therapy) for the treatment of cancer. It remains the only CAR-T cell therapy approved for both adult and pediatric patients.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook