The globalcell therapy marketis expected to reach USD 9.24 Billion in 2028 and register a steady revenue CAGR of 5.6% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth includeincreasing GMP (Good Manufacturing Practice) certification approvals for cell therapy manufacturing, rising awareness about stem cell therapies, and increasing funds by public and private sectors.
Cellular therapy is a transplantation process carried out by grafting or injecting viable cells into the donors body to replace or repair damaged tissues and cells that cannot be replenished by healthy cells. This therapy is widely used in treating various health conditions such as spinal cord injuries, schizophrenia, Alzheimers, stroke, urinary problems, head injuries, stroke, and infectious diseases, among others. Factors such as rapid increase in the number of clinical trials, improving healthcare facilities, rising disposable income, and healthcare expenditure, and high adoption of human cells for cell therapy research are boosting market revenue growth. In addition, increasing focus on commercializing stem cell treatments and increasing investments to develop enhanced and effective therapies are expected to boost market growth going ahead.
However, factors such as rising ethical concerns about stem cell research, unavailability of well-trained healthcare professionals to handle complex instruments in research laboratories, and budget constraints for certain cell-based research projects are factors that could hamper global market growth to some extent going ahead.
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Some key highlights of the report:
Top Companies Profiled in the Report:
Kolon TissueGene, Inc., Anterogen Co., Ltd., Inc., JCR Pharmaceuticals Co., Ltd., Castle Creek Biosciences, Inc., Mesoblast Ltd., Medipost Co. Ltd., Stemedica Cell Technologies, Inc., Osiris Therapeutics, Inc., PHARMICELL Co., Ltd., Holostem Terapie Avanzate S.r.l., Tameika Cell Technologies, Inc., Cells for Cells, NuVasive, Inc., Vericel Corporation, Celgene Corporation, Thermo Fisher Scientific Inc., Merck KGaA, and Danaher Corporation are key players profiled in the global market report.
Competitive Outlook of theGlobal Cell Therapy Market
The globla Cell Therapy market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Cell Therapy market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers & acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
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Therapy Type Outlook (Revenue, USD Billion; 2018-2028)
Therapeutic Area Outlook (Revenue, USD Billion; 2018-2028)
Cell Type Outlook (Revenue, USD Billion; 2018-2028)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Global Cell Therapy Market Report: Table of Contents
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Regional Outlook of the Global Cell Therapy Market
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Cell Therapy Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2028 Reports and Data - Digital Journal
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