Cell Therapy Market to Attain a USD 190.91 Billion Valuation in 2031, Rising Investments in Stem Cell Research Spearhead Market Expansion | SkyQuest…

WESTFORD, Mass., July 19, 2024 /PRNewswire/ -- According toSkyQuest, the global Cell Therapy Marketsize was valued at USD 3.9 Billion in 2022 and is poised to grow from USD 6.7 Billion in 2023 to USD 190.91 Billion by 2031, growing at a CAGR of 52% during the forecast period (2024-2031).

The use of different types of cells in unique ways to treat diseases and disorders is known as cell therapy. Advancements in cell research and the growing acceptance of cell therapies for the treatment of multiple chronic indications are forecasted to augment market growth in the future. Growing demand for regenerative medicine is also estimated to open new avenues of opportunities for cell therapy providers in the long run. The global cell therapy market is segmented into cell types, therapy types, therapeutic areas, end user, and regions.

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Cell Therapy Market Overview:

Report Coverage

Details

Market Revenue in 2023

$ 6.7 billion

Estimated Value by 2031

$ 190.91 billion

Growth Rate

Poised to grow at a CAGR of 52%

Forecast Period

20242031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Therapy Type, Technology, Therapeutic Area, End User, and Region

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

High investments in cell therapy research and development

Key Market Opportunities

Increasing incidence of musculoskeletal disorders and high use of cell therapies to treat the same

Key Market Drivers

Growing use of cell therapies to treat cancer indications

Segments covered in Cell Therapy Market are as follows:

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High Demand for Novel Cancer Treatments to Help Oncology Segment Maintain Prominence

Cases of cancer are increasing rapidly on a global level and subsequently the demand for novel treatments for the same as well. Investments in oncology research are also increasing and reaching new heights. Cell therapies have been showing great promise in treating multiple types of cancers. Cell therapy companies are continually focusing on getting new approvals for their offerings related to different cancer indications thereby helping this segment maintain a high market share.

On the other hand, the demand for cell therapies for the treatment of musculoskeletal disorders is estimated to surge at an impressive pace. Rising cases of musculoskeletal tissue degeneration and the growing demand for repair or replacement of damaged musculoskeletal tissues will also create a new business scope for cell therapy providers.

High Use of CAR-T Therapies Helps Autologous Therapies Account for Dominant Share

Autologous cell therapies are preferred for their lower risk of life-threatening complications as compared to other types of therapies. There are also no specific requirements to match the donor and receivers in an autologous cell therapy. A higher possibility of treatment success and reduced risk of transplant rejection are also key factors that help this segment hold a high market share. CAR-T therapies are being extensively used to treat a wide array of indications and they are classified under the autologous segment.

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Stem Cells are Estimated to be Used Extensively for Multiple Cell Therapy Types

Stem cells can be guided or manipulated to perform certain biological functions, which is why they are mostly used in cell therapies. Growing investments in stem cell research, the high availability of stem cells, and the proven efficacy of stem cells in the development of novel cell therapies are all factors that help this segment generate new opportunities for cell therapy providers.

High demand for advanced treatments and therapeutics around the world is forecasted to create opportunities for new as well-established cell therapy providers.

Related Report:

3D Bioprinting Market

Cell-Based Assays Market

3D Cell Culture Market

Stem Cell Manufacturing Market

Stem Cell Therapy Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

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Cell Therapy Market to Attain a USD 190.91 Billion Valuation in 2031, Rising Investments in Stem Cell Research Spearhead Market Expansion | SkyQuest...