Research Nester released a report titled “Cell Therapy Technologies Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global cell therapy technologies market in terms of market segmentation by product type, by cell type, by process stages and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The cell therapy technologies market is anticipated to observe a significant growth by growing at a CAGR of about 15% during the forecast period, i.e., 2019-2027. This can be attributed to the growing prevalence of numerous disorders such as leukemia, diabetes, neurological and heart disorders among various others. Cell therapy involves introduction of therapeutic cells inside the body, which then reach the site of action and repair the damaged tissues. This is a relatively new field of therapy and hence provides ample business opportunities in the cell therapy technologies market.
The technology used in development of cell therapy is growing at a rapid rate on account of increasing number of research and development activities being conducted at various research institutions. Moreover, increasing technological advancements are among the leading factors behind growth of this market.
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The market in North America is estimated to hold the largest market share in the cell therapy technologies market owing to the growing number of diseases among the population along with increasing development of research institutes in order to cure these disorders. The second largest share is anticipated to be attained by the market in Asia-Pacific region. This growth can be attributed to increased funding by government and private organizations for cell-based research studies as well as related clinical trials.
The cell therapy technologies market is segmented by product type into equipment, software, consumables and others; by cell type into human cells and animal cells and by process stages into cell processing, handling, distribution and others; and by region.
Cell therapy involves the use of various cell types including human cells and animal cells. The growing demand for human therapeutic cells for the purpose of cell therapy is increasing the demand for newer technologies involving production and delivery methods for these human cells. As a result, the human cell segment of this market is anticipated to significantly lead to expansion of this market.
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However, the high expenditure incurred during the production of therapeutic cells for cell therapy as well as the low success rate of the procedures turn out to be the major restraints for the market growth.
This report also provides the existing competitive scenario of some of the key players of the global cell therapy technologies market which includes company profiling of Beckman Coulter, Becton, Dickinson and Company, GE Healthcare, Merck KGaA, Lonza, Terumo BCT, Thermo Fisher Scientific, Novartis AG, Sartorius AG, Miltenyi Biotec. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cell therapy technologies market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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