The global cell therapy technologies market size is expected to reach USD 12.27 billion by 2030, according to a new study by Polaris Market Research. The report “Cell Therapy Technologies Market Share, Size, Trends, Industry Analysis Report, By Product; By Process; By Cell Type (T-Cells, Stem Cells, Other Cells); By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The development of cutting-edge cellular therapy technologies has been made possible by the emergence of new technologies. Companies are using new technologies to boost their product development plans by entering into out-licensing or co-development agreements with other parties in addition to expanding their product line.
Researchers are investing a lot of money in the creation of such efficient and secure treatments as an alternative to traditional treatment modalities, which is another factor contributing to the industry expansion. Oncology has the most active clinical trials out of all therapeutic specialties. For clinical research, T cells, CD34+ and/or CD133+ stem cells, and mesenchymal stem/stromal cells are primarily used.
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The COVID-19 pandemic has had an impact on the majority of biopharmaceutical organizations, but several cellular therapy technologies development firms have seen a severely unfavorable impact, which can be ascribed to challenges in logistics and the manufacturing processes used in this sector.
Additionally, a component that was negatively impacted in 2020, further impacting industry growth, is the requirement for successful commercial translation of cell-based therapy technologies. This factor requires large and stable funding.
Cell therapy Technologies Market Report Highlights
Polaris Market Research has segmented the cell therapy technologies market report based on product, process, cell type, end-use, and region:
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