The global personalized cell therapies market size was valued at USD 12,252.24 million in 2021 and is poised to grow at a significant CAGR of 23.6% during the forecast period 2022-28. Personalized cell therapy is a type of treatment that involves infusing living cells into a patient's body to treat ailments like cancer and autoimmune diseases. Bone marrow transplantation, Platelet transfusions, packed red cell transfusions, whole blood transfusions, and organ transplantation are just a few of the uses. It is used to treat Parkinson's disease as well as amyotrophic lateral sclerosis (neurological illnesses), spinal cord injuries, diabetes, and cancer, among other chronic conditions.
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The global personalized cell therapies market segmentation:
1) By Cell Type: Hematopoietic Stem Cell, Skeletal Muscle Stem Cell, Mesenchymal Stem Cells, Lymphocytes, Others
2) By Application: Cardiovascular Disorders, Diabetes, Neurological Disorders, Cancer, Others
One of the primary factors projected to support the growth of the worldwide personalised cell treatment market throughout the forecast period is the rising number of cases of chronic diseases also including diabetics, neurological disorders, and diabetes. Over the forecast period, manufacturers are expected to continue to innovate to develop agents that are specifically aimed to patient groups that do not respond to medications or traditional treatment, creating new opportunities for existing players and new entrants in the global personalized cell therapy market. As most pharmaceutical, biotechnology, and research organizations have been concentrating on the development of cell therapy-based treatment against COVID-19, the impact of COVID-19 is likely to have a beneficial impact on the studied market.
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North American market dominates the global personalised cell therapy industry in terms of revenue contribution. This can be ascribed to the region's well-developed healthcare infrastructure and significant adoption of advanced disease treatment procedures. Europe contributes the second-largest revenue share to the global personalised cell treatment market, followed by Asia Pacific, Latin America, and the Middle East and Africa, in that order. Because of the region's increasing healthcare infrastructure and growing knowledge of the benefits that come with personalised cell therapies, the market in Asia Pacific is expected to rise at a quicker rate in terms of revenue over the next ten years.
The personalized cell therapies market Key players are PCT Cell Therapy Services, LLC (U.S) S. Stem Cell, Inc. (U.S) Bellicum Pharmaceuticals, Inc. (U.S) Saneron CCEL Therapeutics, Inc. (U.S) StemGenex (U.S) Vericel Corporation.(U.S) Cytori Therapeutics Inc.(U.S.) MolMed S.p.A. (Italy)
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