Personalized Cell Therapies Market Size and Growth Rate:
“The Global Personalized Cell Therapies Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR of 22.3% over next seven years 2019-2025 due to rise in prevalence of chronic disorders”
Personalized Cell Therapies Market Growth Drivers and Restraints:
The global personalized cell therapies market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Rise in prevalence of chronic disorders, increasing application of cell therapies together with extensive acceptance among surgeons and patients, adoptions of advanced technologies, increase in development of personalized cell therapy products and focus on investments in R & D activities are some key factors fueling the market growth. However, factors such as limited awareness in low income countries and strict government regulations are hindering the market growth.
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Hematopoietic Stem Cell dominate the Global Personalized Cell Therapies Market
Based on cell type, global personalized cell therapies market is segmented into hematopoietic stem cell, skeletal muscle stem cell, mesenchymal stem cells, lymphocytes and others. Hematopoietic Stem Cell held considerable market growth during estimated period. Hematopoietic stem cells (HSCs) are cells existing in blood and bone marrow. HPCs are capable of developing mature blood cells, such as red blood cells, platelets and white blood cells. HPCs are used in the treatment of many malignant and non-malignant diseases to replace or rebuild a patient's hematopoietic system. This type of treatment is called a bone marrow or stem cell transplant.
Asia Pacific Leads the Global Personalized Cell Therapies market
PBI’s global personalized cell therapies market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global personalized cell therapies market with considerable CAGR. The growth in this region is due to rising awareness about novel cellular therapies and increase in healthcare expenditure. China and India are the major contributors for the growth of the market in the region. North America held substantial market share during estimated period owing to increase in R&D investments, public & private funds for cellular therapies and increasing healthcare infrastructure.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global personalized cell therapies market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report 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.) and MolMed S.p.A. (Italy).
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Detailed Segmentation of Personalized Cell Therapies Market:
By Cell Type
o Hematopoietic Stem Cell
o Skeletal Muscle Stem Cell
o Mesenchymal Stem Cells
o Cardiovascular Disorders
o Neurological Disorders
o North America
o Latin America
o Middle East and Africa (MEA)
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