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How Much Larger Is The Cell Therapy Technologies Market Expected To Become By 2029 Compared With Its 2025 Level?
The cell therapy technologies market has shown swift growth over recent years. Its valuation is set to rise from $4.92 billion in 2024 to $5.67 billion in 2025, achieving a compound annual growth rate (CAGR) of 15.4%. Historically, this expansion can be linked to powerful economic expansion in developing economies, increased spending on healthcare, greater government funding for cell-based research, and the escalating need for personalized medicine.
The cell therapy technologies market is projected to experience substantial expansion in the coming years. It is anticipated to reach “$9.87 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 14.9%. This growth during the forecast period is primarily driven by an increasing aging population, the rising prevalence of cancer, heightened research and development spending within the pharmaceutical sector, and advancements in cell therapies. Significant trends expected during this period include the development of innovative products, the utilization of advanced technologies, the evolution of groundbreaking cell therapies, investments in manufacturing facilities, and strategic partnerships and collaborations.
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What Are The Drivers Pushing New Developments In The Cell Therapy Technologies Market?
The global cell therapy technologies market experienced growth, spurred by increasing government investments in cell-based research. Governments are dedicating more resources to research activities focused on developing treatments for diseases such as cancer, cardiovascular disease (CVD), and others. For instance, in May 2022, The California Institute for Regenerative Medicine (CIRM), a research center that aids stem cell research, committed more than $11 million to support a clinical trial for a cell therapy designed to treat throat cancer. The successful implementation of this therapy would prevent patients from needing radiotherapy and enduring its side effects.
Which Key Segments Fueling The Cell Therapy Technologies Market?
The cell therapy technologiesmarket covered in this report is segmented –
1) By Product: Consumables, Equipment, Systems And Software
2) By Cell Type: T-Cells, Stem Cells, Other Cells
3) By Process: Cell Processing, Cell Preservation, Distribution And Handling, Process Monitoring And Quality Control
4) By End User: Life Science Companies, Research Institutes And Cell Banks
Subsegments:
1) By Consumables: Cell Culture Media; Bioreactors And Cell Culture Vessels; Cell Separation And Processing Kits; Cryopreservation Bags And Vials
2) By Equipment: Cell Counters; Centrifuges; Cell Sorting Equipment; Incubators
3) By Systems And Software: Closed-System Cell Processing Systems; Automated Cell Culture Systems; Point-Of-Care Cell Therapy Systems; Laboratory Information Management Systems (LIMS); Data Management Software For Cell Therapies; Process Optimization And Tracking Software
What Trends Are Expected To Drive The Cell Therapy Technologies Market?
Major companies within the cell therapy technologies market are driving growth by developing innovative products leveraging advanced technologies. For instance, in June 2022, Invetech, an Australia-based company specializing in the design, engineering, and manufacture of commercial-scale diagnostic products and cell and gene therapies, launched Korus. This new closed system for autologous cell therapies aims to transform industry standards in elutriation and cell washing. The technology employs a mild elutriation process, providing a cleaner cell population for various cell therapy production processes, including tumor-infiltrated lymphocytes (TIL), dendritic cells, chimeric antigen receptor (CAR)-T cells, or induced pluripotent stem cell (IPSC)-derived therapies. It features elutriation and cell wash using gentle counterflow centrifugation, supplying purified cell populations crucial for downstream processing development and commercial manufacture. This is expected to enhance overall process performance through increased recovery and purity of target cells. The Korus system also enables developers to accelerate the clinical development and scale-up of their products.
Which Major Firms Are Strengthening Their Position In The Cell Therapy Technologies Industry?
Major companies operating in the cell therapy technologies market include Lonza Group AG, Thermo Fisher Scientific Inc, Merck KGaA, Terumo Corporation, Danaher Corporation, Fresenius Medical Care AG & Co. KGaA, Fujifilm Holdings Corporation, Sartorius AG, Becton Dickinson and Company, Avantor Inc., Cellular Biomedicine Group, CORESTEM, Astellas Pharma Inc, Anterogen Co. Ltd, Arce Therapeutics, CARsgen Therapeutics, Huadong Medicine, Co.Don AG, AstraZeneca, Neogene Therapeutics, GammaDelta Therapeutics Limited, Nightstar, SOTIO, Accell Clinical Research, Genestack, Novartis AG, Pfizer, Celgene Corporation, Johnson & Johnson, F. Hoffmann-La Roche Ltd, Bayer AG, Gilead Sciences, Juno Therapeutics, Allogene Therapeutics, Bluebird Bio, Amgen, Regen BioPharma, Bellicum, Amgen Brazil, GlaxoSmithKline plc, Biogen Brazil, Takeda Pharmaceutical Company Limited, Pfizer S.R.L, Biotchpharma, BrainStorm Cell Therapeutics, Pluristem, Bayer East Africa Ltd, Adcock Ingram, Next BioSciences, CryoSave, BioHeart, Stem Cell Technologies.
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Which Global Regions Are Influencing The Competitive Landscape Of The Cell Therapy Technologies Market?
North America was the largest region in the cell therapy technologies market in 2024. Asia-Pacific is predicted to record the fastest growth over the forecast period. The regions covered in the cell therapy technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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