The global market reports provided by The Business Research Company have been recently updated with the most current market sizing data for the year 2023 and projected until 2032.

The global cell therapy technologies market size expanded from $3.53 billion in 2022 to $4.24 billion in 2023, demonstrating a compound annual growth rate (CAGR) of 20.0%. The market size for cell therapy technologies is anticipated to ascend to $7.39 billion by 2027, with a CAGR of 14.9%.

In 2022, North America seized the largest market share in cell therapy technologies, while Asia-Pacific emerged as the fastest-growing region.

Driver of the Cell Therapy Technologies Market:
The Increase In Government Investments In Cell-Based Research significantly contributed to the global growth of cell therapy technologies. Governments are increasingly allocating resources to research endeavors focused on developing therapies for ailments such as cancer, cardiovascular disease (CVD), and others. For instance, in May 2022, The California Institute for Regenerative Medicine (CIRM), a research center supporting stem cell research, invested more than $11 million in funding a clinical trial for a cell therapy targeting throat cancer treatment. The success of this therapy holds the potential to spare patients from undergoing radiotherapy and its associated side effects.

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Prominent Trend in the Cell Therapy Technologies Market:
Strategic collaborations and partnerships among industry players are gaining prominence within the cell therapy technologies market. Leading companies are engaging in collaborations and partnerships to develop novel technologies in the field of cell therapy, addressing a range of diseases. For instance, in August 2020, USA-based IsoPlexis Corporation collaborated with Switzerland-based chemicals and biotechnology company Lonza to advance the next generation of precision cell therapy manufacturing. In another instance, in July 2020, Japan-based Hitachi, Ltd., which provides automated cell culture technologies to pharmaceutical companies in the cell therapy and regenerative medicine sector, joined forces with ThinkCyte, Inc., a Japan-based biotechnology firm, to focus on AI-driven cell analysis and sorting systems.

Prominent Players in the Cell Therapy Technologies Market:
Key players in the cell therapy technologies market include Thermo Fisher Scientific, Merck, MaxCyte, Lonza Group, Sartorius, Terumo BCT, Fresenius Medical Care AG & Co. KGaA, Avantor Inc., Miltenyi Biotec, STEMCELL Technologies Inc., Beckman Coulter, Danaher, Becton Dickinson and Company, and GE Healthcare.

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Key Cell Therapy Technologies Market Segments
1) By Product: Consumables, Equipment, Systems & 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

The Cell Therapy Technologies Global Market Report 2023 offers a comprehensive overview of the market size, trends, drivers, opportunities, strategies, and analysis of companies within the cell therapy technologies sector. The countries covered in the report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, with the major seven regions encompassing Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cell Therapy Global Market Report 2023
Gene Therapy Global Market Report 2023
Stem Cell/Cord Blood Banking Global Market Report 2023

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