Latest Cell Therapy Technologies Market Growth Study 2022-2026 By The Business Research Company
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The cell therapy technologies market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 17%, as per The Business Research Company’s market report!
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The Cell Therapy Technologies Market Size In 2022 And Forecast
The global cell therapy technologies market is expected to grow from $2.96 billion in 2021 to $3.52 billion in 2022 at a compound annual growth rate (CAGR) of 25.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The cell therapy technologies market is expected to reach $6.35 billion in 2026 at a CAGR of 17.1%.
The cell therapy technologies market consists of sales of cell therapy technologies that are medicinal solutions used for developing and improving cell therapy, such as cell processing, cell banking, and point-of-care technologies.
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Rise In Government Investments In Cell-Based Research Is Driving The Growth Of The Cell Therapy Technologies Market
For instance, in November 2019, the Australian government released $150 million, over ten years, for The Stem Cell Therapies Mission. The funding was obtained by Medical Research Future Fund (MRFF) to support Australian researchers in delivering new therapies. Moreover, in August 2019, Newcastle University spin-out Atelerix, pioneers in the storage and transport of cells at room temperature, were awarded a grant of £267,000 ($292,087) from Innovate UK with collaborators Rexgenero and the cell and gene therapy catapult. Thus, the upsurge in government investments in cell-based research boosted the demand for the cell therapy technologies market in the historic period.
Competitive Landscape And The Regional Analysis Of The Cell Therapy Technologies Market
Major players in the cell therapy technologies market are 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.
Additionally, as per TBRC’s research – North America was the largest region in the cell therapy technologies market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Cell Therapy Technologies Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cell therapy technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cell therapy technologies market.
Strategic Collaborations And Partnerships – A Key Trend In The Cell Therapy Technologies Market
Major companies are collaborating and partnering with other companies to develop new technologies in cell therapy areas for the treatment of a variety of diseases.
Cell Therapy Technologies Market Segmentation By The Business Research Company
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
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