New Visiongain Report: Cell Therapy Technologies Market Forecast 2020-2030
"Global Cell Therapy Technologies market set to grow to $23bn by 2024"
Cell therapy technology is one of the fastest growing markets and is an ever-changing landscape. It represents the umbrella of recent advancement in the field of gene therapy, drug delivery, cancer vaccines, various application of stem cells, regenerative medicine, and tissue engineering. Higher government investments for cell-based research, availability of advanced cell therapy technologies and growing demand of cell therapies are expected to further propel the market growth.
The lead analyst of the report commented "Cell therapy technologies are used across various research areas including gene therapy, cancer vaccines, regenerative medicine, biologics and others. Increasing global disease burdens and the need for more personalised & precision medicine has led to massive growth in the cell technology market, which is likely to increase over the next decade. While the global market will experience significant growth, the Asia Pacific region is expected to be the fastest growing submarket, primarily due to the presence of large numbers of Clinical Research Organisations (CROs) in the region. The main restraints of growth in this market are the complex regulations and ethical issues governing cell therapy research, which have limited the number of clinical trials approved. However, this is being countered by innovative technologies from manufacturers, which are increasingly solving the challenges of scalability and safety associated with cell therapies."
Leading companies featured in the report include Thermo Fisher Scientific, Inc., Merck KGaA, Terumo Bct, Inc., Lonza Group, GE Healthcare and other companies.
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