According to FutureWise analysis the market for cell therapy in 2023 is US$ 17.75 billion, and is expected to reach US$ 72.34 billion by 2031 at a CAGR of 19.40%.
Cell therapy, also known as cell-based therapy or cellular therapy, is a type of medical treatment that involves the use of living cells to treat or cure diseases. The cells employed in cell therapy can be sourced from the patient's own body (autologous) or from a donor (allogeneic), and they are typically either primary cells or stem cells. Cell therapy aims to either replace damaged or diseased cells with healthy ones, stimulate the body's healing process, or modify the immune system to better target cancer or other diseases. Cell therapy has the potential to treat a wide range of diseases, such as cancer, autoimmune disorders, genetic disorders, cardiovascular disease, and neurological disorders, among others. It is particularly promising for conditions that do not respond well to traditional therapies, such as chemotherapy or radiation therapy, or for patients who are not suitable candidates for these treatments due to their age or other health issues.
One example of cell therapy is CAR-T cell therapy, which is used to treat certain types of cancer. In this treatment, T-cells (a type of immune cell) are taken from the patient's blood, genetically modified in a lab to target cancer cells, and then infused back into the patient's body to seek out and destroy cancer cells. Another example of cell therapy is mesenchymal stem cell therapy, which is being studied for its potential to treat conditions such as osteoarthritis, multiple sclerosis, and heart disease. In this treatment, stem cells are taken from the patient's adipose tissue or bone marrow and administered into the affected area to promote tissue regeneration and reduce inflammation.
FutureWise Market Research has published a report that provides an insightful analysis of Cell Therapy Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Cell Therapy Market will experience a significant growth.
According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.