The global cell therapy market was valued at $4.79 billion in 2023 and is expected to reach $44.39 billion by 2034, growing at a compound annual growth rate (CAGR) of 22.69% from 2024 to 2034. This growth is driven primarily by the increasing focus on developing therapeutics for rare diseases.
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Cell therapy involves the delivery of modified cells outside of the body to treat or prevent diseases. The development of these therapies is at an early stage but holds significant promise for future therapeutic applications. Recent advancements in cell therapy research at government and university institutions worldwide have enhanced our understanding and application of cell-based treatments.
The integration of artificial intelligence (AI) in cell therapy can:
Recent Example:
In January 2023, CellVoyant, an AI-based biotechnology company, raised £7.6 million in early investment to accelerate the development of innovative cell therapies. The funding round was led by Octopus Ventures, with participation from Horizon Ventures, Verve Ventures, and Air Street Capital.
Stem cell therapy is used in various medical fields, including:
Despite its potential, the high cost of cell therapies presents a significant barrier. Treatments often exceed $400,000 per patient and can even surpass $1 million, raising concerns about affordability and accessibility for patients and healthcare systems worldwide.
CAR T-cell therapy is emerging as a promising treatment for blood cancers like leukemia and lymphoma. These therapies activate the immune system to target specific cancer antigens, minimizing damage to healthy tissues and offering long-term protection against cancer recurrence.
Recent Development:
In June 2024, Cytiva introduced the Sefia next-generation manufacturing platform to streamline the production of CAR T-cell therapies, enhancing efficiency and reducing costs for pharmaceutical companies.
Autologous therapy, which uses a patient’s own cells, dominated the market in 2023 due to its lower risk of immunological rejection and customization potential. It has been effective in treating burns, wounds, and inflammatory conditions.
Recent Example:
In April 2024, Aspen Neuroscience, Inc. reported the first patient dosage in a clinical trial using autologous therapy to replace dopaminergic neurons in Parkinson’s disease patients.
North America, particularly the U.S., leads the global cell therapy market due to its advanced healthcare infrastructure and focus on cancer research. The U.S. government’s strategic investments in science and research further contribute to this market’s growth.
Read Also: https://www.healthcarewebwire.com/microrna-market-size/
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