Coherent Market Insights released a new market study on 2021-2028Personalized Cell Therapy Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to create value in your business. The research study provides estimates for 2021-2028 Personalized Cell Therapy Market Forecast till 2028*.
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Manufacturers are focusing on strategies such as expansion of their manufacturing facilities to produce large volume of cell therapy candidates. This will aid manufacturers in penetrating the untapped markets in emerging economies and increase the number of personalized cell therapy manufacturing procedures, worldwide. For instance, in April 2019, Kite, a subsidiary of Gilead Company, announced that it will build a new production facility in Frederick County, Maryland, U.S. for the production of innovative personalized cell therapies useful for cancer treatment.
Browse 23 Market Data Tables and 19 Figures spread through 157 Pages and in-depth TOC on Personalized Cell Therapy Market, by Cell Type (Lymphocytes, Mesenchymal Stem Cell, Hematopoietic Stem Cell, and Others), by Therapeutic Area (Cardiovascular Diseases, Neurological Disorders, Inflammatory Diseases, Diabetes, and Cancer), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), Global Forecast to 2027
The rising regulatory approval of investigational personalized cell therapy candidates is expected to significantly drive growth of the personalized cell therapy market over the forecast period. For instance, in July 2019, Personalized Stem Cells Inc. received approval from the U.S. FDA for its investigational new drug application that involves usage of adipose-derived stem cells for the treatment of osteoarthritis. Personalized Stem Cells Inc. initiated the first clinical trial for this new therapy candidate in August 2019. The company used stem cells for the treatment of knee osteoarthritis in this clinical trial. The adoption of inorganic strategies such as partnerships and joint ventures by major players is increasing, which is expected to fuel growth of the personalized cell therapy market. For instance, in December 2016, Bayer AG and Versant Ventures launched its joint venture BlueRock Therapeutics, a next-generation regenerative medicine company, for the development of induced pluripotent stem cell (iPSC) therapies to cure various diseases. Moreover, an investment of US$ 225 million was made by Bayer and Versant to strengthen BlueRock Therapeutics manufacturing platform and product pipeline.
The major focus of startup biotech companies are on the development of personalized cell therapies, which is fueling growth of the global personalized cell therapy market. For instance, in October 2019, ElevateBio, a U.S.-based cell and gene therapy developer, initiated a new startup, HighPassBio, for developing novel T cell immunotherapies. In 2019, Phase 1 clinical trial was initiated on an engineered T cell receptor (TCR) T cell therapy for HA-1 expressing tumors targeting relapse of leukemia following hematopoietic stem cell transplant (HSCT).
Key Takeaways of the Global Personalized Cell Therapy Market:
The global personalized cell therapy market is expected to exhibit a CAGR of 23.5% during the forecast period (2019 2027). This is attributed to rising number of personalized cell therapy candidates in investigational phase.
The rising number of acquisitions by major players in the market who are involved in the development of personalized cell therapies is expected to fuel growth of the personalized cell therapy market. For instance, in July 2018, Novartis acquired CellforCure from LFB group, a company that specializes in innovative personalized cell therapy. Through this acquisition, Novartis acquired the cell and gene manufacturing facility of CellforCure for contract manufacturing of Novartis leading CAR-T cell therapy Kymriah (tisagenlecleucel) located in Les Ulis, France.
Personalized Cell Therapy Market Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Cytori Therapeutics Inc., Bellicum Pharmaceuticals, Inc., Saneron CCEL Therapeutics, Inc., MolMed S.p.A., Vericel Corporation, Novartis AG, Gilead Sciences, Inc., Celgene Corporation, Bluebird Bio, Inc. and Aurora Biopharma Inc.
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Current and future of global Personalized Cell Therapy Market outlook in the developed and emerging markets The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. Regions/countries that are expected to witness the fastest growth rates during the forecast period The latest developments, market shares, and strategies that are employed by the major market players
Major Point Answered in Personalized Cell Therapy Market Research Study are:
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Personalized Cell Therapy Market Size Worth US$ 53.8 Billion With a CAGR of 23.5% By 2028 Otterbein 360 - Otterbein 360
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