Cell therapy market size to grow by USD 21.061 billion from 2021 to 2026 | Market is driven by the increasing prevalence of chronic disease – Technavio

NEW YORK, Oct. 23, 2023 /PRNewswire/ — The cell therapy market size is forecasted to increase by USD 21.061 billion from 2021 to 2026, at a CAGR of 56.79%, according to the recent market study by Technavio. The market is driven by the increasing prevalence of chronic diseases. The prevalence of chronic diseases, such as heart diseases, diabetes, stroke, cancer, obesity, and arthritis, is on the rise globally. This can be attributed to the adoption of unhealthy lifestyle habits such as lack of exercise, poor nutrition intake, and substance abuse such as addiction to alcohol and tobacco. Most treatment options available for these conditions only focus on relieving symptoms without dealing with the cause of the condition. Regenerative medicines overcome the challenges of untreatable diseases by using new treatment methods such as processed cells for reconstructing tissues. These methods also reduce healthcare costs by eliminating the need for long-term hospitalization. Such benefits are increasing the adoption of cell therapies for the treatment of chronic diseases, which is driving the growth of the market. Charts & data tables about market and segment sizes and forecast period (2022-2026) have been covered in this report. Download the Sample Report

Vendor Analysis

The global cell therapy market is fragmented and highly competitive due to the presence of several tier-1, tier-2, and tier-3 companies. The competition in the market is expected to intensify during the forecast period, with advances in R&D, M&A, and technological innovations. International players are expected to grow by acquiring regional or local players. They are expanding their presence in the market, especially in fast-developing countries in APAC, such as India, China, Japan, Malaysia, and Vietnam. The increased disposable income of people in these countries will make APAC an attractive market to launch new products. In addition, the market is witnessing strong research and development in the field of cell therapy, which is expected to help some new vendors enter the market. Some of the key vendors covered in the report include:

Astellas Pharma Inc.Athersys Inc.Avita Medical Inc.BioCardia Inc.Bone Therapeutics SABrainstorm Cell Therapeutics Inc.Bristol-Myers Squibb Co.Caladrius Biosciences Inc.Capricor Therapeutics Inc.Castle Creek Biosciences Inc.CellPraxisCellSeed Inc.Cellular Biomedicine Group Inc.Celyad Oncology SAGilead Sciences Inc.Lineage Cell Therapeutics Inc.Mesoblast Ltd.Novartis AGPharmicell Co. Ltd.Sanpower Group Co. Ltd.ThermoGenesis Holdings Inc.Vericel Corp.

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Key Benefits for Industry Players & Stakeholders – 

The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Market Segmentation:

The market is segmented by type (autologous and allogenic), application (malignancies, musculoskeletal, cardiovascular, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)).

By type, the market growth in the autologous segment will be significant over the forecast period. The growth of the segment will be driven by factors such as increasing government funding for R&D, the rising prevalence of chronic diseases, and the increasing focus of vendors on developing effective cell therapy products. The growing focus of vendors on developing novel treatments for emerging applications such as cardiology and ophthalmology will further drive the growth of the segment.North America will account for 40% of the market growth during the forecast period. The growth of the regional market is driven by increased funding from governments and the growing number of regenerative medicine centers in the region. In addition, the increasing number of M&As among vendors will drive the growth of the cell therapy market in North America.

Market Dynamics:

Major Trends:

Increasing focus on cell therapy productsStrategic alliancesIncreasing focus on the development of drugs for emerging applications

There is a high unmet need for the treatment of oncology and musculoskeletal disorders. This has encouraged vendors to focus on developing cell therapies for emerging applications. For instance, Amgen is currently developing Blinatumomab, a Phase III candidate, for the treatment of B-cell Non-Hodgkin lymphoma. Also, Bristol-Myers Squibb reported positive results from its Phase II clinical trial of lenalidomide for the treatment of multiple myeloma. The drug is currently in its Phase III development stage. Similarly, many vendors are extensively conducting clinical trials on autologous cell therapy products for the treatment of musculoskeletal disorders. Such developments are expected to fuel the growth of the market during the forecast period.

Key Challenges:

High cost and failure rate in clinical trialsStrict regulatory approval for product launchEthical concerns in stem cell research

The estimated cost between the preclinical developmental stage of a cell therapy product to its approval can go up to USD 1.5 billion. Hence, most small vendors or start-ups seek government or private funding. Besides, most of the therapies fail clinical trials due to safety and efficacy issues. In addition, the development of a robust proof-of-concept preclinical model can be expensive, as it involves immunomodulation to match the human immune system. Moreover, the difficulty in finding a sufficient number of patients results in delays and indirectly increases clinical trial costs. All these challenges will hinder the growth of the market during the forecast period.

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What are the key data covered in this cell therapy market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the cell therapy market between 2022 and 2026Precise estimation of the size of the cell therapy market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the cell therapy market across North America, Europe, Asia, and Rest of World (ROW)A thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of cell therapy market vendors

Related Reports:

The cell and gene therapy market size is expected to increase by USD 9.97 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 20.15%. The market is segmented by type (cell therapy and gene therapy) and geography (North America, Europe, Asia, and Rest of World (ROW)).The autologous cell therapy market size is expected to increase by USD 4.11 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 14.16%. The market is segmented by product (autologous stem cell therapy and autologous cellular immunotherapies) and geography (North America, Europe, APAC, MEA, and South America).

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Table of contents:

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by TypeExhibit 06: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20213.4 Market outlook: Forecast for 2021-2026 Exhibit 14: Chart on Global – Market size and forecast 2021-2026 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summaryExhibit 18: Five forces analysis – Comparison between 2021 and 20264.2 Bargaining power of buyers Exhibit 19: Bargaining power of buyers – Impact of key factors in 2021 and 20264.3 Bargaining power of suppliers Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 20264.4 Threat of new entrants Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 20264.5 Threat of substitutes Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 20264.6 Threat of rivalryExhibit 23: Threat of rivalry – Impact of key factors in 2021 and 20264.7 Market conditionExhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segmentsExhibit 25: Chart on Type – Market share 2021-2026 (%)Exhibit 26: Data Table on Type – Market share 2021-2026 (%)5.2 Comparison by TypeExhibit 27: Chart on Comparison by TypeExhibit 28: Data Table on Comparison by Type5.3 Autologous – Market size and forecast 2021-2026 Exhibit 29: Chart on Autologous – Market size and forecast 2021-2026 (USD million)Exhibit 30: Data Table on Autologous – Market size and forecast 2021-2026 (USD million)Exhibit 31: Chart on Autologous – Year-over-year growth 2021-2026 (%)Exhibit 32: Data Table on Autologous – Year-over-year growth 2021-2026 (%)5.4 Allogenic – Market size and forecast 2021-2026 Exhibit 33: Chart on Allogenic – Market size and forecast 2021-2026 (USD million)Exhibit 34: Data Table on Allogenic – Market size and forecast 2021-2026 (USD million)Exhibit 35: Chart on Allogenic – Year-over-year growth 2021-2026 (%)Exhibit 36: Data Table on Allogenic – Year-over-year growth 2021-2026 (%)5.5 Market opportunity by Type Exhibit 37: Market opportunity by Type (USD million)

6 Market Segmentation by Application

6.1 Market segmentsExhibit 38: Chart on Application – Market share 2021-2026 (%)Exhibit 39: Data Table on Application – Market share 2021-2026 (%)6.2 Comparison by Application Exhibit 40: Chart on Comparison by ApplicationExhibit 41: Data Table on Comparison by Application6.3 Malignancies – Market size and forecast 2021-2026 Exhibit 42: Chart on Malignancies – Market size and forecast 2021-2026 (USD million)Exhibit 43: Data Table on Malignancies – Market size and forecast 2021-2026 (USD million)Exhibit 44: Chart on Malignancies – Year-over-year growth 2021-2026 (%)Exhibit 45: Data Table on Malignancies – Year-over-year growth 2021-2026 (%)6.4 Musculoskeletal – Market size and forecast 2021-2026 Exhibit 46: Chart on Musculoskeletal – Market size and forecast 2021-2026 (USD million)Exhibit 47: Data Table on Musculoskeletal – Market size and forecast 2021-2026 (USD million)Exhibit 48: Chart on Musculoskeletal – Year-over-year growth 2021-2026 (%)Exhibit 49: Data Table on Musculoskeletal – Year-over-year growth 2021-2026 (%)6.5 Cardiovascular – Market size and forecast 2021-2026 Exhibit 50: Chart on Cardiovascular – Market size and forecast 2021-2026 (USD million)Exhibit 51: Data Table on Cardiovascular – Market size and forecast 2021-2026 (USD million)Exhibit 52: Chart on Cardiovascular – Year-over-year growth 2021-2026 (%)Exhibit 53: Data Table on Cardiovascular – Year-over-year growth 2021-2026 (%)6.6 Others – Market size and forecast 2021-2026 Exhibit 54: Chart on Others – Market size and forecast 2021-2026 (USD million)Exhibit 55: Data Table on Others – Market size and forecast 2021-2026 (USD million)Exhibit 56: Chart on Others – Year-over-year growth 2021-2026 (%)Exhibit 57: Data Table on Others – Year-over-year growth 2021-2026 (%)6.7 Market opportunity by Application Exhibit 58: Market opportunity by Application (USD million)

7 Customer Landscape

7.1 Customer landscape overview Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation Exhibit 60: Chart on Market share by geography 2021-2026 (%)Exhibit 61: Data Table on Market share by geography 2021-2026 (%)8.2 Geographic comparison Exhibit 62: Chart on Geographic comparisonExhibit 63: Data Table on Geographic comparison8.3 North America – Market size and forecast 2021-2026 Exhibit 64: Chart on North America – Market size and forecast 2021-2026 (USD million)Exhibit 65: Data Table on North America – Market size and forecast 2021-2026 (USD million)Exhibit 66: Chart on North America – Year-over-year growth 2021-2026 (%)Exhibit 67: Data Table on North America – Year-over-year growth 2021-2026 (%)8.4 Europe – Market size and forecast 2021-2026 Exhibit 68: Chart on Europe – Market size and forecast 2021-2026 (USD million)Exhibit 69: Data Table on Europe – Market size and forecast 2021-2026 (USD million)Exhibit 70: Chart on Europe – Year-over-year growth 2021-2026 (%)Exhibit 71: Data Table on Europe – Year-over-year growth 2021-2026 (%)8.5 Asia – Market size and forecast 2021-2026 Exhibit 72: Chart on Asia – Market size and forecast 2021-2026 (USD million)Exhibit 73: Data Table on Asia – Market size and forecast 2021-2026 (USD million)Exhibit 74: Chart on Asia – Year-over-year growth 2021-2026 (%)Exhibit 75: Data Table on Asia – Year-over-year growth 2021-2026 (%)8.6 Rest of World (ROW) – Market size and forecast 2021-2026 Exhibit 76: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 (USD million)Exhibit 77: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 (USD million)Exhibit 78: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)Exhibit 79: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)8.7 US – Market size and forecast 2021-2026 Exhibit 80: Chart on US – Market size and forecast 2021-2026 (USD million)Exhibit 81: Data Table on US – Market size and forecast 2021-2026 (USD million)Exhibit 82: Chart on US – Year-over-year growth 2021-2026 (%)Exhibit 83: Data Table on US – Year-over-year growth 2021-2026 (%)8.8 Germany – Market size and forecast 2021-2026 Exhibit 84: Chart on Germany – Market size and forecast 2021-2026 (USD million)Exhibit 85: Data Table on Germany – Market size and forecast 2021-2026 (USD million)Exhibit 86: Chart on Germany – Year-over-year growth 2021-2026 (%)Exhibit 87: Data Table on Germany – Year-over-year growth 2021-2026 (%)8.9 UK – Market size and forecast 2021-2026 Exhibit 88: Chart on UK – Market size and forecast 2021-2026 (USD million)Exhibit 89: Data Table on UK – Market size and forecast 2021-2026 (USD million)Exhibit 90: Chart on UK – Year-over-year growth 2021-2026 (%)Exhibit 91: Data Table on UK – Year-over-year growth 2021-2026 (%)8.10 China – Market size and forecast 2021-2026 Exhibit 92: Chart on China – Market size and forecast 2021-2026 (USD million)Exhibit 93: Data Table on China – Market size and forecast 2021-2026 (USD million)Exhibit 94: Chart on China – Year-over-year growth 2021-2026 (%)Exhibit 95: Data Table on China – Year-over-year growth 2021-2026 (%)8.11 Japan – Market size and forecast 2021-2026 Exhibit 96: Chart on Japan – Market size and forecast 2021-2026 (USD million)Exhibit 97: Data Table on Japan – Market size and forecast 2021-2026 (USD million)Exhibit 98: Chart on Japan – Year-over-year growth 2021-2026 (%)Exhibit 99: Data Table on Japan – Year-over-year growth 2021-2026 (%)8.12 Market opportunity by geography Exhibit 100: Market opportunity by geography (USD million)

9 Drivers, Challenges, and Trends

9.1 Market drivers9.2 Market challenges9.3 Impact of drivers and challenges Exhibit 101: Impact of drivers and challenges in 2021 and 20269.4 Market trends

10 Vendor Landscape

10.1 Overview10.2 Vendor landscapeExhibit 102: Overview on Criticality of inputs and Factors of differentiation10.3 Landscape disruptionExhibit 103: Overview on factors of disruption10.4 Industry risksExhibit 104: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors coveredExhibit 105: Vendors covered11.2 Market positioning of vendors Exhibit 106: Matrix on vendor position and classification11.3 Astellas Pharma Inc.Exhibit 107: Astellas Pharma Inc. – OverviewExhibit 108: Astellas Pharma Inc. – Product / ServiceExhibit 109: Astellas Pharma Inc. – Key newsExhibit 110: Astellas Pharma Inc. – Key offerings11.4 BioCardia Inc.Exhibit 111: BioCardia Inc. – OverviewExhibit 112: BioCardia Inc. – Key offerings11.5 Bone Therapeutics SAExhibit 113: Bone Therapeutics SA – OverviewExhibit 114: Bone Therapeutics SA – Product / ServiceExhibit 115: Bone Therapeutics SA – Key offerings11.6 Bristol-Myers Squibb Co. Exhibit 116: Bristol-Myers Squibb Co. – OverviewExhibit 117: Bristol-Myers Squibb Co. – Product / ServiceExhibit 118: Bristol-Myers Squibb Co. – Key offerings11.7 Castle Creek Biosciences Inc. Exhibit 119: Castle Creek Biosciences Inc. – OverviewExhibit 120: Castle Creek Biosciences Inc. – Product / ServiceExhibit 121: Castle Creek Biosciences Inc. – Key offerings11.8 CellPraxisExhibit 122: CellPraxis – OverviewExhibit 123: CellPraxis – Product / ServiceExhibit 124: CellPraxis – Key offerings11.9 Gilead Sciences Inc.Exhibit 125: Gilead Sciences Inc. – OverviewExhibit 126: Gilead Sciences Inc. – Business segmentsExhibit 127: Gilead Sciences Inc. – Key newsExhibit 128: Gilead Sciences Inc. – Key offeringsExhibit 129: Gilead Sciences Inc. – Segment focus11.10 Novartis AGExhibit 130: Novartis AG – OverviewExhibit 131: Novartis AG – Business segmentsExhibit 132: Novartis AG – Key offeringsExhibit 133: Novartis AG – Segment focus11.11 Sanpower Group Co. Ltd. Exhibit 134: Sanpower Group Co. Ltd. – OverviewExhibit 135: Sanpower Group Co. Ltd. – Product / ServiceExhibit 136: Sanpower Group Co. Ltd. – Key offerings11.12 Vericel Corp.Exhibit 137: Vericel Corp. – OverviewExhibit 138: Vericel Corp. – Business segmentsExhibit 139: Vericel Corp. – Key newsExhibit 140: Vericel Corp. – Key offeringsExhibit 141: Vericel Corp. – Segment focus

12 Appendix

12.1 Scope of the report12.2 Inclusions and exclusions checklist Exhibit 142: Inclusions checklistExhibit 143: Exclusions checklist12.3 Currency conversion rates for USUSD Exhibit 144: Currency conversion rates for USUSD12.4 Research methodologyExhibit 145: Research methodologyExhibit 146: Validation techniques employed for market sizingExhibit 147: Information sources12.5 List of abbreviations Exhibit 148: List of abbreviations

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