Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.451 Billion | USD 32.61 Billion | 16.21% | 2022 |
The global acellular therapy market size was worth around USD 8.451 Billion in 2022 and is predicted to grow to around USD 32.61 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 16.21% between 2023 and 2030.
The report analyzes the global acellular therapy market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the acellular therapy industry.
Acellular therapy is an upcoming and breakthrough process in the healthcare sector that makes use of extracellular matrix (ECM) or cellular products that are derived from the cell as opposed to using the entire tissue structure or whole cells. It is a type of medical treatment conducted without the help of a cell as a whole. These therapies include cytokines, growth factors, and other types of bioactive molecules that are derived from the cells and injected into a patient which helps in healing or tissue regeneration. Some examples of acellular therapies include platelet-rich plasma or PRP. In this process, concentrated platelets are harvested from patients' blood and are used to stimulate the healing process.
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Growing number of patients with chronic conditions to propel market demand
The global acellular therapy market is projected to grow owing to the increasing prevalence of patients suffering from chronic conditions like cardiovascular diseases, diabetes, and cancer. These conditions are currently the leading cause of death. They also impact the overall economic growth of the country. Most of these diseases do not have any cure even with advanced technology and research activities. The healthcare sector can only provide ways of managing the symptoms but cannot help patients get completely rid of the condition. For instance, as per the World Health Organization, there are more than 422 million people who currently live with diabetes across the world and the agency attributes nearly 1.5 million deaths to this medical concern. Due to diabetes, the beta cells in the body of the patient get damaged and hence the person is always susceptible to the disease.
Regulatory framework limitations to restrict the market growth
Since the medical treatment process is relatively new, most countries lack the necessary regulatory framework required for a complete understanding and adoption of the treatment procedures. Furthermore, there is a significant gap in the availability of supportive infrastructure that can promote the use of acellular therapies. This makes it difficult for the existing global industry players to introduce new products in the market since they are bound to incur roadblocks leading to delays in product development further impacting the final cost of the product. In addition to this, the medical reimbursement policies surrounding acellular therapy are not patient-friendly leading to limited patient databases.
Growing technological advancements to provide excellent growth opportunities
The acellular therapy industry is expected to benefit from the rising investments encouraging technological advancements in the field of acellular therapy. The increasing interest can be seen in the addition of new players and government support, technologies like 3-dimensional (3D) bioprinting are expected to help change the sales dynamics for the global market. These new systems are expected to help improve the overall effectiveness of the therapies while ensuring patient safety. Realizing the potential of acellular therapy has allowed many business players to undertake strategic partnerships and collaboration resulting in increased adoption.
Complex technicalities to challenge market propulsion
Acellular therapies are built on complex procedures and require strict quality measures to ensure the safety and efficacy of the programs. Additionally, there is a lack of knowledge-based among medical professionals regarding the understanding of advanced therapies. This poses a major challenge for the global market since the entire adoption process is based on how informed the medical staff that is working on using acellular therapy as a treatment process is. There cannot be any compromise on the quality measures that determine the safety index of the therapies.
The global acellular therapy market is segmented based on disease, application, scaffold, and region
Based on disease, the global market is divided into Parkinson, Alzheimer’s, chronic wounds, sclerosis, and cancer.
Based on application, the acellular therapy industry segments are hepatology, cardiology, neurology, oncology, and gastroenterology.
Based on scaffold. The global market is segmented into fused deposition modeling (FDM), cell laden hydrogel, extracellular matrix (ECM), and selective laser sintering (SLS)
Report Attributes | Report Details |
---|---|
Report Name | Acellular Therapy Market Market Research Report |
Market Size in 2022 | USD 8.451 Billion |
Market Forecast in 2030 | USD 32.61 Billion |
Compound Annual Growth Rate | CAGR of 16.21% |
Number of Pages | 215 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Codiak BioSciences Ltd., Evox Therapeutics Ltd., Stem Cell Medicine Ltd., Capricor Therapeutics, Exogenous Therapeutics, Organicell Regenerative Medicine Inc., Aegle Therapeutics Corp, ArunA Biomedical, Rion LLC., Invitrx Therapeutics Inc., Direct Biologics LLC., and Stem Cell Medicine Ltd. |
Segments Covered | By Disease, By Application, By Scaffold, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to continue its dominance over the market
The global acellular therapy market is anticipated to register the highest growth in North America. The high CAGR is driven by the extensive knowledge of the treatment methodology along with supporting infrastructure. The US is home to one of the most technically advanced medical communities which is far ahead in terms of research and medicine availability as compared to other parts of the world. Furthermore, the growing interest of the healthcare sector in exploring more areas around the applications of acellular therapy has opened the door for millions in investment to encourage researchers.
The regional growth is dependent on the high number of chronic illnesses reported in the country and patient awareness about the different treatment options available. Favorable medical reimbursements allow more people to opt for high-cost treatment which is generally not observed in struggling economies.
The global acellular therapy market is led by players like:
The global acellular therapy market is segmented as follows:
By Disease
By Application
By Scaffold
By Region
FrequentlyAsked Questions
Acellular therapy is an upcoming and breakthrough process in the healthcare sector that makes use of extracellular matrix (ECM) or cellular products that are derived from the cell as opposed to using the entire tissue structure or whole cells.
The global acellular therapy market is projected to grow owing to the increasing prevalence of patients suffering from chronic conditions like cardiovascular diseases, diabetes, and cancer. These conditions are currently the leading cause of death.
According to study, the global acellular therapy market size was worth around USD 8.451 billion in 2022 and is predicted to grow to around USD 32.61 billion by 2030.
The CAGR value of the acellular therapy market is expected to be around 16.21% during 2022-2030.
The global acellular therapy market is anticipated to register the highest growth in North America. The high CAGR is driven by the extensive knowledge of the treatment methodology along with supporting infrastructure.
The global acellular therapy market is led by players like Codiak BioSciences Ltd., Evox Therapeutics Ltd., Stem Cell Medicine Ltd., Capricor Therapeutics, Exogenous Therapeutics, Organicell Regenerative Medicine Inc., Aegle Therapeutics Corp, ArunA Biomedical, Rion LLC., Invitrx Therapeutics Inc., Direct Biologics LLC., and Stem Cell Medicine Ltd.
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