Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.22 Billion | USD 12.26 Billion | 7.70% | 2021 |
The global autologous cell therapy market size was worth USD 8.22 Billion in 2021 and is estimated to grow to USD 12.26 Billion by 2028, with a compound annual growth rate (CAGR) of approximately 7.70% over the forecast period. The report analyzes the autologous cell therapy market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the autologous cell therapy market.
Autologous cell therapy is a therapeutic intervention using stem cells, where a patient's stem cells are cultured and grown outside the body. The cells were then reintroduced into the same patient's body. This therapy carries fewer risks because the reintroduced cells are less likely to be rejected because they come from the same person. Over the years, autologous cell therapy has been used to treat many chronic diseases such as various forms of cancer and even blood disorders such as thalassemia.
The increase in the number of people suffering from serious diseases has increased the demand for autologous cell therapy, driving the growth of the global autologous cell therapy market. Autologous cell therapy poses a moderate complexity risk compared to other treatments, a key growth driver of the autologous cell therapy market. However, the high treatment cost of autologous cell therapy is holding back the growth of the autologous cell therapy market. However, this constraint can be lifted if there is State intervention [AT1] in reimbursement by health insurance.
The outbreak of COVID-19 has disrupted medical workflows around the world. The outbreak of COVID-19 is expected to adversely affect the growth of the global autologous cell therapy market. As a result, the pharmaceutical and biotech industries are expected to experience a significant increase in the future, driven by the demand for COVID-19 vaccines and drugs. This is expected to impact the autologous cell therapy market significantly.
The increasing prevalence of chronic diseases aids the global market growth
Chronic diseases are common health problems around the world. Globally, one in three adults suffers from chronic diseases. Chronic diseases have affected the health and quality of life of many people. Chronic diseases, including cancer, musculoskeletal & neurological disorders, chronic trauma, and cardiovascular & gastrointestinal diseases, can lead to hospitalization, long-term disability, reduced quality of life, and death. Mesenchymal stem cells infiltrate and integrate into many organs, repair damage to the heart, lungs, and spinal cord, and improve the condition of autoimmune diseases, liver, bone, and cartilage diseases.
Stem cells are a powerful tool for treating diseases caused by inflammation, weakened immune system, and tissue degeneration. For example, in 2021, according to data from the World Health Organization (WHO), around 1.7 billion people worldwide have musculoskeletal disorders. Low back pain causes the burden of musculoskeletal conditions. All of these aspects are likely to drive the global autologous cell therapy market.
The high cost of therapy may hamper the global market growth
Autologous cell therapy is a new treatment option developed to treat several disorders. Sometimes the cost of treatment is a concern for many conditions. The field of stem cells is still highly specialized and has not been embraced by the public and insurance companies. The cost of stem cell-based research is not covered by health insurance. Therefore, the current high prices will indicate a downtrend. For example, in 2022, data from Bioinformant suggests that the cost of autologous stem cell therapy in the United States is approximately USD 150,000.
The strategic initiatives by companies bring up several growth opportunities
Demand for stem cell therapy has increased in the United States and Europe due to the rapid treatment of chronic diseases. These favorable factors are increasing the need for the drug, and to meet the market demand, the big and small players in the market are using various strategies. Big companies are also trying to develop specific processes, such as product launches, acquisitions, approvals, expansions, and partnerships, to keep the business running smoothly.
The global autologous cell therapy market is segregated based on source, application, end-user, and region.
By Source, the market is divided into bone marrow, epidermis, mesenchymal stem cells, hematopoietic stem cells, and chondrocytes. The bone marrow array is estimated to achieve the highest CAGR during the forecast period. Bone marrow transplant refers to a technique that replaces damaged and destroyed cells with new stem cells in the bone marrow. Bone marrow is often used for autologous cell therapy because it can benefit people with different types of cancer (malignant) and non-cancerous (benign) and will drive the market in the near future.
By application, the market is bifurcated into cancer, neurodegenerative diseases, wound healing, orthopedic, cardiovascular diseases, and autoimmune diseases. Over the forecast period, the cancer segment is also expected to grow at a remarkable rate during the forecast period. The increasing rate of neurological disorders, cancer, and autoimmune diseases are helping to drive the growth of this market throughout the forecast period.
The presence of market players and advancements help North America dominate the global market
It is estimated that North America will have the largest share in the global autologous cell therapy market in 2021. Due to many research and development centers and institutes in stem cell treatment, this region holds a significant market share worldwide. Global market. Of the top 8 universities in the world, five are based in the United States, including the Institute of Stem Cell Biology and Regenerative Medicine at Stanford University, the Harvard Stem Cell Institute at Harvard University, Yale Stem Cell Center and Stem Research Institute. Cell Biology and Regenerative Medicine at Yale University.
During the projected time, the cell therapy market in the Asia Pacific is expected to increase, resulting in substantial revenue generation. The growing investment by developers and consumers in education about modern medical therapies is expected to increase the revenue generated by emerging economies in the region. Several stem cell associations exist in Asian countries to ensure that research and development initiatives are coordinated and focused. In addition, patients from Western countries have been seen migrating to Asian countries for treatment, possibly due to these countries' more flexible legislative structures.
Report Attributes | Report Details |
---|---|
Report Name | Autologous Cell Therapy Market Report |
Market Size in 2021 | USD 8.22 Billion |
Market Forecast in 2028 | USD USD 12.26 Billion |
Growth Rate | CAGR of 7.70% |
Number of Pages | 225 |
Key Companies Covered | Bayer AG, Daiichi Sankyo Co. Ltd., Takeda Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Holostem Terapie Avanzate Srl, Vericel Corp., Osiris Therapeutics Inc., Brainstorm Cell Therapeutics Inc., Sumitomo Chemical Co. Ltd., and FUJIFILM Holdings Corp. |
Segments Covered | By Source, By Application , By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2021 |
Historical Year | 2018 to 2021 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the main competitors dominating the global autologous cell therapy market include -
By Source
By Application
By End-user
By Region
FrequentlyAsked Questions
Chronic diseases are common health problems around the world. Globally, one in three adults suffers from chronic diseases. Chronic diseases have affected the health and quality of life of many people. Chronic diseases, including cancer, musculoskeletal and neurological disorders, chronic trauma, and cardiovascular and gastrointestinal diseases, can lead to hospitalization, long-term disability, reduced quality of life, and death. Mesenchymal stem cells infiltrate and integrate into many organs, repair damage to the heart, lungs, and spinal cord, and improve the condition of autoimmune diseases, liver, bone, and cartilage diseases. Stem cells are a powerful tool for treating diseases caused by inflammation, weakened immune system, and tissue degeneration.
According to the report, the global autologous cell therapy market was worth about 8,218.50 (USD million) in 2021 and is predicted to grow to around 12,825.86 (USD Million) by 2028 with a compound annual growth rate (CAGR) of about 7.70 percent.
It is estimated that North America will have the largest market share in 2020. Due to many research and development centers and institutes in stem cell treatment, this region holds a significant market share worldwide. Global market. Of the top 8 universities in the world, five are based in the United States, including the Institute of Stem Cell Biology and Regenerative Medicine at Stanford University, the Harvard Stem Cell Institute at Harvard University, Yale Stem Cell Center and Stem Research Institute. Cell Biology and Regenerative Medicine at Yale University.
Some of the main competitors dominating the global autologous cell therapy market include Bayer AG, Daiichi Sankyo Co. Ltd., Takeda Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Holostem Terapie Avanzate Srl, Vericel Corp., Osiris Therapeutics Inc., Brainstorm Cell Therapeutics Inc., Sumitomo Chemical Co. Ltd., and FUJIFILM Holdings Corp.
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