Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.22 Billion | USD 12.26 Billion | 7.70% | 2021 |
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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