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16-Dec-2024

Autologous Cell Therapy Market Outlook 2027: Projected Growth Significant Expansion at a CAGR of 18.1%

The Global Autologous Cell Therapy Market has seen significant growth and is expected to continue expanding with a projected CAGR of 18.1% from 2019 to 2027, reaching a market value of approximately US$ 7.5 billion in 2018. This growth is driven by several factors, including the increasing prevalence of autoimmune diseases, cancer, and neurodegenerative disorders, as well as advancements in stem cell therapies.

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Key Market Drivers:

  1. Rising Prevalence of Diseases:
    • Autoimmune Disorders: With approximately 50 million people in the U.S. suffering from autoimmune diseases, this number is expected to rise, increasing the demand for autologous cell therapy.
    • Cancer: The American Cancer Society reported over 1.7 million new cancer cases in 2019, highlighting the growing need for advanced therapies like autologous cell therapy.
    • Neurodegenerative Diseases: Over 10 million people worldwide are living with Parkinson's disease, further driving the demand for autologous therapies.
  2. Product Innovation and R&D:
    • Companies are focusing on expanding their product pipelines. For example, TESSA Therapeutics is advancing its innovative product, TT12, which is in Phase 1 trials for treating HPV-Associated Cancers.
    • Research Funding: The National Institute of Health (NIH) spent approximately US$ 2 billion on stem cell research in 2019, showcasing strong government support for autologous cell therapy advancements.

Market Challenges:

  1. Regulatory and Ethical Barriers:
    • Reproductive cloning bans in several countries (e.g., the U.S., European nations like Germany and Italy, and parts of Asia) pose limitations on certain types of stem cell research, hindering growth in some regions.
  2. Reimbursement and Treatment Costs:
    • Lack of reimbursement policies in emerging economies and the high cost of treatment are significant challenges to widespread adoption of autologous cell therapies.

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Competitive Landscape:

The market is highly fragmented, with numerous international and regional players, including:

  • Pharmicell Co., Inc.
  • Castle Creek Biosciences, Inc.
  • Vericel Corporation
  • BrainStorm Cell Therapeutics
  • Caladrius Biosciences, Inc.

Key Developments:

  • American Gene Technologies (AGT) submitted an IND application for AGT103-T, a potential treatment for HIV in 2019.
  • KOLIGO THERAPEUTICS, INC. launched KYSLECEL, an autologous cell therapy for the treatment of chronic or acute recurrent pancreatitis in 2018.

Market Segmentation:

  1. By Source:
    • Bone Marrow (Blood)
    • Epidermis
    • Others
  2. By Application:
    • Neurology
    • Orthopedic
    • Cancer
    • Wound Healing (including Skin)
    • Cardiovascular Disorders
    • Autoimmune Disorders
    • Others
  3. By End-User:
    • Hospitals
    • Ambulatory Centers
    • Research Centers
  4. By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Outlook:

The Autologous Cell Therapy Market is poised for robust growth, supported by increasing disease prevalence, product innovation, and rising government support. However, challenges such as ethical concerns and the high cost of treatment need to be addressed to enable broader adoption. Leading companies are focusing on expanding their product offerings and securing regulatory approvals to maintain competitiveness in this rapidly evolving market.

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Last Updated: 17-Dec-2024