Global Autologous Cell Therapy Market Size

Autologous Cell Therapy Market Analysis

The Autologous Cell Therapy market studied was anticipated to grow with a CAGR of 15.9%, during the forecast period.

The growth of the market is attributed to the rising number of clinical trials and the growing adoption of cell therapies globally. In the context of COVID-19, government organizations in various countries, research institutes, and many biotech and pharmaceutical firms are focusing on effective and rapid technologies for the fast diagnosis of COVID-19. Additionally, the increasing clinical trials for using the treatment of COVID-19 using autologous cell therapies are expected to contribute to the growth of the market. For instance, as per the clinical trails.gov in 2022, A clinical study was started from January 2020 to March 2021 to study the population of all Swedish Citizens treated with autologous hematopoietic stem cell transplantation for COVID-19 positive patients. The positive results from such studies can lead to the development of new therapies for COVID-19 and thus can propel the growth of the market.

The major factors attributing to the growth of the autologous cell therapy market are the rising incidence of chronic diseases such as autoimmune diseases, cancer, a blood disorder, and others. A rise in the population suffering from chronic diseases is also propelling the demand for market growth. As per the report of the International Agency for Research on Cancer published GLOBOCAN 2020 report which estimated the incidence of 36 cancer in 185 countries, globally, there were an estimated 19,292,789 new cases of cancer diagnosed in 2020 all over the world. Of the total diagnosed cancer cases, 10,065,305 cases were reported in males and 9,227,484 cases were reported in females. the incidence of cancer cases in males was expected to reach 15,585,096 by 2040 and 13,302,846 in females by 2040. Such an increasing incidence of cancer among the global population is expected to drive the growth of the market. Common chronic blood disorders include anemia, bleeding disorders such as hemophilia and blood clots, and blood cancers such as leukemia, lymphoma, and myeloma. As per the May 2022 update by the Center for Disease Control and Prevention, sickle cell disease (SCD) affects approximately 100,000 Americans. It occurs among about 1 out of every 365 Black or African American births. Effective treatment is the best way to protect the life of a patient with blood cell disorder. And other factors are playing crucial roles in taking the autologous cell therapy market to the next level, among them are ongoing drug developments for new applications which are expected to further propel the growth of the autologous cell therapy market. The growth of the market is attributed to the rising number of clinical trials and the growing adoption of cell therapies globally in the forecast period.

However, systemic immunological reactions possibility and expensive practise, product and high capital investment are expected to restrain the growth of the market over the forecast period.

Thus the above-mentioned factors are expected to drive the growth of the market during the forecast period.