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Global Allogenic Cell Therapies Market worth $ 2.42 Billion by 2030 - Exclusive Report by InsightAce Analytic einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article ResearchAndMarkets.com s offering. According to this report the global cell therapy market is expected to reach US$ 12,563.23 million by 2027 from US$ 7,260.50 million in 2019. It is estimated to grow at a CAGR of 7.2% from 2020-2027. The growth of the market is attributed to increasing prevalence of chronic diseases, rising adoption of regenerative medicines, and surging number of approvals for cell-based therapies. However, the high cost of cell therapy manufacturing hinders the growth of the market. The cell therapy market, based on therapy type, is bifurcated into allogeneic and autologous. In 2019, the allogeneic segment accounted for a larger share owing to the availability of substantial number of approved products for clinical use. For instance, in 2018, Alofisel developed by TiGenix (Takeda) is the first allogeneic stem cell-based therapy approved for use in Europe. ....
Share: New York, Feb. 23, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Cell Therapy Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Therapy Type ; Product ; Technology ; Application ; End User, and Geography - https://www.reportlinker.com/p06027528/?utm source=GNW However, the high cost of cell therapy manufacturing hinders the growth of the market. Cell therapy is a procedure where living and intact cells are injected, implanted, or grafted into the patient s body.This technology relies on replacing dysfunctional cells with healthy functioning ones. Cells mainly used for such advanced therapies are stem cells, as they have ability to differentiate into the specific cells required for repairing damaged or defective tissues or cells. Moreover, cell therapy has applications in the development of regenerative medicines. ....