Cell Therapy Market Size, Share, and Trends 2024 to 2034

Cell Therapy Market Size and Growth 2023 to 2032

The global cell therapy market was valued at USD 14.52 billion in 2023 and it is expected to hit USD 97 billion by 2033, poised to grow at a CAGR of 20.9% during the forecast period 2024 to 2033.

Key Takeaways

• North America led the global market with the highest market share of 53.14% in 2023.
• Asia Pacific region is estimated to expand the fastest CAGR of 16% between 2024 and 2033.
• By user type, the research use segment registered a maximum market share of 62.30% in 2023.
• By user type, the clinical use segment is anticipated to grow at a remarkable CAGR of 13.5% between 2024 and 2033.
• By therapy type, the autologous therapies segment generated over 56% of revenue share in 2023.

Cell Therapy Market Size in the U.S. 2024 To 2033

The U.S. cell therapy market size reached USD 5.41 billion in 2023 and is anticipated to be worth around USD 37.85 billion by 2033, poised to grow at a CAGR of 21.45% from 2024 to 2033.

North America dominated the cell therapy market in 2023 with a revenue share of 53.14%. Factors such as rising incidents of chronic disorders and growing investments for the development of cell therapy market in the U.S. Cellino Biotech, an autonomous cell treatment manufacturing firm obtained a first investment round of $80 million in January 2022. Cellino wants to make stem cell-based medicines more accessible with the goal of building the first self-contained human cell foundry by 2025. In addition, the cell therapy market in North America region is also being driven by growing applications of stem cell technologies for the treatment of various diseases. Moreover, the growing research and development activities are boosting the growth of North America cell therapy market.

Asia-Pacific is expected to develop at the fastest growth rate 16% during the forecast period. China dominates the cell therapy market in Asia-Pacific region. The favorable government regulations are contributing towards the growth of cell therapy market in this region. Asia-Pacific has a great potential for market expansion, as it accounted for roughly 4.6 billion of the world human population in 2019, which might act as a prospective patient base. Furthermore, emerging nations such as China and India are predicted to grow as a result of improved healthcare facilities, low cost, and increased knowledge of cell therapy.

Growth Factors

The growth of global cell therapy market is attributed to the rising incidents of chronic disorders and infections. In addition, the growing cases of diabetes are also boosting the market growth. As per the International Diabetes Federation Diabetes Altas, almost 573 million persons globally had diabetes in 2022, with the number anticipated to grow by 643 million by 2033 and 783 million by 2045. Moreover, the growing number of research studies and clinical trials are also boosting the growth of global cell therapy market.

One of the key factors propelling the expansion of global cell therapy market is adoption of innovative and latest technologies. Furthermore, after the impact of COVID-19 pandemic, the market for cell therapy is growing at a rapid pace. With over 900 companies working on advanced therapeutics around the world and around 1,000 cell or gene therapy clinical studies now conducted, the cell therapy market might see a surge in number of approvals. According to industry experts, up to 60 new cell therapies could be developed in the next few years, curing around 350,000 patients in the U.S. alone.

The impact of the COVID-19 pandemic on the growth of global cell therapy market is positive in nature. Due to pandemic, the cell therapies got momentum in the market. For example, Calidi Biotherapeutics Inc. announced in April 2020 that the FDA had approved the Investigational New Drug application approved by its partner, Personalized Stem Cells Inc. for the diagnosis and treatment of COVID-19 patients using stem cell therapy. Thus, this had positive outlook on the cell therapy market growth.

The global cell therapy market is also expanding due to stringent government regulations and guidelines. In addition, the growing investments for expansion of cell therapy market are paving way for the development of global cell therapy market. In July 2019, Bayer invested $215 million in Century Therapeutics, a biotechnology business established in the U.S. that aims to develop medicines for solid tumors and blood cancer. A $35 million donation from Versant Ventures and Fujifilm Cellular Dynamics boosted funding to $250 billion which is expected to help the sector to develop even more.

The government all around the world is constantly investing for the development of biopharmaceutical industry. This is directly impacting the growth of global cell therapy market. The key market players are collaborating with government agencies for the introduction of new cell therapies in the global market. In addition, market players are targeting developed and developing regions for the growth and development of global cell therapy market.

On the other hand, the high cost of cell therapies is a major challenge for the expansion of global cell therapy market. Moreover, lack of skilled professionals also acts as restraint for the cell therapy market growth. However, the growth of global cell therapy market is expected in near future due to wide applications of cell therapy.

Report Scope of the Cell Therapy Market

User Type Insights

The research use segment accounted for 62.30% market share in 2023. Cell therapy is widely used for research purposes. The growing research and development initiatives are driving the growth of the segment. In addition, key market players are highly investing in research projects. Not only market players are investing in research projects but also government agencies are collaborating for cell-based research projects. All of these factors are driving the growth of the segment.

The clinical use segment is projected to reach a remarkable growth of 13.5% over the forecast period. Cell therapy is largely used for the treatment and diagnostics in some therapeutic areas such as malignancies, musculoskeletal therapies, autoimmune disorders, and dermatology. Thus, the growing number of clinical trials is boosting the segment’s growth.

Therapy Type Insights

The autologous therapies segment dominated the cell therapy market in 2023 and garnered revenue of 56%. The segment growth is attributed to the growing adoption of autologous therapies on a large scale. Moreover, the autologous therapies are quite cost effective as compared to allogenic therapies. Thus, this factor is driving the growth of the segment.

The allogenic therapies segment is expected to witness strong growth during forecast period. The segment is growing due to increasing research and development activities. Moreover, market players are adopting unique strategies for segment growth. For example, SpringWorks and Allogene Therapeutics Inc. signed a clinical trial partnership agreement in January 2020 for the investigation of ALLO-715 in patients with multiple myeloma who are also taking Nirogacestat.

Recent Developments

• Miracell, a Korean stem cell therapy company, will enter the Middle East market in March 2022 after achieving success in Europe. According to the company’s CEO, the afternoons are entirely booked with teleconference with possible Middle Eastern buyers. Miracell is a stem cell therapy and cell banking company that was founded in 2009.
• KIMMTRAK Immunocore’s treatment for advanced and metastatic uveal melanoma was approaved by the FDA in January 2022.
• Thermo Fisher Scientific declared the release of comprehensive and integrated commercial packaging and distribution services in February 2022, designed to help patients across the U.S. and Europe transition from clinic to commercial release. Patheon Commercial Packaging Services is a new end to end solution for programmers that combine worldwide distribution and serialization to assist their logistics strategy.

Cell Therapy Market Companies

• Kolon TissueGene Inc.
• JCR Pharmaceuticals Co. Ltd
• Castle Creek Biosciences Inc.
• Anterogen Co. Ltd
• The Future of Biotechnology
• Celgene Corporation
• Tameika Cell Technologies Inc.
• Cells for Cells
• MEDIPOST
• NuVasive Inc.

Segments Covered in the Report

By Use Type

• Clinical use
• By Therapeutic Area
• Malignancies
• Muscoskeletal Disorders
• Autoimmune Disorders
• Dermatology
• Cardiovascular
• Ocular
• Wounds and injuries
• Others
• By Cell Type
• Stem Cell Therapies
• BM, Blood, & Umbilical cord-derived Stem Cells
• Adipose-derived cells
• Others
• Non-stem Cell Therapies
• Research use

By Therapy Type

• Autologous Therapies
• Allogenic Therapies

By End User

• Hospitals
• Diagnostic centers
• Clinics
• Research institutes
• Regenerative medicine centers
• Others

By Technology

• Viral Vector Technology
• Genome Editing Technology
• Somatic Cell Technology
• Cell Immortalization Technology
• Cell Plasticity Technology
• Three-dimensional Technology

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa