Kenneth Research has released a report titled “Cell Therapy Technologies Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The population aged 65 and above as a share of total population, touched 9.318% in the year 2020, up from 6.874% in the year 2000, according to the statistics by the World Bank.
The statistics portray the growing geriatric population worldwide, and therefore the rising concern for the prevalence of chronic diseases amongst this age group. The aged population are amongst those who are highly prone to various chronic diseases. As a result, there is a growing need amongst those infected with the diseases to be treated with advanced treatment techniques. By the use of cell therapy technologies, healthcare researchers develop vaccines or drugs. Owing to such a factor, there is a growing demand for cell therapy technologies, which in turn, is anticipated to drive the growth of the market in the coming years.
The global cell therapy technologies market is anticipated to grow with a CAGR of 13.6% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 45754.6 Million by the end of 2030, up from a revenue of USD 12902.1 Million in the year 2020. The market is segmented by product into consumables, system & software, and equipment. By the end of 2030, amongst all the other segments, the consumables segment is anticipated to garner the largest revenue of USD 17892.6 Million, up from a revenue of USD 5163.6 Million in the year 2020.
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America, amongst all the other market in the region, is anticipated to garner the largest revenue of USD 19957.2 Million by the end of 2030, up from a revenue of USD 5848.5 Million in the year 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the high cost of the vaccine or drug developed from cell therapy technologies is one of the major factors predicted to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global cell therapy technologies market, which includes company profiling of Lonza Group Ltd., Sartorius AG, Danaher Corporation, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Avantor, Inc., Eppendorf SE, Miltenyi Biotec B.V. & Co. KG, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Cell Therapy Technologies Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global cell therapy technologies industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global cell therapy technologies market in the near future.
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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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