Personalized Cell Therapy – Personalizing Treatment For Improved Outcomes
The Global Personalized Cell Therapy Market was valued at US$ 3536.2 million in 2016 and is projected to expand at a CAGR of 25.3% during the forecast period (2017–2024 ), as highlighted in a new report published by Coherent Market Insights. The demand for disease specific drugs for treatment of disease that have high prevalence rate, for example autoimmune diseases, diabetes and cancer is expected to support growth of the personalized cell therapy market over the forecast period.
The main process that involved the use of personalized medicine is to get the right treatment for a particular patient depending on the patient’s genomics by the help of molecular biomarker tests and targeted therapies. Autoimmune diseases are the leading cause of death, as they are prevalent in almost every age group, though their incidence rate varies with estimates as more than 80 individual type of autoimmune diseases are present such as type I diabetes, rheumatoid arthritis, inflammatory bowel disease and many more. For instance, there were around 20 cases of rheumatoid arthritis per 100,000 person in a year. Although, its prevalence rates range from less than 5 per 100 000 to more than 500 per 100 000.
Request Sample Copy of Research @ https://www.coherentmarketinsights.com/insight/request-sample/204
The genetic and other predictive information allows the physician to prepare the treatment regime for the specific disease as per patient requirement, also it helps to pin point optimal dosing system, preventing adverse events and focus efforts on prevention and earlier interventions.
There are various approaches involved in the personalized cell therapy that can be effective in oncology, cardiac and other chronic disorders. The approach is often multi-faceted, as it helps in various components during the treatment such as risk assessment, diagnosis, prevention, detection, management and treatment.
Most major players in the personalized cell therapy market are specifically focusing on product development. Thus, the market is currently progressing at a slow pace, though it is expected to gain major traction in the near future, on the backdrop various product being commercialized. As of 2017, there are over 40 cell therapy approved products available in the market. Novartis and Kite Pharma are expected to launch their products in 2017 and commercialize them in the following two to three years. CAR-T cell product launch in 2017 is expected to be catalytic force for overall growth of personalized cell therapy market.
Also, there are many drugs in pipeline such as CTL019 (tisagenlecleucel-T), Kte-C19 (axicabtagene ciloleucel) and it is expected that this drugs will drive the global personalized cell therapy market towards positive direction in the near future. Also, according to the University of Nottingham, in 2009, various collaboration between companies took place that were good index of industrial activities and alliances with large companies. There were a total of around 411 cell therapy deals between 1987 and 2008 end. These acquisitions and collaboration throughout the cell therapy sector is expected to support growth of the global personalized cell therapy market, owing to the novel technologies and advancements in the already existing technologies
Ask for customization: https://www.coherentmarketinsights.com/insight/request-customization/204
Key takeaways of the personalized cell therapy market:
The global personalized cell therapy market is expected to expand at a CAGR of 25.3% during the forecast period (2017–2024). Paradigm shift in treatment technologies towards development of drugs is expected to favor growth of the personalized cell therapy market.
The platelet transfusions application segment in the global personalized cell therapy market was estimated to be the largest in 2016 and is expected to retain its dominance in the market throughout the forecast period in terms of value
In terms of therapeutic area segment, the cancer treatment area is estimated to be the largest segment as in this are the unmet needs are high and continuous drug development are underway in this disease area.
The global personalized cell therapy market is characterized by market expansion in Asia Pacific, Latin America, and Middle East could generate higher market revenue as this market is expected to lucrative market for industry players, also various studies that are being done in different countries of Latin America such as Brazil and Mexico to develop drugs based on personalized cell therapy
Some of the major companies in the global personalized cell therapy market are Cytori Therapeutics Inc., Bellicum Pharmaceuticals, Inc., Saneron CCEL Therapeutics, Inc., M olMed S.p.A. and Vericel Corporation.
You may be interested
Plastisols Market Applications, Types and Market Analysis to 2026Alex Mathew - August 14, 2018
Plastisols Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation,…
Phytonutrients Market Revenue Growth Predicted by 2025Mohit Joshi - August 14, 2018
Phytonutrients Market report provides the statistical analysis of “Phytonutrients Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present in the industry space. The report helps…
Citric Acid Market Headed for Growth and Global Expansion by 2026Mohit Joshi - August 14, 2018
Citric Acid Market report provides the statistical analysis of “Citric Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present in the industry space. The…