The Future is Cellular: Innovations Powering Next-Gen Therapies
The global cell therapy market was valued at USD 4.74 billion in 2023 and is projected to expand at a robust compound annual growth rate (CAGR) of 22.66% between 2024 and 2030. This rapid rate of expansion is driven in part by the continuous diversification of cell types being explored and commercialized, offering companies fresh avenues to consolidate and enhance their positions within this competitive landscape. Over the past several years, the sector has witnessed a substantial uptick in the number of organizations actively engaged in the research, development, and commercialization of novel cell-based treatments. A key catalyst behind this proliferation of market entrants is the significant increase in funding earmarked for clinical studies of cell therapies. Coupled with the establishment and widespread adoption of standardized guidelines for the manufacturing of cell-based products, these financial and regulatory enablers have lowered the barriers to entry and...