The cardiovascular segment is estimated to boosts the market growth due to the increasing cases of cardiovascular diseases worldwide.
The global Engineered Cell Therapy Market size is anticipated to be valued US$ 4.2 billion in 2022. This market is expected to be worth US$ 4.82 billion in 2023 and US$ 18.99 billion in 2033, with a 14.7% CAGR from 2023 to 2033.
New cell types are continually being introduced into the Engineered Cell Therapy industry, giving huge opportunities for businesses to strengthen their market positions. As a result, the number of firms dedicated to the development of cell therapies has increased dramatically in recent years. An rise in financing for cell therapy biomedical investigations, the establishment of realistic criteria for cell therapy production, and the success of novel products are all essential elements impacting market growth.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Engineered Cell Therapy Market Growth
Because of the rising global adoption of the internet and smartphones, digitization is making deeper inroads into varied areas such as healthcare.
During the COVID-19 outbreak, healthcare practitioners and patients saw the necessity of digitalization and were urged to use virtual means of patient assessment and consultation to circumvent social distance rules. This spawned a new medical domain, Telehealth.
Telehealth has grown in popularity since the epidemic, particularly among the elderly, given to the ease it provides. As a result, rising telehealth use in radiology, behavioural health, cardiology, and online consultation is likely to generate lucrative growth prospects in the Engineered Cell Therapy market.
Key Engineered Cell Therapy Market Takeaways and Projections
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Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Engineered Cell Therapy market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Engineered Cell Therapy market.
Some of the prominent market players are profiled by FMI are:
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Engineered cell therapy Market: Segmentation
The global engineered cell therapy market has been segregated based on product type, indication and geography.
By Type:
By Indication:
By End-user:
Region
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 05, 2023