The global cell therapy market Growth Accelerated by Infrastructure Development
Cell therapy involves the use of living whole cells or components of blood or tissues to treat various diseases. Cell therapies assist in replacing, engineering or repairing damaged cells. They are widely used across applications such as cardiovascular diseases, autoimmune disorders and genetic disorders. The increasing investment for developing infrastructure for cell therapy production is a key factor driving the global cell therapy market. The global cell therapy market is estimated to be valued at US$ 844.7 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends fueling the growth of the global cell therapy market is substantial investments for developing infrastructure to support cell therapy production. Governments as well as private organizations are increasing funding to build state-of-the-art facilities for cell processi...