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Cell Therapy in the US - Industry Market Research Report

Publisher IBISWorld
Published Aug 09, 2024
Length 75 Pages
SKU # IBSS19120631

Description

Cell Therapy in the US - Industry Market Research Report


Cell Therapy in the US

Cell therapy isn't a new field, but only recent tech and medical advances have made cell therapies commercially available for patients. Since the first cell therapy received FDA approval just over a decade ago, cell therapy developers have been at the forefront of life sciences innovation, with interest and investment pouring into the field. But, the current regulatory environment hasn't kept up with the rapidly evolving cell therapy field. A lack of clarity in the regulatory guidelines for cell therapies creates confusion and uncertainty for manufacturers and developers. At the same time, a lengthy approval process delays patients' access to treatments and companies' chance to earn profit. Some recent changes – like the Prescription Drug User Fee Fact – aim to resolve some regulatory hurdles. An active funding environment has led revenue to expand at a CAGR of 25.6% to an estimated $9.2 billion over the past five years, including an expected 2.0% decline in 2023.

Operators in this industry engineer human tissue via cell therapy or regenerative medicine. Tissue engineering involves the use of cell combination, engineering and materials methods and suitable biochemical and chemical factors to improve or replace biological functions. This industry includes repair or replacement of tissues such as bone, cartilage, blood vessels and skin.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

75 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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