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Asia Pacific Cell Therapy Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Therapy Type, Product, Technology, Application, and End User, and Country

Asia Pacific Cell Therapy Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Therapy Type, Product, Technology, Application, and End User, and Country

  • February 2021
  • 108 pages
  • ID: 6027771
  • Format: PDF
  • The Insight Partners
Up to $1000 off Until Apr 20th 2021

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The Asia Pacific cell therapy market is expected to reach US$ 1,366.0 million by 2027 from US$ 2,449.8 million in 2019. The market is estimated to grow at a CAGR of 7.7% from 2020-2027.

Japan held the significant market share in 2019.Hospitals and healthcare facilities in Japan provide high-quality healthcare and are affordable to people as Japan has the Universal Healthcare Plan.

Hospitals in the country are larger, and they offer several specializations in their premises. For instance, Tokatsu Dialysis Hospital & Clinics (a private hospital) offers 14 different medical specialties such as nephrology, cardiovascular, gastroenterological surgery, and orthopedics.
Moreover, the rising geriatric population and declining birth rate in Japan has led the government to announce the Japan vision for healthcare in 2035 plan.This initiative allows a patient to reimburse 70-90% of its treatment cost from its insurer or government, and the remaining amount had to pay by a patient.

This has led to an increasing number of a patient undergoing various therapies and procedures at the hospitals. With these initiatives to support population health, the market for cell therapy is likely to grow in the forecast period.
The Japanese healthcare industry is currently witnessing massive developments and financial aids to accelerate the adoption and acceptance of cell therapy-based products.The government is focused on developing laws and policies to bolster the innovations and discoveries in novel diagnostics and therapeutics, such as regenerative medicine.

An increasing number of partnerships and distribution agreements are likely to consolidate product reach in Japan. For instance, in February 2018, FUJIFILM Corporation and Takeda Pharmaceutical Company Ltd collaborated to develop regenerative medicine therapies utilizing cardiomyocytes derived from iPSC for the treatment of heart failure.
Moreover, in January 2019, Takeda Pharmaceutical Company Ltd entered into the collaboration with Memorial Sloan Kettering Cancer Center (MSK) to explore and develop novel chimeric antigen receptor T-cell (CAR-T) products that have application in the treatment of indications such as multiple myeloma, acute myeloid leukemia, and additional solid tumor. Thus, the active involvement toward the developments related to cell therapy by the companies based in the country is expected to drive the cell therapy market during the forecast years.

Exhibit: Cell Therapy Market in Japan Revenue and Forecast to 2027 (US$ Million)


ASIA PACIFIC CELL THERAPY - MARKET SEGMENTATION

By Therapy Type
• Allogeneic
• Autologous
By Product
• Consumables
• Equipment
• Systems and Software
By Technology
• Viral Vector Technology
• Genome Editing Technology
• Somatic Cell Technology
• Cell Immortalization Technology
• Cell Plasticity Technology
• Three-Dimensional Technology
By Application
• Oncology
• Cardiovascular
• Orthopedic
• Wound Management
• Other Applications

By End User
• Research Institutes
• Hospitals
• Others
By Country
• Japan
• China
• India
• Australia
• South Korea
• Rest of APAC

Company Profiles
• Vericel Corporation
• MEDIPOST
• NuVasive, Inc.
• Mesoblast Limited
• JCR Pharmaceuticals Co. Ltd.
• Smith & Nephew
• Bristol-Myers Squibb Company
• Cells for Cells
• Stemedica Cell Technologies, Inc
• Castle Creek Biosciences, Inc.

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