Artificial Intelligence
Cell Therapy Global Market to Grow Rapidly at a CAGR of ~14% by 2028 | DelveInsight
New York, USA, June 01, 2023 (GLOBE NEWSWIRE) — Cell Therapy Global Market to Grow Rapidly at a CAGR of ~14% by 2028 | DelveInsight
The global cell therapy market is predicted to showcase positive growth owing to the rising incidence of oncological disorders such as blood cancer and others, the increase in cases of critical limb ischemia (CLI), increasing R&D and investments for cell therapy, and growing advances in technologies used for manipulation and administration of cell therapies by leading companies such as Cipla, Bristol-Myers Squibb Company, Johnson & Johnson Services, Novartis AG, Gilead Sciences, and others.
DelveInsight’s Cell Therapy Market Insights report provides the current and forecast market analysis, individual leading cell therapy companies’ market shares, challenges, cell therapy market drivers, barriers, trends, and key market cell therapy companies in the market.
Key Takeaways from the Cell Therapy Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global cell therapy market during the forecast period.
- Notable cell therapy companies such as Cipla, Bristol-Myers Squibb Company, Johnson & Johnson Services, Inc., Novartis AG, Gilead Sciences, Inc., Atara Biotherapeutics, Inc., Takeda Pharmaceutical Company Limited, Tegoscience, Kolon TissueGene, Inc., IMMUSOFT, and several others, are currently operating in the cell therapy market.
- In May 2023, BrightPath Biotherapeutics Co., Ltd., a clinical stage biotechnology company focused on the development of cell therapies derived from invariant natural killer T (iNKT) cells, and Artisan Bio. Inc., a precision genome engineering and drug discovery company, announced that they have signed a research and licensing agreement to accelerate the development of BrightPath’s next-generation iNKT cell therapies.
- In April 2023, Omisirge (omidubicel-onlv), a significantly modified allogeneic cord blood-based cell therapy, was approved by the US Food and Drug Administration to reduce the risk of infection in patients with blood cancer after a myeloablative treatment, such as radiation or chemotherapy.
- In November 2022 AstraZeneca announced an agreement to acquire Neogene Therapeutics Inc., a global clinical-stage biotechnology company pioneering the discovery, development, and manufacturing of next-generation T-cell receptor therapies (TCR-Ts) that offer a novel cell therapy approach for targeting cancer.
- In October 2022 Century Therapeutics and Bristol Myers Squibb entered into a strategic collaboration to develop iPSC-derived allogeneic cell therapies.
- In April 2022, Kite, a Gilead Company received US FDA approval for Yescarta® (axicabtagene ciloleucel) CAR T-cell therapy for adult patients with large B-cell lymphoma that is refractory to first-line chemoimmunotherapy or that relapses within 12 months of first-line chemoimmunotherapy.
- In February 2022, the Janssen Pharmaceutical Companies of Johnson & Johnson announced that the company has received US FDA approval for CARVYKTI™ intended for the treatment of adults with relapsed or refractory multiple myeloma (RRMM) after four or more prior lines of therapy, including a proteasome inhibitor, an immunomodulatory agent, and an anti-CD38 monoclonal antibody.
To read more about the latest highlights related to the cell therapy market, get a snapshot of the key highlights entailed in the Global Cell Therapy Market Report
Cell Therapy Overview
Cell therapy is a treatment method that involves replacing diseased or malfunctioning cells with healthy functioning ones. Because of their potential to specialize in specific cells required for healing damaged or malfunctioning tissues or cells, stem cells are mostly used for such sophisticated therapies. Furthermore, cell therapy is used in the development of regenerative medicines, which is a multidisciplinary field aimed at the maintenance, improvement, or restoration of cell, tissue, or organ function using cell therapy-related methods. Cells such as blood and bone marrow cells, mature, immature, and solid tissue cells, adult stem cells, and embryonic stem cells are also commonly employed in cell therapy operations. Furthermore, transplanted cells such as induced pluripotent stem cells (iPSCs), embryonic stem cells (ESCs), neural stem cells (NSCs), and mesenchymal stem cells (MSCs) are classified as autologous cell therapy and non-autologous cell therapy.
Cell Therapy Market Insights
North America is expected to account for the highest proportion of the cell therapy market in 2023, out of all regions. The cell therapy market is expected to grow significantly in the region due to the importance of key growth factors such as an increasing patient population suffering from cancer, sophisticated healthcare infrastructure, the presence of key players, and among others. The increasing number of product development activities in the region will push the expansion of the cell therapy market even further. For instance, Breyanzi® (lisocabtagene maraleucel), a CD19-directed chimeric antigen receptor (CAR) T-cell therapy, was approved by the US Food and Drug Administration (FDA) in June 2022 for the treatment of adult patients with large B-cell lymphoma (LBCL).
To know more about why North America is leading the market growth in the cell therapy market, get a snapshot of the Cell Therapy Market Outlook
Cell therapy is increasingly being used to treat blood malignancies. For example, Novartis AG’s Kymriah is the first chimeric antigen receptor (CAR) T cell immunotherapy licensed by the US Food and Drug Administration for adult patients with relapsed or refractory follicular lymphoma. The increase in strategic initiatives on cell therapy is also predicted to fuel the cell therapy market. For example, Century Therapeutics and Bristol Myers Squibb announced a strategic collaboration in October 2022 to develop iPSC-derived allogeneic cell treatments.
Similarly, AstraZeneca announced an agreement to acquire Neogene Therapeutics Inc. in November 2022, a global clinical-stage biotechnology company pioneering the discovery, development, and manufacturing of next-generation T-cell receptor therapies (TCR-Ts) that provide a novel cell therapy approach for targeting cancer.
However, challenges associated with cell therapy manufacturing and the extremely high treatment cost of cell therapy may limit the overall cell therapy market growth.
Additionally, the cell therapy market was significantly impacted during the COVID-19 pandemic due to lockdown impositions as a measure to prevent the spread of COVID-19 infection, which resulted in the suspension of cell therapy research and development activities due to a lack of raw materials and required workforce. Nonetheless, the cell therapy market is in a recovery phase as a result of the introduction of COVID-19 vaccines and the resumption of activities in all sectors, including healthcare and pharmaceutical, providing ample opportunities for the cell therapy market to grow at significant revenue during the forecast period.
Get a sneak peek at the cell therapy market dynamics @ Cell Therapy Market Dynamics Analysis
| Report Metrics | Details |
| Coverage | Global |
| Study Period | 2020–2028 |
| Base Year | 2022 |
| Cell Therapy Market CAGR | ~14% |
| Key Cell Therapy Companies | Cipla, Bristol-Myers Squibb Company, Johnson & Johnson Services, Inc., Novartis AG, Gilead Sciences, Inc., Atara Biotherapeutics, Inc., Takeda Pharmaceutical Company Limited, Tegoscience, Kolon TissueGene, Inc., IMMUSOFT, among others |
Cell Therapy Market Assessment
- Cell Therapy Market Segmentation
- Cell Therapy Market Segmentation By Type: Autologous And Allogenic
- Cell Therapy Market Segmentation By Cell Type: Stem Cell and Non-Stem Cell
- Cell Therapy Market Segmentation By Indication: Oncological, Cardiovascular, and Others
- Cell Therapy Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the cell therapy market are set to emerge as the trendsetter explore @ Cell Therapy Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Cell Therapy Market |
| 7 | Cell Therapy Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Cell Therapy Market Company and Product Profiles |
| 10 | Project Approach |
| 11 | About DelveInsight |
Interested in knowing the cell therapy market by 2028? Click to get a snapshot of the Cell Therapy Market Trends
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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