PUBLISHER: Inkwood Research | PRODUCT CODE: 1142625
PUBLISHER: Inkwood Research | PRODUCT CODE: 1142625
The North America cell therapy market is set to project a CAGR of 14.13% during the forecast period, 2022-2030. The presence of companies like Kolon TissueGene, NuVasive Inc, Bristol-Myers Squibb Company, Gilead Sciences Inc, Vericel Corporation, etc., majorly contributes to market growth. However, the market growth is restrained by stringent regulations.
Canada and the United States are assessed for the North America cell therapy market growth analysis. In Canada, investments and funding by the government are targeted at enhancing the country's stem cell research ecosystem. Also, several stem cell-related clinical trials are underway in the country. In addition, the Canadian Stem Cell Foundation has established a Canadian Stem Cell Strategy and Action Plan for making Canada lucrative for more high-quality stem cell clinical trials.
Further, the presence of centers and institutions like the Centre for Commercialization of Regenerative Medicine (CCRM), the Ontario Institute for Regenerative Medicine, and the Ontario Stem Cell Institute, active in regenerative medicine and stem cells, is beneficial to market growth. Such developments are projected to increase growth opportunities.
Some of the key firms operating in the market include: Anterogen Co Ltd, JCR Pharmaceuticals Co Ltd, Bristol Myers Squibb Company, etc.