Global market outlooks predict that the autologous cell therapy market will jump from $3.8 billion in 2015 to $23.7 billion in 2024. The stem cell therapy market, which utilises both autologous and allogeneic cell therapies, is expected to reach $170.1 billion by 2020.
The next few years will undoubtedly shift the pharmaceutical paradigm as therapeutics move from mass-produced to patient-specific.
How cellular and gene therapies work
Roughly speaking, cellular and gene therapy products differ from conventional therapeutics in that they harness the body’s natural bioprocesses instead of relying on foreign compounds.