Cell And Gene Therapy Manufacturing Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 Cell And Gene Therapy Manufacturing Market Growth & Trends

The global cell and gene therapy manufacturing market size is expected to reach USD 57.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 20.3% from 2021 to 2028. An exponential rise in clinical pipeline coupled with a rising number of regulatory approvals for advanced therapies has majorly driven the market.

Considering promising growth opportunities in the contract development of cellular and gene-modified therapies, market participants are making focused efforts to boost their market presence. Also, bio manufacturers are signing strategic alliances with contract manufacturers to accelerate the R&D of their candidate programs. Rising demand for CMOs/CDMOs services has led to the entry of several new players as well as expansion of product development capabilities, thereby positively impacting market revenue.

Several novel methods are being introduced to advance cell and gene therapy manufacturing. For instance, the manufacturers are exploring the potential of single-use technology in production workflows. This technique is gaining increasing attention in this arena to speed the development process while reducing the overall cost and production timeline. Such technological advancements in space are anticipated to bolster market growth in the coming years.

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Cell And Gene Therapy Manufacturing Market Report Highlights

• The cell therapy manufacturing segment dominated the market in 2020 in terms of revenue
• A high number of ongoing clinical trialsof cell therapies to address the robust need for effective treatment against COVID-19 infection has resulted in segment growth
• A high number of candidate molecules in the pre-commercial scale stage has contributed to the largest revenue share of the segment in 2020
• On the other hand, the recent success of CAR-T therapies supplements the growth of the commercial-scale manufacturing segment
• The contract manufacturing segment is expected to witness lucrative growth during the forecast period as a substantial number of bio manufacturers are turning to CMOs for efficient and rapid product development
• Ongoing pandemic has accelerated the global investments in the R&D of viral vector-based vaccines, creating lucrative opportunities in the vector production segment
• North America dominated the market in terms of revenue in 2020 owing to the strong research as well as a commercial base for cell and gene therapy products in the U.S.
• S. is leading the CAR-T and gene therapy space with the highest number of approved products, thus positively influencing the market growth in the region
• Asia Pacific is anticipated to grow at the fastest rate throughout the forecast period
• Constantly evolving viral vector production and CDMO landscapes through plant expansions and new sites are spurring the market in this region
• The key players are engaged in collaboration with biopharma developers to support their product development process

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cell-gene-therapy-manufacturing-market

Cell And Gene Therapy Manufacturing Market Segmentation

Grand View Research has segmented the global cell and gene therapy manufacturing market on the basis of therapy type, scale, mode, workflow, and region:

Cell & Gene Therapy Manufacturing Type Outlook (Revenue, USD Million, 2017 - 2028)

• Cell Therapy Manufacturing
  • Stem Cell
  • Non Stem Cell
• Gene Therapy Manufacturing

Cell & Gene Therapy Manufacturing Scale Outlook (Revenue, USD Million, 2017 - 2028)

• Pre-commercial/ R&D Scale
• Commercial Scale

Cell & Gene Therapy Manufacturing Mode Outlook (Revenue, USD Million, 2017 - 2028)

• Contract Manufacturing
• In-house Manufacturing

Cell & Gene Therapy Manufacturing Workflow Outlook (Revenue, USD Million, 2017 - 2028)

• Cell Processing
• Cell Banking
• Process Development
• Fill & Finish Operations
• Analytical And Quality Testing
• Raw Material Testing
• Vector Production
• Others

Cell & Gene Therapy Manufacturing Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East Africa (MEA)
  • South Africa
  • Saudi Arabia

List of Key Players of Cell And Gene Therapy Manufacturing Market

• Thermo Fisher Scientific
• Merck KGaA
• Lonza
• Catalent Inc.
• Takara Bio Inc.
• Hoffmann-La Roche Ltd.
• Wuxi Advanced Therapies
• Samsung Biologics
• Boehringer Ingelheim
• Novartis AG
• Hitachi Chemical Co., Ltd.
• Cellular Therapeutics
• Miltenyi Biotec
• Bluebird Bio Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.