Cell Therapy Manufacturing Market to Grow with an Impressive CAGR During the Forecast Period
Consistent
research and studies are driving the growth in Global Cell therapy
manufacturing Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Cell
Therapy Manufacturing Market
By Therapy (T-Cell Therapies, Dendritic Cell Therapies, Tumor Cell Therapies,
Stem Cell Therapies) By Source of Cell (Autologous v/s Allogenic) By Scale of
Operation (Preclinical, Clinical, Commercial) By Source (In-House v/s Contract
Manufacturing) By Application (Oncology, Cardiovascular Diseases, Orthopedic
Diseases, Others) By End User (Pharmaceutical & Biotechnology Companies,
Academic & Research Institutes, Others) By Region, Competition Forecast
& Opportunities, 2026”, the global cell
therapy manufacturing market may potentially project an impressive growth in
the forecast period, 2022-2026, with an impressive CAGR on the account of consistent
growth of cell therapies that are being developed and launched. The expansion
of the biopharmaceutical companies’ ad biotechnological institutes is also
supporting the growth of the global cell therapy manufacturing market in the
upcoming five years. The complex processes of manufacturing the cell therapies,
requirement of advanced production facilities along with the growing demand for
the cell therapy products is substantiating the growth of the global cell
therapy manufacturing market in the next five years.
Cell therapy is a biotechnological procedure where viable cells are
injected, grafted, or implanted into the human body that requires it as a part
of a medical treatment. Major example can be understood by the use of T-cells
for the treatment of cancerous cells in the patient.
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The global cell therapy manufacturing market is
segmented on the basis of therapy, source of cell, scale of operation, source,
application, end user, competitional landscape, and regional distribution. Based
on application, the market is again sub-segmented into oncology, cardiovascular
diseases, orthopedic diseases, and others. Oncology is expected to generate the
maximum revenue shares in the market and assert its dominance over the market
segments on the account of increases research and studies in the field of
oncology. Moreover, the number of cases where the patient is suffering due to
cancer or different type of cancers is also multiplying globally. Cell therapy
is one of the most incorporated procedures for understanding the growth of the
cancerous cells and to overcome the cancer-causing cells in the body. The
method is actively utilized and thus aiding the growth of the application. This
rapid growth is further aiding the growth of the global cell therapy
manufacturing market in the subsequent five years. Cardiovascular diseases are
anticipated to hold a significant growth in the upcoming five years on the
account of increasing instances of treatment for cardiovascular diseases using
cell therapy.
Based on basis of therapy, the market is further
bifurcated into T-cell therapies, dendritic cell therapies, tumor cell
therapies, and stem cell therapies. Stem cell therapy is anticipated to hold
the largest shares of the market and dominate the segment in the next five
years on the account of rising research and development in the area. Stem cells
therapy are utilized for the cures of various chronic diseases and the
consistent efforts to provide the best available treatment to the patients.
Additionally, growing number of ongoing clinical trials and increased stem cell
therapy products in the market is aiding the growth of the global cell therapy
manufacturing market in the upcoming five years. Rising FDA approvals, and
dedicated biopharma companies for the consistent evolution of the cell
therapies are also substantiating the growth of the global cell therapy
manufacturing market in the next five years.
Holding the major shares of the global cell therapy
manufacturing market are KBI Biopharma, Inc., Waisman Biomanufacturing, Cell
and Gene Therapy Catapult, Thermo Fisher Scientific, Inc., Merck KGaA, Catalent
Inc., Lonza Group, Oxford Biomedica Plc, Fujifilm Cellular Dynamics, Inc., Wuxi
Apptec, Charles River Laboratories International, Inc., The Discovery Labs LLC,
ABL, Inc., BioCentriq, Commercializing Living Therapies, among others. Market
players are actively involved in the research and technological development in
the medical applications of the cell therapy and related developments. The
advanced technology has made it possible for the healthcare industry to provide
excellent healthcare services through cell therapy manufacturing. Further
advancement would aid the market value and brand establishment in the future
five years. New market players may focus on the research and development to
provide options that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“North America is
anticipated to dominate the market in the upcoming five years of the forecast
on the account of the most evolved healthcare facility of the larger economies
like United States and Canada. The number of ongoing clinical trials is rapidly
increasing and with the consistent research and development from the
biopharmaceutical companies in region, the market is expected to experience a
robust growth. New market players would be required to invest their resources
and finances into extensive research and development of the advanced cell therapy
manufacturing products and these factors would aid their future growth
susbtantially,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based Global management consulting firm.
“Global Cell Therapy
Manufacturing Market By Therapy (T-Cell Therapies, Dendritic Cell Therapies,
Tumor Cell Therapies, Stem Cell Therapies) By Source of Cell (Autologous v/s
Allogenic) By Scale of Operation (Preclinical, Clinical, Commercial) By Source
(In-House v/s Contract Manufacturing) By Application (Oncology, Cardiovascular
Diseases, Orthopedic Diseases, Others) By End User (Pharmaceutical &
Biotechnology Companies, Academic & Research Institutes, Others) By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global cell therapy manufacturing and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global cell therapy manufacturing market.
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