Cell Therapy Manufacturing Market to Grow at a Steady CAGR of 12.0% 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, “Cell
Therapy Manufacturing Market - Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2016-2026”, the
global Cell Therapy Manufacturing market stood at USD3123.44 million in 2020
and is expected to grow at a steady CAGR of 12.00% during the forecast period
on account of consistent research and studies related to cell
therapies.
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 using T-cells for the
treatment of cancerous cells in the patient. The growing prevalence of various
chronic diseases such as cancer, diabetes, and cardiovascular diseases has
significantly increased the patient pool worldwide suffering from these
diseases.
This in turn has significantly increased the demand for cell therapy
manufacturing to find new treatments for the severe diseases. The expansion of
the biopharmaceutical companies and biotechnological institutes is also
supporting the growth of the global cell therapy manufacturing market in the
upcoming five years.
Due to the sudden outbreak of COVID-19 pandemic, there has been a rapid
increase in research and development of cell-based vaccines for the treatment
of COVID-19. The presence of government and commercial funding agencies that
are continually issuing grants to support projects at various phases of
clinical trials can be ascribed to the growing number of ongoing clinical
studies.
Apart of that, high cost of cellular therapies, dearth of skilled
healthcare professionals, large scale manufacturing, stringent regulatory
policies, and lack of awareness are some of the major factors that are
inhibiting the growth of Cell Therapy Manufacturing Market.
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The global Cell Therapy Manufacturing market is segmented based on therapy, source of cell, scale of operation, source,
application, end user, company, and regional distribution. Based on therapy,
the market is segmented into T-Cell Therapies, Dendritic Cell Therapies,
Tumor Cell Therapies, Stem Cell Therapies. Stem
cell therapies is anticipated to hold the largest share of the market and
dominate the segment in the next five years on account of rising research and
development in the area.
Stem cells therapy is utilized for the cure of
various chronic diseases and the consistent efforts to provide the best
available treatment to the patients. Based on Source of Cell, the market is divided into Autologous
and Allogenic. In terms of
Scale of Operation, the market can be categorized into Preclinical, Clinical
and Commercial. By Source, the market is fragmented into In-House
Manufacturing and Contract Manufacturing.
Based on application, the market can be fragmented 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 on the
account of increasing 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 cancerous cells and to overcome the cancer-causing
cells in the body. The method is actively utilized and is thus aiding in the
growth of the application.
Based on end user, the market can be segmented into Pharmaceutical
& Biotechnology Companies, Academic & Research Institutes and Others.
Key market players in the global cell therapy Manufacturing market
include:
·
Novartis AG
·
F. Hoffmann-La Roche AG
·
Gilead Sciences, Inc.
·
Thermo Fischer Scientific, Inc.
·
Catalent, Inc.
·
JSR Life Sciences LLC (KBI Biopharma Inc)
·
Waisman Center (Waisman Biomanufacturing)
·
Cell and Gene Therapy Catapult
·
Merck KGaA
·
Lonza Group
·
Oxford Biomedica Plc
·
WuXi AppTec
·
Charles River Laboratories
International Inc.
·
Institut Merieux (ABL Inc.)
·
BioCentriq
·
Centre for Commercialization of Regenerative Medicine (CCRM)
·
Fujifilm Holdings Corporation (Fujifilm Cellular Dynamics)
·
Amgen Inc.
·
Bluebird Bio Inc.
·
Takeda Pharmaceutical Company Limited
Global Cell Therapy
Manufacturing market is consolidated with a lot of well-established players
having presence in several countries: with several domestic players possessing
leadership in certain regions and countries, among others. Novartis AG holds
the highest market share and is among the top five market players globally. F. Hoffmann La
Roche AG ranks second in terms of market share in the overall cell
therapy manufacturing market.
The company has a strong
presence worldwide and a huge brand value. People in emerging countries are
also aware of the presence, product portfolio and business of the company and
are preferring it over other competitor brands.
Additionally, there are other prominent players such as Gilead Sciences, Inc., Thermo Fischer Scientific, Inc., Catalent, Inc.,
JSR Life Sciences LLC (KBI Biopharma Inc), Waisman Center (Waisman
Biomanufacturing), Cell and Gene Therapy Catapult, Merck KGaA, Lonza Group and others, which are holding a significant
position in the global Cell Therapy Manufacturing market.
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“The Asia Pacific
region will register the fastest CAGR during the forecast period. This can be
attributed to the large and growing prevalence of chronic diseases such as
Cancer, Cardiovascular Diseases, Diabetes, and others in the region especially
in countries like China, India, and Japan. Additionally, supportive government
policies and healthcare schemes launched by them across different countries in
the region is expected to support market growth. For instance, in 2019, the Australian
government announced an USD57 million investment into the manufacturing of
CAR-T at the Peter MacCallum Cancer Center, ensuring that all stages of the
CAR-T pathway are able to remain in Australia.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
Global management consulting firm.
“Global Cell Therapy Manufacturing Market - Global Industry Size, Share,
Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented 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 Company and By Region”, has evaluated the future growth potential
of global Cell Therapy Manufacturing Market 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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