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DUBLIN--(BUSINESS WIRE)--Nov 8, 2022--
The "Cell & Gene Therapy Manufacturing Services Market Analysis by Type, by Indication, by Application, End user and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The cell & gene therapy manufacturing services market size is estimated to be USD 8.4 billion in 2021 and is expected to witness a CAGR of 14.56% during the forecast period 2022-2029. The high rate of cancer and other target diseases, rising investments in pharmaceutical R&D, investments in advanced technologies by CDMOs, and increasing partnerships and contracts between pharmaceutical companies and CDMOs are some of the key drivers for the market growth.
However, increasing operational costs related to cell and gene therapy manufacturing are expected to restrain the market growth.
By Type
Based on type, the market is bifurcated into gene therapy and cell therapy. In 2021, cell therapy segment accounted for the highest revenue share due to the development of new technologies and product innovations that have allowed a variety of cells, including mesenchymal stem cells, dendritic cells, and T-cells, hematopoietic stem cells (HSC), natural killer cells, to treat illnesses and diseases.
By Indication
On the basis of Indication, the market is segregated into central nervous system disorders, ophthalmology diseases, cardiovascular diseases, infectious diseases, orthopaedic diseases, oncology diseases, and others. In 2021, the infectious diseases segment accounted for the largest revenue share owing to the expansion of cell therapy clinical trials because of the rise in infectious illness prevalence.
By Application
Based on Application, the market is bifurcated into commercial manufacturing and clinical manufacturing. In 2021, the clinical manufacturing segment accounted for the largest revenue share due to the growing number of gene therapy clinical trials and the constantly expanding global pipeline of cell and gene therapies.
By End user
On the basis of end user, the market is categorized into academic & research institutes and pharmaceutical & biotechnological companies. In 2021, the academic and research institutes segment accounted for the highest share owing to increasing government funding for research, and rising spending in the R&D sector in life sciences.
Regional Markets
In 2021, North America region accounted for the highest revenue in the cell & gene therapy manufacturing services market and is expected to maintain its dominance during the forecast period. This is attributed to rising prevalence of cancer and increasing research effort in cancer and stem cells, and significant investment in biopharmaceutical research and development are fuelling market growth. Furthermore, rising investment in pharmaceutical research and development is hastening regional market expansion.
Segmentation: Cell & Gene Therapy Manufacturing Services Market Report 2021-2029
By Type (Revenue, USD Billion)
By Indication (Revenue, USD Billion)
By Application (Revenue, USD Billion)
By End user (Revenue, USD Billion)
By Region (Revenue, USD Billion)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Topics Covered:
1. Research Methodology
2. Introduction: Cell & Gene Therapy Manufacturing Services
3. Executive Summary
4. Market Dynamics
5. Market Environment Analysis
6. COVID-19 Impact Analysis: Cell & Gene Therapy Manufacturing Services Market
7. Market Analysis by Type
8. Market Analysis by Indication
9. Market Analysis by Application
10. Market Analysis by End user
11. Regional Market Analysis
12. North America Cell & Gene Therapy Manufacturing Services Market
13. Europe Cell & Gene Therapy Manufacturing Services Market
14. Asia Pacific Cell & Gene Therapy Manufacturing Services Market
15. Latin America Cell & Gene Therapy Manufacturing Services Market
16. MEA Cell & Gene Therapy Manufacturing Services Market
17. Competitor Analysis
18. Company Profiles
19. Conclusion & Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/tflydy
View source version on businesswire.com:https://www.businesswire.com/news/home/20221108005717/en/
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KEYWORD:
INDUSTRY KEYWORD: GENETICS HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/08/2022 08:25 AM/DISC: 11/08/2022 08:26 AM
http://www.businesswire.com/news/home/20221108005717/en