Cell & Gene Therapy Manufacturing Services Market Value Demand Analysis 2022-2029

The Cell & Gene Therapy Manufacturing Services Market is expected to grow at a CAGR of 12.9% during the forecast period 2022-2029. North America region has the highest market share in the Cell & Gene Therapy Manufacturing Services Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

Elevate Bio shares some parallels with The Discovery Labs, another innovative service firm. BioCentriq, a university-based services organization already operating in New Jersey, would better compare the Philadelphia-area venture. These three firms and others like them are targeting the booming cell and gene therapy market with their services.

They are assisting in creating a completely new branch of the pharmaceutical CDMO world in the process. Moreover, only seven cell and gene therapy medications have been licensed by the US Food and Drug Administration. Still, more than 1,200 investigational therapies are in the pipeline, with more than half in Phase 2 clinical trials. Annual sales growth is expected to be over 15% for cell therapies and approximately 30% for gene therapies. And the number of companies developing cell and gene therapies is fast increasing; the Alliance for Regenerative Medicine predicts 1,100 such companies in 2020, up 10% from 2019. Thus, the market is expected to drive in the forecast period from the above statements.

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Market Segmentation:

By Type:
• Cell Therapy (Allogeneic, Autologous, Viral Vector)
• Gene Therapy (Non-viral Vectors, Viral Vectors)

By Indication:
• Oncology Diseases
• Cardiovascular Diseases
• Orthopedic Diseases
• Ophthalmology Diseases
• Central Nervous System Disorders
• Infectious Diseases
• Others

By Application:
• Clinical Manufacturing
• Commercial Manufacturing

By End-User:
• Pharmaceutical and Biotechnology Companies
• Academic and Research Institutes
• Others

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:
Charles River Laboratories, Thermo Fisher Scientific Inc., Lonza, Merck KGaA, Catalent, Inc., Takara Bio Inc., FUJIFILM Irvine Scientific, F. Hoffmann-La Roche Ltd., Oxford Biomedica plc. and BioCentriq.

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We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.