Press release
Cell and Gene Therapy Manufacturing Services Market Share, Growth, Demand, Key Players, Future Opportunities and Forecast 2032: SPER Market Research
During the Covid-19 pandemic, the market for manufacturing services for cell and gene therapies declined due to the limitations on running capacity imposed by the government and the disruption of the supply chain and logistical infrastructure. This has led to an increase in demand for these services, which is projected to have a significant impact on market growth. Additionally, BioCardia's application for an Investigational New Drug (IND) to start a Phase I/II clinical trial of COVID-19 stem cell therapy was authorised by the US Food and Drug Administration (FDA). This will result in an increase in the use of contract manufacturing services.
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Cell & Gene Therapy Manufacturing Services Market Overview:
Forecast CAGR (2022-2032): 17.74%.
Forecast Market Size (2032): 26.11 billion.
Impact of COVID-19 on the Global Cell & Gene Therapy Manufacturing Services Market:
The market for manufacturing services for cell and gene therapies suffered during the COVID-19 pandemic. The government-imposed running capacity restrictions and the disruption of the supply chain and logistical systems were the two main causes of this. The United States Food and Drug Administration's Coronavirus Treatment Acceleration Program (CTAP) 2020 states that COVID-19-related therapies include cell therapy products, such as cellular immunotherapies and other kinds of autologous and allogeneic cells, like stem cells, and associated goods. As a result, the need for manufacturing services rises as a result of the treatment of COVID-19 with cell therapy products, which is anticipated to have a major impact on market growth. Additionally, the US Food and Drug Administration (FDA) authorised BioCardia to begin a Phase I/II clinical trial of COVID-19 stem cell therapy, BCDA-04, in adults recovering from COVID-19-related acute respiratory distress syndrome (ARDS). These new IND applications for treating COVID-19 will encourage more businesses to use contract manufacturing services.
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Cell & Gene Therapy Manufacturing Services Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Therapy Type:
Cell Therapy Manufacturing
Gene Therapy Manufacturing
By Scale:
Pre-commercial/ R&D Manufacturing
Commercial Scale Manufacturing
By Mode:
Contract Manufacturing
In-house Manufacturing
By Workflow:
Cell Processing
Cell Banking
Process Development
Fill & Finish Operations
Analytical And Quality Testing
By Region:
Asia-Pacific
Europe
Middle East
Africa
North America
Latin America
Based on geography, The Global Cell & Gene Therapy Manufacturing Services Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Due to the ongoing advancements in the regional industry, the Asia Pacific market is anticipated to present a sizable potential to the market.
Cell & Gene Therapy Manufacturing Services Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bluebird Bio Inc., Boehringer Ingelheim, Catalent Inc., Cellular Therapeutics, F. Hoffmann-La Roche Ltd, Hitachi Chemical Co. Ltd., Lonza, Merck KGaA, Miltenyi Biotec, Novartis AG, Samsung Biologics, Takara Bio Inc., Thermo Fisher Scientific, Wuxi Advanced Therapies.
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