Press release
Revolutionary Growth Expected in Global Cell and Gene Therapy Manufacturing Market: Industry Projected to Reach $8.8 Billion by 2031
The global cell and gene therapy manufacturing market is experiencing an unprecedented surge, with an impressive projected Compound Annual Growth Rate (CAGR) of 25.2% from 2023 to 2031, according to the latest report. The industry, which was valued at US$ 1.1 billion in 2022, is set to reach a remarkable valuation of more than US$ 8.8 billion by the end of 2031.The driving force behind this remarkable growth is the convergence of scientific advancements and a deeper understanding of cellular and genetic mechanisms. Cell and gene therapies, which offer tailored interventions targeting the root causes of diseases at the cellular level, are at the forefront of this transformative shift in medical treatment.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐ (๐จ๐๐ฒ ๐๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ฒ ๐ ๐ฎ๐ถ๐น ๐๐ฑ ๐ณ๐ผ๐ฟ ๐ค๐๐ถ๐ฐ๐ธ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85808&utm_source=OpenPR_Ajay&utm_medium=OpenPR
Advancements in manufacturing technologies and processes are playing a pivotal role in enabling scalability and cost-effectiveness in producing these groundbreaking therapies. Innovations such as automated bioreactors, closed-system processing, and novel gene delivery techniques are propelling the industry's growth during the forecast period.
Furthermore, the approval of cell and gene therapies by regulatory agencies presents lucrative opportunities for market players. Pharmaceutical and biotechnology companies are strategically collaborating to accelerate research, development, and commercialization of these therapies, with the aim of increasing market revenue and share.
Chronic diseases, including cancer, cardiovascular disorders, genetic anomalies, and autoimmune diseases, continue to burden healthcare systems worldwide. As such, cell and gene therapies are emerging as a revolutionary approach by utilizing patients' own cells or modifying their genetic makeup to provide personalized and targeted treatments.
๐๐๐ ๐๐ต๐ถ๐ ๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐บ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ | ๐๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ ๐๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐ฎ๐ -
https://www.transparencymarketresearch.com/checkout.php?rep_id=85808<ype=S&utm_source=OpenPR_Ajay&utm_medium=OpenPR
The oncology segment is poised to dominate the market during the forecast period, with cell and gene therapies demonstrating remarkable potential in revolutionizing cancer treatment. Therapies such as CAR-T (Chimeric Antigen Receptor T-cell) have gained attention for their success in treating certain types of leukemia and lymphoma, offering precise and targeted interventions.
North America leads the global industry, with well-established healthcare infrastructure, regulatory frameworks, and investments in research and development. Asia Pacific is expected to grow rapidly, driven by expanding healthcare infrastructure, research and development investment, and favorable regulatory policies.
Key players in the cell and gene therapy manufacturing market include Lonza Group Ltd., Thermo Fisher Scientific, Inc., Merck KGaA, Danaher Corporation, Bio-Techne Corporation, Sartorius AG, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Fresenius Medical Care AG & Co. KGaA, MaxCyte, Getinge AB, and GE HealthCare. These companies are leading the way in research, innovation, and strategic partnerships.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐ -
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=85808&utm_source=OpenPR_Ajay&utm_medium=OpenPR
๐ ๐ผ๐ฟ๐ฒ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ฏ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต -
Cold Plasma Market
https://www.globenewswire.com/en/news-release/2023/03/30/2638299/0/en/Cold-Plasma-Market-Size-to-Cross-USD-17-3-Bn-by-2032-with-CAGR-of-19-3-Exclusive-Study-by-TMR.html
MicroRNA Market
https://www.globenewswire.com/en/news-release/2023/03/30/2638271/0/en/MicroRNA-Market-Size-to-Reach-USD-15-5-Bn-by-2033-TMR-Study.html
๐๐ฏ๐ผ๐๐ ๐จ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐
Nikhil Sawlani
Transparency Market Research Inc.
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