Cell Therapy Packaging Market Thriving Expected to Reach $1.2 Billion by 2035

Cell Therapy Packaging Products and Services Market worth $ 1.25 Billion by 2030 - Exclusive Report by Insight Analytics

Insight Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Cell Therapy Packaging Products and Services Market- by Therapy (T-cell Therapies, Dendritic Cell Vaccines, Stem Cell Therapies, NK Cell Therapies and Other ATMPs), Package Engineering Design (Primary Packaging and Secondary Packaging), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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As per the most recent study conducted by Insight Analytics, the global market for Cell Therapy Packaging Products and Services was estimated to be worth US$ 241.55 million in 2021. With a compound annual growth rate of 20.32 per cent from 2022 to 2030, it is predicted to reach US$ 1.25 billion. Different chronic diseases can be treated using cell therapy by changing genetic material. Gene and cell therapy has become the most significant medical advancement in recent years.

Biopharmaceutical companies invest in developing innovative, flexible "patient-centred medicines" and modernisation of supply chains. When exposed to high temperatures and mechanical pressures, packaging components used in cell and gene therapy must maintain closure integrity, product stability, and convenient product access. The growing need for cell therapies, advancements in packaging and labelling, and the high incidence of cancer conditions primarily drive the market for cell therapy packaging goods and services.

Modern medical technology, the growing tendency of outsourcing in the healthcare industry, and service providers' ongoing efforts to extend their portfolios all contribute to the market for cell therapy packaging products and services. Essential companies are expected to invest more in developing novel medications and state-of-the-art packaging technologies over the projected future. The high manufacturing equipment costs, lack of defined therapy regimens, and operational complexity impede this market's growth.

With more people becoming aware of cell and gene therapies, more government funding going toward the research and development of these treatments, more stringent regulations, and a rise in the prevalence of chronic illnesses in people, North America is expected to play a more significant role in the market for cell therapy packaging products and services over time. Furthermore, the usage of new technologies and the growing cell therapy manufacturing sectors will likely drive considerable growth in the Europe Cell Therapy Packaging Products and Services market during the forecast period. Strict restrictions and advancements in the biopharmaceutical industry also expand the market.

Major market players operating in the Cell Therapy Packaging Products and Services market include

Almac, Catalent Pharma Solutions, Cryoport Systems, Core Cryolab Inc., Yourway, Lufthansa Cargo, Saint-Gobain Life Sciences, Thermo Fisher Scientific, Sharp, West Pharmaceutical Services, Chart Industries Inc., and Other Prominent Players.

Recent collaborations and agreements in the market:

• In February 2022, Developers of cell and gene therapies now have access to Thermo Fisher Scientific's brand-new integrated commercial packaging and distribution capabilities, which are intended to help patients in the US and EU make a smooth transition from the clinic to the commercial launch. To support the logistical plans of developers, Patheon Commercial Packaging Services for Cell and Gene Therapies (CGT) offers an end-to-end solution that includes GMP storage, serialization, ultracold and cryogenic packaging, and global distribution.

• In February 2020, Steps to reduce labelling times for gene therapy were reported by Almac and Pfizer. The multinational contract pharmaceutical research and manufacturing company Almac Group increased its US commercial packaging capabilities at its site in Audubon, Pennsylvania, in April 2018.

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Market Segments
Global Cell Therapy Packaging Products and Services Market, by Therapy, 2022-2030 (Value US$ Mn)
• T-cell Therapies
• Dendritic Cell Vaccines
• Stem Cell Therapies
• NK Cell Therapies
• Other ATMPs

Global Cell Therapy Packaging Products and Services Market, by Package Engineering Design, 2022-2030 (Value US$ Mn)
• Primary Packaging
• Secondary Packaging

Global Cell Therapy Packaging Products and Services Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Cell Therapy Packaging Products and Services Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Cell Therapy Packaging Products and Services Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Cell Therapy Packaging Products and Services Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Cell Therapy Packaging Products and Services Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Cell Therapy Packaging Products and Services Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Cell Therapy Packaging Products and Services market
 To receive an industry overview and future trends in the Cell Therapy Packaging Products and Services market
 To analyze the Cell Therapy Packaging Products and Services market drivers and challenges
 To get information on the Cell Therapy Packaging Products and Services market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Cell Therapy Packaging Products and Services market industry

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