Press release
Cell and Gene Therapy Bioassay Services Market Current Scenario with Future Trends Analysis to 2031
The Cell and Gene Therapy Bioassay Services Market Size is valued at 1.84 Billion in 2022 and is predicted to reach 5.64 Billion by the year 2030 at a 15.3 % CAGR during the forecast period for 2023-2030.
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Cell and gene therapies entail the removal of protein, cells, or genetic material from a patient or donor and modifying the material to provide a highly personalized or targeted treatment. These medications can address complex and uncommon diseases while offering longer-term benefits than conventional treatments. Consequently, the necessity for various contract research organizations that provide bioassay services for cell and gene therapies has increased over time. Various factors, including the increasing demand for sophisticated medical treatments, the increasing prevalence of cancer and other chronic diseases, and the advancements in genomics technology methodologies predominantly drive the market expansion.
Over the forecast period, the demand for bioassay services is anticipated to be driven by the expansion of government investment in the research and development of new cell and gene therapies and the growing demand for personalized medicines. Contract research organizations (CROs) have expanded their bioassay services in response to the increasing demand for cost-effective and efficient cell and gene therapies, which will generate market development potential shortly. Numerous contract research firms have emerged, asserting that they offer bioassay services for cell and gene therapies as the demand for outsourcing bioanalytical services increases.
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Nevertheless, the global cell and gene therapy bioassay services market's expansion in the coming years may be constrained by the exorbitant cost of bioassay services. Due to the growing number of cell and gene therapy product launches and the increased R&D activity in biopharma businesses to develop cell and gene treatments, North America is expected to be the primary contributor to the Cell and Gene Therapy Bioassay Services Market. Furthermore, the Asia Pacific regional market is anticipated to experience substantial development due to the growing older population, the high prevalence of chronic diseases and genetic abnormalities, the growing demand for personalized treatments, and technological advancements.
Major market players operating in the Cell and Gene Therapy Bioassay Services Market include AnaBioTec (Belgium), CCRM (Canada), Nexelis (Canada), Pacific BioLabs (US), PPD Laboratories (North Carolina), Intertek Pharmaceutical Services (UK), Lonza (Switzerland), Porton Biopharma Ltd (UK), WuXi Advanced Therapies (US), Avomeen (US), Charles River Laboratories (US), Absorption Systems (US), BioAgilytix Labs (US), Catalent, Inc (US), Svar Life Science AB (Sweden), and others.
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Recent collaborations and agreements in the market:
• In December 2021, Mediphage Bioceuticals, Inc. was acquired by CCRM Enterprises Inc., the company's venture capital subsidiary. The investment by CCRM Enterprises will be used to finance the development and administration of the technology, as well as to gain access to CCRM's scientific and industrial knowledge. Mediphage is currently focused on the development of a non-viral gene therapy platform that will facilitate the development of individualized genetic treatments that are both safe and effective. This platform will also address numerous deficiencies of current viral vector-based technologies.
• In April 2021, AavantiBio (US), In order to facilitate the development and production of AavantiBio's gene therapies, a gene therapy company and Catalent (US), a supplier of drugs, cells, and gene therapies, entered into a partnership.
Market Segments
Global Cell and Gene Therapy Bioassay Services Market, by Scale of Operation, 2022-2030 (Value US$ Mn)
• Discovery
• Preclinical
• Clinical
Global Cell and Gene Therapy Bioassay Services Market, by Type of Therapy, 2022-2030 (Value US$ Mn)
• Cell Therapy
• Gene Therapy
Global Cell and Gene Therapy Bioassay Services Market, by Therapeutic Area, 2022-2030 (Value US$ Mn)
• Oncological
• Infectious
• Autoimmune
• Rare / Genetic
• Cardiovascular
• Metabolic
• Blood
• Neurological
• Ophthalmic Disorders
• Other Therapeutic Areas
Global Cell and Gene Therapy Bioassay Services Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Cell and Gene Therapy Bioassay Services Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Cell and Gene Therapy Bioassay Services Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Cell and Gene Therapy Bioassay Services Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Cell and Gene Therapy Bioassay Services Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Cell and Gene Therapy Bioassay Services Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
> To obtain a thorough examination of the global Cell and Gene Therapy Bioassay Services Market's prospective
> To obtain an industry overview and future trends of the Cell and Gene Therapy Bioassay Services Market
> To conduct an analysis of the drivers and challenges of the Cell and Gene Therapy Bioassay Services Market
> To obtain information regarding the Cell and Gene Therapy Bioassay Services Market value (US$ Mn) forecast through 2030
> The Cell and Gene Therapy Bioassay Services Market industry has experienced substantial investments, mergers, and acquisitions.
Details insights on this market: https://www.insightaceanalytic.com/report/global-cell-and-gene-therapy-bioassay-services-market/1208
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