Press release
Cell & Gene Therapy Manufacturing Services Market: Tremendous Growth Awaiting with a CAGR of 17.4% from 2024 to 2029
Cell & Gene Therapy Manufacturing Services Market Size
What Is The Projected Market Size Of The Global Cell & Gene Therapy Manufacturing Services Market And Its Growth Rate?
The global cell & gene therapy manufacturing services market is poised for considerable growth:
• Expected to grow from $8.15 billion in 2024 to $9.46 billion in 2025 (CAGR of 16.1%)
• Predicted to reach $17.97 billion in 2029 (CAGR of 17.4%)
Factors such as market maturation, commercialization, global expansion of biopharmaceutical manufacturing, and advancements in automation contribute to this growth.
What Is Driving The Growth In The Cell & Gene Therapy Manufacturing Services Market?
The growth of the cell and gene therapy manufacturing services market is primarily driven by the high incidence of cancer and other target diseases. With rising cases, new treatment strategies such as cell and gene therapies are emerging to combat these growing diseases. In particular, the increased cases of cancer from 1,898,160 in 2021 to 1,958,310 in 2023, representing a growth of 3.16%, is pushing the demand for these innovative therapy services.
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Who Are the Key Players Driving Cell & Gene Therapy Manufacturing Services Market Growth?
Significant players driving the market growth include:
• Thermo Fisher Scientific Inc.
• Merck KGaA
• Charles River Laboratories International Inc.
• Lonza Group AG
• Catalent Inc.
• WuXi AppTec
• Takara Bio Inc.
• Nikon Corporation
• Fujifilm Holdings Corporation
• F. Hoffmann-La Roche Ltd, and others.
What Are The Key Trends In The Cell & Gene Therapy Manufacturing Services Market?
Key progression in the market include:
• Rising demand for energy efficiency
• Advancements in materials and technologies
• Evolved compact and modular designs
• Electrification of transportation
• Focus on safety and reliability
What Are The Segments Of The Global Cell & Gene Therapy Manufacturing Services Market?
The market report covers segments by:
1) Type: Gene Therapy, Cell Therapy
2) Indication: Central Nervous System Disorders, Ophthalmology Diseases, Cardiovascular Diseases, Infectious Diseases, Orthopedic Diseases, Oncology Diseases
3) Application: Commercial Manufacturing, Clinical Manufacturing
4) End-user: Academic And Research Institutes, Pharmaceutical And Biotechnology Companies, Other End-Users
Which Region Leads The Cell & Gene Therapy Manufacturing Services Market?
North America was the largest region in 2024, with Asia-Pacific expected to be the fastest-growing in the market. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cell & Gene Therapy Manufacturing Services Market Global Market Report?
- Market Size Analysis: Analyze the Cell & Gene Therapy Manufacturing Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cell & Gene Therapy Manufacturing Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cell & Gene Therapy Manufacturing Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cell & Gene Therapy Manufacturing Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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