Press release
Cell Therapy Packaging Products and Services Market: A $1.25 Billion Opportunity by 2030, Fueled by Innovation in Biopharmaceuticals.
Cell Therapy Packaging Products and Services Market
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According to the latest research by Insight Analytics, the global Cell Therapy Packaging Products and Services market was valued at US$ 241.55 Million in 2021. It is expected to reach US$ 1.25 Billion by 2030, with a CAGR of 20.32 % during a forecast period of 2022-2030.
Cell therapy aims to alter genetic material to treat various chronic diseases. The most important medical development in recent years is cell and gene therapy. Companies in the biopharmaceutical industry are making investments in supply chain modernization and the creation of new, adaptable "patient-centred medicines. Packaging items used in cell and gene therapy must preserve closure integrity, product stability, and easy access to the product while remaining effective under extreme heat and mechanical pressures.
The rising need for cell therapies, improvements in packaging and labelling, and the high prevalence of cancer disorders are the main factors driving the market for cell therapy packaging products and services. The cell therapy packaging products and services market is also being aided by cutting-edge medical technology, the expanding trend of outsourcing in the healthcare sector, and the continued efforts of service providers to enhance their portfolios further. Over the projected period, it is anticipated that critical companies will increase their investments in creating innovative medicines and cutting-edge packaging technologies. This market's development is constrained by the high cost of manufacturing equipment, the absence of standardized therapy protocols, and the complexity of operations.
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North America is anticipated to contribute to the Cell Therapy Packaging Products and Services market over the years due to increased public knowledge of cell and gene therapies, more significant government funding for the study and development of cell therapies, tighter restrictions, and an increase in the prevalence of chronic diseases in humans. In addition, the Europe Cell Therapy Packaging Products and Services market is expected to grow significantly during the forecast period due to the use of new technology and the expanding cell therapy manufacturing sectors. Additionally, the market is expanding due to strict regulations and developments in the biopharmaceutical industry.
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
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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