Future Market Insights (FMI) has unveiled a groundbreaking forecast for the global cell and gene therapy manufacturing market, predicting an extraordinary growth trajectory over the next decade. The report reveals a remarkable Compound Annual Growth Rate (CAGR) of 29% from 2023 to 2033, underscoring the market’s dynamic expansion and its significant impact on the healthcare industry.
In 2023, the global cell and gene therapy manufacturing market reached an estimated USD 19.3 billion, with projections indicating a staggering rise to approximately USD 240 billion by 2033. This robust growth reflects a period of substantial advancement, following a solid CAGR of around 22% between 2018 and 2022.
Among the key insights, the cell therapy manufacturing sector is poised to become the highest revenue-generating segment, anticipated to achieve a remarkable CAGR of 31.8% from 2023 to 2033. This surge is largely driven by the increasing incidence of cancer and other critical diseases, coupled with heightened research and development investments by pharmaceutical companies.
Sabyasachi Ghosh, Associate Vice President at Future Market Insights, Inc., commented on the findings, stating, “The impressive growth projections for the cell and gene therapy manufacturing industry highlight the transformative impact of advanced medical technologies. Our dedication to pioneering innovations and maintaining leadership in this dynamic sector positions us to both contribute to and benefit from this unprecedented growth.”
The surge in the adoption of cell and gene therapies for a range of diseases is further propelling demand for advanced manufacturing technologies. The industry is witnessing a surge in interest and investment, driven by advancements in immunotherapy, gene transfer, and oncolytic virotherapy—all pivotal in cancer treatment. With projections estimating that over 50 million people will be diagnosed with cancer within the next five years, the reliance on gene therapy is expected to intensify, fueling continued market expansion.
As the global cell and gene therapy manufacturing market evolves, it presents compelling opportunities for collaboration, innovation, and the development of life-changing therapies. This promising outlook marks a new era of growth and advancement in the field of medical technology.
Report Highlights:
Breast cancer has significantly suppressed lung cancer, by being one of the most commonly diagnosed cancers worldwide. For the first time, owing to its high incidence in low- and middle-income nations. Because cancer is one of the most complex diseases, cell and gene therapy is one of the fields with a significant opportunity for cancer treatment.
Aging populations and socioeconomic risk factors are two of the most common causes of cancer cases worldwide. Breast cancer is also one of every four cancers diagnosed in women worldwide, according to the same source.
GLOBOCAN 2020 has been revised by the International Agency for Research on Cancer (IARC), which reveals that the worldwide cancer burden has increased to 19.3 million cases and 10 million cancer deaths in 2020.
Cell and Gene Therapy Manufacturing in Demand: Check Out Our Full Report for a Complete Overview of the Trends and Insights!
Competitive Landscape:
The surging interest of key public and private investors in the development of advanced therapies are expected to boost market revenue during the forecast period. In addition, key firms are enhancing their market presence through strategic activities such as mergers and acquisitions, licensing, and partnerships.
Key Companies Profiled:
- Thermo Fisher Scientific
- Merck KGaA
- Lonza
- Catalent Inc.
- Takara Bio Inc.
- F. Hoffmann-La Roche Ltd
- Wuxi Advanced Therapies
- Samsung Biologics
- Boehringer Ingelheim
- Novartis AG
- Hitachi Chemical Co., Ltd.
- Cellular Therapeutics
- Miltenyi Biotec
- Bluebird Bio Inc.
Segments Covered in Cell and Gene Therapy Manufacturing Market Analysis:
By Therapy Type:
- Cell Therapy Manufacturing
- Stem Cell Therapy
- Non-Stem Cell Therapy
- Gene Therapy Manufacturing
By Scale:
- Pre-commercial/ R&D Manufacturing
- Commercial Scale Manufacturing
By Mode:
- Contract Manufacturing
- In-house Manufacturing
By Workflow:
- Cell Processing
- Cell Banking
- Process Development
- Fill & Finish Operations
- Analytical And Quality Testing
- Raw Material Testing
- Vector Production
- Other Workflows
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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