Rising Investment in CGT Development Fuels Global Cell and Gene Therapy Manufacturing Services Market to $11.8 Billion by 2028 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Cell and Gene Therapy Manufacturing Services Market” report has been added to ResearchAndMarkets.com’s offering.

The global market for cell and gene therapy manufacturing services was estimated to be $4.9 billion in 2022 and is expected to increase to $11.8 billion by 2028, growing at a CAGR of 15.7%.

The cell and gene therapy manufacturing services market is segmented based on application, type, disease, end user, and region.

The scope of this study encompasses an investigation of cell and gene therapy manufacturing services. The report analyzes the manufacturing services based on therapy type, application, disease, and end user. The study determines the current market status in each segment, examines its impact on future markets, and presents growth forecasts over the next six years.

The recent report provides a detailed analysis of the market’s drivers, challenges, and opportunities. The report also covers market projections to 2028 and market share for key market players. The report includes the company profiles of the key players with detailed information about their business segments, financials, product portfolios, and recent developments. The report also provides the ESG perspective, emerging technologies, and investment outlook.

The pharmaceutical industry is changing and moving away from a one-size-fits-all approach to a targeted and personalized approach, in which patients’ own genetic information and immune systems are used to treat previously incurable diseases. Cell and gene therapies are different from the traditional biopharma products.

Cell and gene therapies (CGT) are a novel therapeutic modality for a range of chronic and age-related conditions. These provide a fundamental treatment option for disease conditions that do not have a cure or cannot be treated with conventional drugs. Initially, cell and gene therapies were highly explored for oncology. However, the research is expanding into other disease areas.

Demand for cell and gene therapies is high and there is a lot of R&D in this segment supported by huge investments and funding for CGTs. According to the Alliance for Regenerative Medicine 2022 report, CGT research raised nearly $19.9 billion in 2020, $22.7 billion in 2021 and $6.3 billion in the first half of 2022 (H1 2022) and overall investment of $12.6 billion. The number of clinical trials and regulatory approvals for cell and gene therapies will increase over the coming years. The FDA estimates that by 2025, it will approve 10-20 cell and gene therapy products per year, and it is forecasted that by 2030 there will be around 75 approved therapies.

Notably, even though awareness and demand are increasing, there is a lack of supply. This is mainly due to limited manufacturing capacity and complex supply chain. Hence, it is important that the organizations scale-up to meet the supply chain requirements. Also, due to stringent, expensive, and complex manufacturing processes, most of the small and medium sized pharma and biotech companies are engaging with contract development and manufacturing organizations (CDMO). This is a contributing factor to the growth of the CGT CDMO’s.

Increasing investments, capacity expansions for clinical and commercial manufacturing, increasing prevalence of chronic diseases and focus on rare diseases, and increased healthcare expenditure drive the cell and gene therapy manufacturing services market. Accelerated approvals in recent years, coupled with technological advancements (development of off-the-shelf products, automations, application of advanced gene editing techniques like CRISPR), will lower the complexities involved around manufacturing CGTs and will attract many pharma and biotech companies to enter the market, thus contributing to the market in the forecast period.

Report Includes

• 34 data tables and 18 additional tables
• An overview of the global cell and gene therapy manufacturing services market
• Analyses of global market trends, with data from 2020-2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
• Highlights of the market potential and quantification of market based on therapy type, application, disease, and end-user
• A look into current technologies underlying the market as well as the effects new technologies will have on the market
• Coverage of clinical trials pipeline, partnership between pharmaceutical companies, and Contract Development & Manufacturing Organization (CDMO)
• Insights into investments from multiple stakeholders, and discussion on increasing focus on personalized medicine for rare and chronic conditions
• Information on recent mergers, acquisitions, collaborations, agreements, product launches, and expansions in the market and a relevant patent analysis

Key Attributes:

Report Attribute	Details
No. of Pages	138
Forecast Period	2023 – 2028
Estimated Market Value (USD) in 2023	$5.7 Billion
Forecasted Market Value (USD) by 2028	$11.8 Billion
Compound Annual Growth Rate	15.7%
Regions Covered	Global

Market Dynamics

Drivers

• Increasing Investment and Funding for CGT Development
• Capacity Expansions for Clinical and Commercial Manufacturing
• Rising Prevalence of Chronic Diseases and Focus on Rare Diseases
• Increasing Strategic Collaborations and Acquisitions

Restraints

• Complex Manufacturing and Supply Chain
• Lack of Skilled Workforce
• Regulatory Hurdles

Company Profiles

• Catalent Inc.
• Cell and Gene Therapy Catapult
• Charles River Laboratories
• Fujifilm Diosynth Biotechnologies
• Lonza Group AG
• Merck KGaA
• Miltenyi Biotec
• Nikon Cell Innovation Co. Ltd.
• Takara Bio Inc.
• Thermo Fisher Scientific
• Wuxi Advanced Therapies

For more information about this report visit https://www.researchandmarkets.com/r/futsry

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