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Cell & Gene Therapy Manufacturing Services Market Trends

Report ID: GMI5689
Published Date: May 2023
Report Format: PDF

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Cell & Gene Therapy Manufacturing Services Market Trends

Increasing investments in cell and gene therapy, adoption of automation and digitalization to meet the growing demand for cell and gene therapy manufacturing services, and expansion of manufacturing capacity is beneficial for the market growth. There is a growing demand for cell and gene therapies, and this has led to an expansion of manufacturing capacity. Biopharmaceutical companies are investing in new manufacturing facilities, expanding existing facilities, and partnering with contract manufacturing organisations (CMOs) to meet the increasing demand for these therapies.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of cell and gene therapy manufacturing services crossed USD 4.8 billion in 2022 and could register over 19.9% CAGR between 2023 and 2032, owing to regulatory support, enhanced manufacturing technology and a surge in investments worldwide.

The cell segment holds the major share of cell and gene therapy manufacturing services industry, with increasing number of clinical trials and the need to provide advanced therapeutic products to a growing consumer base.

The oncology applications is expected to grow at over 20% CAGR during 2023-2032, due to factors such as need for personalized medicine and advancements in genetic engineering.

North America held over 46% share of cell and gene therapy manufacturing services market in 2022 and is growing at a steady pace, with the presence of a large number of CROs, increased spending on R&D and strong regulatory framework.