Cell therapy technologies market forecasted to transform from USD 4.2 billion in 2023 to USD 7.8 billion by 2028, driven by a CAGR of 13.3%. The market is driven by rising government and private investments in cell-based research, the increasing incidence of chronic and infectious diseases, and the growing focus on personalized medicine. Key players such as Thermo Fisher Scientific, Merck KGaA, Lonza, Sartorius AG, and Danaher dominate the industry, making it challenging for smaller entrants. The market is segmented by product types, cell types, processes, and end-users, with biopharmaceutical and biotechnology companies leading the end-user segment. North America holds the largest market share due to the presence of major industry players and strong government support for research. Recent collaborations, such as those between Thermo Fisher and Arsenal Biosciences, and Danaher with the University of Pennsylvania, are driving innovation in manufacturing processes for cell therapies.
Cell Therapy Technologies Market Dynamics
DRIVER: Rising incidence of chronic and infectious diseases
Cell therapy plays a crucial role in providing diagnostic and prognostic information for various diseases, including HIV/AIDS, cancer, and infectious diseases. Through innovative cellular-based approaches, it enables researchers and healthcare professionals to gain insights into disease mechanisms, disease progression, and treatment responses. The global population growth, climate change, and increased interaction between humans and animals have created an environment where the emergence of new virus outbreaks is more likely. Cell therapy research and applications are vital in addressing these challenges by providing advanced diagnostic tools, therapeutic interventions, and a deeper understanding of disease mechanisms.
RESTRAINT: High cost of cell-based research and low success rate
Cell biology research focuses on developing new therapies like stem cell and gene therapies. To obtain accurate results, high-quality instruments, reagents, and related products are essential. However, meeting regulatory guidelines and maintaining stringent quality standards in cell biology research incurs high costs. This poses a challenge for institutes and small-scale companies with limited budgets, as they may struggle to afford expensive research products.
OPPORTUNITY: Increased focus on personalized medicine
Precision medicine is an evolving approach to disease treatment and prevention that considers individual differences in genes, environment, and lifestyle. It involves tailoring drug selection to each patient based on their specific condition and medical history. While its application expands to various diseases, oncology has made notable progress in precision medicine. This personalized approach to diagnosis, treatment, and prevention utilizes comprehensive patient information, including genetics, environment, and lifestyle, to make more accurate decisions.
CHALLENGE: Survival of small players and new entrants
Small players and new entrants in the market face a significant challenge in terms of survival. Such as Thermo Fisher Scientific (US), Merck KGaA (Germany), Lonza (Switzerland), Sartorius AG (Germany), and Danaher (US) account for a major share of the market. This makes it challenging for smaller players and new entrants to compete effectively. Additionally, the market demands substantial investments in research and development (R&D) and the launch of innovative products, creating difficulties for smaller players to sustain their operations and compete with established players that have substantial R&D budgets.
The process segment dominated the cell therapy technologies industry in 2022.
Based on process, the global cell therapy technologies market is segmented into cell processing cell preservation, distribution and handling, process monitoring and quality control. Cell processing segment dominated process segment in 2022. Availability and launch of technologically advanced cell processing equipment is likely to contribute to the growth of the segment.
The biopharmaceutical & biotechnology companies segment accounted for the segment dominated cell therapy technologies industry in 2022.
Based on end users, the cell therapy technologies market is segmented into biopharmaceutical & biotechnology companies, CRO’s & CMOs, research institutes and cell banks. In 2022, biopharmaceutical and biotechnology companies held dominant share owing to various factors such as increased investment in development of cell based therapies. Rising research institutes and biopharma companies collaborations is further anticipated to drive the growth of the segment at faster pace.
North America held a dominant share in the regional market for the cell therapy technologies industry in 2022.
Geographically, the cell therapy technologies markets are segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2022, North America accounted for the largest share of the market, followed by Europe & Asia Pacific. The region's dominant position can be attributed to several key factors such as presence of leading market players and increased government investments in cell-based research.
Key players in the cell therapy technologies market include Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), Becton, Dickinson, and Company (US), Lonza Group (Switzerland), Sartorius AG (Germany) and among others.
Recent Developments of Cell Therapy Technologies Industry:
- In March 2023, Thermo fisher scientific Inc. entered into collaboration with Arsenal biosciences Inc. The collaboration allows development of manufacturing process for new cancer treatments. This research and process development-focused collaboration has enabled ArsenalBio to develop a robust manufacturing process for their next-generation, programmable autologous T cells for the treatment of cancer.
- In March 2023, Danaher entered into partnership with the University of pennsylvania's center for cellular immunotherapies to solve manufacturing difficulties that are affecting the adoption of cell therapies.
- In March 2023, Lonza and Vertex have entered a strategic collaboration to facilitate the manufacturing of Vertex's portfolio of investigational stem cell-derived islet cell therapies. As part of the collaboration, Vertex and Lonza will establish a dedicated manufacturing facility specifically for T1D cell therapies.
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