PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577005
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577005
The Global Cell & Gene Therapy Manufacturing Services Market, worth USD 5.9 billion in 2023, will expand to an 18.9% CAGR from 2024 to 2032, driven by advancements in cell and gene therapies and the growing number of clinical trials. Innovations in gene editing and cell-based treatments are expanding therapeutic possibilities, increasing demand for specialized manufacturing. Additionally, the rise in clinical trials for new therapies amplifies the need for scalable and compliant manufacturing solutions. This combination of technological progress and active clinical research will boost market growth and drive the demand for advanced manufacturing services.
The overall cell & gene therapy manufacturing services industry is segregated based on type, indication, mode, end use r, and region.
The cell therapy segment captured a 60.6% share in 2023 and will grow at an 18.6% CAGR through 2032, spurred by its widespread application and ongoing advancements. As cell therapies, including CAR-T and stem cell treatments, gain traction in treating various conditions, the demand for specialized manufacturing services increases. The complexity and customization required for cell therapies drive the need for sophisticated manufacturing processes. With continuous innovation and a growing number of clinical applications, the cell therapy segment will lead the market.
The contract manufacturing segment will reach USD 21.3 billion by 2032, attributed to its cost-effectiveness and expertise. Contract manufacturing organizations (CMOs) offer specialized services that address the complex and scalable needs of cell and gene therapies, from production to quality control. Their ability to provide advanced technologies and regulatory compliance, along with the flexibility to scale operations, makes them essential partners for therapy developers. As demand for these therapies grows, the contract manufacturing segment will dominate the market.
North America will register an 18.1% CAGR through 2032 due to its advanced healthcare infrastructure, significant investments in biotechnology, and a high concentration of leading pharmaceutical and biotech companies. The region's robust regulatory environment and strong research and development capabilities further bolster its position. As the demand for cutting-edge therapies grows, North America's established expertise and resources make it a crucial contributor to the global cell & gene therapy manufacturing services market.