NEW YORK, Jan. 20, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Allogeneic Cell Therapy Manufacturing Market Trends, Industry Competition Analysis, Revenue, and Forecast to 2030."
According to the latest market research study, the global allogeneic cell therapy manufacturing market is valued at US$ 869.6 million, and it is expected to reach US$ 3424.1 million by 2030 with a CAGR of 17% during a forecast period.
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Allogeneic cell therapy products are producing stimulating pre-clinical and clinical results. Allogeneic cell therapies are created using healthy cells from unrelated donors, and these therapies rely on a single source of cells to treat large group patients. It is a procedure in which patient receives healthy cells (stem cells) from a donor to replace their own damaged or destroyed cells.
Multiple factors such as the rising burden of chronic diseases such as cancer, diabetes, and cardiovascular diseases, increasing government funding for stem cell therapies, growing elderly population, developing healthcare infrastructure, advancements in technologies, rising public, and awareness about the benefits of allogeneic cell therapies are anticipated to fuel the demand for allogeneic cell therapy manufacturing market during the forecast period. Many pharma companies are launching allogeneic cell therapies to treat patients with chronic diseases. For instance, in March 2021, Adicet Bio, Inc., a biotechnology company developing allogeneic gamma delta T cell therapies for cancer and other diseases, began its First-in-Human Phase I clinical trial evaluating ADI-001 for the treatment of B cell non-Hodgkin's lymphoma (NHL). ADI-001 is an investigational first-in-class allogeneic gamma delta T cell therapy that expresses a chimeric antigen receptor (CAR) targeting CD20, produced to potentially increase selective tumor targeting and aid adaptive and innate anti-tumor immune response, and improve persistence for strong activity in patients. Owing to the increasing demand for cost-effective and efficient cell & gene therapies, outsourcing contract research organizations (CROs) have expanded the bioassay services, thereby boosting market growth opportunities in the near future.
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However, the high developmental investments and the immune rejection issues may inhibit the growth of the global allogeneic cell therapy manufacturing market in the upcoming years.
North America is projected to dominate this market over the forecast period (2019-2030), followed by Europe and Asia-Pacific, due to the growing R&D investments in cell therapy research, high prevalence of chronic diseases, and quick adoption of advanced technologies.
Major market players operating in the allogeneic cell therapy manufacturing market include Lonza Group, KBI Biopharma, Inc., Waisman Biomanufacturing, Cell, and Gene Therapy Catapult, Thermo Fisher Scientific, Inc., Merck KGaA, Catalent Inc., Oxford Biomedica Plc, Fujifilm Cellular Dynamics, Inc., Wuxi Apptec, Charles River Laboratories International, Inc., The Discovery Labs LLC, ABL, Inc., BioCentriq, Commercializing Living Therapies, and Other Prominent Player among others.
Some significant developments in the market:
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Market Segments
Global Allogeneic Cell Therapy Manufacturing Market, by Product, 2019-2030 (Value US$ Mn)
Global Allogeneic Cell Therapy Manufacturing Market, by By Scale of Operation, 2019-2030 (Value US$ Mn)
Global Allogeneic Cell Therapy Manufacturing Market, by Region, 2019-2030 (Value US$ Mn)
North America Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)
Europe Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)
Asia Pacific Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)
Latin America Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)
Middle East & Africa Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)
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Other Related Reports Published by InsightAce Analytic:
Global Immuno-Oncology Cell Therapy Market
Global Allogeneic Cell Therapies Market
Global CAR T-Cell Therapy For Multiple Myeloma Market
Global CD Targeted Cell Therapy Market
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