Cell and Gene Therapy Manufacturing Market Overview
The cell and gene therapy manufacturing market was estimated to be USD 6,659.93 million in 2020 and is poised to grow at a CAGR of 28.32% by 2026 to reach USD 11,739.75 million. The factors driving the market growth include technological advancements, rising investments in R&D, and the growing prevalence of target diseases. Diseases such as cystic fibrosis, cancer, heart diseases, diabetes, AIDS, and hemophilia can be cured by gene therapy treatment. Gene therapy is usually used to correct the defective gene to cure a specific disease or helps the body better fight against the diseases.
Impact of COVID-19 in Cell and Gene Therapy Manufacturing Market
The COVID-19 pandemic is expected to have a positive effect on the gene therapy market. Gene and cell therapy technology is expected to be used extensively in the development of vaccines used to treat COVID-19. For instance, in January 2021, vaccine candidates developed by Mass General Brigham and made by utilizing gene-therapy technology elicited strong immune responses in animal models for the treatment of COVID-19. The vaccine candidate was named AAVCOVID, and the researchers received a USD 2.1 million grant to further develop the technology from the Bill & Melinda Gates Foundation.
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Cell and Gene Therapy Manufacturing Market – Geographical Overview
North America accounted for the largest share in the gene therapy market
For gene therapy, in the United States, the DHHS (Department of Health and Human Services) has been appointed to oversee clinical trials. Two other separate organizations within DHHS, the U.S. FDA (Food and Drug Administration) and the OHRP (Office for Human Research Protections) have authority that is described in the CFR (Code of Federal Regulations). Gene therapy technologies are being given increasing approval by the aforementioned organizations, which is expected to drive market growth.
Key Highlights of the Cell and Gene Therapy Manufacturing Market
List of Key Players in the Cell and Gene Therapy Manufacturing Market
*List Not Exhaustive
Related Reports & Links
Mordor Intelligence has segmented the global cell and gene therapy manufacturing market on the basis of Indication, Technology, and Geography:
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