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The Asia Pacific (APAC) Cell and Gene Therapy Biomanufacturing Market is expected to grow at a CAGR of 17.88% from $1.96 Billion in 2022 to $8.60 Billion in 2031 in the forecasted period of 2022-2031. APAC cell and gene therapy biomanufacturing industry is expected to grow due in part to the increasing number of authorized treatments and growing infrastructural requirements. Extensive biomanufacturing capabilities are also required due to the expanding target indications for gene and cell treatments. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Market Introduction
The industry for cell and gene therapy biomanufacturing in Asia-Pacific (APAC) is about to undergo a period of rapid expansion and change. This area is set to become a center for state-of-the-art biomanufacturing due to the rise of authorized medicines and the rising requirements for infrastructure. A significant need for large-scale biomanufacturing facilities in Asia-Pacific is being driven by the broadening range of target indications for gene and cell therapies. The APAC market for cell and gene therapy biomanufacturing is growing as a result of continued investment in this area by governments, pharmaceutical corporations, and academic organizations, which is helping to develop novel and perhaps life-saving medical therapies. In addition to seeing the creation of cutting-edge treatments, this area is essential to the world's biomanufacturing industry.Market Segmentation:
Segmentation 1: by Product Type
- Consumables
- Equipment
- Software Solutions
Segmentation 2: by End User
- Life Science Companies
- Contract Research Organizations (CROs)
- Contract Manufacturing Organizations (CMOs)
- Cell Banks
Segmentation 3: by Country
- China
- Japan
- India
- South Korea
- Australia/New Zealand
- Rest-of-Asia-Pacific
Demand - Drivers and Limitations
The following are the drivers for the Asia-Pacific Cell and Gene Therapy Biomanufacturing Market:
- Expansion in Target Indications for Cell and Gene Therapies Creating a Demand for Large-Scale Biomanufacturing
- Entry of New Market Participants in Cell and Gene Therapies Driving the Demand for Biomanufacturing Facilities and Equipment
- Robust Clinical Pipeline Creating a Demand for Biomanufacturing Infrastructure
The market is expected to face some limitations as well due to the following challenges:
- High Set-Up Cost of Biomanufacturing Facilities
How can this report add value to an organization?
Workflow/Innovation Strategy: The APAC cell and gene therapy biomanufacturing market (by product type) has been segmented into consumables, equipment, and software solutions.Growth/Marketing Strategy: Cell and gene therapy biomanufacturing is being used for upstream processing, harvesting, downstream processing, and other applications. Various companies are providing consumables and equipment aid in the manufacturing of various cell and gene therapies, which is also the key strategy for market players to excel in the current cell and gene therapy biomanufacturing market.
Competitive Strategy: Key players in the APAC cell and gene therapy biomanufacturing market have been analyzed and profiled in the study, including manufacturers involved in new product launches, acquisitions, expansions, and strategic collaborations. Moreover, a detailed competitive benchmarking of the players operating in the APAC cell and gene therapy biomanufacturing market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.Some of the prominent names established in this market are:
- WuXi AppTec
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Table of Contents
1 Markets
2 Asia-Pacific
3 Markets - Competitive Benchmarking and Company Profiles
List of Figures
List of Tables
Executive Summary
The Asia-Pacific cell and gene therapy biomanufacturing market is estimated to reach $8.60 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 17.88% during the forecast period 2022-2031.The Asia-Pacific region is the fastest-growing region for the global cell and gene therapy biomanufacturing market due to the robust clinical pipeline, rising number of cell and gene therapy developers, and growing incidence of target indication groups.
The Asia-Pacific Cell and Gene Therapy Biomanufacturing Market: Drivers and Challenges
In conjunction with the ongoing efforts in the U.S. and Europe, cell and gene therapy research has become an increasingly active and global initiative in Asia-Pacific. With a large geographic area and substantial ethnic and cultural diversity, the region has become a focus area for a growing number of cell and gene therapies.Another factor that is driving the cell and gene therapy market is the rising incidence of hematologic malignancies in the region.
However, the high cost of setting up the biomanufacturing facilities is expected to hinder the growth of the Asia-Pacific cell and gene therapy biomanufacturing market.
USPs of report
- The major USP of the report is the inclusion of software solutions along with the consumables and equipment required for the manufacturing of cell and gene therapy.
- The report provides numerical projections for the product type as well as end user
- The report also comprises key regulations, competitive landscape, key drivers and restraints, patent analysis, business model analysis, and company profiles with a detailed analysis of the strategies undertaken by the major company to strengthen its market presence.
Analyst’s Perspective on Asia-Pacific Cell and Gene Therapy Biomanufacturing Market
The Principal Analyst states, 'The cell and gene therapy biomanufacturing market is strongly driven by the rising incidence of target diseases such as orphan diseases, cancers, metabolic disorders, and autoimmune disorders, among others, as well as the increasing approval of cell and gene therapies. The cell and gene therapy biomanufacturing market has witnessed a steady growth in the number of new entrants and investments in cell and gene therapy, thereby driving a surge in demand for the consumables, equipment, and software solutions required in the manufacturing of these therapies. This trend is also expected to continue over the forecast period. Therefore, the impact of the aforementioned factors is expected to drive the cell and gene therapy biomanufacturing market in the near future.'Key Questions Answered in the Report
- What are the key trends influencing the Asia-Pacific cell and gene therapy biomanufacturing market, and what is their potential for impacting the market?
- What are the key differences in equipment offered by key players?
- Who are the major end users for the cell and gene therapy biomanufacturing market? Which end user held the largest share of the market in 2021?
- Who are the key players in the Asia-Pacific cell and gene therapy biomanufacturing market, and what are their product offerings in the market?
Companies Mentioned
- WuXi AppTec
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 108 |
Published | November 2023 |
Forecast Period | 2022 - 2031 |
Estimated Market Value ( USD | $ 1.96 Billion |
Forecasted Market Value ( USD | $ 8.6 Billion |
Compound Annual Growth Rate | 17.8% |
Regions Covered | Asia Pacific |