Cell Therapy CDMO Market Size, Share, and Analysis, By Type (Stem Cell and Non-Stem Cell), By Application (Commercial and Academic Research), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Cell Therapy CDMO Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 5.9 billion and is projected to reach USD 55.8 billion by the completion of 2034.
Cell Therapy CDMO stands for Contract Development and Manufacturing Organization and offers services for the development and manufacturing of cell-based therapies. These treatments use living cells to cure or stop illnesses. CDMOs provide various services such as the development of operations, producing clinical trial materials, and manufacturing for commercial purposes. In addition, they are important for transforming laboratory findings into clinical products, thus ensuring scalability, quality control, and regulatory compliance. This collaboration allows biotech and pharmaceutical firms to focus on innovation and exploration by using the production and logistics proficiency of CDMOs to accelerate the development and accessibility of advanced cell therapies.
MARKET HIGHLIGHTS
Cell Therapy CDMO Market is projected to reach USD 55.8 billion over the forecast period, due to an increase in the demand for cell-based therapies for cancer, genetic disorders, and chronic diseases. The growth in the market is attributed to the progress in biotechnology, along with high investments and a positive regulatory ecosystem. Additionally, major stakeholders are forming strategic partnerships, making acquisitions, and implementing technological developments to improve their capabilities. Moreover, several factors are driving this positive trend, such as an increase in clinical trials and the demand for GMP-compliant manufacturing solutions. Besides, the competitive atmosphere in the market includes well-known companies and upcoming market players who are working to address the demand for advanced cell therapy production services.
Cell Therapy CDMO Market Segments:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook