Published On: Jan 2023
Published On: Jan 2023
At 29.6% CAGR, the Asia Pacific GMP Cell Therapy Consumables Market is projected to be worth US$ 9,093.86 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific GMP cell therapy consumables market was valued at US$ 1,918.28 million in 2022 and is expected to reach US$ 9,093.86 million by 2028, registering a CAGR of 29.6% from 2022 to 2028. Growing regulatory approvals for cell and gene therapy product and increase in strategic collaborations are the critical factors attributed to the Asia Pacific GMP cell therapy consumables market expansion.
Cell therapies are constantly evolving, improving, and providing new treatment options for various disorders, such as cancer, autoimmune disorders, and neurological disorders. Immunotherapy is a new approach for cancer treatment. Cell therapies are currently being evaluated in clinical trials for various cancer types, separately and combined with other treatments. Additionally, the cellular immunotherapy targets that are being evaluated in clinical trials, new immunotherapy approaches are also being developed constantly, which is investigated through clinical trials. Since 2017, FDA approved about six chimeric antigen receptor (CAR) T-cell therapies for the treatment of blood cancer, including lymphomas, some leukemia forms, and multiple myeloma. More than 500 CAR-T and 17 chimeric antigen receptor natural killer (CAR-NK) cell trials are currently being conducted across the world, including the four CAR-T cell products—Yescarta, Tecartus, Kymriah, and Breyanzi that are already available in the market.
Moreover, academic cell GMP facilities are important for advancing immunotherapy. Hospitals and academic research institutions are the main drivers for scientific innovation and early-stage product development. Pharmaceutical companies depend majorly on hospitals and clinics for the availability of required patients to perform clinical trials using novel products and consumables. Additionally, several academic hospitals have started building their personalized patient treatment programs across the world. For instance, Tumor Infiltrating Lymphocytes (TILs) therapy, a type of immunotherapy used in clinical trials to treat advanced-stage cancer patients, has been made accessible worldwide via academic centers.
On the contrary, stringent regulatory policies hurdles the growth of Asia Pacific GMP cell therapy consumables market.
Key players dominating the Asia Pacific GMP cell therapy consumables market are Bio-Techne Corp, BPS Bioscience Inc, Corning Inc, FUJIFILM Irvine Scientific Inc, Global Life Sciences Solutions USA LLC, Lonza Group AG, Merck KGaA, Miltenyi Biotec BV & Co KG, Sartorius AG, and Thermo Fisher Scientific Inc, among others.
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