The Advanced Therapy Medicinal Products CDMO Market is expected to grow at a steady rate of around 14% owing to the increasing adoption of ATMPs and the demand for specialized CDMO services continues to increase.
Advanced Therapy Medicinal Products (ATMPs) are a class of innovative medicinal products that include gene therapy, cell therapy, and tissue-engineered products. A CDMO, or Contract Development and Manufacturing Organization, is a company that provides services such as development, manufacturing, and quality control to support the production of ATMPs and other pharmaceutical products. The ATMP CDMO market is growing due to the increasing demand for ATMPs and the need for specialized manufacturing and development services for these complex products. As the ATMP market continues to expand, there is a high demand for CDMOs that can provide the necessary services and expertise to support the development and commercialization of ATMPs.
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The growing demand for innovative treatments for various diseases, such as cancer and genetic disorders will drive the market growth. For instance, according to the data published by the American Cancer Society (ACS), in January 2020, around 1.8 million new cancer cases were diagnosed and 606,520 cancer deaths in the United States.
According to UnivDatos Market Insights (UMI)’ research report “Global Advanced Therapy Medicinal Products CDMO Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing prevalence of rare and severe disorders, including metabolic and optical diseases.
Based on product, the market is segmented into gene therapy, cell therapy, tissue engineered, and others. The gene therapy category to witness higher CAGR during the forecast period. This segment includes the production and manufacturing of viral and non-viral vectors for gene therapy, which are used to deliver therapeutic genes to target cells to treat various diseases. Major key players in this segment offer a range of services, including vector production, preclinical testing, and clinical trials for gene therapy products which will boost the growth of the market. For instance, in 2022, according to the American Society of Gene & Cell Therapy (ASGCT), around 1,986 gene therapy products, including CAR T-cell therapies and other genetically modified cell therapies are under development.
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Based on the phase, the market is categorized into phase I, phase II, phase III, and phase IV. Among these, phase I category held a significant share in the market in 2021. This is mainly due to due to growing R&D Initiatives and the rise in the number of advanced therapy human studies. For instance, according to the WHO, as of February 2022, around 671,228 clinical trials are ongoing globally, out of which 47,689 are under phase I clinical trials.
North America to witness extensive growth
For a better understanding of the market adoption of the ATMP CDMO industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. this is mainly due to several factors, including the increasing demand for personalized medicine, the growing prevalence of chronic diseases, and the increasing investment in biotechnology research and development. The market is also driven by advancements in cell and gene therapy technologies, which are enabling the development of innovative treatments for a rare disease. For instance, as per an October 2021 update by the National Institutes of Health (NIH), USFDA, 10 pharmaceutical companies, and 5 non-profit organizations have partnered to accelerate the development of gene therapies for the 30 million Americans who suffer from a rare disease.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the advanced therapy medicinal products CDMO market are CELONIC Group; FUJIFILM Corporation; Bio Elpida; Rentschler Biopharma SE; AGC Biologics; Catalent, Inc; Lonza; WuXi AppTec Co., Ltd.; BlueReg; Thermo Fisher Scientific Inc.
“Global Advanced Therapy Medicinal Products CDMO Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Product (Gene Therapy, Cell Therapy, Tissue Engineered, and Others)
2. By Phase (Phase I, Phase II, Phase III, and Phase IV)
3. By Indication (Oncology, Cardiology, Central Nervous System, Musculoskeletal, Infectious Disease, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Polaris Inc., Honda Motor Co. Ltd., Textron Inc., Kawasaki Heavy Industries Ltd., Yamaha Motor Co. Ltd., Suzuki Motor Corporation, Deere & Company, Bombardier Recreational Products Inc., KWANG YANG MOTOR CO. LTD., and Hisun Motors Corp.)
Key questions answered in the study:
1. What are the current and future trends of the global Advanced Therapy Medicinal Products CDMO Market industry?
2. How the industry has been evolving in terms of Product, Phase, and Indication?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global advanced therapy medicinal products CDMO industry?
5. What is the customer orientation, purchase behavior, and expectations from the global advanced therapy medicinal products CDMO market suppliers across various region and countries?
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