Global Cell and Gene Therapy CDMO Market is estimated to witness a significant CAGR of 25% to reach $5 billion by 2025
Robust CGT pipeline with growing number of product approvals, strong support from large pharma and biotech, and consistent investor enthusiasm (~$20 bn raised in 2020) is set to boost the demand for CGT services. A growing pipeline of therapies are nearing regulatory decisions. Out of 1,220 ongoing clinical trials in 2020, 152 were in Phase 3 — FDA and EMA predict approval of 10-20 cell and gene therapies each year by 2025.
Rising Demand for Full-service/One-stop-shop CDMOs
Full-service
CDMOs that can assist with both development and manufacturing are in utmost
demand. Much of the CGT development as of late has been from smaller biotech
companies or research universities who rely on CDMOs from preclinical
development through packaging.
“There is
growing demand for Cell and Gene Therapy CTDMOs who can offer integrated
development, manufacturing, and testing services. For CGT companies,
outsourcing manufacturing and testing operations to a capable CTDMO can reduce
development timelines, provide supplementary capacity, and ultimately control
costs.” -
Senior Director, Tier 1 CGT CDMO, United States
Substantial
Outsourcing in Cell and Gene Therapy (CGT) CDMO Market
The current
level of outsourcing in CGT exceeds 60% which is far above the level of
outsourcing seen in overall pharma/biologics field. Cell & Gene Therapy is
a complex field requiring high level of expertise. Also, it has costly
production and different manufacturing process/infrastructure requirements as
compared to traditional small molecules. Big pharma currently lacks
production-ready infrastructure and are increasingly looking for CGT CDMOs to
enter/expand their presence in fast-growing CGT market. Moreover, rising influx
of small biotechs in the market with limited/no manufacturing capabilities
and/or development expertise further provides growth opportunities for the Cell
and Gene Therapy (CGT) CDMO market.
Geographic Overview: North America
is the Largest and Fastest Growing Region
North America is
expected to witness fastest growth and continue its dominance in the coming 5
years owing to growing manufacturing capacity for CGTs, favorable regulatory
approval process, growing CGT approvals per year, and strong product pipeline
of CGTs in the United States.
Competitive
Landscape Analysis: Cell and Gene Therapy CDMO Market
The global Cell
and Gene Therapy (CGT) CDMO market is marked by the presence of both
established players and several small and mid-sized players. Some of the
leading players operating in the market are Lonza, Catalent, Patheon, Wuxi
Advanced Therapies and Charles River Laboratories. Other promising players in
the market are Vive Biotech, SK Bioscience, Fujifilm, Vibalogics, Exothera,
Takara, Oxford Biomedica, Viralgen and AGC Biologics, among several others.
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Customized Research Report on Cell and Gene Therapy CDMO Market @ https://meditechinsights.com/cell-and-gene-therapy-cdmo-market/
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