Market Trends of Cell Therapy Contract Development And Manufacturing Organization Industry
The Oncology Segment is Expected to Hold a Significant Share During the Forecast Period
Cell therapy has emerged as a promising therapy in the treatment of cancer. Approaches like CAR-T (chimeric antigen receptor T-cell) therapy involve genetically modifying a patient's T cells to express a receptor. CDMOs contribute to optimizing the manufacturing processes for cell therapies, ensuring scalability, efficiency, and consistency. This is vital for producing sufficient therapeutic cells needed for each patient.
The growing prevalence of cancer is driving the demand for advanced and effective therapeutics, leading to new investments by companies and other stakeholders, like governments, to identify, test, and develop novel cancer therapeutics. For instance, as per the Canadian Cancer Statistics 2023 report, about 239.2 thousand new cancer cases were reported in 2023 in Canada, compared to 233.9 thousand in 2022. Thus, the growing burden of cancer is expected to create the demand for drug research and manufacturing services, which will likely contribute to segment growth.
The increasing research & development activities and collaboration with CDMO providers to effectively complete the drug development process for cancer drugs are expected to contribute to segment growth. For instance, in March 2023, Eutilex, a partner of GenScript ProBio, a CDMO, announced the Ministry of Food and Drug Safety (MFDS) clearance of its hepatocellular carcinoma clinical trial application for innovative CAR-T program (EU307). Additionally, in October 2023, BioCina Pty Ltd partnered with GenomeFrontier Therapeutics AU Pty Ltd to develop innovative virus-free chimeric antigen receptor T cell products (CAR-T) for cancer treatment.
Hence, increasing research and development activities involving cell therapy will create demand for CDMO services during the forecast period.
North America is Expected to Hold a Significant Market Share During the Forecast Period
Due to established research facilities, significant R&D investment in cell therapy, and the rising prevalence of chronic conditions, the cell therapy CDMO market in North America is projected to expand. The market's growth is fueled by the influx of new cell therapy products, their potential in treating autoimmune diseases, cancer, and infectious diseases, and the numerous ongoing clinical trials.
As of October 2023, ClinicalTrials.gov implied over 581 ongoing clinical trials in North America exploring cell therapies and other cell-based approaches for potential applications in treating diverse disease conditions. Consequently, the demand for advanced manufacturing services specializing in cell and gene therapies is expected to surge.
Additionally, the market's growth trajectory is anticipated to be further driven by enhanced investment in the development of cell-based therapies. For instance, Cellares secured a USD 255 million Series C investment in August 2023, which will fund the completion of its commercial-scale cell therapy manufacturing facility in Bridgewater, New Jersey. Thus, the expansion of research and development initiatives and the availability of a robust healthcare infrastructure contribute significantly to the regional market's overall growth. In November 2022, Charles River Laboratories International Inc. expanded its cell therapy CDMO facility in Memphis, United States, and the expanded space is suitable for clinical and commercial cell therapy manufacturing. This increase in the growth of the CDMO sector facilitates the increasing cell therapy manufacturing services, thereby propelling the market's growth. Moreover, in October 2022, FUJIFILM Diosynth Biotechnologies and RoosterBio announced a collaboration to enable GMP manufacturing of Cell and Exosome therapies.
Thus, factors like the rise in cancer incidence and advancements made by companies are anticipated to fuel market expansion in this region.
Cell Therapy Contract Development And Manufacturing Organization Market Report Snapshots
- Cell Therapy Contract Development And Manufacturing Organization Market Size
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