The global Cell Therapy Lab Market is forecast to reach USD 34.90 Billion by 2027, according to a new report by Reports and Data. A handful of factors which are primarily affecting the growth of the market includes rising government investments for cell-based research, steep rising curve in the number of GMP-certified production facilities. Over the years, a significant increase in the number of oncology-oriented cell-based therapy clinical trials are also driving the growth of this market.

According to our experts, the consumables segment is expected to account for the majority share of the market over the years to come. The main reason for the aforesaid information is attributed to the high demand for consumables (such as growth factors and media) in cell-based experiments and cancer research, which is in a way accelerating the number of new product launches. Moreover, consumables are required at every step of cell processing which is further expected to drive their adoption in the market.

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Further key findings from the report suggest

  • It has been found that in a case study of a chimeric antigen receptor (CAR) T-cell therapy, the importance of implementation of a Werum manufacturing execution system (MES) shortened batch-release times from 30 hours to four mainly by reducing the number of manual entries from over a thousand to less than 200. This when incorporated on a massive scale can likely spearhead the growth of the market.
  • There are a number of factors that drive investment in biotechnology: an aging population, an associated increase in life expectancy, as well as rising numbers of chronic disease; commercial opportunities in orphan-disease development; and improvements in clinical-trial design helping more product candidates make it to market than in the past. This is turn going to positively affect the Cell Therapy Lab market. The major brands are undergoing collaborations, mergers, and acquisitions which are providing greater access to capital than ever before.
  • On the manufacturing side, the platform processes for chemistry, manufacturing, and controls (CMC) methods and formulations can accelerate development. The process intensification for viral vectors and automation in cell processing and analytics is likely to reduce overall cost of goods sold (CoGS).
  • According to our experts, when working with closed-system cell therapy manufacturing for phase 1 clinical trials, it gives an academic perspective that provided practical suggestions for academic researchers setting up relationships with contract manufacturing organizations (CMOs). It is likely to emphasize identifying knowledge gaps, potential risks, and differences in priorities between such organizations, thereby establishing an operational infrastructure that can serve to bridge the quality systems approaches. This indirectly impacts the growth of the market positively.

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Key Players covered in this report are

Beckman Coulter, Inc. (US), Becton, Dickinson and Company (US), GE Healthcare (US), Lonza (Switzerland), Merck KGaA (Germany), Miltenyi Biotec (Germany), STEMCELL Technologies, Inc. (Canada), Terumo BCT, Inc. (US), and Thermo Fisher Scientific, Inc. (US).

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Consumables
  • Equipment
  • Systems and Software

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Cell Processing
  • Cell Preservation, Distribution and Handling
  • Process Monitoring and Quality Control

Cell Type Outlook (Revenue, USD Billion; 2017-2027)

  • Human Cells
  • Animal Cells

End User Outlook (Revenue, USD Billion; 2017-2027)

  • Life Science Research Companies
  • Research Institutes

Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Major Points covered in this report are as below:

  • An analysis of Cell Therapy Lab industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
  • In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
  • In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
  • This report provides information on the market status of Cell Therapy Lab manufacturers and provides valuable insight into the market for companies and individuals.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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