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The cell and gene therapy market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 25%, as per The Business Research Company’s market report!

Read More On The Cell And Gene Therapy Market Report 2022 – https://www.thebusinessresearchcompany.com/report/cell-and-genes-therapy-global-market-report

The Cell And Gene Therapy Market Size In 2022 And Forecast

The global cell and gene therapy market is expected to grow from $6.58 billion in 2021 to $8.57 billion in 2022 at a compound annual growth rate (CAGR) of 30.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The cell and gene therapy market is expected to reach $21.33 billion in 2026 at a CAGR of 25.6%.

The cell and gene therapy market consist of sales of cell and gene therapies by entities (organizations, sole traders and partnerships) that develop cell and gene therapies.

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Steady Investment And Consolidation In Cell And Gene Therapies Is Driving The Growth Of The Cell And Gene Therapy Market

For instance, Merck invested $109 million in viral vector and gene therapy manufacturing in April 2020. Moreover, 12% of industrial clinical pipeline products and at least 16% of preclinical pipeline products consist of CGT. Steady investment and consolidation in CGT production capacity led to an increase in production capacity and also contributed to the growth of the market.

Competitive Landscape And The Regional Analysis Of The Cell And Gene Therapy Market

Major players in the cell and gene therapy market are Gilead Sciences, Bristol-Myers Squibb, Novartis AG, Amgen, Merck, Organogenesis Holdings, Dendreon, Vericel, Bluebird Bio, and Fibrocell Science.

The Cell And Gene Therapy Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cell and gene therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the cell and gene therapy market.

Chimeric Antigen Receptor T-Cell Therapy – A Key Trend In The Cell And Gene Therapy Market

CAR T-cell therapy is a combination of cell and gene therapy in which T cells are collected from the patient’s blood and are genetically engineered to produce modified receptors at their surface, known as chimeric antigen receptors. These modified T cells with special structures (receptors) are reinfused into the patient. Then, the modified receptors of T cell help in targeting the surface antigen of the cancer cell that ultimately results in the killing of tumor cells in patients.

Cell And Gene Therapy Market Segmentation By The Business Research Company

1) By Product: Cell Therapy, Gene Therapy

2) By Application: Oncology, Dermatology, Musculoskeletal, Others

3) By End-User: Hospitals, Ambulatory Surgical Centers, Cancer Care Centers, Wound Care Centers, Others

Here Are Some Reports Related To The Cell And Gene Therapy Market –

Gene Editing Global Market Report 2022

Stem Cell/Cord Blood Banking Global Market Report 2022

Cell Based Assays Global Market Report 2022

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