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How Much Growth is Expected for the GMP Cell Therapy Consumables Market from 2024 to 2033?

In recent times, there has been a significant expansion in the gmp cell therapy consumables market size. The market which was valued at $14.13 billion in 2023 is expected to grow to $18.25 billion in 2024, representing a compound annual growth rate (CAGR) of 29.2%. This upward trend during the historical period is a result of increasing investments in regenerative medicine, progress in cell therapy investigations, clinical trials and approvals, a heightened prevalence of chronic disorders, and an increased understanding of personalized medicine.

The market for gmp cell therapy consumables is expected to witness a significant increase in the size in the coming years. The market is forecasted to expand to $46.86 billion in 2028, growing at a compound annual growth rate (CAGR) of 26.6%. The anticipated growth in this period can be credited to factors such as the expansion of cell therapy applications, a worldwide increase in cell therapy trials, regulatory backing for cell therapies, the rise of sophisticated cell therapy platforms, and the globalisation of cell therapy manufacturing. Key trends likely to be seen in this forecast timeframe include investments in manufacturing infrastructure, technological advancements in cell processing, collaborations and strategic partnerships, digitalisation and data integration, as well as strategic alliances and mergers.

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What Factors Are Encouraging Growth in the gmp cell therapy consumables Market?

The GMP cell therapy consumables market is projected to flourish due to an uptick in drug discovery. Drug discovery, which entails the integration of computational, experimental, translational, and clinical models to find potential new medicinal substances, is instrumental in propelling this market’s growth. The significant strides made in genetics, molecular biology, high-throughput screening methods, and bioinformatics have revolutionized the field. These advancements have enhanced scientists’ understanding of disease mechanisms, unforeseen drug targets identification, and facilitated efficient screening of vast compound libraries for potential drug candidates. This heightened focus on drug discovery fuels the expansion of the GMP cell therapy consumables market. For instance, as per the United States Food and Drug Administration, a federal entity under the Department of Health and Human Services, reported in January 2023 that, 37 novel drugs and therapeutic biochemical products had received approval from the Centre for Drug Evaluation and Research (CDER) in 2022 for numerous indications. As such, this increased focus on drug discovery is the driving force behind the robust growth observed in the GMP cell therapy consumables market.

Which Segments Play a Vital Role in the GMP Cell Therapy Consumables Market?

1) By Product: Kits, Reagents or Molecular biology reagents, Growth Factors or Cytokines and Interleukins, Other Products

2) By Cell Therapy: NK Cell Therapy, Stem Cell Therapy, T-Cell Therapy, Other cell therapies

3) By Process: Cell Collection And Characterization or Sorting and Separation, Cell Culture and Expansion or Preparation, Cryopreservation, Cell Processing and Formulation, Cell Isolation and Activation, Cell Distribution or Handling, Process Monitoring and Control or Readministration or Quality Assurance, Other Processes

4) By End-Use: Clinical, Commercial, Research

What Trends Are Driving Change in the GMP Cell Therapy Consumables Market?

The increasing adoption of product innovations is a significant trend in the GMP cell therapy consumables market. Market players are utilizing new technologies to maintain competitiveness. For example, in March 2021, Thermo Fischer Scientific, a company based in the US that provides scientific instruments, reagents, consumables, and software services, introduced HyPerforma DynaDrive single-use bioreactors with capacities of 3,000 and 5,000 L. This system offers an improved turn-down ratio, superior mixing, and greater scalability. Furthermore, the firm asserts that this product leads to a reduced vessel footprint and employs technology specifically designed for perfusion cell culture procedures, aiding in saving manufacturing suite space.

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What Regions Are Contributing Significantly to the Growth of the GMP Cell Therapy Consumables Market?

North America was the largest region in the GMP cell therapy consumables market in 2023. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gmp cell therapy consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The GMP Cell Therapy Consumables Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gmp cell therapy consumables market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The GMP Cell Therapy Consumables Market Include

1. GMP Cell Therapy Consumables Market Executive Summary

2. GMP Cell Therapy Consumables Market Segments

3. GMP Cell Therapy Consumables Market Size And Template Market Growth Rate

4. Key GMP Cell Therapy Consumables Market Trends

5. Major GMP Cell Therapy Consumables Market Drivers

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25. Key Mergers And Acquisitions In The GMP Cell Therapy Consumables Market

26. Top GMP Cell Therapy Consumables Companies

27. GMP Cell Therapy Consumables Market Opportunities And Strategies

28. GMP Cell Therapy Consumables Market, Conclusions And Recommendations

29. Appendix

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