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GMP CELL THERAPY CONSUMABLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

GMP Cell Therapy Consumables Market, By Product Type (Cell Culture Media and Supplements, Cell Separation and Purification Consumables, Cryopreservation Consumables, Cell Transduction Consumables, Other Consumables), By Cell Type (Stem Cells, T-Cells, Natural Killer (NK) Cells, Other Cell Types), By Application (Oncology, Regenerative Medicine, Neurology, Cardiovascular, Immunology, Other Applications), By End User (Biopharmaceutical Companies, Contract Manufacturing Organizations (CMOs), Academic and Research Institutions, Hospitals and Clinics, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Aug 2024
  • Code : CMI7327
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Regional Analysis

GMP Cell Therapy Consumables Market Regional insights

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North America dominates the global GMP cell therapy consumables market with an estimated market share of 40.3% in 2024. The U.S. is home to many top pharmaceutical and biotechnology companies that are at the forefront of research and development in the cell therapy. Presence of key manufacturers in the region along with availability of skilled labor and researchers have made North America a hub for cell therapy innovations. Furthermore, supportive regulatory environment provided by U.S. FDA and increased funding for cell-based research activities have accelerated product development in this region.

Asia Pacific has emerged as the fastest growing regional market for GMP cell therapy consumables. Countries like China, Japan, South Korea and India have demonstrated high potential, owing to rising healthcare investments, increasing biopharmaceutical industry and existence of large patient pools suffering from chronic diseases. Government initiatives aimed at encouraging local manufacturing and reforms in regulatory framework are proving beneficial for both domestic as well as international players. Lower production costs and availability of low-cost raw materials have raised Asia Pacific's appeal as an attractive production base. Many western companies have set up their manufacturing units in countries like China and Singapore to cater to rising demand. Asia Pacific is projected to surpass other regions due to expanding patient pool, emerging biotech industry and increasing governmental focus on healthcare reforms in the long run.

Europe is another substantial regional market, owing to presence of major R&D focused pharmaceutical firms and supportive regulatory guidelines laid down by EMA. Countries like Germany, U.K, France are at the forefront in research activities pertaining to cell therapies. High healthcare expenditures along with universal healthcare have enabled wider access and adoption of advanced treatment procedures. However, pricing pressures from authorities and preference of biosimilars over novel therapies can hamper the market growth.

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