Cell Therapy Consumables Market, 2021 – 2031
October 14, 2021
Cell Therapy Consumables Market, 2021 – 2031
LONDON, ENGLAND, UNITED KINGDOM, October 14, 2021 /EINPresswire.com/ -- Amidst the COVID-19 pandemic, there has been an evident surge in the demand for high quality cell therapies intended for research and therapeutic purposes, presenting lucrative opportunities for consumable providers having capabilities for raw material production
Roots Analysis has announced the addition of the “Cell Therapy Consumables Market, 2021 – 2031” report to its list of offerings.
Currently, more than 800 IND applications have been filed for cell therapies, while close to 10 cell-based / gene therapies are likely to receive approval in 2021 across the world. This has prompted several drug developers to rely on third-party service providers that claim to have the required skillset and technical infrastructure for the production of raw materials, such as cell culture medium, cell isolation kits and cell separation reagents, in order to produce quality cellular therapies.
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Key Market Insights
Presently, more than 60 players claim to provide cell therapy consumable products
This segment of the industry is dominated by start-ups / small companies (2-50 employees) and mid-sized players (51-200 employees), which represent more than 70% of the total consumable providers. In addition, around 48% players were established before 2001, while about 25% were founded post 2010.
Currently, media products capture the highest share (73%) of the cell therapy consumables market
Most of the cell therapy media are being developed for stem cell therapies (72%), followed by those intended for T-cell therapies (21%). It is worth noting that all cell therapy media are currently used for research purposes, followed by those employed for therapeutic purposes (16%).
85+ consumable facilities dedicated to cell therapies have been established worldwide
North America has emerged as the consumable hub for cell therapies, featuring the presence of nearly 65% of the total consumable facilities; this is followed by Europe (21%). Other emerging regions include (in decreasing order of number of facilities) Japan, China, India and South Korea.
Partnership activity in this domain has increased at a CAGR of over 39%, between 2016 and 2021
Acquisitions and product commercialization agreements emerged as the most popular types of partnership models adopted by industry stakeholders (19% each), followed by distribution agreements (16%) and manufacturing agreements (10%). Around 71% of the total expansion projects undertaken by stakeholders were initiated since 2018.
Over 310 cell therapy developers are likely to forge strategic alliances with consumable providers
Around 16% of the drug developers claim to have the required expertise to offer services for more than two unique types of cell therapies. Notable examples include (in alphabetical order) Aspire Health Science, Bio Elpida and The Discovery Labs Center for Breakthrough Medicines.
Global demand for cell therapy consumables is anticipated to reach over 31 billion liters, by 2026
The present demand of consumables required for planar process is estimated to be over 11 billion liters, while the demand of consumables intended for suspension process is estimated to be around 0.8 billion liters.
North America and Asia-Pacific are anticipated to capture over 65% of the market share, by 2031
The current market is driven by sales of media products designed for cell therapies (close to 80%); this trend is unlikely to change in the foreseen future. It is worth mentioning that the consumables market for cell therapies in the Europe is anticipated to grow at a relatively faster pace (22.7%), followed by the market in Asia-Pacific (20.5%).
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Key Questions Answered
Who are the key players engaged in offering consumables for cell therapies?
Which regions have emerged as key hubs in terms of cell therapy consumable related capabilities?
Which are the most popular media components used for cell therapy consumables?
What kind of partnership models are most commonly adopted by stakeholders engaged in this industry?
How is the recent COVID-19 pandemic likely to impact the consumables market for cell therapies?
What are the key challenges associated with the production of cell therapy consumables?
What is the current, global demand (kits, media and reagents) for cell therapy consumables in the manufacturing process?
How is the current and future market opportunity likely to be distributed across key market segments?
What are the anticipated future trends related to consumables market for cell therapies?
The financial opportunity within the cell therapy consumables market has been analyzed across the following segments:
Type of Consumable
Type of Cell Therapy
Dendritic Cell Therapy
NK Cell Therapy
Stem Cell Therapy
Scale of Operation
Type of End-User
Key Geographical Regions
Rest of the World
The report includes profiles of key players (listed below) each profile features an overview of the company, details related to its financials (if available), product portfolios, recent developments and an informed future outlook.
Thermo Fisher Scientific
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https://www.rootsanalysis.com/reports/cell-therapy-consumables-market.html or email firstname.lastname@example.org
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