New market research states the global cell and gene therapy manufacturing services market will reach $13.8 billion by 2026, expanding at a compound annual growth rate (CAGR) of 12.4 percent from its current value of $7.7 billion (in 2021).
The report suggests the high incidence of cancer, increasing investments in pharmaceutical R&D, contract development and manufacturing organisations (CDMOs) investing in advanced technologies, and increasing partnerships and agreements between pharma and CDMOs will all drive market growth. However, the high operation costs of cell and gene therapy manufacturing will restrain the market during the forecast period (2021 to 2026).
