Global advanced therapy medicinal products market was valued at USD 7.9 Billion in 2020. It is expected to grow at a compound annual rate (CAGR of 13.2%) between 2021 and 2028. Advanced Therapy Medicinal Products have revolutionized the pharmaceutical industry as well as the disease treatment landscape. This has opened up new avenues for treatment of incurable disease and many types of cancer. Market growth is largely due to the success of products like Kymriah and Zolgensma.
Advanced therapies in virology research have been applied to the COVID-19 pandemic. In December 2020, a study showed the potential for T cell therapy to treat high-risk COVID-19 patients. In September 2020, the U.S. FDA approved ALVR109, an allogeneic T cell therapy IND application, for COVID-19 patients.
This will drive investment in R&D for advanced treatment for SARS-CoV2 infection. As a new treatment for SARS-CoV-2, there has been a rise in Mesenchymal Stromal/Stem Cells clinical trials. These therapies have been proven to be effective in treating SARS-CoV-2 infection and are a great addition to the marketspace's organic revenue generation.
The market for advanced therapeutic medicinal products is still in its infancy, but it is growing. Traditional drug companies are looking to increase their competitive edge by considering ATMPs as a potential source of future revenue. This market is extremely active, and many companies have invested heavily in clinical trials for ATMPs after approval of their products.
Many protein- and small-molecule-based companies have been focusing their efforts on developing adoptive cell T therapies over the years. In March 2021, Bristol Myers Squibb and bluebird bio obtained approval from the FDA for Abecma (idecabtagene vicleucel), a cell-based gene-therapy medicinal product that is used to treat multiple myeloma patients.
With a 39.0% revenue share in 2020, the tissue-engineered products segment was the dominant market. This can be attributed to tissue-engineered products and procedures being integrated into medicine and treatment procedures, especially in cases that require functional restoration of diseased or injured parts of the body.
The remarkable rise in publications, clinical trials, research studies, and translational products has demonstrated that this segment is gaining traction. The segment's growth is also supported by continuous technological and product advancements that improve the tissue engineering process. A team of researchers from the University of Illinois Chicago created a new hydrogel-shaped-changing 4D material that can respond to physiological stimuli.
The CAR-T therapy sector, on the other hand is growing rapidly and will register the fastest CAGR during the forecast period. Novartis AG, Gilead Sciences, Inc., Bristol Myers Squibb, and Gilead Sciences, Inc. are all focused on expanding their CAR-T product reach across the globe. Novartis AG, for example, announced that the Health Sciences Authority approved Kymriah as Singapore's first CAR-T treatment.
Kymriah, a CAR–T product, is designed to treat patients with B-cell acute Lymphoblastic Leukemia (B-cell AML) and relapsed/refractory (r/r), diffuse large B-cell-cell lymphoma. Similar to Bristol Myers Squibb, Breyanzi, a CAR-T cell therapy that treats R/R B Cell Lymphoma, was approved by Japan's Ministry of Health, Labour and Welfare (MHLW), in March 2021. This has led to significant growth in segments due to the shift in investment flow towards the development of CAR–T products.
North America was the dominant market for advanced therapy medicinal products in 2020, accounting for 47.0% of the total revenue. The region's dominance in the advanced therapy market is due to its favorable regulatory environment, product launches that have been successful, and large investments in research and developing. The U.S. is seeing a rapid increase in clinical trials for this new treatment option, which also contributes to regional growth.
The U.S. currently accounts for approximately 57.0% in gene therapy clinical trials worldwide as of March 2021. This large share is a result of the growing investment flow into this market, which drives the revenue generation. Europe held the second largest market share in 2020 thanks to its strong research base in advanced therapies.
China has been ranked second in the world for cell and gene therapy markets in recent years. China has shown the highest CAGR in Asia Pacific thanks to its focussed efforts, including investments by the government and reforms.
In the last few years, there has been a tremendous increase in demand for advanced therapeutic medicinal products. This market will see increased competition due to the increasing number of companies entering the space. Recent approvals of ATMPs have also accelerated this expansion. Market players have a variety of strategies to maintain their market position. This space is seeing a lot of collaborations with contract manufacturers. Due to the increasing R&D activity in this space, CDMO/CMOs see a high demand for their services. The market for advanced therapy medicinal products (ATMPs), includes the following:
Spark Therapeutics, Inc.
Bluebird Bio, Inc.
Novartis AG
UniQure N.V.
Celgene Corporation
Gilead Lifesciences, Inc.
Kolon TissueGene, Inc.
JCR Pharmaceuticals Co., Ltd.
MEDIPOST
Vericel Corporation
PHARMICELL Company, Ltd
Organogenesis Inc.
Up Market Research published a new report titled “Advanced Therapy Medicinal Products Market research report which is segmented by Therapy Type (Cell, CAR-T, Stem Cell Therapy, Gene), By Players/Companies Organogenesis Inc, JCR Pharmaceuticals Co Ltd, Celgene Corporation, Novartis AG, UniQure NV, Kolon TissueGene Inc, Bluebird Bio Inc, Vericel Corporation;, Spark Therapeutics Inc, Gilead Lifesciences Inc, MEDIPOST;, PHARMICELL Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Advanced Therapy Medicinal Products Market Research Report |
By Therapy Type | Cell, CAR-T, Stem Cell Therapy, Gene |
By Companies | Organogenesis Inc, JCR Pharmaceuticals Co Ltd, Celgene Corporation, Novartis AG, UniQure NV, Kolon TissueGene Inc, Bluebird Bio Inc, Vericel Corporation;, Spark Therapeutics Inc, Gilead Lifesciences Inc, MEDIPOST;, PHARMICELL Co Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 243 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Therapy Type (Cell, CAR-T, Stem Cell Therapy, Gene).
Advanced Therapy Medicinal Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Advanced Therapy Medicinal Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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