A newly released Advanced Therapy Medicinal Products Market analysis report by Future Market Insights shows that global sales of the Advanced Therapy Medicinal Products Market in 2021 were held at US$ 8.7 billion. With a CAGR of 15% from 2022 to 2032, the market is projected to reach a valuation of US$ 39 billion by 2032. Tissue Engineered Product segment is forecasted to be the most revenue-generating market between 2022 and 2032, which is projected to grow at a CAGR of 10.4% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Global Advanced Therapy Medicinal Products Market (2022) | US$ 9.8 Billion |
| Global Advanced Therapy Medicinal Products Market (2032) | US$ 39 Billion |
| Global Advanced Therapy Medicinal Products Market CAGR (2022 to 2032) | 15% |
| U.S.A Advanced Therapy Medicinal Products Market CAGR (2022 to 2032) | 15.9% |
| Key Companies Profiled |
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As per the Advanced Therapy Medicinal Products Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Advanced Therapy Medicinal Products Market increased at around 11.7% CAGR.
The introduction of Advanced Therapy Medicinal Products has changed the pharmaceutical sector and the landscape of disease treatment. It has paved the way for innovative treatments for incurable diseases and cancers of various types.
Although the market for advanced therapeutic pharmaceutical products is still in its infancy, it is steadily rising. Traditional medication producers looking for a competitive edge are considering ATMPs as a profitable source of revenue in future healthcare systems. This field is now quite busy, with corporations investing heavily in ATMP clinical trials following the approval of authorized drugs.
Increased cases of Alzheimer's disease around the world, increased demand for advanced gene therapies, increased prevalence of neurodegenerative diseases, increased geriatric population, and surged genetic disorders are driving the growth of the advanced therapy medicinal products market. Owing to these factors, the market is projected to reach a valuation of US$ 39 billion by 2032.
According to recent sources, there is a lot of development effort in the ATMP industry, which doesn't seem to match the small number of ATMPs now in the European market. Despite the fact that over 500 clinical trials using ATMPs were conducted between 2009 and 2017, only 19 market authorization applications were submitted to the European Medicines Agency.
The consolidated marketing permission was given to ten ATMPs. Three of these corporations later revoked the license, and one stopped marketing the product, all for commercial reasons. To appropriately appraise the potential of ATMPs, a thorough understanding of stakeholder difficulties encountered during development is required.
ATMP's high cost makes it unaffordable for both public and private payers, limiting patient access to therapy for life-threatening disorders and diseases. Due to ATMP's limited utilization in ordinary clinical treatment, the majority of the issues in this sector are connected to trial implementation.
Surged investment to fund clinical trials has boosted the market of cell therapy in recent years. The institution of operational guidelines to assist cell therapy as well as the approval of sophisticated medicines have also aided the category's dominance.
The clearance of gene treatments in recent years has considerably expedited clinical trials in this field. Furthermore, Covid-19 opened new avenues for major players to invest in T-cell research to check viral infection. The research community is examining the possibilities of innovative medicines for COVID-19 patients, which will help the market flourish.
The United States' robust pipeline of Advanced Therapy Medicinal Products has propagated market revenue. In addition, corporations in the United States are moving their attention from traditional medication research to Advanced Therapy Medicinal Products, which is propelling regional growth.
Due to the developing Advanced Therapy Medicinal Products landscape in emerging economies such as China, the market in the Asia Pacific is likely to grow at the highest rate. The rise of the regional market has been fueled by the expansion of China-based CDMOs.
Principal Consultant
During the projected period, North America is expected to lead the global market for Advanced Therapy Medicinal Products with a CAGR of over 15%.
North America was the largest market for advanced therapy medicinal products with over 50% share in 2021. Investments in Research and Development and a favorable regulatory environment are the key dynamics for the large market for advanced therapy medicinal products in North America. In addition, the fast-growing number of clinical trials in this innovative therapeutic method in the United States contributes to regional growth.
U.S. Advanced Therapy Medicinal Products Market Analysis
In March 2021, the United States accounted for roughly 60% of all ongoing gene therapy clinical trials worldwide, which is expected to lead to the advanced therapy medicinal products market at US$ 17.3 Billion by 2032. The market in the US is expected to grow at a CAGR of 15.9%.
UK Advanced Therapy Medicinal Products Market Analysis
The market in the UK is projected to reach a valuation of US$ 1.2 Billion by 2032. Growing at a CAGR of 15.9% from 2022 to 2032, the market in the country is expected to gross an absolute dollar opportunity of US$ 13.2 Billion.
Japan Advanced Therapy Medicinal Products Market Analysis
In Japan, the market is expected to reach US$ 1.4 Billion by 2032. With a CAGR of 15.3% during the forecast period, the market is projected to garner an absolute dollar opportunity of US$ 1.1 Billion.
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Tissue Engineered Product was the largest revenue-generating segment in the Advanced Therapy Medicinal Products Market in 2021, and it is expected to maintain its dominance during the forecast period, growing at a CAGR of 10.4%.
The incorporation of tissue-engineered procedures in treatments that need functional repair of any diseased or wounded area of the body can be linked to this dominance. The number of articles, research papers, translational products, and clinical trials, has increased significantly in the recent past.
Furthermore, the growth in revenue of tissue-engineered products is propelled by continual advancements in technology to encourage the tissue engineering process. For example, researchers at the University of Illinois in Chicago introduced a novel hydrogel-shaped-changing 4D material in February 2021. This material can change its shape in reaction to physiological stimuli.
On the other hand, the CAR-T treatment segment is gaining traction in the market and is predicted to grow at the quickest rate over the projection period. Novartis AG, for example, is concentrating on broadening the global reach of its CAR-T treatments. For instance, Health Sciences Authority recently authorized Kymriah as the first commercially licensed CAR-T therapy in Singapore.
The Advanced Therapy Medicinal Products market is highly consolidated. Some of the key players in the market are 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 Co., Ltd, and Organogenesis Inc.
Some of the recent developments of key Advanced Therapy Medicinal Products providers are as follows:
Similarly, recent developments related to companies in the Advanced Therapy Medicinal Products Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global Advanced Therapy Medicinal Products Market is worth more than US$ 8.7 billion at present.
The value of the Advanced Therapy Medicinal Products Market is projected to increase at a CAGR of around 15% from 2022 to 2032.
Tissue Engineered Product segment is projected to maintain its dominance during the forecast period, growing at a CAGR of 10.4%.
The market in North America is expected to grow at a CAGR of 15.8% in the Advanced Therapy Medicinal Products market from 2022 to 2032.
Spark Therapeutics, Inc., Bluebird Bio, Inc., Novartis AG, UniQure N.V., and Celgene Corporation are the major companies operating in the Advanced Therapy Medicinal Products Market.
1. Executive Summary | Advanced Therapy Medicinal Products Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Market Analysis 2015 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2015 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Therapy Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Therapy Type, 2015 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Therapy Type, 2022 to 2032
5.3.1. Cell Therapy
5.3.1.1. Stem Cell Therapy
5.3.1.2. Non-stem Cell Therapy
5.3.2. CAR-T Therapy
5.3.3. Gene Therapy
5.3.4. Tissue Engineered Product
5.4. Y-o-Y Growth Trend Analysis By Therapy Type, 2015 to 2021
5.5. Absolute $ Opportunity Analysis By Therapy Type, 2022 to 2032
6. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Million) Analysis By Region, 2015 to 2021
6.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
7.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
7.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
7.2.1. By Country
7.2.1.1. The US
7.2.1.2. Canada
7.2.2. By Therapy Type
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Therapy Type
7.4. Key Takeaways
8. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Therapy Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Therapy Type
8.4. Key Takeaways
9. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. The UK
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Therapy Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Therapy Type
9.4. Key Takeaways
10. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Therapy Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Therapy Type
10.4. Key Takeaways
11. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Therapy Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Therapy Type
11.4. Key Takeaways
12. Key Countries Market Analysis
12.1. The US
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2021
12.1.2.1. By Therapy Type
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2021
12.2.2.1. By Therapy Type
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2021
12.3.2.1. By Therapy Type
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2021
12.4.2.1. By Therapy Type
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2021
12.5.2.1. By Therapy Type
12.6. The UK
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2021
12.6.2.1. By Therapy Type
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2021
12.7.2.1. By Therapy Type
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2021
12.8.2.1. By Therapy Type
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2021
12.9.2.1. By Therapy Type
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2021
12.10.2.1. By Therapy Type
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2021
12.11.2.1. By Therapy Type
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2021
12.12.2.1. By Therapy Type
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2021
12.13.2.1. By Therapy Type
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2021
12.14.2.1. By Therapy Type
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2021
12.15.2.1. By Therapy Type
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2021
12.16.2.1. By Therapy Type
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2021
12.17.2.1. By Therapy Type
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2021
12.18.2.1. By Therapy Type
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2021
12.19.2.1. By Therapy Type
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Therapy Type
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Spark Therapeutics, Inc.
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. Bluebird Bio, Inc.
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. Novartis AG
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. UniQure N.V.
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. Celgene Corporation
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.6. Gilead Lifesciences, Inc.
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.7. Kolon TissueGene, Inc.
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.8. JCR Pharmaceuticals Co., Ltd.
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.9. MEDIPOST
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.10. Vericel Corporation
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.11. PHARMICELL Co., Ltd
14.1.11.1. Overview
14.1.11.2. Product Portfolio
14.1.11.3. Profitability by Market Segments
14.1.11.4. Sales Footprint
14.1.11.5. Strategy Overview
14.1.11.5.1. Marketing Strategy
14.1.12. Organogenesis Inc.
14.1.12.1. Overview
14.1.12.2. Product Portfolio
14.1.12.3. Profitability by Market Segments
14.1.12.4. Sales Footprint
14.1.12.5. Strategy Overview
14.1.12.5.1. Marketing Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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Advanced Therapy Medicinal Products Market
