A13332 | Pages: NA | Sep 2022 | 262 Views | ||
Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Advanced Therapy Medicinal Products Market
Request Now !Advanced therapy medicinal products are modern therapies that include cell therapy, tissue engineered products, and gene therapy. This advance therapy provides solutions for condition with no therapeutic alternatives. Cell therapy incorporate with cellular immunotherapies, autologous, and allogeneic cells for specific therapeutic conditions. Gene therapy refers to products that add genetic material into individuals DNA to replace faulty genetic material. Tissue engineered products refers to repair, regenerate, and replace human tissue. Advanced therapy medicinal products which influences living cell or dynamic hereditary materials to offer novel treatment for intense and constant infections.
Market Scope and Structure Analysis
Report Metric | Details |
 Market Size available for years |  2020-2030 |
 Base year considered |  2020 |
 Forecast Period |  2021-2030 |
 Forecast Unit |  Value(USD) |
 Segments Covered | Product Type, Disease Type, Distribution Channel, and Region |
 Regions Covered | North America, Europe, Asia-Pacific, and LAMEA |
 Companies Covered | 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, Organogenesis Inc. |
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COVID-19 Impact Analysis            Â
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the advanced therapy medicinal products market.
Top Impacting Factors
Market Trend
New Product Launches to Flourish the Market
In 2020 Rigenerand announced approval for manufacturing of RR001 by Italian Medicine Authority. RR001 is gene therapy product consist of autologous human adipose derived genetically modified cells.
In June 2019, bluebird bio has received marketing authorization from European Commission for launch of ZYNTEGLO. This product is use in gene therapy for patients 12 years and older with Transfusion-Dependent β-Thalassemia. ZYNTEGLO is the first known gene therapy medication approved for transfusion-dependent β-thalassemia.
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Key Benefits of the Report
Questions Answered in the Advanced Therapy Medicinal Products Market Report       Â
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Key Market Players
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