Latin America Cell And Gene Therapy Manufacturing Market Size & Outlook
The cell and gene therapy manufacturing market in Latin America is expected to reach a projected revenue of US$ 1,507.0 million by 2030. A compound annual growth rate of 20.7% is expected of Latin America cell and gene therapy manufacturing market from 2023 to 2030.
Latin America cell and gene therapy manufacturing market highlights
The Latin America cell and gene therapy manufacturing market generated a revenue of USD 334.7 million in 2022.
The market is expected to grow at a CAGR of 20.7% from 2023 to 2030.
In terms of segment, cell therapy was the largest revenue generating therapy type in 2022.
Gene Therapy is the most lucrative therapy type segment registering the fastest growth during the forecast period.
Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
Market revenue in 2022
USD 334.7 million
Market revenue in 2030
USD 1,507.0 million
Growth rate
20.7% (CAGR from 2023 to 2030)
Largest segment
Cell therapy
Fastest growing segment
Gene Therapy
Historical data covered
2018 - 2021
Base year for estimation
2022
Forecast period covered
2023 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Gene Therapy, Cell Therapy
Key market players worldwide
Lonza Group Ltd, Bluebird bio Inc, Catalent Inc, Roche, Samsung BioLogics, Boehringer Ingelheim, Hitachi Ltd, Takara Bio Inc, Miltenyi Biotec, Thermo Fisher Scientific Inc, Novartis AG ADR, Merck KGaA, Wuxi AppTec Co Ltd
Other key industry trends
In terms of revenue, Latin America region accounted for 4.6% of the global cell and gene therapy manufacturing market in 2022.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
North America is the fastest growing regional market and is projected to reach USD 23,532.7 million by 2030.
Latin American region has low penetration of cell and gene therapy manufacturing market. However, developing biotechnology and biopharmaceutical industries in the Latin American countries are anticipated to increase demand for cell and gene therapy manufacturing in the region.
The region is witnessing increasing attention and fast growth in the field of stem cell research. Scientists from several Latin American countries, such as Mexico, Uruguay, Chile, Brazil, and Argentina, are working on stem cell research.
Thus, active engagement in this space is expected to boost market growth. In addition, Latin America is considered a growing market for cell and gene therapy products, as the incidence of chronic diseases is high in the Latin American countries, which, in turn, is expected to drive demand for manufacturing services.
Latin America Cell And Gene Therapy Manufacturing Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Cell And Gene Therapy Manufacturing Market Outlook will help companies and investors design strategic landscapes.
Cell Therapy was the largest segment with a revenue share of 67.02% in 2022.
Horizon Databook has segmented the Latin America cell and gene therapy manufacturing market based on gene therapy, cell therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American region has low penetration of cell and gene therapy manufacturing market. However, developing biotechnology and biopharmaceutical industries in the Latin American countries are anticipated to increase demand for cell and gene therapy manufacturing in the region.
The region is witnessing increasing attention and fast growth in the field of stem cell research. Scientists from several Latin American countries, such as Mexico, Uruguay, Chile, Brazil, and Argentina, are working on stem cell research.
Thus, active engagement in this space is expected to boost market growth. In addition, Latin America is considered a growing market for cell and gene therapy products, as the incidence of chronic diseases is high in the Latin American countries, which, in turn, is expected to drive demand for manufacturing services.
Latin America Cell And Gene Therapy Manufacturing Market Therapy Type Outlook (Revenue, USD Million , 2018-2030)
Gene Therapy
Cell Therapy
Latin America Cell And Gene Therapy Manufacturing Market Scale Outlook (Revenue, USD Million , 2018-2030)
Pre-commercial/ R&D Scale
Commercial Scale
Latin America Cell And Gene Therapy Manufacturing Market Mode Outlook (Revenue, USD Million , 2018-2030)
Contract manufacturing
In house manufacturing
Latin America Cell And Gene Therapy Manufacturing Market Workflow Outlook (Revenue, USD Million , 2018-2030)
Cell Processing
Cell Banking
Process Development
Fill & Finish Operations
Analytical & Quality Testing
Raw Material Testing
Vector Production
Others
Latin America Cell And Gene Therapy Manufacturing Market Indication Outlook (Revenue, USD Million , 2018-2030)
Acute Lymphoblastic Leukemia (ALL)
Inherited Retinal Disease
Malignancies
Musculoskeletal therapies
Autoimmune disorders
Dermatology
Large B-Cell Lymphoma
Spinal Muscular Atrophy (SMA)
Others
Reasons to subscribe to Cell And Gene Therapy Manufacturing Market Outlook databook
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Cell And Gene Therapy Manufacturing Market Outlook databook
Our clientele includes a mix of Cell And Gene Therapy Manufacturing Market Outlook companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Cell And Gene Therapy Manufacturing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Cell And Gene Therapy Manufacturing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Cell And Gene Therapy Manufacturing Market, 2018-2030 (US$M)