"Key Drivers Impacting Executive Summary Advanced Therapy Medicinal Products Market Size and Share

The global advanced therapy medicinal products market size was valued at USD 34.65 billion in 2024 and is projected to reach USD 93.43 billion by 2032, with a CAGR of 13.20% during the forecast period of 2025 to 2032.

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Advanced Therapy Medicinal Products Industry Trends

• Segments*
• Type: The advanced therapy medicinal products market can be segmented based on type into cell-based therapy, gene therapy, and tissue-engineered product. Cell-based therapy is expected to hold a significant share in the market as it involves the use of cells to treat diseases and regenerate damaged tissues.
• Application: Segmentation by application includes oncology, rare diseases, orthopedic disorders, neurological disorders, and others. Oncology is anticipated to dominate the market due to the increasing prevalence of cancer worldwide.
• End-User: The market can also be segmented based on end-users like hospitals, clinics, regenerative medicine centers, and others. Hospitals are projected to be the major users of advanced therapy medicinal products as they are equipped to provide complex treatments.
• Market Players*
• Novartis AG: Novartis is a key player in the advanced therapy medicinal products market, offering a range of cell and gene therapies for various diseases.
• Gilead Sciences, Inc.: Gilead Sciences is another prominent player known for its research and development in gene therapy treatments.
• Spark Therapeutics: Spark Therapeutics is focused on gene therapy and has significant expertise in this area, contributing to the market's growth.
• Vericel Corporation: Vericel Corporation specializes in tissue-engineered products, making them a vital player in this segment of the market.
• Celgene Corporation: Celgene has a strong presence in the advanced therapy medicinal products market with a focus on cell-based therapies for treating cancer and other diseases.

The global advanced therapy medicinal products market is witnessing substantial growth due to the rising prevalence of chronic diseases, advancements in healthcare technology, and increasing investments in research and development. The market players mentioned above are actively involved in product innovations, collaborations, and strategic partnerships to strengthen their market position. This market analysis provides valuable insights for stakeholders looking to expand their presence in the lucrative advanced therapy medicinal products market.

The global advanced therapy medicinal products market is poised for significant expansion driven by various factors shaping the healthcare landscape. One key trend influencing the market is the increasing focus on personalized medicine, which caters to individual patient needs and genetic makeup. Advanced therapies like cell-based therapy and gene therapy align well with the principles of personalized medicine, offering targeted treatments with potentially higher efficacy and fewer side effects compared to traditional pharmaceuticals. This trend is expected to fuel the demand for advanced therapy medicinal products as healthcare providers and patients seek more tailored and efficient treatment options.

Moreover, the regulatory landscape governing advanced therapy medicinal products is evolving to accommodate the unique characteristics of these innovative treatments. Regulatory bodies around the world are working to establish clear guidelines and pathways for the approval and commercialization of advanced therapies, ensuring patient safety while fostering innovation in the biopharmaceutical sector. This regulatory support provides a conducive environment for market players to invest in research and development, knowing that their efforts to bring novel therapies to market are valued and recognized by authorities.