Feb 5, 2025
Blog Top 5 Companies Shaping the Cell & Gene Therapy Market
Cell and Gene Therapy Tools and Reagents are the special products and materials that scientists and researchers use to develop and improve treatments based on cell and gene therapies. These therapies aim to treat or cure diseases by altering a person’s cells or genes.
Cell Therapy: Involves using healthy cells to replace or repair damaged ones. For example, stem cells can be used to help regenerate tissues or repair organs.
Gene Therapy: Aims to treat genetic diseases by changing or repairing the genes inside a person’s cells. It can involve adding new genes or fixing the ones that are causing problems.
To make these therapies work, researchers need tools (like special machines) and reagents (chemical substances, like growth factors or viruses) to help grow cells, deliver genes, or monitor progress. These tools and reagents help ensure that cells are grown in the right conditions and that the gene-editing process is done accurately.
In simple terms, tools and reagents are like the ingredients and equipment you need to cook up a recipe—except in this case, the recipe is for making new treatments that could cure diseases!
According to BCC Research, the global market for Cell and Gene Therapy Tools, and Reagents: Global Markets is showing remarkable growth, driven by several key factors. As of 2024, the market was valued at approximately $10.0 billion and is projected to grow to $16.7 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.8%.
In 2020, Novartis acquired Vedere Bio, a company focused on vision restoration gene therapy, and in 2021, it purchased Gyroscope Therapeutics for $1.5 billion to enhance its gene therapy portfolio, including treatments for eye diseases like geographic atrophy.
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Divya Dhamija is a Senior Executive of Marketing Operations at BCC Research, with a master’s degree in business. She specializes in optimizing marketing strategies and content creation and is dedicated to driving organizational growth through strategic marketing initiatives.
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