Estimated Value And Market Size

Advanced Therapy Medicinal Products Market to Reach US$9098 Billion by 2030

Estimated Value and Market Size

The global market for Advanced Therapy Medicinal Products (ATMPs) is estimated at US$108 billion in 2023 and is projected to reach an astounding US$9098 billion by 2030, according to a recent report by Globe Newswire.

Growth Drivers and Opportunities

The ATMP market is experiencing significant growth due to factors such as: * Increasing prevalence of chronic diseases * Technological advancements in gene editing and cell therapy * Government initiatives to support ATMP research and development

Key Product Segments and Applications

The ATMP market includes various product segments, including: * Gene therapies * Cell therapies * Tissue engineering products These products are used to treat a wide range of diseases, such as: * Cancer * Genetic disorders * Immune system deficiencies