Industry Background:
Cell encapsulation is the primary machinery for cell based therapeutic delivery system. Live cell encapsulation technology is used for immobilization of cells within the semipermeable membrane. The technique provides significant advantages as compared to protein encapsulation. The encapsulation of cells is used to allow the delivery of molecules of interest for a longer time as cells used to release these molecules of interest continuously. Further, ongoing technological advancements in live cell encapsulation and increasing public awareness about the clinical role of encapsulated cells in disease management is driving the global live cell encapsulation market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BioTime, Inc. (United States), Reed Pacific Pty Ltd. (Australia), Viacyte, Inc. (United States), Neurotech Pharmaceuticals, Inc. (United States), Living Cell Technologies Ltd. (Australia), Merck KGAA (Germany), Sigilon Therapeutics, Inc. (United States), Encapsys, LLC (United States), Evonik Industries (Germany), Lycored (Israel) and MiKroCaps (Slovenia) |
CAGR | 3.2% |
According to AMA, the market for Live Cell Encapsulation is expected to register a CAGR of 3.2% during the forecast period to 2027. This growth is primarily driven by Increasing Number of Target Patient Population, Growing Public & Private Investments in the field of Live Cell Encapsulation and Rising Clinical Data for the Efficacy of Cell Encapsulation Techniques.
Globally, a noticeable market trend is evident Increasing Adoption of Novel Drug Delivery System for the Treatment of Acute & Chronic Disease. The Life Sciences Tools & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BioTime, Inc. (United States), Reed Pacific Pty Ltd. (Australia), Viacyte, Inc. (United States), Neurotech Pharmaceuticals, Inc. (United States), Living Cell Technologies Ltd. (Australia), Merck KGAA (Germany), Sigilon Therapeutics, Inc. (United States), Encapsys, LLC (United States), Evonik Industries (Germany), Lycored (Israel) and MiKroCaps (Slovenia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
January 2019, PharmaCyte Biotech, Inc. a biotechnology company focused on developing targeted cellular therapies for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box PharmaCyte’s partner, Austrianova, has successfully encapsulated the live cells used in PharmaCyte’s therapy for its planned clinical trial in patients with locally advanced, non-metastatic, inoperable pancreatic cancer (LAPC). The cells are now growing and dividing inside the Cell-in-a-Box capsules.
In August 2018, Balchem Italia S.r.l., a wholly owned subsidiary of Balchem Corporation, acquired Bioscreen Technologies, S.r.l., a privately held manufacturer of encapsulated and fermented feed nutrition ingredients. With this, the company aims to expand its position in the market.
Market Drivers
- Increasing Number of Target Patient Population
- Growing Public & Private Investments in the field of Live Cell Encapsulation
- Rising Clinical Data for the Efficacy of Cell Encapsulation Techniques
Market Trend
- Increasing Adoption of Novel Drug Delivery System for the Treatment of Acute & Chronic Disease
Restraints
- Limited Availability of High Quality Raw Materials
- Lack of Skilled Professionals, Ethical & Legal Issues
Opportunities
Increasing Investments for the Development of Novel Therapeutics
Challenges
Significant Adoption of Alternative Therapies is posing a Challenge for the Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Live Cell Encapsulation Study Sheds Light on
The Live Cell Encapsulation Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Live Cell Encapsulation industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Live Cell Encapsulation industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.