The US Advanced Therapy Medicinal Products (ATMPs) market is projected to grow from $4.3 Bn in 2022 to $9.8 Bn by 2030, registering a CAGR of 11% during the forecast period of 2022-30. One of the key drivers of growth in the US ATMP market is the increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases. These diseases often require long-term treatment, and ATMPs offer a promising new approach to treating them. Additionally, advances in gene editing technologies such as CRISPR/Cas9 have increased the potential for ATMPs to cure genetic disorders. Some of the major players are Novartis International AG, Gilead Sciences, Inc., Bluebird Bio, Inc., Spark Therapeutics, Inc., and Kite Pharma, Inc.
It is anticipated that the US Advanced Therapy Medicinal Products (ATMPs) market will increase from $4.3 Bn in 2022 to $9.8 Bn by 2030, recording a CAGR of 11% over the forecast period of 2022-30.
Innovative therapies known as advanced therapy medicinal products (ATMPs) employ living cells, tissues, or genes to treat or cure illness. Due to the fact that they provide a fresh approach to treating complicated and life-threatening illnesses, these treatments are gaining popularity in the US. One of the major markets for ATMPs in the world, the US market is anticipated to expand dramatically over the coming few years.
The rising incidence of chronic illnesses including cancer, diabetes, and cardiovascular diseases is one of the main factors boosting the US ATMPs market. ATMPs provide a promising novel therapeutic strategy for the treatment of many disorders, which frequently require long-term care. Likewise, the potential for ATMPs to treat genetic abnormalities has expanded as a result of developments in gene editing tools like CRISPR/Cas9.
By establishing a regulatory environment that promotes the development of these treatments, the US Food and Drug Administration (FDA) has also significantly contributed to the expansion of the ATMPs industry. The FDA has expedited the approval procedure for these treatments and created a specialized office to supervise the creation and approval of ATMPs.
The US ATMPs market is divided into 3 product categories:
The largest category is gene therapy, which has the ability to treat genetic illnesses by changing or replacing defective genes. Cell therapy, which uses live cells to replace or repair damaged tissues, is another important subsegment.
Notwithstanding the potential advantages of ATMPs, the US market faces a number of difficulties. Several of these medicines require specific manufacturing procedures, and their development is frequently time-consuming and costly. Access to these treatments may also be hampered by their high cost, and certain ATMPs' long-term effectiveness and safety have been questioned.
As these novel medicines provide a fresh approach to treating complicated and life-threatening illnesses, the US ATMPs market is anticipated to expand significantly over the next years. To guarantee the long-term viability of these medicines, the industry will need to solve a number of issues.
Market Growth Drivers
Key Players
These companies are among the leading developers and manufacturers of advanced therapy medicinal products in the United States. They are involved in the development of innovative treatments for a variety of diseases and conditions using cutting-edge technologies such as gene therapy, cell therapy, and gene editing. These companies are also investing heavily in research and development to bring new treatments to market and meet the growing demand for advanced therapies
The American healthcare regulatory and policy environment is complicated and ever-changing. The following are some crucial elements of the healthcare policy and regulatory environment.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Product Type (Revenue, USD Billion):
By Disease Type (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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