Advanced Therapy Medicinal Products Market Regional Analysis:
North American Market Insights
The North America advanced therapy medicinal products market, amongst the market in all the other regions, is projected to hold the largest industry share of 44% by 2035. The market growth in North America is attributed to higher cases of cancer and neurological disorder followed by investment by private companies for the development of advanced therapy medicinal products. In 2022, around 600,000 deaths are attributed to the cancer cases and nearly 2 million new cases of cancer were diagnosed in the United States. Furthermore, in 2019, Pfizer Inc. a leading U.S. based pharmaceutical company announced the investment of USD 500 million to expand the gene therapy manufacturing unit in Sanford, North Carolina.