Cell Therapy Clinical Trial Services Market – By Service (Clinical Trial Design & Planning, Regulatory Affairs & Compliance), Phase (I, II, III, IV), Indication (Oncology, Cardiovascular), End-use (Pharma & Biotech, CRO) – Global Forecast (2024 – 2032)
Report ID: GMI9333
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Published Date: May 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 282
Countries covered: 22
Pages: 172
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Cell Therapy Clinical Trial Services Market Size
Cell Therapy Clinical Trial Services Market size was valued at USD 2.6 billion in 2023, growing at a CAGR of 10.6% between 2024 and 2032. The global market is experiencing dynamic growth driven by factors such as the growing prevalence of chronic diseases such as cancer, cardiovascular diseases, and autoimmune disorders that increase the demand for innovative treatments like cell therapy, leading to more clinical trials.
Moreover, continuous advancements in cell therapy technologies, such as CAR-T cell therapy and stem cell therapy, are expanding the scope of clinical trials services, thus, driving the market growth. For instance, in February 2024, BioNTech SE a next-generation immunotherapy company and Autolus Therapeutics plc a clinical-stage biopharmaceutical company developing next-generation programmed T-cell therapies, announced a strategic collaboration aimed at advancing both companies’ autologous CAR-T programs towards commercialization and pending regulatory authorizations. In connection with the strategic collaboration, the companies entered into a license and option agreement and a securities purchase agreement. Thus, the collaboration with Autolus enables BioNTech SE to expand BNT211 program into trials for multiple cancer indications in a cost-efficient way. Thus, widespread usage of regulatory services will spur the market growth.
Cell therapy clinical trial services encompass a range of activities and support mechanisms provided by specialized organizations to facilitate the planning, execution, and management of clinical trials focused on cell-based therapies. These services are designed to assist pharmaceutical companies, biotechnology firms, academic institutions, and other stakeholders in navigating the complex process of conducting clinical trials for cell therapies.
Cell Therapy Clinical Trial Services Market Trends
The rise in the prevalence of chronic and genetic diseases has sparked a corresponding increase in the demand for cell therapy. Also, the increase in the number of research & development activities in the field of cell therapy has increased the demand for clinical trial services that is anticipated to boost the growth of the market.
Cell Therapy Clinical Trial Services Market Analysis
Based on the service, the global market is classified into clinical trial design and planning, supply & logistics services, regulatory affairs & compliance, data management & biostatics, site management & monitoring, and other services. The regulatory affairs & compliance segment dominated the market with revenue of USD 662.4 million in 2023.
Based on the phase, the global cell therapy clinical trial services market is classified into phase I, phase II, phase III, and phase IV. The phase II segment dominated the market with market share of 35.2% in 2023.
Based on the indication, the global cell therapy clinical trial services market is classified into oncology, hematology, neurology, cardiovascular diseases, musculoskeletal disorders, and other indications. The oncology segment is expected to reach USD 2.8 billion by end of 2032.
Based on end-use, the cell therapy clinical trial services market is classified into pharmaceutical & biotechnology companies, contract research organizations, academic & research institutes, and other end-users. The pharmaceutical & biotechnology companies’ segment is expected to exhibit 10.9% CAGR between 2024 - 2032.
In 2023, North America secured a substantial market share of 43.2% in the global cell therapy clinical trial services market and is expected to dominate throughout the forecast period.
Germany to experience the highest growth rate in the market, outstripping other countries in Europe in the assessment period.
The Asia Pacific cell therapy clinical trial services market is expected to grow with a significant CAGR during the forecast period.
Cell Therapy Clinical Trial Services Market Share
The competitive landscape of the cell therapy clinical trial services industry is characterized by the presence of established pharmaceutical & biotechnology companies along with CROs that collaborates to provide cell therapy clinical trial services vying for market share. Key players are engaging in strategic initiatives such as collaboration, investment, and partnerships to strengthen their service portfolio. The companies are actively adopting a multi-pronged approaches to address the rising demand for cell therapy clinical trial services.
Cell Therapy Clinical Trial Services Market Companies
Prominent players operating in the market are as mentioned below:
Cell Therapy Clinical Trial Services Industry News:
The cell therapy clinical trial services market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Service
Market, By Phase
Market, By Indication
Market, By End-use
The above information is provided for the following regions and countries: