Gene Therapy Clinical Trial Services Market - By Services (Clinical Trial Design & Planning, Supply & Logistics, Regulatory, Data Management & Biostatistics), Therapeutic Areas (Oncology, Musculoskeletal, CVD), End-user – Global Forecast (2024 – 2032)
Report ID: GMI9312
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Published Date: April 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 13
Tables & Figures: 248
Countries covered: 22
Pages: 170
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Gene Therapy Clinical Trial Services Market Size
Gene Therapy Clinical Trial Services Market size was valued at USD 1.1 billion in 2023 and is estimated to grow at 9.2% CAGR from 2024 to 2032. The market has witnessed significant expansion attributed to the global rise in genetic disorders and chronic diseases.
The growing focus on genetic mechanisms has intensified efforts toward developing gene-based therapies for previously non-curable conditions. This has prompted substantial investments in gene therapy clinical trials by pharmaceutical and biotech companies, and academic institutions, thereby spurring the demand for specialized services. For instance, by the end of 2023, there was a global launch of 76 cell and gene therapies, accounting more than double the number in 2013. This show an escalated research activities and clinical studies. Thus, widespread adoption of clinical trial services in gene therapy sector will foster the market growth.
Gene therapy clinical trial services refer to a comprehensive range of specialized services provided throughout the various stages of clinical trials aimed at evaluating the safety, efficacy, and feasibility of gene therapy interventions. These services include trial design, patient recruitment, regulatory compliance, data management, monitoring, and manufacturing support tailored to meet the unique requirements of gene therapy research protocols.
Gene Therapy Clinical Trial Services Market Trends
The growing prevalence of genetic disorders and chronic diseases has led to a surge in the number of gene therapy clinical trial studies. This trend reflected the growing demand for clinical trial services to support the planning, execution, and oversight of studies. Therefore, to address the clinical trial service requirements, service-based companies are consistently expanding their networks to provide efficient services that would meet the clinical study demands, aiming to capitalize on market opportunities.
Therefore, increasing research funding expediting research activities, growing advancements in gene therapy technologies, and expanding the clinical service network fosters the market demand for comprehensive solutions in the healthcare sector.
Gene Therapy Clinical Trial Services Market Analysis
Based on services, the market is categorized into clinical trial design & planning, supply & logistics services, regulatory services, data management & biostatistics, site management & monitoring, and other services. The regulatory services segment is poised to lead the market, with projections to reach a value of USD 561.1 million by the end of 2032.
Based on therapeutic area, the gene therapy clinical trial services market is classified into oncology, hematology, endocrine/ metabolic disorders, musculoskeletal diseases, cardiovascular diseases (CVD), neurology disorders, infectious diseases, ophthalmology, immunology, and other therapeutic areas. The oncology segment hold the largest market share of 38.8% in 2023 and is expected to maintain dominance throughout the analysis period.
Based on the end-user, the gene therapy clinical trial services market is segmented into pharmaceutical and biotechnology companies, contract research organizations (CROS), academic and research institutes, and other end-users. The pharmaceutical & biotechnology companies segment accounted for the largest revenue share in the market expected to account for USD 1.1 billion by 2032.
The U.S. dominated the North American gene therapy clinical trial services market accounting for USD 494.5 million in 2023 and is anticipated to show significant growth over the analysis period.
Germany exhibited a high growth potential in the European gene therapy clinical trial services market.
The Asia Pacific gene therapy clinical trial services market is poised for rapid growth with a CAGR of 9.6% during the forecast period.
Gene Therapy Clinical Trial Services Market Share
The gene therapy clinical trial services industry is characterized by rapid growth and innovation, driven by increasing investment in R&D, rising prevalence of genetic disorders, and advancements in biotechnology. Major service providers focus on offering a range of services such as regulatory consulting, patient recruitment, and data management. Additionally, collaborations between industry and academia, along with supportive regulatory frameworks, contribute to a dynamic market landscape with significant opportunities for growth and advancement in gene therapy treatments.
Gene Therapy Clinical Trial Services Market Companies
Some of the prominent players operating in the gene therapy clinical trial services industry include:
Gene Therapy Clinical Trial Services Industry News:
The gene 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 Services
Market, By Therapeutic Area
Market, By End-user
The above information is provided for the following regions and countries: