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Gene Therapy Clinical Trial Services Market Trends

Report ID: GMI9312 Published Date: April 2024Report Format: PDF
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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.

  • For instance, in May 2023, Central Pharma collaborated with CSafe's, an extensive network of pharmaceutical service providers worldwide, to offer a complementary service network supporting cell and gene therapy products. This partnership sought to broaden supply chain offerings for cell and gene therapy products at the entire developmental stages.

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.

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

How much is the gene therapy clinical trial services industry worth?+

The 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, attributed to the global rise in genetic disorders and chronic diseases.

Why is the demand for gene therapy clinical trial services rising in pharmaceutical & biotechnology companies?+

The pharmaceutical & biotechnology companies end-use segment in the market may record USD 1.1 billion in revenue by 2032, due to their substantial R&D investments.

Why are gene therapy clinical trial services popular in Asia Pacific?+

Asia Pacific gene therapy clinical trial services market size will grow at 9.6% CAGR between 2024 and 2032 due to increasing healthcare expenditure.

Who are the major gene therapy clinical trial services industry players?+

Almac Group, Catalent Biologics, Charles River Laboratories International, Inc., ICON plc, IQVIA Biotech, Labcorp Drug Development, Medpace Holdings, Inc., Novotech, and Parexel International (MA) Corporation among others.

Gene Therapy Clinical Trial Services Market Scope

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