Advanced Therapeutics Pharmaceutical Outsourcing Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends
Posted by ramtbrc on May 7th, 2024
Overview and Scope
Advanced Therapeutic Pharmaceutical Outsourcing refers to contracting out specialized pharmaceutical services related to advanced therapeutic products. These products often include advanced therapies such as cell and gene therapies, personalized medicines, biologics, and other novel treatments. They are used to obtain specialized expertise and capabilities in producing, testing, and developing advanced therapeutic products.
Sizing and Forecast
The advanced therapeutics pharmaceutical outsourcing market size has grown strongly in recent years. It will grow from .64 billion in 2023 to .07 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growth in biopharmaceutical infrastructure, regulatory compliance, increasing demand for novel drugs to treat chronic and life-threatening diseases, improved efficiency, and growing demand for personalized medicine.
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Segmentation & Regional Insights
The advanced therapeutics pharmaceutical outsourcing market covered in this report is segmented
1) By Service Type: Contract Research Organizations (CROs), Contract Development And Manufacturing Organizations (CDMOs)
2) By Indication: Oncology, Neurology, Cardiology, Infectious Diseases, Other Indications
3) By Therapy: Cell Therapy, Gene Therapy, RNA-based Therapies
4) By Application: Preclinical Services, Clinical Services, Commercial Manufacturing And Packaging
North America was the largest region in the advanced therapeutics pharmaceutical outsourcing market in 2023. The regions covered in the advanced therapeutics pharmaceutical outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of cell and gene therapies is expected to propel the growth of the advanced therapeutics pharmaceutical outsourcing market going forward. Cell and gene therapies are innovative treatments that use living cells or genetic material to treat or cure diseases. Advanced therapeutics pharmaceutical outsourcing is used in cell and gene therapies to offer access to providers with proven track records and experienced personnel, saving companies time and resources in building their teams. For instance, in November 2023, according to a report by Nature, a UK-based scientific journal, the number of new patients treated with gene therapies is expected to increase from 16,244 in 2020 to 94,696 in 2025. Therefore, the increasing adoption of cell and gene therapies is driving the growth of the advanced therapeutics pharmaceutical outsourcing market.
Key Industry Players
Major companies operating in the advanced therapeutics pharmaceutical outsourcing market report are Thermo Fisher Scientific Inc., Laboratory Corporation of America Holdings, IQVIA, ICON plc, SGS SA, Lonza Group, Parexel International Corporation, WuXi AppTec, Syneos Health, Catalent Inc., Charles River Laboratories International, Recipharm AB, Croda International Plc, Samsung Biologics, Vetter Pharma International GmbH, Medpace Holdings Inc., Fujifilm Diosynth Biotechnologies, Marken, AGC Biologics, Evotec SE, ProPharma Group, Piramal Pharma Solutions, Corden Pharma International LLC, Novotech Pty Ltd., Cryoport Systems Inc., Cytovance Biologics
The advanced therapeutics pharmaceutical outsourcing market report table of contents includes:
1. Executive Summary
2. Advanced Therapeutics Pharmaceutical Outsourcing Market Characteristics
3. Advanced Therapeutics Pharmaceutical Outsourcing Market Trends And Strategies
4. Advanced Therapeutics Pharmaceutical Outsourcing Market - Macro Economic Scenario
5. Global Advanced Therapeutics Pharmaceutical Outsourcing Market Size and Growth
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32. Global Advanced Therapeutics Pharmaceutical Outsourcing Market Competitive Benchmarking
33. Global Advanced Therapeutics Pharmaceutical Outsourcing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Advanced Therapeutics Pharmaceutical Outsourcing Market
35. Advanced Therapeutics Pharmaceutical Outsourcing Market Future Outlook and Potential Analysis
36. Appendix
