Advanced Therapeutics Pharmaceutical Outsourcing Market Size Forecast: Revenue and CAGR by 2029
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What Market Value Is The Advanced Therapeutics Pharmaceutical Outsourcing Industry Expected To Reach By 2029, Starting From 2025 Levels?
The advanced therapeutics pharmaceutical outsourcing market has experienced steady expansion in its size over recent years. Its value is projected to rise from $8.07 billion in 2024 to $8.41 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.2%. The increase observed in past periods can be attributed to several factors, including the development of biopharmaceutical infrastructure, adherence to regulatory compliance, a growing need for innovative drugs to address chronic and life-threatening diseases, enhanced efficiency, and the rising demand for personalized medicine.
The market for advanced therapeutics pharmaceutical outsourcing is anticipated to experience consistent expansion in the coming years. This market is projected to reach ” $10.21 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.0%. This growth during the forecast period can be attributed to several factors, including the expanding adoption of cell and gene therapies, a heightened focus on mRNA therapies, the escalating demand for innovative treatments, the enhanced efficiency and cost-effectiveness offered by outsourcing partners, and collaborative developments. Key trends anticipated for the forecast period encompass technological progress, an increase in specialized knowledge within advanced therapeutics, a growing number of innovative therapies in development, the incorporation of advanced technology, and swift developments in gene therapy, cell therapy, and mRNA technologies.
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What Are The Drivers Pushing New Developments In The Advanced Therapeutics Pharmaceutical Outsourcing Market?
The advanced therapeutics pharmaceutical outsourcing market is anticipated to expand due to the growing acceptance of cell and gene therapies in the future. These innovative treatments, known as cell and gene therapies, utilize living cells or genetic material to address or remedy various diseases. Within cell and gene therapies, advanced therapeutics pharmaceutical outsourcing serves to grant access to expert providers with established histories and skilled staff, thereby allowing companies to conserve time and resources that would otherwise be spent on team formation. As an illustration, a report from Nature, a UK-based scientific journal, indicated in November 2023 that the count of new patients receiving gene therapies is projected to rise significantly, from 16,244 in 2020 to 94,696 in 2025. Consequently, the expanding use of cell and gene therapies is fostering the expansion of the advanced therapeutics pharmaceutical outsourcing market.
What Are The Primary Types Of Segments Analyzed In The Advanced Therapeutics Pharmaceutical Outsourcing Market?
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
Subsegments:
1) By Contract Research Organizations (CROs): Preclinical Research Services, Clinical Trial Management Services, Regulatory Affairs Services, Data Management And Biostatistics
2) By Contract Development And Manufacturing Organizations (CDMOs): Drug Development Services, Formulation Development, Analytical Testing Services, Commercial Manufacturing Services
How Are Trends Influencing The Advanced Therapeutics Pharmaceutical Outsourcing Market?
Key companies active in the advanced therapeutics pharmaceutical outsourcing market are concentrating on strategic alliances to offer dependable services to their customers. A strategic partnership is defined as a cooperative arrangement between two or more entities, typically businesses, established to achieve shared advantageous goals that each partner could not attain on its own. For example, in January 2023, Lonza, a manufacturing company from Switzerland catering to the pharmaceutical, biotechnology, and nutrition sectors, formed a partnership with Context Therapeutics Inc., a US-based biopharmaceutical company focused on progressing medicines for solid tumors. This alliance involves Lonza delivering manufacturability assessment, gene and cell line construction, and process development for both the drug substance and drug product.
Who Are The Primary Competitors In The Global Advanced Therapeutics Pharmaceutical Outsourcing Market?
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
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Which Geographies Are Emerging As Strong Markets For The Advanced Therapeutics Pharmaceutical Outsourcing Industry?
North America was the largest region in the advanced therapeutics pharmaceutical outsourcing market in 2024. 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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