Advanced Therapeutics Pharmaceutical Outsourcing Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the advanced therapeutics pharmaceutical outsourcing market grown over the years?
In recent years, the advanced therapeutics pharmaceutical outsourcing market has shown a consistent rise in its size. The market is projected to increase from $8.07 billion in 2024 to $8.43 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.5%. Factors accounting for the growth during the historic period include the expansion of the biopharmaceutical infrastructure, regulatory adherence, the rising demand for innovative drugs for chronic and serious illnesses, enhanced efficiency, and an increasing demand for personalized medical treatment.
What Is the forecasted market size and growth rate for the advanced visualization market?
In the coming years, the advanced therapeutics pharmaceutical outsourcing market is projected to register robust growth. The market is set to expand to $10.27 billion in 2029, with a compound annual growth rate (CAGR) of 5.1%. This anticipated growth during the forecast period is due to various factors such as an increasing preference for cell and gene therapies, a heightened emphasis on mRNA therapies, a surge in demand for state-of-the-art treatments, the provision of cost-efficient and effective solutions by outsourcing partners, and combined creativity. The forecast period will also see major trends such as technological innovation, intensifying expertise in advanced therapeutics, an upswing in the pipeline of inventive therapies, incorporation of avant-garde technology, and swift progress in gene therapy, cell therapy, and mRNA technologies.
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What are the major factors driving growth in the advanced therapeutics pharmaceutical outsourcing market?
The growth of the advanced therapeutics pharmaceutical outsourcing market is anticipated to accelerate due to the growing acceptance of cell and gene therapies. These innovative therapies utilize living cells or genetic material to treat or cure diseases. By incorporating advanced therapeutics pharmaceutical outsourcing in cell and gene therapies, companies gain access to providers with established records of success and experienced staff, thereby saving the cost and time needed to develop their own teams. As an example, a report from the UK-based scientific journal, Nature, revealed in November 2023 that the number of new patients receiving gene therapy is projected to surge from 16,244 in 2020 to 94,696 in 2025. As a result, the burgeoning adoption of cell and gene therapies is propelling the advancement of the advanced therapeutics pharmaceutical outsourcing market.
What key areas define the segmentation of the global 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
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What are the top market players propelling the growth of the advanced therapeutics pharmaceutical outsourcing industry?
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
What are the key trends shaping the future of the advanced therapeutics pharmaceutical outsourcing market?
Prominent firms within the advanced therapeutics pharmaceutical outsourcing market are honing in on strategic collaborations in order to deliver dependable services to clients. This refers to a cooperative relationship established between two or more entities, often businesses, with the aim of reaching common advantageous objectives which they could not attain individually. For example, in the first month of 2023, a Swiss manufacturer catering to the pharmaceutical, biotechnology, and nutrition industries called Lonza, entered into a partnership with Context Therapeutics Inc., a biopharmaceutical firm based in the US that develops medicines for solid tumors. This cooperation entails Lonza’s involvement in evaluating manufacturability, constructing genes and cell lines, and developing processes for the drug substance and drug product.
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What regions are dominating the advanced therapeutics pharmaceutical outsourcing market growth?
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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