Asia Pacific Cell And Gene Therapy Clinical Trials Market Size & Outlook
Asia Pacific cell and gene therapy clinical trials market, 2018-2030 (US$M)
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Asia Pacific cell and gene therapy clinical trials market highlights
- The Asia Pacific cell and gene therapy clinical trials market generated a revenue of USD 1,633.9 million in 2023.
- The market is expected to grow at a CAGR of 15.6% from 2024 to 2030.
- In terms of segment, phase ii was the largest revenue generating phase in 2023.
- Phase III is the most lucrative phase segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,633.9 million |
| Market revenue in 2030 | USD 4,499.3 million |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Phase ii |
| Fastest growing segment | Phase III |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III, Phase IV |
| Key market players worldwide | IQVIA Holdings Inc, Icon PLC, Labcorp Holdings Inc, Charles River Laboratories International Inc, PAREXEL, Syneos Health, Medpace Holdings Inc, Thermo Fisher Scientific Inc, Veristat, Novotech |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.5% of the global cell and gene therapy clinical trials market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,499.3 million by 2030.
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Cell And Gene Therapy Clinical Trials Market Scope
Cell And Gene Therapy Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cell and gene therapy clinical trials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cell and gene therapy clinical trials market will help companies and investors design strategic landscapes.
Phase ii was the largest segment with a revenue share of 50.35% in 2023. Horizon Databook has segmented the Asia Pacific cell and gene therapy clinical trials market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest-growing market as many developed economies are outsourcing clinical trials to Asia Pacific countries, such as China, India, and South Korea. In addition, the recruitment for clinical trials is increasing in Asia Pacific as compared to North America and Europe, due to the large & diverse patient pools available in these countries.
Developed clinical research infrastructure, strong hospital network, and availability of skilled medical practitioners are further supporting growth of Asia Pacific market. As per the Novotech’s CEO, Asia pacific is now recognized by clinical phase biotechnology firms for accelerated patient enrollment especially in infectious diseases, oncology, metabolic conditions, immuneoncology, and rare diseases as well as low cost of clinical research combined with experienced investigators & research teams.
The clinical research activity has increased by 10% each year over the past few years. Clinical research in the region is well established with many international pharmaceutical companies & CROs having been in the region for more than 2 decades. There are also key opinion leaders, and centers of excellence across various therapeutic areas in the region. For instance, Seoul National University Hospital, and the National Taiwan University with expertise in oncology & cardiovascular diseases.
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Target buyers of Asia Pacific cell and gene therapy clinical trials market databook
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Our clientele includes a mix of cell and gene therapy clinical trials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cell and gene therapy clinical trials market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cell and gene therapy clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cell and gene therapy clinical trials market size, by country, 2018-2030 (US$M)
Asia Pacific Cell And Gene Therapy Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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