Canada Cell And Gene Therapy Clinical Trials Market Size & Outlook
Canada cell and gene therapy clinical trials market, 2018-2030 (US$M)
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Canada cell and gene therapy clinical trials market highlights
- The Canada cell and gene therapy clinical trials market generated a revenue of USD 425.7 million in 2023 and is expected to reach USD 1,021.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, phase ii was the largest revenue generating phase in 2023.
- Phase II is the most lucrative phase segment registering the fastest growth during the forecast period.
Cell and gene therapy clinical trials market data book summary
| Market revenue in 2023 | USD 425.7 million |
| Market revenue in 2030 | USD 1,021.1 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Phase ii |
| Fastest growing segment | Phase II |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 4.6% of the global cell and gene therapy clinical trials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cell and gene therapy clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,955.8 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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Canada 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 55.46% in 2023. Horizon Databook has segmented the Canada 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.
According to Life Sciences in British Columbia: Sector Profile, published in June 2020, Canada is among the top three locations to conduct clinical trials globally. It states that multinational pharmaceutical companies conduct a large portion of their clinical trials in Canada, as the country has a world-class clinical trials environment.
The above factors are likely to contribute to Canada’s market growth over the forecast period. The initiative strengthens Canada’s position as a leader in regenerative medicines. Canadian incentive offers 15% non-refundable federal tax credit to CROs. The CRO is eligible for funding even if the sponsor is a foreign client.
Canadian CROs are expanding its presence in developing countries such as South and Central America to leverage from the market. Health Canada is a clinical trial database that provides information on Phase I, II, and III trials. This database helps the citizens look for a clinical trial relevant to their medical condition, and hence, facilitates easy patient recruitment and faster trial initiation.
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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 country-level data and insights on the Canada cell and gene therapy clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into Canada cell and gene therapy clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cell and gene therapy clinical trials market size, by phase, 2018-2030 (US$M)
Canada Cell And Gene Therapy Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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