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.
The clinical trial market in Canada is driven by the huge investment made by the government and various contract received by global players. 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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Target buyers of Canada 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 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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