China Cell And Gene Therapy Clinical Trials Market Size & Outlook
China cell and gene therapy clinical trials market, 2018-2030 (US$M)
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China cell and gene therapy clinical trials market highlights
- The China cell and gene therapy clinical trials market generated a revenue of USD 574.1 million in 2023 and is expected to reach USD 1,584.9 million by 2030.
- The China 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 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 574.1 million |
| Market revenue in 2030 | USD 1,584.9 million |
| Growth rate | 15.6% (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, China accounted for 6.1% 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 Asia Pacific, China cell and gene therapy clinical trials market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 878.9 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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China 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 51.16% in 2023. Horizon Databook has segmented the China 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.
China is also a lucrative market for cell and gene therapy clinical trials owing to the government initiatives to regulate the cell and gene therapy clinical trials as per the global standards and better infrastructure, which includes 4,000 hospital beds. Initially in China, CDE was responsible was regulating the cell and gene therapy clinical trials.
Realizing the potential of the CRO market and the need for regulating cell and gene therapy clinical trials as per the global standards, in 2013, a new body by combining six regulatory systems were formed. They named it as China Food and Drug Administration (CFDA). CR Medicon, a China-based CRO, states that China is a preferred country for conducting clinical trials due to high recruitment rate of patients.
It states that several pharmaceutical companies have achieved patient recruitment milestones in the country for conducting clinical trials. Although the country has high patient recruitment rates, China lacks advanced infrastructure to support clinical research, which is expected to hinder its market to a certain extent.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China cell and gene therapy clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into China cell and gene therapy clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cell and gene therapy clinical trials market size, by phase, 2018-2030 (US$M)
China Cell And Gene Therapy Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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