India Cell And Gene Therapy Clinical Trials Market Size & Outlook
India cell and gene therapy clinical trials market, 2018-2030 (US$M)
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India cell and gene therapy clinical trials market highlights
- The India cell and gene therapy clinical trials market generated a revenue of USD 311.6 million in 2023 and is expected to reach USD 878.9 million by 2030.
- The India market is expected to grow at a CAGR of 16% from 2024 to 2030.
- In terms of segment, phase ii was the largest revenue generating phase in 2023.
- Phase IV 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 311.6 million |
| Market revenue in 2030 | USD 878.9 million |
| Growth rate | 16% (CAGR from 2023 to 2030) |
| Largest segment | Phase ii |
| Fastest growing segment | Phase IV |
| 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, India accounted for 3.3% 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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India 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 45.35% in 2023. Horizon Databook has segmented the India 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.
India has rapidly become one of the favored sites for clinical trials due to presence of a large, diversified patient pool, fast-developing healthcare sector, highly educated physicians, and cost competitiveness. Furthermore, growing investment from overseas firms for research is expected to support market growth over the forecast period.
The outsourcing of clinical trials has significantly increased in the country owing to cost-effectiveness, large patient pool, fast enrollment, and developing hospital network. Rise in the outsourcing of clinical trials is expected to positively impact the market. Hence, the regulatory changes have changed the Indian clinical trial scenario and saw a significant increase in the approval of Cell and Gene Therapy Clinical Trials form 84 in 2018 to 178 in 2017.
Further, the average time for the approval of clinical trial application reduced from 6 to 7 months in 2018 to an average of 4 months in 2017 & 2018. Hence, India now has the potential of becoming one of the largest hubs for cell and gene therapy clinical trials in the coming years.
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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 India cell and gene therapy clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into India cell and gene therapy clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cell and gene therapy clinical trials market size, by phase, 2018-2030 (US$M)
India Cell And Gene Therapy Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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