Scienza e Tecnologia
The cell and gene therapy CROs market is anticipated to grow at an annualized rate of 18% by 2035, claims Roots Analysis
In order to mitigate the challenges associated with the cell and gene therapies research and development, around 50-60% of the developers prefer to outsource their operations to contract research organizations (CROs), which claim to have the required expertise and experience to leverage their capabilities and yield cost savings opportunities.
https://www.rootsanalysis.com/reports/view_document/cell-and-gene-therapy-cros-market/230.html
This segment of the industry is dominated by the presence of mid-sized (51-500 employees) and small (2-51 employees) players, which collectively represent more than 70% of the total CROs in this domain. In addition, about 20% of the firms were founded post 2010.
Nearly 21% of the total industry stakeholders have the required capabilities for cell and gene therapies at the commercial scale. In addition, 16% CROs are capable of providing contract research services for discovery purposes.
Acquisitions and mergers emerged as the most popular type of partnership model adopted by industry stakeholders (54%), followed by service agreements (20%). Further, most of the deals were inked by players based in North America (58%).
Majority of the deals were intracontinental (72%), involving participants from different countries. Geographical consolidation and portfolio addition were observed to be the major key value drivers of M&A activity, followed by service portfolio and geographical expansion (28%, each).
Of the total, close to 79% of the studies are active and recruiting patients, followed by those that have already been completed (7%). It is important to highlight that more than 20% of cell and gene therapy focused-clinical trials are currently in phase II.
In terms of scale of operation, the current market is driven by clinical operations (55%); this trend is unlikely to change in the foreseen future as well. Further, based on area of expertise, majority of the revenue share (61%) of the overall market in 2035 is likely to be driven by cell therapies.
The financial opportunity within the cell and gene therapy CROs market has been analyzed across the following segments:
The report includes profiles of key players ( ) engaged in the offering CRO services for cell and gene therapies, across both preclinical and clinical scales of operation; each profile features a brief overview of the company, along with details related to its cell and gene therapies-related service portfolio, recent developments, and an informed future outlook.
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Gaurav Chaudhary
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Gaurav.Chaudhary@rootsanalysis.com
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