PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518527
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518527
Global Gene Therapy Clinical Trial Services Market will record 9.2% CAGR during 2024-2032, driven by positive regulatory initiatives and growing investments in R&D.
The growing incidence of chronic ailments acts as a major growth driver in the market. According to WHO, noncommunicable diseases (NCDs) kill 41 million individuals annually, contributing to 74% of all deaths. Diseases, including cancer, cardiovascular disorders, and neurodegenerative conditions, have placed substantial burden on healthcare systems. Traditional treatment procedures offer superficial care or manage symptoms without addressing the underlying genetic causes of these diseases. Gene therapy provides an appealing approach to tackle NCDs at their roots, offering curative or disease-modifying treatments. As the incidence of chronic health diseases continues to surge globally, there is rising demand for innovative therapeutic solutions, thereby propelling market growth.
Global gene therapy clinical trial services industry is classified based on services, therapeutic areas, end-user, and region.
Supply chain & logistics service segment share will grow rapidly through 2032, as the complex nature of gene-based treatments, including personalized therapies and viral vectors, makes meticulous planning and execution of supply chain operations mandatory. From sourcing raw materials and managing cold chain logistics to ensuring on-time delivery of investigational products, these services are essential to conduct of gene therapy clinical trials. The service providers offer comprehensive supply chain solutions tailored to the specific demand of each trial, thereby allowing efficient and compliant trials.
Gene therapy clinical trial services market share from musculoskeletal disorders segment will witness a decent surge during 2024-2032, as these conditions, including degenerative joint diseases, muscular dystrophies, and bone disorders, impose a heavy burden on healthcare systems globally. Gene therapy holds a lot of potential in acknowledging the underlying genetic defects associated with these disorders, providing the possibility of disease modification and functional improvement. Clinical trials, that are focused on gene-based interventions for musculoskeletal disorders are thus gaining momentum, inducing demand for specialized services tailored to the unique requirements of these trials.
Europe gene therapy clinical trial services industry size will grow rapidly through 2032, owing to the robust healthcare infrastructure, stringent regulatory framework, and growing investments in R&D . Nations such as the United Kingdom, Germany, France, and Switzerland are leading gene therapy research and innovation, harboring a vibrant ecosystem for clinical trial services. Moreover, collaborations between academic institutions, biopharmaceutical companies, and contract research organizations (CROs) are fueling the advancement of gene therapy clinical trials in the region. With a favorable regulatory environment and a large number of gene therapy candidates, Europe market is set to witness substantial growth.