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Global Advanced Therapeutics Pharmaceutical Outsourcing Market Size study, by Service Type, by Indication, by Therapy, by Phases and Regional Forecasts 2022-2032

Global Advanced Therapeutics Pharmaceutical Outsourcing Market Size study, by Service...

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Global Advanced Therapeutics Pharmaceutical Outsourcing Market Size study, by Service Type, by Indication, by Therapy, by Phases and Regional Forecasts 2022-2032
Global Advanced Therapeutics Pharmaceutical Outsourcing...
Report Code
RO1/103/2802

Publish Date
08/Aug/2024

Pages
200
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The global advanced therapeutics pharmaceutical outsourcing market is valued approximately at USD 7,592.8 million in 2023 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2024-2032. Advanced therapeutics pharmaceutical outsourcing encompasses contracting specialized external partners to manage various stages of drug development and manufacturing for complex therapies. These advanced therapeutics include biologics, gene therapies, cell therapies, and personalized medicine. Outsourcing services range from research and development, clinical trials, regulatory compliance, to large-scale manufacturing. This approach allows pharmaceutical companies to leverage specialized expertise, state-of-the-art facilities, and innovative technologies without the significant capital investment required to develop these capabilities in-house. It also facilitates faster time-to-market, cost efficiencies, and the ability to focus on core competencies, ultimately enhancing patient access to cutting-edge treatments.

The rising complexity of advanced therapeutic modalities, such as gene editing, cell therapy, and mRNA-based drugs, demands specialized knowledge and sophisticated manufacturing capabilities. Pharmaceutical companies are increasingly partnering with outsourcing experts possessing advanced technical prowess to navigate the intricacies of these novel therapies. The burgeoning pipeline of advanced therapeutic products, driven by breakthroughs in biotechnology and genomics, has significantly amplified the demand for outsourcing services. As pharmaceutical companies concentrate on expanding their portfolios with innovative therapies, outsourcing emerges as a scalable and cost-effective solution for development and production.

The globalization of clinical trials for advanced therapeutics necessitates a network of partners with a global presence. Outsourcing facilitates access to diverse patient populations, regulatory environments, and manufacturing capabilities worldwide, supporting efficient and accelerated clinical development. A notable opportunity in the advanced therapeutics pharmaceutical outsourcing market lies in the expanding landscape of mRNA therapies. The increasing focus on mRNA therapies in cancer, infectious diseases, and genetic disorders presents a compelling opportunity for outsourcing partners. As pharmaceutical companies diversify their portfolios, outsourcing providers can offer specialized support in developing and manufacturing mRNA-based treatments. However, the advanced therapeutics pharmaceutical outsourcing market faces several challenges. One primary restrictive factor is the complex and evolving regulatory landscape governing advanced therapeutics. Regulatory agencies face challenges in establishing clear guidelines, as these therapies often involve cutting-edge technologies such as gene editing and cell therapy. This uncertainty can lead to delays in approvals and increase compliance burdens, impacting the speed at which outsourcing services can be leveraged.

The key regions considered for the global advanced therapeutics pharmaceutical outsourcing market study include North America, Europe, Asia Pacific, Latin America, and Rest of the World. North America is expected to dominate the market during the forecast period, driven by its robust economy, widespread adoption of advanced technologies, and significant presence of leading AI software and system suppliers. The region's strong research and development initiatives and substantial investments in the oil and gas industry further fuel the demand for advanced therapeutics pharmaceutical outsourcing.

Major market players included in this report are:
Croda International Plc
Charles River Laboratories International, Inc.
Catalent, Inc.
QuintilesIMS (IQVIA)
Parexel International Corporation
ICON plc
PPD, Inc. (Thermo Fisher Scientific)
LabCorp (Laboratory Corporation of America Holdings)
Syneos Health
WuXi AppTec
Lonza Group
Piramal Pharma Solutions
SGS SA
Evotec SE
CMC Biologics (Now AGC Biologics)
The detailed segments and sub-segment of the market are explained below:
By Service Type:
Contract Research Organizations (CROs)
Contract Development and Manufacturing Organizations (CDMOs)
By Indication:
Oncology
Neurology
Cardiology
Infectious Diseases
Others
By Therapy:
Cell Therapy
Gene Therapy
RNA-based Therapies
Others
By Phases:
Preclinical Services
Clinical Services
Commercial Manufacturing and Packaging
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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