Cell and Gene Therapy CRO Market Regional Analysis Covering North America Europe and Asia Pacific

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Cell and Gene Therapy CRO Market- (By Type of Cell Therapy (CAR-NK, CAR-T, TCR-T, and Others), By Type of Genetic Modification (Ex vivo and In vivo), By Stage of Development (Discovery, Preclinical, and Clinical)), By Therapeutic Area, By End-user, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Cell and Gene Therapy CRO Market is valued at US$ 1.46 Bn in 2023, and it is expected to reach US$ 2.43 Bn by 2031, with a CAGR of 6.7% during the forecast period of 2024-2031.

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Gene therapies are reshaping modern medicine by addressing the root causes of diseases rather than solely managing symptoms. These innovative treatments have demonstrated considerable potential in addressing conditions that have historically been resistant to conventional therapies, including ocular disorders, neurological diseases, and various forms of cancer.

A key approach within this domain involves the deployment of viral vectors to deliver therapeutic genes directly to cardiac or vascular cells. Clinical studies have reported positive outcomes in the treatment of cardiovascular conditions, including heart failure and inherited cardiac disorders, highlighting the potential for wider clinical adoption of these therapies.

Market expansion is further supported by substantial investments in gene therapy research and development from both public and private sectors. As a result, the cell and gene therapy segment targeting coronary artery disease is projected to experience significant growth in the coming years. Nonetheless, a critical challenge lies in maintaining a skilled workforce within the global cell and gene therapy contract research organization (CRO) sector, which may constrain the availability of qualified professionals necessary to support ongoing research, development, and clinical operations.

List of Prominent Players in the Cell and Gene Therapy CRO Market:
• Altasciences
• Allucent
• CMIC
• Labcorp
• Linical
• Medpace
• PPD
• Precision for Medicine
• QPS
• Syneos Health
• CMED
• ICON
• Pharmalex
• Novotech

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Market Dynamics
Drivers:
The cell and gene therapy market for cardiovascular and related chronic conditions is experiencing robust growth, driven by the increasing prevalence of cardiovascular diseases, cancer, and rare genetic disorders. Rising recognition of gene therapies as effective and potentially curative treatment modalities, coupled with substantial government funding and supportive policy initiatives, is accelerating adoption and expanding market opportunities.

Challenges:
Despite strong growth prospects, the cell and gene therapy contract research organization (CRO) sector faces several significant challenges. High capital expenditure requirements, a constrained pool of specialized professionals, and fragmented regulatory frameworks-compounded by disruptions from the COVID-19 pandemic-have hindered progress, particularly in emerging markets.

The production and delivery of gene therapies remain resource-intensive, limiting patient access, especially for those lacking comprehensive insurance coverage. The absence of standardized reimbursement models and limited insurance support further restricts affordability. Additionally, uncertainties regarding the long-term safety and efficacy of gene therapies have contributed to cautious adoption by healthcare providers and payers, particularly in the management of rare diseases. The COVID-19 pandemic also disrupted clinical trial operations through site closures, supply chain interruptions, and logistical constraints, delaying overall market development.

Regional Trends:
North America is projected to maintain a leading position in the cell and gene therapy CRO market, supported by high cardiovascular disease prevalence, substantial R&D investments, technological advancements, favorable government policies, and rising healthcare expenditures. Europe represents another key market segment, underpinned by a sizable patient population, increasing incidence of chronic diseases, growing awareness of gene therapy solutions, and expanding research funding. Together, these factors are expected to sustain long-term growth in the gene therapy market across both regions.

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Recent Developments:
• In January 2024, ICON plc announced that Chief Financial Officer Brendan Brennan would resign in the final period of this year to pursue an adventure within the CRO field. To facilitate a seamless transfer to the new Chief Financial Officer, Brendan will continue in his current position and join the firm. A hunt for ICON's next chief financial officer has begun.
• In March 2024, Novotech announced that the Commission for Drugs for Humans of the European Medicines Agency (EMA) has recommended that Fabhalta (iptacopan) be approved for marketing to treat adulthood with nocturnal paroxysms of hemoglobin (PNH) and hemolytic anemia.

Segmentation of Cell and Gene Therapy CRO Market
By Type of Cell Therapy
• CAR-NK
• CAR-T
• TCR-T
• Others
By Type of Genetic Modification
• Ex vivo
• In vivo
By Stage of Development
• Discovery
• Preclinical
• Clinical
By Therapeutic Area
• Blood Disorders
• Cardiovascular Disorders
• Dermatological Disorders
• Immunological Disorders
• Infectious Diseases
• Metabolic Disorders
• Musculoskeletal Disorders
• Neurological Disorders
• Oncological Disorders
• Rare Diseases
• Other disorders
Cell and Gene Therapy CRO Market-By End-Users
• Industry Players
• Non-Industry Players
Cell and Gene Therapy CRO Market-By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/cell-and-gene-therapy-cro-market/2521

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.