The cell & gene therapy bioanalytical testing services market in Canada is expected to reach a projected revenue of US$ 23.7 million by 2030. A compound annual growth rate of 6.2% is expected of Canada cell & gene therapy bioanalytical testing services market from 2024 to 2030.
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Cell & Gene Therapy Bioanalytical Testing Services Market Outlook
The Canada cell & gene therapy bioanalytical testing services market generated a revenue of USD 15.5 million in 2023 and is expected to reach USD 23.7 million by 2030.
The Canada market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
In terms of segment, bioavailability & bioequivalence studies was the largest revenue generating test type in 2023.
Bioavailability & Bioequivalence Studies is the most lucrative test type segment registering the fastest growth during the forecast period.
Cell & gene therapy bioanalytical testing services market data book summary
Market revenue in 2023
USD 15.5 million
Market revenue in 2030
USD 23.7 million
Growth rate
6.2% (CAGR from 2023 to 2030)
Largest segment
Bioavailability & bioequivalence studies
Fastest growing segment
Bioavailability & Bioequivalence Studies
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Bioavailability & Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, Other test type
Key market players worldwide
IQVIA Holdings Inc, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, Charles River Laboratories International Inc, Syneos Health, Intertek Group PLC
Other key industry trends
In terms of revenue, Canada accounted for 3.1% of the global cell & gene therapy bioanalytical testing services market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In North America, U.S. cell & gene therapy bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
U.S. is the fastest growing regional market in North America and is projected to reach USD 314.4 million by 2030.
The cell and gene therapy bioanalytical testing services market in Canada is growing as a result of increasing investments, collaborations, and other strategic initiatives undertaken by global biopharmaceutical companies that conduct research in healthcare illness domains.
It is projected that Canada's well-established biotechnology industry will drive the market for cell and gene therapy bioanalytical testing services in this country. For instance, in September 2023, to enhance bioanalytical abilities and expedite the implementation of complex clinical trials, Cerba HealthCare successfully acquired CIRION BioPharma Research, a Canadian contract research laboratory.
This strategic move demonstrates the organization's objective of providing its clinical research clients with enhanced flexibility and top-notch scientific insights to support their drug development projects. The acquisition is expected to enhance proficiency in immunogenicity testing and Pharmacokinetic/Pharmacodynamics (PK/PD) testing, hence offering essential support to the pharmaceutical sector.
Canada Cell & Gene Therapy Bioanalytical Testing Services 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 & Gene Therapy Bioanalytical Testing Services Market Outlook will help companies and investors design strategic landscapes.
Bioavailability & Bioequivalence Studies was the largest segment with a revenue share of 35.48% in 2023.
Horizon Databook has segmented the Canada cell & gene therapy bioanalytical testing services market based on bioavailability & bioequivalence studies, pharmacokinetics, pharmacodynamics, other test type covering the revenue growth of each sub-segment from 2018 to 2030.
The cell and gene therapy bioanalytical testing services market in Canada is growing as a result of increasing investments, collaborations, and other strategic initiatives undertaken by global biopharmaceutical companies that conduct research in healthcare illness domains.
It is projected that Canada's well-established biotechnology industry will drive the market for cell and gene therapy bioanalytical testing services in this country. For instance, in September 2023, to enhance bioanalytical abilities and expedite the implementation of complex clinical trials, Cerba HealthCare successfully acquired CIRION BioPharma Research, a Canadian contract research laboratory.
This strategic move demonstrates the organization's objective of providing its clinical research clients with enhanced flexibility and top-notch scientific insights to support their drug development projects. The acquisition is expected to enhance proficiency in immunogenicity testing and Pharmacokinetic/Pharmacodynamics (PK/PD) testing, hence offering essential support to the pharmaceutical sector.
Canada Cell & Gene Therapy Bioanalytical Testing Services Market Indication Outlook (Revenue, USD million , 2018-2030)
Infectious Diseases
Rare Diseases
Oncology
Others
Neurological disorders
Canada Cell & Gene Therapy Bioanalytical Testing Services Market Test Type Outlook (Revenue, USD million , 2018-2030)
Other test type
Pharmacodynamics
Bioavailability & Bioequivalence Studies
Pharmacokinetics
Canada Cell & Gene Therapy Bioanalytical Testing Services Market Product Outlook (Revenue, USD million , 2018-2030)
Cell Therapy
Gene-Modified Cell Therapy
Gene Therapy
Canada Cell & Gene Therapy Bioanalytical Testing Services Market Stage of Development Outlook (Revenue, USD million , 2018-2030)
Clinical
Non-Clinical
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Cell & Gene Therapy Bioanalytical Testing Services Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Cell & Gene Therapy Bioanalytical Testing Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.