Europe Cell & Gene Therapy Bioanalytical Testing Services Market Size & Outlook
The cell & gene therapy bioanalytical testing services market in Europe is expected to reach a projected revenue of US$ 144.3 million by 2030. A compound annual growth rate of 7% is expected of Europe cell & gene therapy bioanalytical testing services market from 2024 to 2030.
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Cell & Gene Therapy Bioanalytical Testing Services Market Outlook
Europe cell & gene therapy bioanalytical testing services market highlights
The Europe cell & gene therapy bioanalytical testing services market generated a revenue of USD 90.1 million in 2023.
The market is expected to grow at a CAGR of 7% 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.
Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
Market revenue in 2023
USD 90.1 million
Market revenue in 2030
USD 144.3 million
Growth rate
7% (CAGR from 2023 to 2030)
Largest segment
Bioavailability & bioequivalence studies
Fastest growing segment
Bioavailability & Bioequivalence Studies
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
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, Europe region accounted for 17.8% of the global cell & gene therapy bioanalytical testing services market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 277.6 million by 2030.
Similar to North America, Europe has established regulatory frameworks to help in the development and marketing of cell and gene therapies. Regulatory agencies, such as the European Medicines Agency (EMA), offer possibilities for fast approval and limited marketing authorization for novel therapies.
This favorable regulatory environment promotes investment and innovation in the field of cell & gene therapies. The EMA, the medical regulatory body for the European Union, has been a global leader in evaluating advanced therapy medicinal products, a class of novel biological products that include gene therapy.
In 2009, the EMA approved a tissue-engineering product, 1 year ahead of the U.S. to approve its first ATMP. It also approved the world's first gene therapy in 2012. Advanced therapy medicinal products are divided into three main categories: somatic Cell Therapy Medicinal Products (sCTMPs), Gene Therapy Medicinal Products (GTMPs), and Tissue-Engineered Products (TEPs).
Europe 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 35.29% in 2023.
Horizon Databook has segmented the Europe 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.
Similar to North America, Europe has established regulatory frameworks to help in the development and marketing of cell and gene therapies. Regulatory agencies, such as the European Medicines Agency (EMA), offer possibilities for fast approval and limited marketing authorization for novel therapies.
This favorable regulatory environment promotes investment and innovation in the field of cell & gene therapies. The EMA, the medical regulatory body for the European Union, has been a global leader in evaluating advanced therapy medicinal products, a class of novel biological products that include gene therapy.
In 2009, the EMA approved a tissue-engineering product, 1 year ahead of the U.S. to approve its first ATMP. It also approved the world's first gene therapy in 2012. Advanced therapy medicinal products are divided into three main categories: somatic Cell Therapy Medicinal Products (sCTMPs), Gene Therapy Medicinal Products (GTMPs), and Tissue-Engineered Products (TEPs).
Europe Cell & Gene Therapy Bioanalytical Testing Services Market Indication Outlook (Revenue, USD million , 2018-2030)
Infectious Diseases
Rare Diseases
Oncology
Others
Neurological disorders
Europe Cell & Gene Therapy Bioanalytical Testing Services Market Test Type Outlook (Revenue, USD million , 2018-2030)
Other test type
Pharmacodynamics
Bioavailability & Bioequivalence Studies
Pharmacokinetics
Europe Cell & Gene Therapy Bioanalytical Testing Services Market Product Outlook (Revenue, USD million , 2018-2030)
Cell Therapy
Gene-Modified Cell Therapy
Gene Therapy
Europe 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 continent-level data and insights on the Europe Cell & Gene Therapy Bioanalytical Testing Services Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Cell & Gene Therapy Bioanalytical Testing Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe cell & gene therapy bioanalytical testing services market statistics, by indication, 2018-2030 (US$M)