Bioassay services market to grow at a CAGR of 30% by 2030, claims Roots Analysis
Owing to the rising number of R&D initiatives that are being taken in the cell and gene therapy domain, an increasing demand for outsourcing have been observed; because of which several bioassay service providers have emerged in the recent past
Bioassays are considered as a legal requirement to obtain regulatory approval. However, each cell and gene therapy possess a unique characteristic, which makes bioanalytical evaluation a tedious and more time-consuming task for the innovators, at the same time it is also necessary to ensure compliance with regulatory guidelines. Owing to such challenges, several contract service providers have emerged in this domain to evaluate cell and gene therapies.
According to Roots Analysis, the bioassay services market for cell and gene therapy is estimated to be worth USD 155 million in 2021 and is expected to grow at CAGR of 30.1% during the forecast period.
Key Market Insights
Close to 45 players offer bioassay services for cell and gene therapies
Over 75% of the bioassay service providers offer services for both cell as well as gene therapies. Among these close to 90% have the capability to offer customized assays.
Currently, over 30 bioanalytical facilities are located in North America
Close to 40% of the facilities are located in Europe; of these, close to 40% of facilities are located in UK and Belgium
In the past three years, over 20 global events and strategic initiatives were taken by the bioassay service providers
Majority (~30%) of the events were related to technology expansion, followed by webinars (~25%). Further, it is worth mentioning that more than 60% of the events were reported in 2021 and 2020.
North America currently holds over 60% of the market share
Currently, the highest share (~70%) in the market has been captured by clinical scale operations; this trend is unlikely to change in the foreseen future. Further, cell therapy holds the major share (~60%) in cell and gene therapy bioassay services market.
Key Questions Answered
§ Who are the leading services providers offering bioassay services related to cell and gene therapies?
§ Which type of bioassay is in more demand for cell and gene therapies?
§ What are the key trends within the cell and gene therapy bioassay service providers’ market?
§ Which players are likely to partner with cell and gene therapy bioassay service providers?
§ How is the current and future opportunity likely to be distributed across key market segments?
By 2030, the financial opportunity within the cell and gene therapy bioassay service market has been analyzed across the following segments:
Type of Therapy
§ Cell Therapy
§ Gene Therapy
Analysis by Scale of Operation
§ Clinical Operation
§ Preclinical Operation
§ Drug Discovery Operation
Analysis by Therapeutic Area
§ Oncological Disorders
§ Infectious Diseases
§ Autoimmune Disorders
§ Rare / Genetic Disorders
§ Cardiovascular Disorders
§ Metabolic Disorders
§ Blood Disorders
§ Neurological Disorders
§ Ophthalmological Disorders
§ Other Therapeutic Areas
Analysis by Geographical Regions
§ North America
§ Europe
§ Asia Pacific
§ Latin America
§ MENA
The research includes profiles of key players (listed below); each profile features a tabulated overview of company, product portfolio, recent developments, and an informed future outlook.
§ AnaBioTec
§ CCRM
§ Intertek Pharmaceutical Services
§ Lonza
§ Nexelis
§ Pacific BioLabs
§ PortonBio
§ PPD Laboratories
§ WuXi Advanced Therapies
About Roots Analysis
Roots Analysis is a global leader in the market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
Contact Details
Gaurav Chaudhary
Email: sales@rootsanalysis.com
