Product Code: GVR-4-68040-350-7
Market Size & Trends
The global personalized medicine outsourcing market size was estimated at USD 101.62 billion in 2023 and is projected to grow at a CAGR of 12.21% from 2024 to 2030. The increasing awareness about the benefits of personalized medicine, increasing application of personalized medicine in various diseases, such as rare diseases, cancer, infectious diseases, and others, the requirement of specialized expertise, and the benefits of outsourcing the services are some of the major factors driving the market growth.
The increasing prevalence of diseases such as chronic diseases, rare diseases and infectious diseases is further increasing the demand for these medicines as it offers enhanced patient outcomes. According to the data published by American Cancer Society, cancer was expected to cause around 609,820 deaths in the U.S. in 2023 and was expected to diagnose over 1.9 people in the same year.
The applications of personalized medicine have significantly increased in cancer care, which is one of the major factors contributing to the market growth. Personalized medicine or precision medicine is utilized for several purposes in oncology such as early detection of certain cancers, identifying people with higher cancer risk, evaluation of treatment alternatives, and effect of treatment on patient's health. As the burden of these diseases increase, the demand for personalized medicine is also anticipated to witness growth.
Furthermore, CROs and CDMOs have witnessed significant growth during the past few years as most of the pharmaceutical companies are opting to outsource their drug development and manufacturing activities to these outsourcing companies. Building and maintaining internal capabilities for all aspects of personalized medicine, from development to manufacturing, requires several resources and investments. Therefore, outsourcing these activities can allow companies to access specialized expertise, infrastructure, and resources according to their needs, thereby offering a cost-effective solution. Moreover, the complexity and risk associated with the development of personalized solutions, such as failures in the preclinical and clinical phases, offer a significant risk factor, while CROs can handle the complexities of later-stage development and manufacturing, allowing companies to streamline their operations and enhance their efficiency.
The awareness about personalized medicine has significantly increased in recent years owing to its several benefits, such as reducing trial and error prescribing, helping in avoiding adverse drug reactions, and shifting the medical emphasis from prevention to reaction. Personalized medicine offers the ability to use molecular markers that can indicate the disease risk or presence even before clinical signs and symptoms appear, allowing for early treatments of diseases and thereby improving patient outcomes.
Similarly, the patient's non-compliance with offered treatment and medication can lead to adverse health effects such as Adverse Drug Reactions (ADR), which have been on a significant rise in past years. Thus, increasing cases of ADRs would boost the demand for better treatment options among people further driving the demand for personalized medicine. For instance, according to an article published by the National Institute of Health (NIH) in January 2024, there were around 1.25 million serious adverse effects and approximately 175,000 deaths were recorded in the U.S. in 2022.
Global Personalized Medicine Outsourcing Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global personalized medicine outsourcing market report based on phase, application, service, type, end-use, and region.
- Phase Outlook (Revenue, USD Million, 2018 - 2030)
- Clinical
Phase I
Phase II
Phase III
Phase IV
- Preclinical
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Oncology
- Rare Diseases
- Infectious Diseases
- Others
- Service Outlook (Revenue, USD Million, 2018 - 2030)
- Contract Manufacturing
- Contact Development
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Inhibitor Drugs
- Monoclonal Antibodies
- Cell & Gene Therapy
- Other Therapeutic Products
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Pharmaceutical Companies
- Biotechnology Companies
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Mexico
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.2.1. Phase Segment
- 1.2.2. Application Segment
- 1.2.3. Service Segment
- 1.2.4. Type Segment
- 1.2.5. End use Segment
- 1.3. Information analysis
- 1.3.1. Market formulation & data visualization
- 1.4. Data validation & publishing
- 1.5. Information Procurement
- 1.6. Information or Data Analysis
- 1.7. Market Formulation & Validation
- 1.8. Market Model
- 1.9. Total Market: CAGR Calculation
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Personalized Medicine Outsourcing Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook.
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing prevalence of chronic and rare diseases
- 3.2.1.2. Increasing awareness about the benefits of personalized medicine
- 3.2.1.3. Increasing application of personalized medicine in various diseases
- 3.2.1.4. Requirement of specialized expertise for personalized medicine development and manufacturing
- 3.2.2. Market restraints analysis
- 3.2.2.1. Data Privacy Concerns
- 3.3. Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.2. PESTEL Analysis
- 3.3.3. COVID-19 Impact Analysis
Chapter 4. Personalized Medicine Outsourcing Market: Phase Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Global Personalized Medicine Outsourcing Market Phase Movement Analysis
- 4.3. Global Personalized Medicine Outsourcing Market Size & Trend Analysis, by Phase, 2018 to 2030 (USD Million)
- 4.4. Clinical
- 4.4.1. Clinical market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Phase I
- 4.4.2.1. Phase I market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Phase II
- 4.4.3.1. Phase II market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Phase III
- 4.4.4.1. Phase III market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.5. Phase IV
- 4.4.5.1. Phase IV market estimates and forecasts 2018 to 2030 (USD Million)
- 4.5. Preclinical
- 4.5.1. Preclinical market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Personalized Medicine Outsourcing Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Global Personalized Medicine Outsourcing Market Application Movement Analysis
- 5.3. Global Personalized Medicine Outsourcing Market Size & Trend Analysis, by Application, 2018 to 2030 (USD Million)
- 5.4. Oncology
- 5.4.1. Oncology market estimates and forecasts 2018 to 2030 (USD Million)
- 5.5. Rare Diseases
- 5.5.1. Rare Diseases market estimates and forecasts 2018 to 2030 (USD Million)
- 5.6. Infectious Diseases
- 5.6.1. Infectious Diseases market estimates and forecasts 2018 to 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Personalized Medicine Outsourcing Market: Service Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Global Personalized Medicine Outsourcing Market Service Movement Analysis
- 6.3. Global Personalized Medicine Outsourcing Market Size & Trend Analysis, by Service, 2018 to 2030 (USD Million)
- 6.4. Contract Manufacturing
- 6.4.1. Contract Manufacturing market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5. Contact Development
- 6.5.1. Contact Development market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Personalized Medicine Outsourcing Market: Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Global Personalized Medicine Outsourcing Market Type Movement Analysis
- 7.3. Global Personalized Medicine Outsourcing Market Size & Trend Analysis, by Type, 2018 to 2030 (USD Million)
- 7.4. Inhibitor Drugs
- 7.4.1. Inhibitor Drugs market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5. Monoclonal Antibodies
- 7.5.1. Monoclonal Antibodies market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6. Cell & Gene Therapy
- 7.6.1. Cell & Gene Therapy market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7. Others
- 7.7.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Personalized Medicine Outsourcing Market: End use Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Global Personalized Medicine Outsourcing Market End use Movement Analysis
- 8.3. Global Personalized Medicine Outsourcing Market Size & Trend Analysis, by End use, 2018 to 2030 (USD Million)
- 8.4. Pharmaceutical Companies
- 8.4.1. Pharmaceutical Companies market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5. Biotechnology Companies
- 8.5.1. Biotechnology Companies market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6. Others
- 8.6.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Personalized Medicine Outsourcing Market: Regional Estimates & Trend Analysis
- 9.1. Regional Market Share Analysis, 2023 & 2030
- 9.2. Regional Market Dashboard
- 9.3. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 9.4. North America
- 9.4.1. North America market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.2. U.S.
- 9.4.2.1. Key country dynamics
- 9.4.2.2. Competitive scenario
- 9.4.2.3. Regulatory framework
- 9.4.2.4. Target disease prevalence
- 9.4.2.5. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.3. Canada
- 9.4.3.1. Key country dynamics
- 9.4.3.2. Competitive scenario
- 9.4.3.3. Regulatory framework
- 9.4.3.4. Target disease prevalence
- 9.4.3.5. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.4. Mexico
- 9.4.4.1. Key country dynamics
- 9.4.4.2. Competitive scenario
- 9.4.4.3. Regulatory framework
- 9.4.4.4. Target disease prevalence
- 9.4.4.5. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5. Europe
- 9.5.1. Europe market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.2. UK
- 9.5.2.1. Key country dynamics
- 9.5.2.2. Competitive scenario
- 9.5.2.3. Regulatory framework
- 9.5.2.4. Target disease prevalence
- 9.5.2.5. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.3. Germany
- 9.5.3.1. Key country dynamics
- 9.5.3.2. Competitive scenario
- 9.5.3.3. Regulatory framework
- 9.5.3.4. Target disease prevalence
- 9.5.3.5. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.4. France
- 9.5.4.1. Key country dynamics
- 9.5.4.2. Competitive scenario
- 9.5.4.3. Regulatory framework
- 9.5.4.4. Target disease prevalence
- 9.5.4.5. France market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.5. Italy
- 9.5.5.1. Key country dynamics
- 9.5.5.2. Competitive scenario
- 9.5.5.3. Regulatory framework
- 9.5.5.4. Target disease prevalence
- 9.5.5.5. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.6. Spain
- 9.5.6.1. Key country dynamics
- 9.5.6.2. Competitive scenario
- 9.5.6.3. Regulatory framework
- 9.5.6.4. Target disease prevalence
- 9.5.6.5. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.7. Norway
- 9.5.7.1. Key country dynamics
- 9.5.7.2. Competitive scenario
- 9.5.7.3. Regulatory framework
- 9.5.7.4. Target disease prevalence
- 9.5.7.5. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.8. Sweden
- 9.5.8.1. Key country dynamics
- 9.5.8.2. Competitive scenario
- 9.5.8.3. Regulatory framework
- 9.5.8.4. Target disease prevalence
- 9.5.8.5. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.9. Denmark
- 9.5.9.1. Key country dynamics
- 9.5.9.2. Competitive scenario
- 9.5.9.3. Regulatory framework
- 9.5.9.4. Target disease prevalence
- 9.5.9.5. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6. Asia Pacific
- 9.6.1. Asia Pacific market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.2. Japan
- 9.6.2.1. Key country dynamics
- 9.6.2.2. Competitive scenario
- 9.6.2.3. Regulatory framework
- 9.6.2.4. Target disease prevalence
- 9.6.2.5. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.3. China
- 9.6.3.1. Key country dynamics
- 9.6.3.2. Competitive scenario
- 9.6.3.3. Regulatory framework
- 9.6.3.4. Target disease prevalence
- 9.6.3.5. China market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.4. India
- 9.6.4.1. Key country dynamics
- 9.6.4.2. Competitive scenario
- 9.6.4.3. Regulatory framework
- 9.6.4.4. Target disease prevalence
- 9.6.4.5. India market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.5. Australia
- 9.6.5.1. Key country dynamics
- 9.6.5.2. Competitive scenario
- 9.6.5.3. Regulatory framework
- 9.6.5.4. Target disease prevalence
- 9.6.5.5. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.6. South Korea
- 9.6.6.1. Key country dynamics
- 9.6.6.2. Competitive scenario
- 9.6.6.3. Regulatory framework
- 9.6.6.4. Target disease prevalence
- 9.6.6.5. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.7. Thailand
- 9.6.7.1. Key country dynamics
- 9.6.7.2. Competitive scenario
- 9.6.7.3. Target disease prevalence
- 9.6.7.4. Regulatory framework
- 9.6.7.5. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7. Latin America
- 9.7.1. Latin America market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.2. Brazil
- 9.7.2.1. Key country dynamics
- 9.7.2.2. Competitive scenario
- 9.7.2.3. Regulatory framework
- 9.7.2.4. Target disease prevalence
- 9.7.2.5. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.3. Argentina
- 9.7.3.1. Key country dynamics
- 9.7.3.2. Competitive scenario
- 9.7.3.3. Regulatory framework
- 9.7.3.4. Target disease prevalence
- 9.7.3.5. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8. MEA
- 9.8.1. MEA market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.2. South Africa
- 9.8.2.1. Key country dynamics
- 9.8.2.2. Competitive scenario
- 9.8.2.3. Regulatory framework
- 9.8.2.4. Target disease prevalence
- 9.8.2.5. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.3. Saudi Arabia
- 9.8.3.1. Key country dynamics
- 9.8.3.2. Competitive scenario
- 9.8.3.3. Regulatory framework
- 9.8.3.4. Target disease prevalence
- 9.8.3.5. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.4. UAE
- 9.8.4.1. Key country dynamics
- 9.8.4.2. Competitive scenario
- 9.8.4.3. Regulatory framework
- 9.8.4.4. Target disease prevalence
- 9.8.4.5. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.5. Kuwait
- 9.8.5.1. Key country dynamics
- 9.8.5.2. Competitive scenario
- 9.8.5.3. Regulatory framework
- 9.8.5.4. Target disease prevalence
- 9.8.5.5. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company/Competition Categorization
- 10.2. Strategy Mapping
- 10.3. Company Market Position Analysis, 2023
- 10.4. Company Profiles/Listing
- 10.4.1. Parexel International (MA) Corporation
- 10.4.1.1. Company overview
- 10.4.1.2. Financial performance
- 10.4.1.3. Product benchmarking
- 10.4.1.4. Strategic initiatives
- 10.4.2. Syneos Health
- 10.4.2.1. Company overview
- 10.4.2.2. Financial performance
- 10.4.2.3. Product benchmarking
- 10.4.2.4. Strategic initiatives
- 10.4.3. Catalent, Inc
- 10.4.3.1. Company overview
- 10.4.3.2. Financial performance
- 10.4.3.3. Product benchmarking
- 10.4.3.4. Strategic initiatives
- 10.4.4. ICON
- 10.4.4.1. Company overview
- 10.4.4.2. Financial performance
- 10.4.4.3. Product benchmarking
- 10.4.4.4. Strategic initiatives
- 10.4.5. Lonza
- 10.4.5.1. Company overview
- 10.4.5.2. Financial performance
- 10.4.5.3. Product benchmarking
- 10.4.5.4. Strategic initiatives
- 10.4.6. Syngene International Limited
- 10.4.6.1. Company overview
- 10.4.6.2. Financial performance
- 10.4.6.3. Product benchmarking
- 10.4.6.4. Strategic initiatives
- 10.4.7. HCL Technologies Limited
- 10.4.7.1. Company overview
- 10.4.7.2. Financial performance
- 10.4.7.3. Product benchmarking
- 10.4.7.4. Strategic initiatives
- 10.4.8. Infosys Limited
- 10.4.8.1. Company overview
- 10.4.8.2. Financial performance
- 10.4.8.3. Product benchmarking
- 10.4.8.4. Strategic initiatives
- 10.4.9. Fujirebio
- 10.4.9.1. Company overview
- 10.4.9.2. Financial performance
- 10.4.9.3. Product benchmarking
- 10.4.9.4. Strategic initiatives
- 10.4.10. Aurigene Pharmaceutical Services Ltd.
- 10.4.10.1. Company overview
- 10.4.10.2. Financial performance
- 10.4.10.3. Product benchmarking
- 10.4.10.4. Strategic initiatives