Omics-Based Clinical Trials Market to grow with a CAGR of 7.25% through 2030F
Increasing healthcare infrastructure and
a supportive regulatory environment are the major drivers for the Global Omics-Based
Clinical Trials Market.
According
to TechSci Research report, “Omics-Based Clinical Trials Market - Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2020-2030F”, Global Omics-Based Clinical
Trials Market was valued at USD 26.67 billion in 2024 and is anticipated to witness
an impressive growth in the forecast period with a CAGR of 7.25% through 2030. This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market.
Personalized
Medicine is a significant driver of the Global Omics-Based Clinical Trials
Market. Personalized therapies are designed based on a patient's specific
genetic, molecular, and clinical profile. By targeting the underlying causes of
a disease or condition, these treatments have the potential to be more
effective than standard treatments that may not address the individual
variability in disease mechanisms. Standard treatments often have side effects
that can be severe and impact a patient's quality of life. Personalized
therapies aim to minimize these side effects by delivering treatments that are
precisely matched to the patient's biology, reducing the risk of adverse
reactions. Personalized medicine allows for earlier disease detection and more
accurate diagnosis, enabling interventions at an earlier stage when treatments
are often more effective. This can lead to better disease management and
improved outcomes. In the case of pharmacogenomics, which is a subset of
personalized medicine, genetic information is used to determine how an
individual metabolizes drugs. This information helps healthcare providers
select the most appropriate medications and dosages, increasing treatment
effectiveness. In oncology, personalized therapies have gained prominence.
Genetic testing can identify specific mutations driving cancer, allowing for
the selection of targeted therapies that precisely inhibit these mutations.
This approach has shown significant success in improving cancer treatment
outcomes.
The pharmaceutical industry witnessed substantial investment from major players due to the COVID-19 pandemic. This surge in investment had a positive influence on omics-based clinical trials, especially as chronic diseases became more prevalent. Researchers are now exploring various biological markers that can indicate clinical risks and serve as potential therapeutic targets. This shift is in response to the rising global incidence and impact of chronic conditions like cancer.
Data privacy and security are significant challenges in the global omics-based clinical trials market. Omics-based clinical trials involve the collection of highly sensitive and personal patient data, including genetic information, medical histories, and clinical outcomes. Protecting this information from unauthorized access and breaches is paramount. Omics technologies generate vast amounts of data, making it challenging to manage and secure large datasets effectively. Ensuring the confidentiality and integrity of these data is essential. Clinical trials often involve collaborations among multiple research institutions, pharmaceutical companies, and healthcare providers. Sharing omics data while maintaining privacy can be complex, especially when different organizations are involved. Genomic data has unique privacy considerations due to its potential for re-identification. Even when data is anonymized, advances in genomic research and the availability of public databases can sometimes lead to re-identification of individuals.
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Global Omics-Based Clinical Trials Market is
segmented based on Phase, Study Design, Indication, and by region.
Based on study design, The interventional studies segment is poised to be the fastest-growing segment in the Global Omics-Based Clinical Trials Market, continuing its expansion in the coming years. These studies play a pivotal role in testing the efficacy and safety of new drugs, therapies, or interventions, particularly those tailored to an individual's unique genetic or molecular profile. Pharmaceutical companies and biotech firms are heavily investing in the development and commercialization of targeted therapies, fueling the increasing demand for interventional studies.
Omics technologies—such as genomics, proteomics, and metabolomics—are at the heart of precision medicine, enabling the identification of specific genetic mutations, biomarkers, and molecular pathways that are linked to diseases. Interventional studies are crucial for translating this omics knowledge into targeted treatments that improve patient outcomes. With the rapid advancements in genomics, including the discovery of numerous cancer driver genes and other disease-related genetic mutations, interventional studies are becoming essential for testing and refining these groundbreaking therapies. As these technologies continue to evolve and uncover new insights into disease mechanisms, the need for interventional studies in the omics-based clinical trials market is expected to grow rapidly. The focus on personalized medicine, coupled with the growing success of genomics and related fields, positions interventional studies to lead the way in transforming healthcare and driving the future growth of the market.
Based on Region, The Asia-pacific region witnesses the fastest growth in
the Global Omics-Based Clinical Trials
Market. The Asia-Pacific region is home to a vast and diverse
population, including various ethnic groups. This diversity is valuable for
clinical trials, as it allows for the inclusion of a wide range of genetic and
demographic backgrounds, making research findings more applicable to global
patient populations. Asia-Pacific countries are experiencing a growing burden
of chronic diseases such as cancer, cardiovascular diseases, and diabetes.
These diseases often require personalized treatment approaches, driving the
demand for omics-based clinical trials to develop targeted therapies. Many
countries in the Asia-Pacific region have been increasing their healthcare
expenditure and infrastructure. This investment supports the growth of clinical
research and trials, including those that leverage omics technologies. The
pharmaceutical and biotechnology industries in Asia-Pacific countries,
particularly in countries like China and India, have been expanding rapidly.
These companies are increasingly involved in clinical research and are driving
the demand for omics-based trials.
Some
of the major companies operating in the Global
Omics-Based Clinical Trials Market include:
- Parexel
International Corporation
- Pharmaceutical
Product Development (PPD)
- Charles
River Laboratory
- ICON
plc
- SGS
SA
- Eli
Lilly and Company
- Pfizer
Inc.
- Covance
Inc.
- Novo
Nordisk
- Rebus
Bio
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“Certain areas, particularly in North
America, are projected to exert significant demand for Omics-Based Clinical
Trials. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the Global Omics-Based Clinical Trials Market in the forecast period", said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based Global management consulting firm.
Omics-Based Clinical Trials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Phase (Phase I, Phase II, Phase III, and Phase IV), By Study Design (Expanded Access Studies, Interventional Studies, and Observational Studies), By Indication (Cardiology, CNS Diseases, Genetic Diseases, Immunology, Oncology, Respiratory Diseases, and Skin Diseases), By Region & Competition 2020-2030F", evaluated
the future growth potential of Global Omics-Based Clinical Trials Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Omics-Based Clinical Trials Market.
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