Gene therapy market was valued at $393.35 million in 2018, and is estimated to reach $6,205.85 million by 2026, registering a CAGR of 34.8% from 2019 to 2026.
Gene therapy is a technique that involves the delivery of nucleic acid polymers into a patient’s cells as a drug to treat diseases. It fixes a genetic problem at its source. The process involves modifying the protein either to change the genetic expression or to correct a mutation. The emergence of this technology meets the rise in needs for better diagnostics and targeted therapy tools. For instance, genetic engineering can be used to modify physical appearance, metabolism, physical capabilities, and mental abilities such as memory and intelligence. In addition, it is also used for infertility treatment. Gene therapy offers a ray of hope for patients, who either have no treatment options or show no benefits with drugs currently available. The ongoing success has strongly supported upcoming researches and has carved ways for enhancement of gene therapy.
Major Key Players of the Gene Therapy Market are:
Adaptimmune Therapeutics, Anchiano Therapeutics Ltd, Achieve Life Sciences, Adverum Biotechnologies, Inc, Abeona Therapeutics Inc., Applied Genetic Technologies Corporation, Arbutus Biopharma Corporation, Audentes Therapeutics, Inc., AveXis, Inc., Bluebird Bio, Inc., Celgene Corporation, CRISPR Therapeutics AG, Editas Medicine, Inc., Editas Medicine, Inc., GlaxoSmithKline Plc., Intellia Therapeutics, Inc., Merck & Co., Inc., Novartis AG, REGENXBIO Inc., Spark Therapeutics, Inc., Sangamo Therapeutics, Inc., Uniqure N. V., Voyager Therapeutics, Inc
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Recently, a new technique has been developed, where new genes are introduced into the body to help fight against cancer cells. Gene therapies are regarded as a potential revolution in the health sciences and pharmaceutical fields. The number of clinical trials investigating gene therapies is on an increase, despite the limited number of products that have successfully reached the market. In addition, benefits of gene therapy over conventional cancer therapies and increase in government support fuel the growth of the gene therapy market.
The Gene Therapy Market is segmented on the basis of Vector Type, Gene Type, Application and region.
Major Vector Type of Gene Therapy Market covered are:
- Viral vector
- Adeno Associated Virus
- Herpes Simplex Virus
- Vaccinia Virus
- Non-viral vector
- Naked/Plasmid Vectors
- Gene Gun
Major Gene Type of Gene Therapy Market covered are:
- Tumor Suppressor
- Growth factors
Major Applications of Gene Therapy Market covered are:
- Oncological Disorders
- Rare Diseases
- Cardiovascular Diseases
- Neurological Disorders
- Infectious disease
- Other Diseases
The gene therapy market is a widely expanding field in the pharmaceutical industry with new opportunities. This has piqued the interests of venture capitalists to explore this market and its commercial potential. Major factors that drive the growth of this market include high demands for DNA vaccines to treat genetic diseases, targeted drug delivery, and high incidence of genetic disorders. However, the stringent regulatory approval process for gene therapy and the high costs of gene therapy drugs are expected to hinder the growth of the market. On the contrary, increase in the pipeline developments for gene therapy market are expected to provide lucrative opportunity during the forecast period.
– To study and analyze the global Gene Therapy consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Gene Therapy market by identifying its various sub-segments.
– Focuses on the key global Gene Therapy manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Gene Therapy with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Gene Therapy Market Size
2.2 Gene Therapy Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Gene Therapy Market Size by Manufacturers
3.2 Gene Therapy Key Players Head office and Area Served
3.3 Key Players Gene Therapy Product/Solution/Service
3.4 Date of Enter into Gene Therapy Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Gene Therapy Sales by Product
4.2 Global Gene Therapy Revenue by Product
4.3 Gene Therapy Price by Product
5 Breakdown Data by End User
5.2 Global Gene Therapy Breakdown Data by End User
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In the end, Gene Therapy industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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