Gene Therapy Market: Advancing Medical Treatment through Genetic Interventions
The global Gene Therapy Market is anticipated to be worth $7.3 billion in 2023 and $17.2 billion by 2030, growing at an 18.6% CAGR between 2023 and 2030. The new research study includes an examination of market industry trends. The new research study covers market purchasing behaviour, pricing analysis, patent analysis, conference and webinar materials, and key stakeholders. The industry is being propelled forward by factors such as higher gene therapy product approvals and increased investment in gene therapy research and development. However, the high cost of gene therapy is limiting the market's growth.
The gene therapy market research study offers a comprehensive overview of the industry, including market segmentation by vector, indication, delivery mode, and geography. An examination of the global market, with a particular emphasis on high-growth applications in each vertical and fast-growing market segments. It contains a full competition landscape that identifies the important competitors in each type of market, as well as an in-depth market share analysis that includes individual revenue, market shares, and top players rankings. Impact analysis of market dynamics, including variables now driving and hindering market growth, as well as their impact in the near, medium, and long term landscapes.Download Free Sample Report- https://www.marketdigits.com/request/sample/277
The Gene Therapy Market is the industry that develops, researches, and commercialises gene therapy treatments and solutions. Gene therapy is a promising field of medicine in which genetic material is sent into a patient's cells to treat or prevent diseases caused by genetic defects or deficits.
Key Growth Factors in Gene Therapy Market
- Advancements in Genetic Research: Progress in genetic research, including the identification of disease-causing genes and understanding gene functions, has paved the way for the development of gene therapy treatments.
- Potential to Cure Genetic Disorders: Gene therapy offers the potential to cure or significantly alleviate genetic disorders by correcting or replacing faulty genes responsible for the disease.
- Increasing Prevalence of Genetic Diseases: The rising prevalence of genetic disorders and rare diseases has driven the need for innovative and effective treatment options, leading to the growth of the gene therapy market.
- Growing Investment in Biotechnology and Pharmaceuticals: Increasing investments from biotechnology and pharmaceutical companies in gene therapy research and development have accelerated advancements in this field.
- Regulatory Support and Approvals: Favorable regulatory frameworks and the approval of gene therapy products by regulatory agencies have provided a conducive environment for market growth.
- Expanding Clinical Trials and Research Initiatives: Ongoing clinical trials and research studies have provided evidence of the safety and efficacy of gene therapy, fostering confidence among investors and stakeholders.
Major Classifications are as follows:
By Vector
- Non-Viral Vectors
- Viral Vectors
- Neurological Diseases
- Cancer
- Duchenne Muscular Dystrophy
- Hepatological Diseases
- Other Indications
- In Vivo
- Ex Vivo
- Europe
- Germany
- France
- United Kingdom
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Rest of Asia Pacific
- North America
- U.S.
- Canada
- South America
- Brazil
- Argentina
- Rest of South America
- Rest of the World
- Middle East
- Africa
Biogen (US), Sarepta Therapeutics (US), Gilead Sciences, Inc. (US), Amgen, Inc. (US), Novartis AG (Switzerland), Orchard Therapeutics Plc (UK), Spark Therapeutics, Inc. (A Part Of ýF. Hoffmann-La Roche) (US), AGC Biologics (US), Anges, Inc. (Japan), Bluebird Bio, Inc. (US), Jazz Pharmaceuticals Plc (Ireland), Dynavax Technologies (US), Human Stem Cells Institute (Russia), Sibiono Genetech Co., Ltd. (China), Shanghai Sunway Biotech Co., Ltd. (China), Uniqure N.V. (Netherland), Gensight Biologics S.A. (France), Celgene Corporation (A Bristol-Myers Squibb Company) (US), Cellectis (France), Sangamo Therapeutics (US), Mustang Bio (US), AGTC (Applied Genetic Technologies Corporation) (US), and Poseida Therapeutics, Inc. (US).
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Key Questions Answered in This Report.
- What will the Gene Therapy Market growth rate in Future?
- What are the key factors driving the global Gene Therapy Market?
- Who are the key manufacturers in Gene Therapy Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
Gene Therapy Market Frequently Asked Questions (FAQs):
- What is the market trend for gene therapy?
- What is the market share of cell and gene therapy?
- What is the market size for gene therapy manufacturing?
- What do you think is the biggest challenge of gene therapy?
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