The global gene therapy market reached a value of US$ 3.77 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.5 Billion by 2027 exhibiting a CAGR of 15.60% during 2022-2027.
Gene therapy refers to a medical technique that involves transfer of a new healthy gene to replace a defective gene in a cell. It aids in preventing disease progression by manipulating the expression of mutated genes or modifying the biological properties of living cells for therapeutic use. Some widely available gene therapy products include viral and bacterial vectors, plasmid deoxyribonucleic acid (DNA), human gene-editing technology, and patient-derived cellular gene therapy. Moreover, gene therapy is rapidly gaining traction to enhance the body’s ability to fight against various genetic disorders and chronic diseases that have no final cure yet.
Base Year: 2021
Forecast Year: 2022-2027
Gene Therapy Market Trends and Drivers:
The global gene therapy market is primarily driven by the growing incidences of inherited and acquired diseases, such as cancer, diabetes, cystic fibrosis, heart disease, and acquired immunodeficiency syndrome (AIDS).
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Additionally, the rising government support and funding for gene therapy research is another major growth-inducing factor. Furthermore, the leading players are developing advanced gene therapy products that offer a safer and non-addictive alternative to opioids in treating numerous chronic pain conditions like lower back pain, which is catalyzing the market growth.
Other factors, including the aging population, increasing approvals of new gene therapy technologies, easy access to healthcare facilities, and technological advancements, are also anticipated to drive the market further.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Gene Therapy Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abeona Therapeutics Inc., Adaptimmune Therapeutics plc, Adverum Biotechnologies Inc., Amgen Inc., Astellas Pharma Inc., Biogen Inc., Bluebird Bio Inc., Mustang Bio Inc. (Fortress Biotech Inc.), Novartis AG, Orchard Therapeutics plc, UniQure N.V. and Voyager Therapeutics Inc.
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The report has segmented the market on the basis of region, gene type, vector type, delivery method and application
Breakup by Gene Type:
- Tumor Suppressor
- Suicide Gene
- Growth Factors
Breakup by Vector Type:
- Viral Vector
- Adeno-Associated Virus
- Herpes Simplex Virus
- Vaccinia Virus
- Non-Viral Techniques
- Naked and Plasmid Vectors
- Gene Gun
Breakup by Delivery Method:
- In-Vivo Gene Therapy
- Ex-Vivo Gene Therapy
Breakup by Application:
- Oncological Disorders
- Rare Diseases
- Cardiovascular Diseases
- Neurological Disorders
- Infectious Disease
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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