Gene Therapy Market Report, Size, Share, Industry Growth, Analysis and Trends Forecast to 2022-27 | IMARC Group – The Daily Vale

2022-05-25 09:15:24 By : Ms. Lisa Zhang

According to the latest report by IMARC Group, titled “Global Gene Therapy Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, 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 is a technique of preventing and treating a disease by modifying the expression of mutated genes or altering the biological properties of living cells. It replaces the disease-causing gene or adds a new gene to cure disease and improve the body’s ability to fight against various diseases. At present, various gene therapy products, such as viral vectors, bacterial vectors, and patient-derived cellular gene therapies, are used to treat numerous diseases, including cancer, diabetes, hemophilia, cystic fibrosis, heart disease, and acquired immunodeficiency syndrome (AIDS).

Gene Therapy Market Trends and Drivers:

The market is primarily driven by the growing prevalence of inherited diseases and acquired disorders. In addition, the rising incidences of genetic disorders, such as muscular dystrophy and cystic fibrosis, in children and young adults represent another major growth-inducing factor.

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Besides this, scientists and researchers are developing new gene therapies to treat a broad range of chronic pain conditions, such as lower back pain and rare neuropathic pain disorders. This, coupled with the introduction of favorable government initiatives to develop effective gene therapies to treat cancer, is positively influencing the market growth.

For instance, in March 2021, the United States Food and Drug Administration (FDA) approved Abecma, a cell-based gene therapy to treat patients with multiple myeloma. Moreover, the leading market players are engaging in mergers and acquisitions (M&As) and partnerships to strengthen their foothold in the market, which is also creating a favorable market outlook across the globe.

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. Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:

The report has segmented the market on the basis of region, gene type, vector type, delivery method and application

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

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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