Gene Therapy Market to Witness Comprehensive Growth by 2025

The global market for gene therapy has been expanding on account of the intensive research that has offset in the domain of genetics. The global demand for gene therapy has witnessed a steep rise on account of the rising awareness about the ability of gene therapy to cure diseases. Gene therapy is a way of fixing genetic disorders by introducing a normal and healthy gene in place of defective genes in a cell, and it has proved to be an effective method in several cases. Gene therapy is considered as an important means of treatment because it helps in eliminating the usage of drugs, surgery, or other procedures that can have side effects on the health of individuals. Moreover, gene therapy results in the formation of beneficial proteins that can help the body in performing the normal functions to its full potential. Cell-based technologies have been developing at a robust rate, and this has given an impetus to the demand for gene therapy.

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The global market for gene therapy can be segmented based on the following parameters: disease indication, type of gene therapy, region, and vector used for transfer of genes. All of these are important parameters that define the overall fettle of the global market for gene therapy.

The report by TMR is aimed at bringing to light the key dynamics that decide the direction of growth of the global gene therapy market. The report syncs together various market forces to give a broad-based view of the global gene therapy market.

Hereditary disorders are based on the presence of an ancestral gene that has been causing a certain type of disorder in the previous generations. Since gene therapy can help in infusing a healthy gene instead of the disease-inducing gene, the demand for gene therapy to treat hereditary disorders is quite high. Furthermore, viral infections can also be cured with the help of gene therapy, and this further emphasizes on the need for gene therapy across the healthcare industry. The rising incidence of various kinds of cancers also calls for the study of genes to device proper treatments. Since gene therapy helps in infusing healthy genes into individuals, it is also used for cancer treatments.

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Although the use of gene therapy is equally important for the healthcare sector of all the regions, the demand for gene therapy has been higher across North America. The funds and resources devoted towards the development of better treatments across the US and Canada has been a key reason behind the growth of the market for gene therapy in North America. The rising population in Asia Pacific has played to the advantage of the regional market for gene therapy.

The market players in the global market for gene therapy have been concentrating on building a better pool of resources to conduct more effective gene therapies. Some of the key players operating in the global market for gene therapy are CELGENE CORPORATION, Bluebird Bio, Inc., GlaxoSmithKline plc., Adaptimmune Therapeutics plc, and Merck KGaA.

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