Gene Therapy Market - Comprehensive Study Explores Huge Growth in Future including Leading Key Players: Novartis Pharmaceuticals Corporation, Kite Pharma, Incorporated, Spark Therapeutics, Inc, GlaxoSmithKline, Adaptimmune and Bluebird bio

Gene Therapy is a novel method, which has the potential to treat, cure and even prevent disease by means of altering the gene expression, which in turn alters the protein in the body. Most of the diseases are caused by damaged; dysfunctional genes which when rectified can restore the normal function of the gene and give us the “long life”. Genetic disorders cause around 4000 diseases, which theoretically can be corrected by gene therapy, thus bringing the ray of hope especially for the terminally ill patients. The Rising demand of the personalized treatments and need for the one stop cure for the rare indications and niche segments of the disease has led to the emergence of the gene therapies as a therapy option for the critical and deadly indications. The positive attitude of regulatory bodies has also created a favorable environment for the research and development in these therapies.

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Gene Therapy Market size is expected to reach USD 4,300 million market by 2021 according to a study published by Polaris Market Research.

As of January 2018, there are 3000+ Reported Clinical Trials for Gene therapies, out of which 500+ trials are currently ongoing. The increase in the government funds for the research and development also paving the way for the secure future of gene therapies in coming time.

Polaris Market Research expects that with the expected launch of the potential gene therapies, the market is expected to rise at a higher pace. The Unites States accounts for the higher share of the Gene Therapy Market as compared to the Europe and Japan. The highest market size is subjected to the approval of KYMRIAH (Novartis), YESCARTA (Kite Pharmaceuticals) and LUXTURNA (Spark Therapeutics) and associated premium pricing.

Currently the Gene Therapy Market is highly fragmented but with the current initiatives taken by the government and fastened approval process in developed countries, the market is soon going to be regulated.

The only restrain to the Gene Therapy Market is premium pricing of the therapies. Polaris Market Research believes that the affordability of gene therapy is one of the primary concerns in the mature markets. GlaxoSmithKline recently in October 2017 launched the gene therapy, STRIMVELIS for the ultra-rare disorder i.e. Severe Combined Immunodeficiency due to Adenosine Deaminase deficiency (AD-SCID). This drug comes with the price tag of USD 665,000 which makes it the expensive drug in the entire gene therapy segment. The drug also comes with money back guarantee as reported by the company itself.

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The Leading Companies investigated in the Gene Therapy Market report includes Novartis Pharmaceuticals Corporation, Kite Pharma, Incorporated, Spark Therapeutics, Inc, GlaxoSmithKline, Adaptimmune, Bluebird bio, Celgene, Shanghai Sunway Biotech, Shenzhen SiBiono GeneTech, and SynerGene Therapeutics among Others

Gene Therapy Market Segmentation: -

Gene Therapies: -
- Rexin-G (Epeius Biotechnologies Corporation)
- Gendicine (SiBiono GeneTech Co., Ltd)
- Neovasculgen [Human Stem Cells Institute (HSCI))
- Glybera (UniQure Biopharma B.V.)
- KYMRIAH (Novartis)
- YESCARTA (Kite Pharmaceuticals)
- LUXTURNA (Spark Therapeutics)
- STRIMVELIS (GlaxoSmithKline)

Indications:-

- Cancer
- Neurodegenerative Disorders
- Lysosomal Storage Disorders (LSDs)
- Ocular Diseases
- Muscle Disorders
- Anemia
- Hemophilia
- Severe Combined Immunodeficiency due to Adenosine Deaminase eficiency

TOC of Gene Therapy Market:

Chapter 1. Overview and Scope

Chapter 2. Market Summary

Chapter 3 Gene Therapy Market Size and Forecast

Chapter 4. Dynamics and Segmentation

Chapter 5. Detailed Insight on Key Company

Chapter 6. Research Methodology and Reference

Chapter 7. Competitive Landscape

TOC Continued…...!!!

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