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Companies Profiled in Cancer Gene Therapy Market| Key Players: Altor Bioscience Corporation, OncoGenex Pharmaceuticals, MolMed
Cancer Gene Therapy Market
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AstraZeneca
2. Amgen
3. Altor Bioscience Corporation
4. OncoGenex Pharmaceuticals
5. MolMed
6. Ziopharm Oncology
7. OncoSec
8. Celsion Corporation
9. GlobeImmune, Inc.
10. Human Stem Cells Institute
11. Sevion Therapeutics
The retroviral vector oncolytic virotherapy segment led the gene therapy industry in 2015 and is predicted to record a CAGR of 20.6% over the period of 2016-2024. It converts the single-stranded RNA into double-stranded DNA molecule that gradually integrates into the target genome and helps to stimulate the immune system.
The gene transfer therapy segment contributed about 46% of the overall revenue share in 2015 and is predicted to grow at a CAGR of 20.9% over the forecast timeframe. Furthermore, the gene induced immunotherapy segment contributed about 14% of the overall revenue share in 2015 and is projected to surpass USD 592.7 million by 2024. It is an innovative technique of adding new genes into cancer tumor that fights cancer cells.
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The U.S. cancer gene therapy market size worth USD 235 million in 2015, is predicted to grow at a CAGR of 20.9% over the forecast timeframe. Factors such as growing cases of cancers and acceptance of advanced methods of cancer treatments are predicted to drive the regional growth. In addition to this, heavy investments in R & D activities along with government support will boost the industry demand over the coming years.
Key insights from the report include:
• U.S. cancer gene therapy market share accounted for over 95% regional revenue in 2015, with market size of USD 235 million and a forecast to grow at 20.9% CAGR.
• UK was over USD 92.0 million in 2015, and will grow at 20.8% CAGR owing to increasing incidence of cancer and adoption of advanced treatment methods.
• China market size was valued at USD 99.6 million in 2015 and growth expectations of 21% CAGR over the forecast years.
• Key players include SiBiono, Altor Bioscience Corporation, Shanghai Sunway Biotech company limited, Amgen, BioCancell, OncoGeneX, Aduro Biotech, GlobeImmune, Inc., New Link Genetics., ZioPharm Oncology, MolMed, GENELUX, Gradalis, MultiVir.
The industry is highly fragmented and is dominated by several small biotech firms collectively accounting for over 80% of cancer gene therapy market pipeline. Major growth strategies adopted by these small firms include, technology transfer, licensing and commercialization deals, strategic collaborations and mergers and acquisitions to retain their industry position.
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Cancer Gene Therapy Market Type Analysis (Revenue, USD Million, 2012 - 2024)
• Gene induced immunotherapy
o Delivery of cytokine gene
o Delivery of Tumor antigen gene
• Oncolytic Virotherapy
o Adenoviruses
o Lentiviruses
o Retrovirus
o Adeno Associated Virus
o Herpes Simplex Virus
o Alphavirus
o Vaccinia Virus
o Simian Virus
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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