Press release
Tremendous Growth Opportunities in Gene Therapy Market 2019: Gilead Sciences, Inc., Novartis AG, Sibiono Genentech Co. Ltd., Spark Therapeutics, Inc., CELGENE CORPORATION
The gene therapy market was valued for US$584 million in 2016, and is estimated to reach US$+4,402 million by 2023, registering a CAGR of +33.3% from 2017 to 2023.Gene therapy is a way of fixing genetic disorders by introducing a normal and healthy gene in place of defective genes in a cell in order to prevent or cure different types of genetic and chronic disorders for which no final cure has been developed. Gene therapies are promising therapies applicable to a broad range of diseases; their aim is to radically treat the causes of the diseases instead of only relieving the symptoms. They may be effective on a wide range of previously untreated diseases, such as hematological, ocular, neurodegenerative diseases, and several cancers.
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Top Key Players of Gene Therapy Market:
Key players operating in the global market include Gilead Sciences, Inc., Novartis AG, Sibiono Genentech Co. Ltd., Spark Therapeutics, Inc., CELGENE CORPORATION, and Orchard Therapeutics Limited, Novartis, Kite Pharma, Inc., GlaxoSmithKline PLC, Bluebird bio Inc., Genethon, Transgene SA, Applied Genetic Technologies Corporation, Oxford BioMedica, and NewLink Genetics Corp.
The Gene therapy market is segmented into application and geography. On the basis of application, the market is segmented into prostate cancer, breast cancer, lung cancer, pediatric conditions and others. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA.
By Application, the market can be split into
• Cancer Diseases
• Monogenic Diseases
• Infectious Diseases
• Cardiovascular Diseases
• Others
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The increase in funding of R & D activities related to gene therapy and the increase of awareness about gene therapy are the main factors driving gene therapy market growth. In addition, increased government support, ethical acceptance of gene therapy for the treatment of cancer and increased cancer prevalence can fuel the growth of the gene therapy market. However, it is expected that the high cost associated with treatment and unwanted immune responses will hinder the growth of the market.
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Table of Content:
Chapter 1. Market Overview of Global Gene Therapy Market
Chapter 2. Competition Analysis by Players
Chapter 3. Company (Top Players) Profiles
Chapter 4. Gene Therapy Market Size by Type and Application
Chapter 5. US Market Status and Outlook
Chapter 6. EU Manufacturing Development Market Status and Outlook
Chapter 7. Japan Market Development Status and Outlook
Chapter 8. China Market Status and Outlook
Chapter 9. India Global Gene Therapy Market Status and Outlook
Chapter 10. Southeast Asia Market Status and Outlook
Chapter 11. Market Forecast by Region, Type and Application
Chapter 12. Market Dynamics
Chapter 13. Gene Therapy Market Effect Factor Analysis
Chapter 14. Research Finding/ Conclusion
Chapter 15. Appendix
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