Gene Therapy Market to Expand at 36% CAGR, Pfizer to Thermo Fisher Scientific, Spark Therapeutics, bluebird bio, Krystal Biotech, Novartis AG and Other Companies to Enable Growth

Gene Therapy Market analysis report really acts as a backbone for every business that aspires to thrive in the market. Competitive analysis carried out in this Gene Therapy Market report gives a clear-cut idea about the moves of the key players in the market such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. All the statistical data including facts and figures that are included in this industry report is represented by using several charts, graphs or tables. This first-class Gene Therapy Market analysis report has been built by skilful and experienced team players who work hard to achieve an absolute growth and success in the business.

Global Gene Therapy Market is rising gradually with a healthy CAGR of 36.1% in the forecast period of 2019-2026. Increasing incidence of cancer and rare life threatening diseases and strong clinical pipeline drugs for gene therapy are major drivers for market growth.

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List of the Top Companies that are operating in the global Gene Therapy Market are: Pfizer Inc., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Spark Therapeutics, Inc., bluebird bio, Inc., ALLERGAN, Krystal Biotech, Inc., Amicus Therapeutics, Inc., Sarepta Therapeutics, Novartis AG, MeiraGTx Limited, Rocket Pharmaceuticals, Lonza, Biogen, Gilead Sciences, Inc., REGENXBIO Inc., uniQure N.V., Solid Biosciences Inc., Audentes Therapeutics

Market Definition: Global Gene Therapy Market

Gene therapy is a technique of insertion of genes into cells and tissues for treatment of any disease. In this technique the defective gene is replaced with a functional gene. It is the strategy of manipulation of expression of specific genes responsible for the disease. This therapy is a promising treatment option for a number of diseases. The application of gene therapy is wide and it is mostly used for treatment of cancer, cystic fibrosis, heart disease, diabetes, AIDS among others.

Market Drivers

Prevailing rate of cancer acts as a market driver in the forecast period
Competition among the leading pharmaceutical companies in the approval of gene therapy products is another factor boosting this market growth
Increasing investment of private and government organization in research and development of gene therapy drives the market growth
Increasing awareness about gene therapy and its applications is another factor boosting this market growth

Market Restraints

High cost associated with the treatment restricts the market growth
Side effects like unwanted immune responses also hampers the market growth
Concerns regarding the unethical use of gene therapy also hamper the market growth

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This Gene Therapy Market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

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Gene Therapy Market Segmentation

Global Gene Therapy Market By Type (Somatic Gene Therapy, Germline Gene Therapy, Others), Gene Type (Antigen, Cytokine, Suicide, Others), Viral Vector (Retroviruses, Herpes Simplex Virus, Adenoviruses, Others), Non-Viral Vector (Naked/Plasmid Vectors, Electroporation and Others), Application (Oncology, Rare Diseases, Infectious Disease, Others), End Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others)

Key Developments in the Market:

In May 2019, AveXis, Inc., a subsidiary of Novartis AG announced establishment of a gene therapy access program for Zolgensma (onasemnogene abeparvovec-xioi) which is used for treatment of pediatric patients with spinal muscular atrophy (SMA) with bi-allelic mutations. AveXis, Inc. is dealing with payers on agreements to create novel pay-over-time options is planning to provide high support to the patients needing zolgensma for SMA

In March 2019, Thermo Fisher Scientific Inc. announced the acquisition of Brammer Bio for taking up the market of viral vector manufacturing services for gene therapy. This acquisition proves that the growing market catches up with the demand for life-changing therapeutics in order to meet the unmet medical needs. This acquisition contributes in the fast-evolving gene therapy market

Competitive Analysis:

Global Gene Therapy Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gene therapy market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Few of the major competitors currently working in the global gene therapy market are Pfizer Inc., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Spark Therapeutics, Inc., bluebird bio, Inc., ALLERGAN, Krystal Biotech, Inc., Amicus Therapeutics, Inc., Sarepta Therapeutics, Novartis AG, MeiraGTx Limited, Rocket Pharmaceuticals, Lonza, Biogen, Gilead Sciences, Inc., REGENXBIO Inc., uniQure N.V., Solid Biosciences Inc., Audentes Therapeutics among others.

Key Pointers Covered in the Gene Therapy Market Industry Trends and Forecast to 2027

Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

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Gene Therapy Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's' focus related to Gene Therapy market.

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