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Gene Therapy Market 2020-2026 Size, Share, Regional Analysis Including Leading Business Players - Pfizer , Thermo Fisher Scientific, Spark Therapeutics, ALLERGAN, Amicus Therapeutics, Sarepta Therapeutics, Novartis AG
Gene Therapy Market
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Only realistic tools of market analysis are used in this Gene Therapy Market report on which businesses can trust confidently. The market report covers very important aspect which is competitive intelligence and with this businesses can gain competitive advantage to thrive in the market. This market report also encompasses a far-reaching research on the current conditions of the Healthcare industry, potential of the market in the present and the future prospects. What is more, Gene Therapy Market report also contains the details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology.
Market Analysis: Global Gene Therapy Market
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.
Key Market Players:
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.
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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.
Segmentation: Global Gene Therapy Market
Gene Therapy Market : By Type
Somatic Gene Therapy
Germline Gene Therapy
Others
Gene Therapy Market : By Gene Type
Antigen
Cytokine
Suicide
Others
Gene Therapy Market : By Viral Vector
Retroviruses
Herpes Simplex Virus
Adenoviruses
Others
Gene Therapy Market : By Non-Viral Vector
Naked/Plasmid Vectors
Electroporation
Others
Gene Therapy Market : By Application
Oncology
Rare Diseases
Infectious Disease
Others
Gene Therapy Market : By End Users
Hospitals
Homecare
Specialty Clinics
Others
Gene Therapy Market : By Distribution Channels
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Others
Gene Therapy Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
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
Gene Therapy 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
Gene Therapy 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
Reasons to Purchase this Report :
Current and future of global gene therapy market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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