Personalized Gene Therapy Treatments for Cancer Market Poised to Achieve Significant Growth in the Years to Come

Personalized cancer medicine comes from studies of human genes and the genes in different type of cancer. This approach can also be called precision medicine. The practice emphasizes the precision of end points in assessing both the severity and duration of disease and the quality of the treatment provided. The goal of precision medicine is to decrease the overall treatment burden, while maximizing the individual's capacity for healing. Personalized medicines such as gene therapies may improve identification of optimal treatment. Cancer types, which have been targeted with gene therapy, include renal, ovarian, skin, head and neck, bladder, prostate, liver, breast, lung, brain, pancreatic, and colorectal cancer.

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Thus, with the increasing prevalence of cancer around the world, the demand for personalized gene therapy treatments for cancer is also expected to increase with a rapid pace. This in turn is expected to augment growth of the personalized gene therapy treatments for cancer market. According to the World Health Organization (WHO), cancer is a leading cause of death across the globe, accounting for nearly 10 million deaths in 2020. The most common in 2020 (in terms of new cases of cancer) were: stomach (1.09 million cases), skin (non-melanoma) (1.20 million cases), prostate (1.41 million cases), colon (1.93 million cases), lung (2.21 million cases), and breast (2.26 million cases).

Moreover, the growth of the personalized gene therapy treatments for cancer market in North America, especially in the United States, is mainly driven by increasing prevalence of cancer and adoption of gene therapies for the treatment of various types of cancer. The U.S. Food and Drug Administration (USFDA) has approved gene therapy for the treatment of cancer and other serious and life-threatening diseases. Furthermore, according to the National Cancer Institute, in 2020, around 1,806,590 new cases of cancer were expected to be diagnosed in the U.S. and around 606,520 people were expected to die from the disease. Therefore, there is an increasing demand for personalized gene therapy treatments in this region.

Targeted therapy is a cancer treatment that uses drugs to target specific genes and proteins that are involved in the growth and survival of cancer cells. The U.S. FDA has approved targeted therapies for many types of cancer. Lymphoma and leukemia, multiple myeloma, brain cancer, lung cancer, breast cancer, kidney cancer, colorectal cancer, melanoma, and certain childhood cancer are the common types of cancer for which targeted treatments are applied. Moreover, Government around the world are encouraging researchers to develop effective personalized gene therapy treatments for cancer, propelling the growth of the personalized gene therapy treatments for cancer market.

Major Players: Allergy Therapeutics, Zicam, Aravax, Immunomic Therapeutic, Inc., Astellas, and Aimmune.

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