Press release
Nucleic Acid Based Gene Therapy Market To Witness Astonishing Growth - 2028 | Key Players: Copernicus Therapeutics, Moderna Inc., Wave Life Sciences
The Nucleic Acid Based Gene Therapy Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies."The global nucleic acid based gene therapy market was worth $565.57 million in 2020. It is expected to grow at a compound annual growth rate (CAGR) of 12.5% and reach $830.80 million by 2028."
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Top Leading Companies of Nucleic Acid Based Gene Therapy Market are - Copernicus Therapeutics, Moderna Inc., Wave Life Sciences, Protagonist Therapeutics, Transgene, uniQure NV, Sarepta Therapeutics Inc., Oxford Biomedica, Benitec Biopharma, PYC Therapeutics Limited, Others and others.
Industry News:
In May 2018, Vectalys, a leading biotechnology company specializing in the manufacturing of high-quality solutions for gene delivery and FlashCell, a company engaged in developing non-integrated lentiviral delivered RNA Therapeutics announced the merger to create Flash Therapeutics, a privately held gene therapy company developing cell and gene therapeutics. The new company Flash Therapeutics is expected to focus on the development of RNA therapeutics based on LentiFlash, a non-integrative lentiviral delivery technology for incurable diseases.
The Nucleic Acid Based Gene Therapy Market is segmented by Type and Application as follows:
1) By Nucleic Acid Technology: Anti-Sense And Anti-Gene Oligonucleotides; Sirna And Rna Interference; Gene Transfer Therapy; Ribozymes; Aptamers; Others
2) By Application: Oncology; Muscular Dystrophy/ Muscular Disorders; Rare Diseases; Others
3) By End User: Hospitals And Clinics; Academic And Research Institutes
Market Overview:
Rising financial support by the government and the companies is projected to drive the demand for nucleic acid based gene therapy. Nucleic acid therapeutics are analogs of naturally occurring acids or proteins responsible for genetic expression. The traditional therapies do not have any cure for the treatment of diseases such as cystic fibrosis, hemophilia, sickle cell anaemia, thalassemia, and diabetes. Genetic profiling and molecular target identification form the backbone of these classes of drugs. Nucleic acid medication has greater potential for the treatment of these diseases, as they target the genetic basis of diseases and have a permanent cure. Rising financial support by the government and the companies dealing in the market for gene therapy is expected to contribute to increasing the demand for nucleic acid-based gene therapies. For instance in October 2019, the USA National Institutes of Health (NIH) announced plans to invest $100 million for the next four years to cure HIV and sickle cell disease with gene therapies. The government support for gene therapies will contribute to the growth of the market.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Nucleic Acid Based Gene Therapy Market Size & Analysis (2016 - 2030)
- Market Share Analysis of Nucleic Acid Based Gene Therapy Market (%),2016 - 2030
- Nucleic Acid Based Gene Therapy Market Share, By Brand
- Nucleic Acid Based Gene Therapy Market Share, By Company
- Nucleic Acid Based Gene Therapy Market Assessment & Opportunity (Value),2016 - 2030
- Major Companies Nucleic Acid Based Gene Therapy Market Value Analysis & Forecast
- Promising Nucleic Acid Based Gene Therapy Development by Major Companies
- Detailed Nucleic Acid Based Gene Therapy Portfolio of the Major Companies
- Major Deals in the Nucleic Acid Based Gene Therapy Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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