Press release
The Market For Gene Therapy Is Likely To Be Valued At US$ 10.1 Billion by 2032
Over the last few years, the world has seen a significant increase in focus on health care, which has resulted in a massive increase in research and development activities. The rising prevalence of rare diseases has also increased the demand for novel treatments, which has driven gene therapy market potential in the past. A CAGR of 18.7% was recorded for the market from 2015 to 2021.The increasing use of gene modification in a variety of treatments, as well as the increasing use of genome editing in biotechnology applications, are also expected to guide the gene therapy market in the coming years. The global gene therapy industry is expected to be hampered by high gene therapy costs and a lack of standardization. From 2022 to 2032, demand for gene therapies is expected to grow at an astronomical CAGR of 18.5%.
๐๐น๐ถ๐ฐ๐ธ ๐๐ฒ๐ฟ๐ฒ ๐ง๐ผ ๐ด๐ฒ๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ (๐๐ป๐ฐ๐น๐๐ฑ๐ถ๐ป๐ด ๐๐๐น๐น ๐ง๐ข๐, ๐ง๐ฎ๐ฏ๐น๐ฒ & ๐๐ถ๐ด๐๐ฟ๐ฒ๐): ๐ต๐๐๐ฝ๐://๐๐๐.๐ณ๐ฎ๐ฐ๐๐บ๐ฟ.๐ฐ๐ผ๐บ/๐ฐ๐ผ๐ป๐ป๐ฒ๐ฐ๐๐๐/๐๐ฎ๐บ๐ฝ๐น๐ฒ?๐ณ๐น๐ฎ๐ด=๐ฆ&๐ฟ๐ฒ๐ฝ_๐ถ๐ฑ=๐ฐ๐ฒ๐ฐ๐ด
๐ฃ๐ฟ๐ผ๐บ๐ถ๐ป๐ฒ๐ป๐ ๐๐ฒ๐ป๐ฒ ๐ง๐ต๐ฒ๐ฟ๐ฎ๐ฝ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐
Research and development (R&D) activities are also expected to have a significant impact on the market. Several companies are aiming to build a gene therapy platform with a strategy centered on establishing a transformational portfolio through in-house capabilities and enhancing those capabilities through strategic collaborations, R&D expansion, and potential licensing, merger, and acquisition activities.
For example, the Cystic Fibrosis Foundation announced an investment in SalioGen Therapeutics in January 2022 to support the company's preclinical research into novel gene therapy for cystic fibrosis. SalioGen's Gene Coding approach is intended to activate, deactivate, or modify the function of any gene in the genome.
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐ฒ๐ป๐ฒ ๐ง๐ต๐ฒ๐ฟ๐ฎ๐ฝ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
By Product :
โข Yescarta-based Gene Therapy
โข Kymriah-based Gene Therapy
โข Luxturna-based Gene Therapy
โข Strimvelis-based Gene Therapy
โข Gendicine
โข Others
By Application :
โข Ophthalmology
โข Oncology
โข Adenosine Deaminase/Deficient Severe Combined Immunodeficiency (ADA-SCID)
By Region :
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia
โข MEA
๐ข๐ป๐ฐ๐ผ๐น๐ผ๐ด๐ ๐ฒ๐ ๐ฝ๐ฒ๐ฐ๐๐ฒ๐ฑ ๐๐ผ ๐๐ฐ๐ฐ๐ผ๐๐ป๐ ๐ณ๐ผ๐ฟ ๐ฎ ๐ฆ๐ถ๐๐ฎ๐ฏ๐น๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ต๐ฎ๐ฟ๐ฒ ๐ฏ๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป
The cancer segment is expected to account for a sizable portion of the market. The increasing burden of cancer disorder, the growing emphasis on research to develop an effective cancer treatment, and rising cancer research investments are all factors driving the segment growth.
According to Globocan 2020, an estimated 19,292,789 new cancer cases and 9,958,133 cancer deaths were reported worldwide in 2020. Various gene therapy strategies are currently being used in the treatment of cancer. These include anti-angiogenic gene therapy, pro-drug activating suicide gene therapy, immune modulation based on gene therapy, oncolytic virotherapy, gene defect correction/compensation, antisense, genetic manipulation of apoptotic and tumor invasion pathways, and RNAi strategies. These therapies have targeted cancer types such as lung, brain, breast, pancreatic, liver, colorectal, prostate, bladder, head and neck, skin, renal and ovarian cancer.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐๐ผ๐๐ป๐๐ฟ๐ - ๐ต๐๐๐ฝ๐://๐๐๐.๐ณ๐ฎ๐ฐ๐๐บ๐ฟ.๐ฐ๐ผ๐บ/๐ฐ๐ผ๐ป๐ป๐ฒ๐ฐ๐๐๐/๐๐ฎ๐บ๐ฝ๐น๐ฒ?๐ณ๐น๐ฎ๐ด=๐ฅ๐&๐ฟ๐ฒ๐ฝ_๐ถ๐ฑ=๐ฐ๐ฒ๐ฐ๐ด
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
The global gene therapy market is fiercely competitive, with only a few major players. Companies like Amgen Inc., Bluebird Bio, Gilead Sciences, Inc., Novartis AG, Orchard Therapeutics, Sibiono GeneTech Co. Ltd., Spark Therapeutics (Roche AG), and UniQure N.V., have a sizable market share in the Gene Therapy market. To secure a position in the global market, various strategic alliances such as collaborations, acquisitions, and the launch of advanced products have been formed.
โข In October 2021, the National Institutes of Health, the United States Food and Drug Administration, ten pharmaceutical companies, and five non-profit organizations announced a collaboration to accelerate the development of gene therapies for the 30 million Americans who suffer from a rare disease. Such initiatives are expected to boost demand for gene therapy.
โข BioMarin Pharmaceutical Inc. reported updates on its investigational gene therapy programs in clinical development in February 2022. The Food and Drug Administration (FDA) issued additional requests to the Company for information needed to resolve the clinical hold of the PHEARLESS Phase 1/2 study of BMN 307 issued in September 2021.
โข Novartis acquired Gyroscope Therapeutics in December 2021, adding a one-time gene therapy that could transform care for geographic atrophy, a leading cause of blindness.
โข Abecma (idecabtagene vicleucel), a cell-based gene therapy, was approved by the US Food and Drug Administration in March 2021 to treat adult patients with multiple myeloma who have not responded to, or whose disease has returned after, at least four prior lines (different types) of therapy. Abecma is the first FDA-approved cell-based gene therapy for the treatment of multiple myeloma.
๐๐ฒ๐ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐ ๐ฃ๐ฟ๐ฒ๐๐ฎ๐น๐ฒ๐ป๐ ๐ถ๐ป ๐๐ต๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ฒ๐ป๐ฒ ๐ง๐ต๐ฒ๐ฟ๐ฎ๐ฝ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Gene therapies are expensive medical procedures that necessitate significant capital investment on the part of both the provider and the patient, which limits the global gene therapy market's growth.
Gene modifications necessitate precision equipment, which significantly raises the cost of cell and gene therapy and limits the global adoption of these therapies. Due to high costs and low adoption, viral vector gene therapies are expected to grow at the slowest rate.
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
https://www.prnewswire.com/news-releases/six-out-of-every-ten-ariel-work-platform-sold-worldwide-is-reported-from-asia-pacific-301411893.html
https://www.prnewswire.com/news-releases/as-investment-in-road-infrastructure-grows-recycled-asphalt-market-will-be-positioned-to-surpass-us-10-7-bn-by-2031--301412860.html
https://www.prnewswire.com/news-releases/aviation-lubricants-market-to-grow-by-1-6x-as-air-passenger-traffic-burgeons-post-pandemic-301414179.html
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