Gene Therapy Market Size is Projected to Reach CAGR of 15.60% Forecast by 2027 | Global Trends, Growth, Share, Future Scope and Key Player Analysis

Gene Therapy Market Overview :

The latest research study "Gene Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global gene therapy market reached a value of US$ 3.77 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.5 Billion by 2027 exhibiting a CAGR of 15.60% during 2022-2027.

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Gene therapy is a medical technique for preventing the progression of the disease by altering the expression of defective genes or modifying the biological characteristics of living cells for therapeutic purposes. It improves the body's ability to fight against various diseases, including cancer, diabetes, hemophilia, cystic fibrosis, heart disease, and acquired immunodeficiency syndrome (AIDS). Currently, gene therapy is widely available in numerous variants, such as viral vectors, plasmid deoxyribonucleic acid (DNA), human gene-editing technology, bacterial vectors, and patient-derived cellular gene therapy, across the globe.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Gene Therapy Market Trends and Drivers:

The global gene therapy market is primarily driven by the rising prevalence of genetic and acquired diseases, including diabetes, cardiovascular diseases (CVDs), cystic fibrosis, cancer, and AIDS. Moreover, there has been a rise in government funding and support for gene therapy research. In line with this, the increasing awareness about the benefits of gene therapy and the easy accessibility to healthcare facilities have accelerated product adoption rates.

Besides this, the rising geriatric population, which is more prone to developing chronic health conditions, is positively influencing the market growth. Additionally, the development of novel gene therapy that offers a safe, non-addictive alternative to opioids for treating various chronic pain conditions, including rare neuropathic pain disorders and lower back pain, is another major growth-inducing factor.

Furthermore, numerous key players are investing in product innovations and research and development (R&D) activities to gain a competitive advantage. Other factors, including favorable reimbursement policies, improving healthcare infrastructure, inflating consumer healthcare expenditures, and technological advancements, are also anticipated to propel market growth.

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Global Gene Therapy Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Gene Therapy Companies:

Abeona Therapeutics Inc., Adaptimmune Therapeutics plc, Adverum Biotechnologies Inc., Amgen Inc., Astellas Pharma Inc., Biogen Inc., Bluebird Bio Inc., Mustang Bio Inc. (Fortress Biotech Inc.), Novartis AG, Orchard Therapeutics plc, UniQure N.V. and Voyager Therapeutics Inc.

The report has segmented the market on the basis of region, gene type, vector type, delivery method and application

Breakup by Gene Type:
• Antigen
• Cytokine
• Tumor Suppressor
• Suicide Gene
• Deficiency
• Growth Factors
• Receptors
• Others

Breakup by Vector Type:
• Viral Vector
o Adenoviruses
o Lentiviruses
o Retroviruses
o Adeno-Associated Virus
o Herpes Simplex Virus
o Poxvirus
o Vaccinia Virus
o Others
• Non-Viral Techniques
o Naked and Plasmid Vectors
o Gene Gun
o Electroporation
o Lipofection
o Others

Breakup by Delivery Method:
• In-Vivo Gene Therapy
• Ex-Vivo Gene Therapy

Breakup by Application:
• Oncological Disorders
• Rare Diseases
• Cardiovascular Diseases
• Neurological Disorders
• Infectious Disease
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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