Gene Therapy Market Size, Growth, Trends, Report 2022-2028

According to Precision Business Insights (PBI), the global gene therapy market size was valued at USD 2,001.4 billion in 2021 and is poised to grow at a significant CAGR of 23.4% during the forecast period 2022 to 2028. Due to their ability to repair damaged tissue and their minimal immunogenicity, mesenchymal stem cell implantation using allogeneic MSCs is a promising method for creating cell-based therapies. Process automation is an additional method for cutting the costs and time associated with mass-producing cell treatments. The market for the creation of cell and gene treatments is expected to rise dramatically as a result of this technological advancement in therapeutic manufacture. The business is expanding quickly following the FDA's approval of gene therapy in 2017. Several gene therapy businesses are concentrating on producing and selling their products as a result of operational entities' increased funding and the clinical effectiveness of these therapies. The top producers are participating in a number of tactical activities to strengthen their position in the gene therapy manufacturing business.

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Gene Therapy Market Growth Factors:
Many attempts have been launched by biopharma businesses to get a competitive edge in the market. Several businesses are using a variety of market entry tactics, including as expanding their biopharmaceutical facilities, developing with contract manufacturing organizations (CMOs), and working with other important players. For instance, Exothera, a viral vector CDMO that offers cell and gene therapy developers, was introduced by Univercells in March 2020. While rare, one of the most prevalent fatal hereditary disorders of infancy is spinal muscular atrophy (SMA). About its treatment, the invention of gene therapy, Zolgensma (AVXS-101), has knowingly demonstrated its effectiveness in curing SMA while also altering the phenotype of the illness.

The global gene therapy market segmentation
1) By Vector Type: Adeno Virus Vector, Adeno-associated Virus Vector, Lentiviral Vector, Retroviral Vector, Herpes Virus Vector, Others
2) By Disease Type: Oncological Disorders, Cardiovascular Diseases, Lentiviral Vector, Retroviral Vector, Herpes Virus Vector, Others

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Gene Therapy Market Regional Analysis:
North America is predicted to make up the highest share of global revenue in 2021, and it is anticipated that it will keep the top spot throughout the projection period. This is due to a supportive regulatory environment, particularly in the US. The U.S. FDA has established a collaborative regulatory approach for CGTs in addition to early and consistent involvement with the sponsor and special regulatory designations helpful for many CGTs. Furthermore, the U.S. regulatory approval process is growing and improving for suppliers of CGT goods. The U.S. FDA has given CGTs the orphan drug group, breakthrough classification, accelerated approvals, and RMAT classifications in order to expedite the approval process.

Key players in the Gene Therapy Market report are Bristol-Myers Squibb Company, Sanofi SA, Hoffmann-La Roche Ltd., Novartis AG, Shire Plc, Gilead Lifesciences, Inc., REGENXBIO Inc., Amgen, Inc., Celgene Corporation, UniQure N.V., Orchard Therapeutics Plc

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