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Gene Therapy Products Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

09-15-2023 07:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Gene Therapy Products Market is Anticipated to Increase at

Gene Therapy Products Market is anticipated to grow at a significant CAGR during the forecast period. Gene therapy is an advanced medical treatment involving the transfer of a normal/ healthy gene to replace a defective gene in a cell. The market growth is majorly attributed owing to the growing incidences of various chronic and genetic disorders in human beings that can be cured through gene therapy. Gene therapy products are broadly used in treating genetic disorders by administering a gene that is healthy in place of defective genes in a cell. These products primarily find their application in the prevention as well as a cure for different types of genetic and chronic disorders. In fact, the COVID-19 treatment is one of the applications that hold a promising future for market growth.

As a result of such unmet medical needs, a few gene therapy developers are entering into field of vaccines development. For instance, in January 2021, vaccine candidates developed by Mass General Brigham and made by utilizing gene-therapy technology elicited strong immune responses in animal models for the treatment of COVID-19. The vaccine candidate was named AAVCOVID and the researchers received a $2.1 million grant to further develop the technology from the Bill & Melinda Gates Foundation. The vaccine which is being developed is likely to be far more convenient than the ones being sold in the market currently, as it has single-dose and can be stored at room temperature. Different approaches are being used by other researchers, like those from the University of Pennsylvania. In collaboration with Regeneron, the researchers are using adeno-associated viral vectors to transport lab-made antibodies into the body. These kinds of researches are expected to offer an opportunity for the growth of the market. 

To Request a Sample of our Report on Gene Therapy Products Market:  https://www.omrglobal.com/request-sample/gene-therapy-products-market

Market Coverage

The market number available for - 2022-2030
Base year- 2023
Forecast period- 2022-2030
Segment Covered
Regions Covered- Globally

Competitive Landscape:  Gilead Sciences, Inc., Novartis International AG, and Celgene Corp., among others.  

Gene Therapy Products Market Report by Segment

By Product

Yescarta
Kymriah
Luxturna
Strimvelis
Gendicine

By Application

Ophthalmology
Oncology
Adenosine Deaminase Deficient Severe Combined Immunodeficiency (ADA-SCID)

A full Report of Gene Therapy Products Market is Available @  https://www.omrglobal.com/industry-reports/gene-therapy-products-market

 Gene Therapy Products Market by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/gene-therapy-products-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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