Press release
Gene Therapy Market Size 2023-2028 | Growth Revenue, Trends and Forecast
Gene Therapy Market 2023-2028
The global gene therapy market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 15.39% during 2023-2028.
What is Gene Therapy?
Gene therapy is a cutting-edge medical approach that revolves around the modification of genes to treat or prevent diseases, aiming to address genetic disorders at their core. This innovative therapeutic technique harnesses the potential of genetic engineering to introduce, modify, or silence specific genes, offering new hope to patients with previously untreatable conditions. Gene therapy represents a beacon of advancement in the medical industry, holding the promise of revolutionizing the way we combat diseases and manage our health.
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What are the growth prospects and trends in the gene therapy industry?
At present, increasing investments in research and development (R&D) activities by pharmaceutical companies is paving the way for the development of novel gene therapies. This influx of resources is accelerating the discovery of potential treatments for a range of diseases, which is propelling the growth of the market.
Moreover, regulatory bodies and healthcare institutions worldwide are increasingly recognizing the potential of gene therapy. They are streamlining the approval processes, making it more accessible to patients in need. This favorable regulatory environment not only expedites market entry but also instills confidence in investors. In addition, the gene therapy market is witnessing a shift towards personalized medicine.
Tailoring treatments according to the genetic makeup of individuals enhances their effectiveness while reducing adverse effects. This personalized approach is gaining traction and reshaping the healthcare landscape.
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Report Segmentation:
The report has segmented the market into the following categories:
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
Some of the Top Key players in the Gene Therapy Market
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.
Voyager Therapeutics Inc.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Contact Us:
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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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