Nucleic Acid Based Gene Therapy Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032

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The Business Research Company's Nucleic Acid Based Gene Therapy Global Market Report 2023 identifies rising financial support by the government and the companies as the major driver for the nucleic acid-based gene therapy market's growth in the forecast period. Nucleic acid therapeutics are analogs of naturally occurring acids or proteins responsible for genetic expression. The traditional therapies do not have any cure for the treatment of diseases such as cystic fibrosis, hemophilia, sickle cell anemia, thalassemia, and diabetes. Genetic profiling and molecular target identification form the backbone of these classes of drugs. Nucleic acid medication has greater potential for the treatment of these diseases, as they target the genetic basis of diseases and have a permanent cure. Rising financial support by the government and the companies dealing in the market for gene therapy is expected to contribute to increasing the demand for nucleic acid-based gene therapy market.

The global nucleic acid based gene therapy market grew from $0.68 billion in 2022 to $0.75 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of nucleic acid based gene therapy is expected to grow from $1.06 billion in 2027 at a CAGR of 9.2%.

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Major competitors in the nucleic acid-based gene therapy market are Celsion Corporation, Wave Life Sciences, Imugene, Caperna, Phylogica, Protagonist Therapeutics, Benitec Biopharma, EGEN, BioMedica.

A key trend in the nucleic acid-based gene therapy market includes strategic partnerships and collaborations to help boost production. Major players are entering into partnership to expand their market and leverage each other's resources. For example, in January 2022, Pfizer Inc., an American multinational pharmaceutical and biotechnology corporation, and Beam Therapeutics Inc., an American biotechnology company developing precision genetic medicines through base editing, announced an exclusive four-year research collaboration focused on in vivo base editing programs for three targets for rare genetic diseases of the liver, muscle and central nervous system. Similarly, in August 2022, Merck, an American multinational pharmaceutical company, and Orna Therapeutics, a US based biotechnology company pioneering a new investigational class of engineered circular RNA (oRNA) therapies, announced a collaboration agreement to discover, develop, and commercialize multiple programs, including vaccines and therapeutics in the areas of infectious disease and oncology.

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The nucleic acid-based gene therapy market is segmented -
• By Technology: Anti-Sence and Anti-Gene, Short Inhibitory Sequences, Gene Transfer Therapy, Nucleoside Analogs, Ribozymes, Aptamers, Other Technologies

• By Application: Oncology, Muscular Dystrophy/ Muscular Disorders, Rare Diseases

• By End User: Hospitals And Clinics, Academic And Research Institutes

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nucleic acid-based gene therapy market.

The Business Research Company's "Global Nucleic Acid Based Gene Therapy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Nucleic Acid Based Gene Therapy Market Include:
1. Executive Summary
2. Nucleic Acid Based Gene Therapy Market Characteristics
3. Nucleic Acid Based Gene Therapy Market Trends And Strategies
4. Nucleic Acid Based Gene Therapy Market - Macro Economic Scenario
5. Nucleic Acid Based Gene Therapy Market Size And Growth
……
27. Nucleic Acid Based Gene Therapy Market Competitive Landscape And Company Profiles
28. Nucleic Acid Based Gene Therapy Pipeline Analysis
29. Key Mergers And Acquisitions In The Nucleic Acid Based Gene Therapy Market
30. Nucleic Acid Based Gene Therapy Market Future Outlook and Potential Analysis
31. Appendix

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