Gene Therapy Market Projected to Reach US$ 5.3 Billion, with a Staggering 19.8% CAGR by 2028 - Reveals Transparency Market Research

The latest research study released by Transparency Market Research on "Gene Therapy Market Forecast to 2021-2028 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Gene Therapy industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Gene Therapy market is estimated to attain a valuation of US$ 5.3 Bn by the end of 2028, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 19.8% during the forecast period, 2021-2028

Numerous biopharmaceutical firms, governments, and research institutions have made significant expenditures on gene-related research and development, providing a potential to acquire a competitive edge in the global gene therapy market. A significant number of gene therapy products are now being studied in various phases of clinical trials, and candidates of gene therapy is expected to rise throughout the forecast period. The demand for gene therapy products is projected to be fueled by continued investment in gene therapy research and rise in the number of late-stage gene therapy candidates in the oncology field and other genetic illnesses.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1838

Key Findings Of Report

Growing Need for Treatment Centers in Europe and the U.S.:

The increased demand for treatment centers in Europe and the U.S. is driven by the approval of new gene therapy products and the projected success rates. Companies are expanding treatment facilities to cater to a larger pool of patients in need of gene therapy procedures, following promising early outcomes.

Intensifying Competition Among Top Biopharmaceutical Firms:

The heightened rivalry among major biopharmaceutical firms to gain approval and market gene therapy solutions in various underserved medical areas is anticipated to fuel the global gene therapy market's growth in the forthcoming years.

Potential of Gene Therapy in Addressing Hereditary and Life-Threatening Illnesses:

Gene therapy holds the potential to treat and prevent various hereditary conditions and life-threatening diseases, including AIDS, cystic fibrosis, cancer, age-related ailments, and heart disease. Offering a comprehensive cure for genetic illnesses rather than symptom relief via traditional therapies, gene therapy is projected to drive the global gene therapy market.

Growth Drivers

Driving Forces Behind the Global Gene Therapy Market:

To advance the adoption of gene therapy products, companies within this market are directing their focus towards high-income patient segments, acknowledging the substantial research and development investment these therapies require. Conducting surveys and assembling focus groups aimed at understanding individual preferences regarding gene therapy products is expected to propel market growth on a global scale.

Primary Catalyst for Global Gene Therapy Market Advancement:

A significant driver propelling the global gene therapy market is the escalating prevalence and rising incidence rates of various malignancies lacking comprehensive cures.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 -
https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1838

Companies:

Novartis AG
Orchard Therapeutics Limited.
Celgene Corporation
Spark Therapeutics, Inc.
Gilead Sciences, Inc.
Sibiono GeneTech Co. Ltd.

Market Segmentation -

Product
Instruments
Media
Sera
Reagents

End-user
Biotechnology Companies
Pharmaceutical Companies
Academic Institutes
Research Institutes

This Report lets you identify the opportunities in Gene Therapy Market by means of a region:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=1838

Reasons to Buy The Gene Therapy Market Report: -

1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

2.Reports provide opportunities and threats faced by suppliers in the Gene Therapy industry around the world.

The report shows regions and sectors with the fastest growth potential.

3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

5.This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Nanoparticle Contract Manufacturing Market-https://www.globenewswire.com/news-release/2022/10/04/2528152/0/en/Nanoparticle-Contract-Manufacturing-Market-to-Reach-US-176-5-Bn-by-2031-TMR-Study.html

Infusion Therapy Market - https://www.globenewswire.com/en/news-release/2023/11/15/2781040/32656/en/Infusion-Therapy-Market-Value-is-Anticipated-to-Surpass-USD-78-9-billion-Estimates-a-CAGR-of-6-7-through-2031-By-Transparency-Market-Research-Inc.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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This release was published on openPR.