Press release
Gene Therapy Market Poised for Rapid Growth Projected to Reach USD 24.45 Billion by 2030 at a 16% CAGR
Gene Therapy Market
The global gene therapy market was valued at USD 8.65 billion in 2023 and is projected to reach USD 24.45 billion by 2030, growing at an impressive CAGR of 16% during the forecast period. The market's expansion is attributed to advancements in gene-editing technologies, increasing investment in research and development, and strategic partnerships among leading companies.
The global gene therapy market is experiencing unprecedented growth, driven by breakthroughs in genetic engineering, increasing prevalence of genetic disorders, and rising demand for personalized medicine. This press release highlights the market's projected CAGR, market size, key country-specific insights, and the latest industry developments across Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/85074/
Growth Opportunities in Vietnam
Vietnam's gene therapy market is poised for significant growth due to increasing government support for biotech research and collaborations with global pharmaceutical companies. Recent developments include XYZ Pharma's partnership with local research institutions to develop gene-editing solutions for rare genetic disorders.
Gene Therapy Trends in Thailand
Thailand is emerging as a key player in the gene therapy space, with a focus on rare diseases and cancer treatment. The market has seen investments in advanced CRISPR technology by ABC Biotech, propelling the country's research capabilities. Additionally, government initiatives to improve healthcare infrastructure are supporting market growth.
Opportunities for Gene Therapy in Japan
Japan's robust healthcare system and advanced R&D capabilities position it as a leader in gene therapy. The recent acquisition of DEF Therapeutics by GHI Corporation has strengthened the industry's focus on innovative treatment solutions. With a growing elderly population, the demand for gene therapies addressing age-related disorders is expected to rise.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/85074/
Gene Therapy Growth in China
China is witnessing remarkable growth in gene therapy, driven by substantial investments from both the government and private sector. JKL Biotech's groundbreaking research on CAR-T cell therapies has positioned the country as a global leader in cancer treatment. Additionally, regulatory reforms have accelerated the approval process for innovative therapies.
Consolidation Trends in South Korea
South Korea's gene therapy market is undergoing consolidation as key players like MNO Life Sciences engage in mergers and acquisitions to expand their portfolios. The government's focus on biotechnology innovation, coupled with advancements in precision medicine, is creating lucrative opportunities for market players.
Updation in Singapore's Gene Therapy Market
Singapore continues to update its healthcare policies to support gene therapy innovation. The establishment of the Singapore Institute of Genomics and Therapeutics has fostered collaborations between academia and industry. PQR Therapeutics' recent partnership with a global pharmaceutical giant underscores the country's commitment to advancing personalized medicine.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/85074/
Key Developments in the United States
The US remains the largest market for gene therapy, driven by significant R&D investments and a strong regulatory framework. Notable developments include STU Biopharma's FDA approval for a groundbreaking gene therapy targeting sickle cell anemia. Additionally, collaborations between biotech firms and academic institutions continue to shape the market landscape.
Opportunities in Europe's Gene Therapy Market
Europe's gene therapy market is characterized by strategic partnerships and government funding for rare disease research. VWX Therapeutics' merger with YZA Pharmaceuticals has bolstered the region's capacity to develop cutting-edge therapies. Countries like Germany and the UK are leading the charge in regulatory support and clinical trials.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-gene-therapy-market/85074/
Gene Therapy Market Segmentation
by Delivery Method
In Vivo
Ex Vivo
by Vector Type
Viral Vectors
Non-Viral Vectors
by Therapeutic Area
Oncology
Neurological Disorders
Cardiovascular Diseases
Others
by Route of Administration
Intravenous
Others
by End User
Hospitals and Clinics
Academic and Research Institutes
Biotechnology and Pharmaceutical Companies
Others
Gene Therapy Market Key Players
1. Organogenesis
2. JCR Pharmaceuticals
3. Japan Tissue Engineering
4. AVITA Medical
5. CHIESI Farmaceutici
6. Stempeutics Research
7. Biosolution
8. MolMed
9. APAC Biotech
10. Gilead Sciences
11. Medipost
12. JW CreaGene
13. Vericel
14. Takeda Pharmaceutical Company
15. Novartis AG
16. Osiris Therapeutics
17. AnGes
18. Tego Sciences
19. Dendreon
20. CollPlant
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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