Gene Therapy Market is Forecast to Achieve USD 51.22 billion by 2031, Growing at a CAGR of 31.89% Over the Forecast Period | Novartis AG, Gilead Sciences, Jazz Pharmaceuticals Orchard Therapeutics

The global gene therapy market reached US$ 4.67 billion in 2023 and is expected to reach US$ 51.22 billion by 2031, growing at a CAGR of 31.89% during the forecast period 2024-2031. 

The Gene Therapy Market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A medical treatment that involves altering or manipulating a person's genes to treat or prevent diseases. It can involve replacing, inactivating, or introducing genes into a patient's cells to correct genetic disorders.

Forecast Growth Projected:

The Global  Gene Therapy Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the  Gene Therapy Market:

Novartis AG, Gilead Sciences, Jazz Pharmaceuticals Orchard Therapeutics, Bristol-Myers Squibb, Amgen, SiBiono Genentech, Shanghai Sunway Biotech Co, Adapt immune Therapeutics and Adverum Biotechnologies.

Industry Development:

In Feb 2023 Charles River and Purespring Therapeutics Announce Gene Therapy Manufacturing Collaboration. The program leverages Charles River's established plasmid platform, eXpDN and decades of experience at the Company's plasmid DNA manufacturing center of excellence to support the first gene therapy platform targeting renal diseases, which affect approximately 840 million people, or roughly 10% of the global population.

In May 2023 Forge Biologics and LabCorp partner for gene therapies development. The alliance will aim to shorten trial timeframes and eliminate analytical development restrictions, as well as solve any regulatory problems connected to manufacturing and development procedures. ​

Research Methodology:

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Market Dynamics:

The gene therapy market is experiencing rapid growth, driven by the increasing number of approved gene therapies and ongoing advancements in CRISPR technology and other gene-editing tools. Market drivers include the high prevalence of genetic disorders, the potential for one-time curative treatments, and increasing investments in gene therapy research. Regulatory approvals and cost-related challenges continue to be key factors shaping the market's trajectory.

Segment Covered in the  Gene Therapy Market:

➠ By Therapy Type (Somatic Gene Therapy, Germline Therapy)
➠ By Drug Class (Cardiology, Neurology, Oncology, Infectious Diseases, Inherited Diseases, Others)

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Gene Therapy Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Gene Therapy market?

➠ Who are the global key manufacturers of the Gene Therapy Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Gene Therapy market opportunities and threats faced by the vendors in the global Gene Therapy Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Gene Therapy market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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