Press release
Gene Transfer Technologies Market Trends and Opportunities in Therapeutics Research and Biotechnology Applications
Gene Transfer Technologies Market
According to the latest research by InsightAce Analytic, the Global Gene Transfer Technologies Market is valued at USD 3.8 Bn in 2024, and it is expected to reach USD 10.1 Bn by 2034 , with a CAGR of 10.7% during the forecast period of 2025-2034.
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The market for gene transfer technologies is a cutting-edge and quickly developing area of the pharmaceutical and biotechnology sectors. This market is centered on the creation and implementation of methods for introducing genetic material into cells for use in genetic modification, therapy, and other research applications. Gene transfer technologies are transforming biotechnology and healthcare thanks to notable developments and rising investments in this area. Investments in gene therapy research, along with the growing demand for cell and gene therapies, as well as personalised medications, are the primary drivers of the gene transfer technologies market's expansion. Additionally, the growing applications of cancer immunotherapy and vaccine development in the industry are anticipated to propel market acceptance in the coming years.
List of Prominent Players in the Gene Transfer Technologies Market:
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Merck KgaA
• Qiagen
• Sartorius AG
• Bio-Rad Laboratories Inc.
• Revvity
• Agilent Technologies, Inc.
• Genscript
• Bio-Techne
• Lonza
• Takara Bio, Inc.
• Promega Corporation
• Oxford Biomedica plc
• MaxCyte
• Others
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Market Dynamics:
Drivers-
Advances in genetic research and biotechnology have significantly enhanced the accuracy and effectiveness of gene transfer technologies, thereby increasing their potential for therapeutic applications and driving the market for these technologies. The need for efficient gene therapies has increased due to the rising incidence of chronic illnesses and genetic disorders, as well as the growing demand for personalised medicine. Additionally, the market's capacities have increased, and innovation has been stimulated by rising investment in research and development from both the public and private sectors. New technologies are being developed and commercialised more quickly due to strategic alliances among biotech companies, universities, and healthcare providers.
Challenges:
Numerous hereditary illnesses are being treated with gene therapy. The high expense of these treatments prevents patients from signing up for gene therapy-related medical services. Typically, patients have difficulties due to the high cost of therapy development and production. Additionally, the high cost of production and research activities has an impact on industry investments. Particularly in publicly financed healthcare systems, the high cost of medicines strains healthcare budgets. The sustainability of financing such costly treatments over the long run may make governments and healthcare institutions reluctant to commit significant funds to gene transfer technologies.
Regional Trends:
The North American gene transfer technologies market is anticipated to register a major market share in terms of revenue. Growing demand for gene transfer technologies in the region is accompanied by a significant rise in ongoing clinical trials evaluating the effectiveness of gene therapies for treating uncommon diseases, cancer, genetic mutations, and hereditary conditions in the United States. Additionally, the majority of businesses involved in the sale of gene transfer goods and accessories have improved clinical infrastructure, which has increased the possibility of growth in the gene transfer technologies sector. Besides, over the projection period, Asia Pacific is expected to increase at the fastest rate. Growing investment and research funding from the biotechnology and pharmaceutical industries to advance the healthcare sector is likely to drive the region's market expansion. Furthermore, expanding research and development into innovative medicines and heightened collaboration between local biotech companies and global enterprises are driving demand and quickening market growth.
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Recent Development:
• September 2024: Cytiva expanded the GenVox-ILM product line to expedite the production of mRNA and siRNA vaccines with the introduction of the RNA delivery LNP kit, which is intended for use with the NanoAssembl Ignite and Ignite+ systems.
• June 2024: Following Syncona's successful merger of Freeline and SwanBio, the merged business is now known as Spur Therapeutics. Additionally, Syncona has pledged USD 50 million to support the new business's gene therapy research.
• March 2024: Sartorius expanded its plasmid inventory to accommodate a range of AAV serotypes by introducing RPLUS, AAV-RC2, a Bercar plasmid for adeno-associated virus vector 2 (AAV2) manufacturing.
Segmentation of Gene Transfer Technologies Market-
Gene Transfer Technologies Market-By Product
• Reagents, kits, and assays
• Consumables
• Instruments
• Others
Gene Transfer Technologies Market-By Mode
• Viral vectors
o Retroviruses
o Adenoviruses
o Adeno-associated viruses
o Others
• Non-viral vectors
o Chemical methods
o Liposome-mediated
o Calcium phosphate
o DEAE-dextran
o Cationic polymers
o Others
• Physical methods
o Electroporation
o Microinjection
o Gene guns
o Other physical methods
Gene Transfer Technologies Market-By Method-
• In vivo
• Ex vivo
• In vitro
Gene Transfer Technologies Market-By Application
• Therapeutic Applications
o Gene Therapy
o Cell Therapy
o Vaccines
o Others
• Research Applications
o Drug Discovery & Development
o Infectious Diseases
o Genetic & Neurological Disorders
o Autoimmune Diseases
o Others
• Other Applications
Gene Transfer Technologies Market-By End-User
• Pharmaceutical & biotechnology companies
• Academic & research institutes
• Others
Gene Transfer Technologies Market-By Region
North America-
• The US
• Canada
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/gene-transfer-technologies-market/3034
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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