Gene Therapy Market Size, Share, Trends, Growth Factors, and Regional Outlook To 2032

 The Gene Therapy Market is projected to grow from USD 10.8 billion in 2024 to USD 43.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.87% during the forecast period (2024 - 2032). 

Gene therapy, a ground-breaking field in the realm of medicine, is rapidly transforming the landscape of healthcare. It involves the introduction, alteration, or replacement of genetic material within an individual's cells to treat or prevent diseases. This innovative approach holds immense promise, offering potential cures for previously incurable genetic disorders and chronic conditions.

The gene therapy market is witnessing unprecedented growth, fueled by advancements in molecular biology, genetic engineering, and biotechnology. One of the key driving forces behind this growth is the convergence of gene therapy with cell therapy, creating a powerful synergy that enhances treatment efficacy across a spectrum of diseases.

Cell therapy, a pivotal component of the gene therapy landscape, involves the transplantation of living cells into a patient's body for therapeutic purposes. Stem cells, in particular, play a crucial role in regenerative medicine, offering the potential to repair damaged tissues and organs. The integration of cell therapy with gene therapy amplifies the therapeutic impact by addressing both genetic and cellular aspects of diseases. This combined approach holds tremendous potential for treating conditions such as cancer, neurodegenerative disorders, and autoimmune diseases.

Major Key Players:

Some of the Gene Therapy Companies are Amgen, Inc. (US), Novartis AG (Switzerland), Spark Therapeutics, Inc. (US), Gilead Sciences, Inc. (US), uniQure N.V. (Netherlands), Orchard Therapeutics plc (UK), Celgene Corporation (US), Bristol-Myers Squibb Company (US), Thermo Fisher Scientific Inc. (US), CEVEC (Germany), and Lonza (Switzerland).

Segment Analysis

The global gene therapy market has been segmented based on product, indication, and end user.

The market, based on product, has been divided into kymriah, luxturna, yescarta, zolgensma, strimvelis, zynteglo, imlygic, and others.

The global gene therapy market has on the basis of indication is segmented, into oncology, genetic diseases/ disorders, and others. The oncology segment is expected to hold the largest market share and to be the fastest-growing segment due to high prevalence of cancer and robust pipeline for cancer gene therapy.

The end-user segments of the market are hospitals & clinics, specialty treatment centers, and others. The hospitals & clinics segment is expected to hold the largest market share due to increasing number of hospitals. Also, hospitals are generally the first treatment choice for diseases.

Regional Analysis

The global gene therapy market is studied across four major regions: Asia-Pacific, Europe, the Americas, the Middle East, and Africa.

According to the MRFR reports, the American regional gene therapy market is likely to dominate globally over the review timeframe. The regional market's growth is driven by the rising per capita medical care consumption and the expanding pervasiveness of quality treatment. The regional market is further divided into Latin America and North America.

The European regional market will likely register substantial growth over the review timeframe. The region is further divided into Eastern Europe and Western Europe. The well-established medical infrastructure is driving the regional market's growth.

The Asia-Pacific region is projected to grow at the highest pace over the coming years. The bringing issues are driving the regional market's growth to light about the treatment strategies and growing number of patients.

Given the lack of skilled professionals and poor health infrastructure, the gene therapy market for the Middle East & African region is likely to record the CAGR over the assessment timeframe.

Browse Related Reports:

Arachnoid Cysts Market

Central Pontine Myelinolysis Market

Suture Needles  Market

Americas Blood Glucose Monitoring Market

For More Information, Please Visit @ Market Research Future

Comments

Post a Comment

Popular posts from this blog

Exploring Intimacy: The Russian Sexual Wellness Market Unveiled

  In recent years, discussions around sexual wellness have become increasingly prominent worldwide. As societal attitudes evolve, so do consumer behaviors and preferences. From traditional remedies to modern innovations, various countries are witnessing significant shifts in their sexual wellness markets. Let's delve into the landscapes of Russia, India, China, and the United States of America to understand the dynamics shaping their respective markets. Russian Sexual Wellness Market: Embracing Modernization Russia sexual wellness market  reflects a blend of traditional practices and contemporary trends. With a growing emphasis on health and well-being, Russians are increasingly open to exploring diverse products and solutions for sexual wellness. The market has witnessed a surge in the availability of contraceptives, lubricants, and intimate care products. Moreover, Russia's evolving regulatory landscape has paved the way for a wider range of offerings, including products cat...
Read more

Skin Tightening Market Players, Trends, Opportunities and Forecast to 2032

Skin Tightening Market According to International Society of Aesthetic Plastic Surgery (ISAPS), in 2016, estimated the total procedure for skin tightening performed worldwide are 511,481 out of which Japan held the highest number of procedures followed by the US.  The factors that propel the growth of the market are growing geriatric population, increasing advancement in medical technology and the emerging medical aesthetic market. The Skin Tightening Market is projected to grow from USD 1.13 Billion in 2023 to USD 3.3 billion by 2032, at a CAGR of 18.2% during the forecast. However, the radiation emitted from skin tightening equipment involve high health-related risk and the stringent government regulations for aesthetic in healthcare is hampering the growth of the skin tightening market.   In the current scenario, several players are dominating the global skin tightening market. The market leaders in skin tightening treatment are involved in merger and acquisi...
Read more

Oligonucleotide Synthesis Market Trends, Innovations, and Growth Opportunities in the Biotechnology Landscape

  The Oligonucleotide Synthesis Market Size is projected to grow from USD 12.38 Billion in 2024 to USD 44.32 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.23% during the forecast period (2024 - 2032). The Oligonucleotide Synthesis market has witnessed significant growth in recent years, driven by the increasing demand for custom oligo synthesis and the expanding applications of oligonucleotides in research, diagnostics, and therapeutics. Oligonucleotides, particularly RNA oligonucleotides, play a crucial role in various biological and molecular processes, making them essential tools in the fields of genomics, proteomics, and synthetic biology. Oligonucleotide synthesis involves the chemical synthesis of short DNA or RNA sequences, commonly known as oligos. These oligos are crucial in various molecular biology applications, including polymerase chain reaction (PCR), DNA sequencing, gene synthesis , and antisense therapy. The market for oligonucleotide ...
Read more