Global Gene Therapy Market Size was USD 589 million in 2016, and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 21.33% during the forecast period, i.e. 2017-2025.

Global Gene Therapy Market Growth Opportunities (Revenue, Growth) By 2017-2025

Gene therapy is an experimental technique that uses genes for treating various chronic diseases. This technique has allowed the doctors for treating various disorders, by using gene therapy instead of using surgery and drugs. Despite of being a promising technique, gene therapy has one of the costly treatments and under study.

Market Dynamics

Gene therapy market to grow at a faster pace during the forecast period.  The continuous increasing in the number of clinical trials for the development of new drugs would majorly support the growth of this market. For instance, according to the study conducted by clinical trial institution there are approximately 132 clinical trials which are in phase III, and this number is expected to increase year by year. The increasing number of clinical trials is majorly supported by the increasing funds for R&D by the government to support the gene therapy market growth. In addition, the increasing number of collaborations between the government and research institutes to also influence the market growth.

Furthermore, increased company’s interest in developing new drugs, faster approval policy by FDA, and rising prevalence of chronic diseases across the globe to positively affect the market growth. However, high cost of these drugs and limited awareness about their use would impede the growth of this market.

Segment Analysis 

Based on the vector type, the gene therapy market is segmented as viral vectors and non-viral vectors. Viral vectors to be the major growth contributing segment during the forecast period. While, non-viral vector segment to be the fastest growing segment in the coming years.

On the basis of application, the gene therapy market is segmented as oncological disorders, cardiovascular diseases, rare diseases, infectious disease, neurological disorders, and other diseases. Oncological disorders to be the fastest growing segment owning to the rising prevalence of cancer across the globe. While, cardiovascular diseases are considered to be the fastest growing segment during the forecast period.

Regional Analysis

North America to hold the largest market share in this industry, owning to the rising prevalence of cardiovascular disorders, and cancer within this region. North America’s gene therapy market is also driven by the continuous technology development, and increasing key players initiatives for new product development.

Global Gene Therapy Market Size, Share Analysis By Region 2017

Asia Pacific is supposed to be the fastest growing region, owning to the increasing research by the developing countries like China, and Japan during the forecast period. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Gene Therapy Market Study Objective

1. To forecast the market size of gene therapy market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of gene therapy market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of gene therapy market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of gene therapy market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the gene therapy market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of gene therapy market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of gene therapy market commercially.

Key Players

Major players operating in global gene therapy market include Novartis AG, Spark Therapeutics Inc., Kite Pharma Inc., Celgene, Bluebird Bio, GlaxoSmithKline Plc, and Amgen Inc. 

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