Gene Therapy Market Rapid Technological Advancements to Boost Market Growth
Published: 2024-02-13 08:52:22

Astute Analytica recently introduced a new market research report titled "Global Gene Therapy Market," offering a comprehensive analysis of the worldwide market, emphasizing significant growth drivers and opportunities. The study delves into emerging trends and their potential impact on current and future market developments.

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**Analysis and Growth Projection for the Global Gene Therapy Market**:

The Global Gene Therapy Market accounted for close to US$ 3.44 billion by 2022 and is forecast to see growth at a compounded rate close to 24% over the period 2023-2030. The market growth is attributed to the increasing number of companies venturing into the market. Supporting the ongoing growth, the US FDA is estimating to receive more than 200 new applications to begin cell and gene therapy every year and approving 10-20 therapies every year by 2025.

Gene therapy is characterized as the treatment of diseases that arise due to the transfer of hereditary material into cells. It is widely used to treat various medical indications such as cancer, neurological disorder, hepatological diseases, dystrophy, and several other indications. Gene therapy is majorly determined by the potential displayed by the usage of CAR T-Cell which has acquired considerable heed from various business and non-business sponsors. This aided the market to flourish via the pharmaceutical industry’s pipeline.

The research illuminate’s industry-specific challenges faced by major companies and the overall Gene Therapy market, providing valuable insights to assist market players in making informed investment decisions. Market analysts have employed various market segmentations to unravel the market's structure for key players.

**Key Competitors in the Market**:

Neurophth Therapeutics, Inc. partners with AAVnerGene Inc., in January 20, 2021 which gives Neurophth the global rights to select adeno-associated virus (AAV) capsids for ophthalmic gene therapy. The rationale behind this strategic partnership can be capsid libraries created by AAVnerGene's proprietary technology.
In June 2019, Biogen has acquired Nightstar Therapeutics, a company focused on adeno-associated virus (AAV) treatments for inherited retinal disorders. This acquisition helped Biogen to enhance its presence in the market.
Zolgensma, developed by Novartis AG has received the US Food and Drug Administration (FDA) approval in May, 2019. This has been approved for the treatment of spinal muscular atrophy (SMA) with mutations in the SMN1 gene. It has gained approval to be given to patients less than 2 years of age.
Amgen collaborated with the University of Texas MD Anderson Cancer Center in June 2018 to elevate the early-stage treatments for leukemia, multiple myeloma, many small cell cancers, and other oncology therapies. The collaboration will emphasize on Amgen’s BiTE, CAR-T cell, and small molecule programs.
The report explores aspects such as market size, Compound Annual Growth Rate (CAGR), consumption, and production. Furthermore, experts provide insights into potential regions and countries that are likely to contribute significantly to the market's expansion.

By examining the market through segments, the study enhances comprehension, including growth potential and contribution to the overall size of the Gene Therapy market. Our market analysts have meticulously segmented the market, evaluating the growth potential of each segment.

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The segmentation research in the report offers a deep understanding of the market's potential within various segments, enabling market participants to focus on high-growth segments and formulate effective business strategies to gain a competitive edge.

**Segmentation Overview**:

**By Indication**

Cancer
Cardiovascular Diseases
Hepatological Diseases
Infectious Disease
Neurological Disorders
Oncological Disorders
Rare Diseases
Others Diseases and Disorders

**By Vector Type**

Viral
Adenovirus
Adeno-associated Virus
Herpes Simplex Virus
Lentivirus
Poxvirus
Retrovirus
Vaccinia Virus
Others
Non-viral
Electroporation
Gene Gun
Naked Plasmid Vector
Lipofection
Others

**By Gene Type**

Antigen
Cytokine
Deficiency
Growth Factors
Receptors
Suicide Gene
Tumour Suppressor
Others

**By Method of Delivery**

Ex-vivo
In-vivo

Geographical analysis serves as a valuable tool for competitors to identify untapped sales and business expansion opportunities in different regions and countries.

The report meticulously considers every regional and national market, analyzing factors such as market share, future growth potential, CAGR, market size, and other crucial elements. This detailed analysis aids market participants in strategic decision-making processes.

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Conclusion

In summary, Astute Analytica's research report provides a detailed analysis of the global Gene Therapy market. It equips industry participants with valuable insights into market dynamics, competitive strategies, regional variations, and segmentation trends. This information empowers stakeholders to make informed decisions and adapt to the evolving landscape of the market.

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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