The Gene therapy market Growth reached a size of USD 7.35 billion in 2022 and is projected to reach USD 30.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.3% during the forecast period from 2023 to 2030.
Gene therapy, a promising field in medical science, has witnessed significant growth in recent years. With the potential to revolutionize the treatment of various genetic disorders, the market is expected to experience substantial expansion in the coming years.
The increasing prevalence of genetic diseases, coupled with advancements in gene therapy techniques, is driving the market's growth. Additionally, rising investments in research and development activities, along with supportive government initiatives, are further propelling the market forward.
Furthermore, the growing awareness among healthcare professionals and patients about the benefits of gene therapy is contributing to the market's expansion. As more clinical trials and studies demonstrate the efficacy and safety of gene therapy, its adoption is expected to increase significantly.
Geographically, North America currently dominates the gene therapy market, owing to the presence of well-established healthcare infrastructure and a high prevalence of genetic disorders in the region. However, Asia Pacific is anticipated to witness the highest growth rate during the forecast period, driven by increasing investments in healthcare infrastructure and rising awareness about gene therapy.
In conclusion, the gene therapy market is poised for substantial growth in the coming years. With advancements in technology, increasing investments, and growing awareness, gene therapy holds immense potential to transform the treatment landscape for genetic disorders.
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Market Segmentation Analysis
By Vector Type
- Non-Viral Vector
- Viral Vector
By Therapy
- Ex Vivo Therapy
- In Vivo Therapy
By Gene Type
- Antigen
- Growth factors
- Tumor Suppressor
- Cytokine
- Suicide
- Receptors
- Deficiency
- Others
By Application
- Neurological Disorders
- Rare Diseases
- Oncological Disorders
- Other Diseases
Key Players
Some major key players in Gene Therapy Market are REGENXBIO, Inc., Taxus Cardium Pharmaceuticals Group, Inc., Oxford BioMedica plc, Bristol-Myers Squibb Company, Dimension Therapeutics, Inc., Applied Genetic Technologies Corporation, SANOFI, bluebird Bio, Inc. , Novartis AG, F. Hoffmann-La Roche Ltd. and other players.
Group of Industries, Unexo Life Sciences, Polar Products, Rapid Aid, Mueller Sports Medicines, Pic Solution, Bruder Healthcare Company, Brownmed Inc., Medichill, and others.
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter's 5 Forces Model
7.PEST Analysis
8.Gene Therapy Market Segmentation, By Vector Type
9.Gene Therapy Market Segmentation, By Therapy
10.Gene Therapy Segmentation Market, By Gene Type
11.Company Profiles
12 Competitive Landscape
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