Global Gene Therapy Industry: Types, Applications, Market Players, Regional Growth Analysis, and Future Scenarios (2024 - 2031)
The "Gene Therapy Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Gene Therapy market is expected to grow annually by 7.2% (CAGR 2024 - 2031).
This entire report is of 111 pages.
Gene Therapy Introduction and its Market Analysis
Gene therapy is an innovative medical approach that involves the introduction, alteration, or silencing of genes to treat or prevent disease. The target market for gene therapy includes patients suffering from hereditary disorders, genetic diseases, and certain types of cancer. Major factors driving revenue growth in the gene therapy market include advancements in technology, increased investment in research and development, and a growing demand for personalized medicine. Companies such as Biogen, Novartis, Gilead Sciences, and Sarepta Therapeutics are leading players in the gene therapy market, with strong pipelines and strategic collaborations. The report's main findings highlight the market's rapid growth potential and recommend continued investment in research and development to drive innovation and address unmet medical needs.
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Gene therapy market is divided into two main types: viral gene therapy and non-viral gene therapy. Viral gene therapy uses viruses to deliver genes into the body to treat diseases, while non-viral gene therapy uses alternative methods such as liposomes or nanoparticles. The market is segmented by application, including neurological diseases, cancer, and other genetic disorders.
Regulatory factors play a crucial role in the gene therapy market, with strict guidelines in place to ensure the safety and efficacy of gene therapy treatments. Regulatory agencies like the FDA in the United States and the EMA in Europe closely monitor gene therapy products to ensure they meet stringent standards for approval. Legal factors also play a role in market conditions, with intellectual property laws and patent protections impacting the development and commercialization of gene therapy treatments.
Overall, the gene therapy market is rapidly expanding with advancements in technology and research, offering new hope for patients with genetic disorders and diseases. Regulatory and legal factors will continue to shape the market as it grows and evolves in the coming years.
Top Featured Companies Dominating the Global Gene Therapy Market
The gene therapy market is a rapidly growing industry with numerous companies competing to develop and commercialize innovative gene therapy treatments. Some of the key players in the gene therapy market include Biogen, Novartis, Gilead Sciences, Sarepta Therapeutics, Alnylam Pharmaceuticals, Amgen, Spark Therapeutics, Akcea Therapeutics, bluebird bio, Sunway Biotech, SIBIONO, AnGes, Orchard Therapeutics, and Human Stem Cells Institute.
These companies utilize gene therapy techniques to treat various genetic and acquired diseases, such as cancer, rare genetic disorders, and cardiovascular diseases. They often collaborate with academic institutions and research organizations to advance their gene therapy products through clinical trials and regulatory approvals.
Biogen, known for its focus on neurological disorders, has been investing in gene therapy treatments for spinal muscular atrophy and other genetic diseases. Novartis has developed gene therapies for rare diseases, such as spinal muscular atrophy and beta-thalassemia. Gilead Sciences is also exploring gene therapy for various diseases, including cancer.
Sarepta Therapeutics has focused on developing gene therapies for Duchenne muscular dystrophy and other rare genetic diseases. Alnylam Pharmaceuticals is known for its RNA interference technology to treat genetic disorders. Amgen has entered the gene therapy market through acquisitions and collaborations, particularly in the oncology space.
Sales revenue for some of these companies in the gene therapy market includes Novartis with approximately $ billion in gene therapy sales in 2020 and bluebird bio with around $200 million in gene therapy revenue in the same year. These companies play a critical role in driving the growth of the gene therapy market through their research, development, and commercialization efforts, ultimately bringing new treatment options to patients in need.
- Biogen
- Novartis
- Gilead Sciences
- Sarepta Therapeutics
- Alnylam Pharmaceuticals
- Amgen
- Spark Therapeutics
- Akcea Therapeutics
- bluebird bio
- Sunway Biotech
- SIBIONO
- AnGes
- Orchard Therapeutics
- Human Stem Cells Institute
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Gene Therapy Market Analysis, by Type:
- Viral Gene Therapy
- Non-Viral Gene Therapy
Viral gene therapy involves the use of viruses to deliver therapeutic genes into cells, while non-viral gene therapy uses other methods such as gene editing tools or nanoparticles. Both types of gene therapy have shown promising results in treating genetic disorders and various diseases by correcting faulty genes. The demand for gene therapy is boosted by the potential to provide targeted and personalized treatment options, as well as advancements in biotechnology and genetic research. Viral gene therapy has been particularly successful in several clinical trials, driving increased interest and investment in the gene therapy market.
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Gene Therapy Market Analysis, by Application:
- Neurological Diseases
- Cancer
- Other
Gene therapy is being applied to treat a range of diseases, including neurological diseases such as Parkinson's and Alzheimer's, cancer, and other genetic disorders. In these applications, gene therapy works by introducing new genetic material into cells to replace or modify defective genes, providing therapeutic benefits. The fastest growing application segment in terms of revenue is cancer therapy, where gene therapy is used to target specific cancer-causing genes and boost the immune system's ability to fight off cancer cells. Gene therapy holds great promise in revolutionizing the treatment of various diseases and improving patient outcomes.
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Gene Therapy Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Gene Therapy market is experiencing significant growth across regions. In North America, the United States and Canada are leading the market with advanced healthcare infrastructure. In Europe, Germany, France, the ., and Italy are driving the market growth. In Asia-Pacific, countries like China, Japan, South Korea, and India are witnessing rapid adoption of gene therapy technologies. Latin America, particularly Mexico and Brazil, are also emerging markets for gene therapy. In the Middle East & Africa, countries like Saudi Arabia, UAE, and Turkey are witnessing increasing investment in gene therapy research. North America is expected to dominate the market with a market share of 40%, followed by Europe (25%) and Asia-Pacific (20%). Latin America, and the Middle East & Africa are expected to have a market share of 10% each.
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