Gene Therapy Products Market Size, Business Revenue Forecast

Posted by peeterdbmr on May 19th, 2021

Global gene therapy products market is set to witness a substantial CAGR in the forecast period of 2020- 2026. Gene therapy or human gene therapy is a process which is used to modify gene for the treatment of any disease. Plasmid DNA, bacterial vector, human gene editing technology and viral vectors are some of the most common type of gene therapy products. The main aim of the gene therapy is to replace the dysfunctional genes. Somatic and germline are some of the most common type of the gene therapy.

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Key Market Competitors:

Few of the major competitors currently working in the global gene therapy products market are Adaptimmune., Anchiano Therapeutics, bluebird bio, Inc., CELGENE CORPORATION,  GlaxoSmithKline plc., Merck KGaA, Novartis AG, Achieve Life Sciences, Inc., Spark Therapeutics, Inc., Abeona Therapeutics, Inc, Adverum, agtc, Arbutus Biopharma, Audentes Therapeutics, AveXis, Inc., CRISPR Therapeutics, Intellia Therapeutics, Inc and Gilead Sciences,Inc. among others.

Segmentation: Global Gene Therapy Products Market

•          By Product (Yescarta, Kymriah, Luxturna, Strimvelis, Gendicine)
•          By Application (Oncological Disorders, Rare Diseases, Cardiovascular Diseases, Neurological Disorders, Infectious diseases, Other Diseases)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Global Gene Therapy Products Market

Global gene therapy products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gene therapy products market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

•          Increasing investment on R&D activities of gene therapy is driving the growth of this market
•          Rising awareness among population about gene therapy is driving the market growth
•          Increasing cases of cancer worldwide is another factor driving the market growth.

Market Restraints

•          High price of the gene therapy is restraining the growth of this market
•          Increasing unrequired immune responses is another factor restraining the market growth market.