Cancer Gene Therapy Market Projected To Garner Significant Revenues By 2023
Posted by sanjayhande on November 20th, 2019
High prevalence of incidence of cancer, surge in geriatric population, and increase in funding from governmental and non-governmental organizations for R&D drive the growth of the global cancer gene therapy market. However, high cost for gene therapy and adverse effects such as immune response hamper the market growth. On the contrary, increase in the adoption rate due to technological advancements and high growth potential in the untapped markets in the developing countries such as India and China would create lucrative opportunities in the coming years.
Allied Market Research recently published a report, titled, "Cancer Gene Therapy Market by Therapy (Gene Induced Immunotherapy, Oncolytic Virotherapy, and Gene Transfer): Global Opportunity Analysis and Industry Forecast, 2017-2023." The report offers an in-depth analysis of the market dynamics, top winning strategies, key market segments, top investment pockets, and competitive landscape. According to the report, the global cancer gene therapy market was valued at 9 million and is expected to reach $ 2,082 million by 2023, registering a CAGR of 32.4% through 2023.
Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/2605
Gene transfer segment to manifest fastest growth
North America to retain largest market share through 2023
In 2017, North America accounted for the largest market share, contributing more than half of the total revenue, owing to increase in the number of viral infection cases and high prevalence of cancer and other inherited disorders in the region. However, Asia-Pacific region is expected to manifest the fastest CAGR of 38.4% through 2023, on account of several government initiatives to improve the healthcare infrastructure in developing economies. The other regions analyzed in the report include Europe and Latin America, Middle East and Africa (LAMEA).
The key market players operating in the global cancer gene therapy market include:
Obtain Report Details: https://www.alliedmarketresearch.com/cancer-gene-therapy-market
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About the Authorsanjayhande
Joined: October 17th, 2019
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