Gene Therapy Market: size is expected to grow from US$ 4.86 Bn. in 2020 to US$ 27.21 Bn. by 2027, growing at a CAGR of 27.9% through 2021 to 2027. Spinal Muscular Atrophy (SMA) Indication segment leads the Global Gene Therapy Market by 2027.
Gene Therapy Market Overview:
Gene Therapy market was valued at US $4.86 Bn. in 2020, and it is expected to reach US $27.21 Bn. by 2027 with a CAGR of 27.9% during the forecast period. In the last ten years, gene therapy and new treatments based on gene therapy have made significant progress. For certain disorders, clinically effective gene treatments have been produced, and many additional potential medications have been discovered, with this trend especially obvious in the field of haematological diseases. Delivery vectors, gene engineering methods, and application to chimeric antigen receptor (CAR) T cell therapy are only a few of the recent advances in gene therapy and gene therapy-based approaches.
The study covers the Gene Therapy market most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Gene Therapy Market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Gene Therapy Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Key Market Trends & Challenges:
The study analyses the primary adoption trend impacting the Gene Therapy industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Gene Therapy market, this study provides a full analysis of these trends and obstacles.
Market Statistics:
The report provides the market size and share of the Gene Therapy market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Gene Therapy market.
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Gene Therapy Market Segmentation:
Based on the Indication, the market is segmented into Acute Lymphoblastic Leukemia (ALL), Inherited Retinal Disease, Large B-cell Lymphoma, ADA-SCID, Melanoma (lesions), Beta-Thalassemia Major/SCD, Head & Neck Squamous Cell Carcinoma, Peripheral Arterial Disease, Spinal Muscular Atrophy (SMA), and Others. Spinal Muscular Atrophy (SMA) segment held the largest market share of 41% in 2020 and is expected to continue its dominance by 2027. Spinal Muscular Atrophy (SMA) is one of the most prevalent fatal hereditary disorders of childhood. The development of Zolgensma (AVXS-101) as a gene therapy has demonstrated its efficacy in treating SMA and modifying the disease phenotype. The FDA granted Novartis approval for Zolgensma, a drug aimed to treat the underlying cause of SMA, in May 2019. In this segment, Zolgensma is the first and only approved gene treatment.
Gene Therapy Market Key Players:
• REGENXBIO, Inc. • Bayer • Oxford BioMedica plc • Dimension Therapeutics, Inc. • Bristol-Myers Squibb Company • SANOFI • Applied Genetic Technologies Corp • F. Hoffmann-La Roche Ltd. • Bluebird Bio, Inc. • Novartis AG • Taxus Cardium Pharmaceuticals Group, Inc. (Gene Biotherapeutics) • UniQure N.V. • Shire Plc; • Cellectis S.A. • Sangamo Therapeutics, Inc. • Orchard Therapeutics • Gilead Lifesciences, Inc. • Benitec Biopharma Ltd. • Sibiono GeneTech Co., Ltd. • Shanghai Sunway Biotech Co., Ltd • Gensight Biologics S.A. • Transgene • Calimmune, Inc • Epeius Biotechnologies Corp • Astellas Pharma, Inc • American Gene Technologies • BioMarin Pharmaceuticals, Inc. • Human Stem Cell Institute • Spark Therapeutics LLC • GlaxoSmithKline • Voyager Therapeutics
The report examines the top players in the Gene Therapy market in terms of their size, market share, market growth, revenue, production volume, and profitability. The research outlines which growth strategies are being used by key players, including strategic alliances, new product innovation, and so on. It tells you whether you're competing with only industry firms or with competitors who provide alternative solutions. The study helps you understand competitor pricing in the Gene Therapy market so you can examine and build a pricing plan that works for your product. The competitive landscape is a significant feature of the Gene Therapy industry that all key stakeholders in the industry should be aware of.
Gene Therapy Market Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Gene Therapy market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Gene Therapy Market:
The report has identified detailed impact of COVID-19 on Gene Therapy market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Gene Therapy market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Gene Therapy Market Report are:
- Which product segment grabbed the largest share in the Gene Therapy market?
- How is the competitive scenario of the Gene Therapy market?
- Which are the key factors aiding the Gene Therapy market growth?
- Which region holds the maximum share in the Gene Therapy market?
- What will be the CAGR of the Gene Therapy market during the forecast period?
- Which application segment emerged as the leading segment in the Gene Therapy market?
- Which are the prominent players in the Gene Therapy market?
- What key trends are likely to emerge in the Gene Therapy market in the coming years?
- What will be the Gene Therapy market size by 2027?
- Which company held the largest share in the Gene Therapy market?
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