The global gene therapy market is likely to grow at an impressive CAGR over the forecast period, owing to recent technological advancements in gene replacement procedures. According to a report by Fortune Business Insights, titled ‘Gene Therapy: Global Market Analysis, Insights and Forecast, 2018 – 2025’ the market is likely to expand at a high rate due to increasing adoption of gene therapy in several countries across the world.
Highlights of the Report:
- In-depth analysis of various insights, namely, Gene Therapy Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Gene Therapy Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/gene-therapy-market-100243
Key Players Operating in The Gene Therapy Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Pfizer Inc.
- Novartis AG
- Bayer AG
- GlaxoSmithKline plc.
- Amgen Inc.
- Boehringer Ingelheim International GmbH
- uniQure N.V.
- bluebird bio, Inc.
- Celgene Corporation
Introduction of New Tools in Gene Therapy to Drive the Market
Regenerative medicine is an emerging area of research and development, with research analysts expressing their intent of emphasizing on developments in gene therapy. As gene therapies involve infusion of new genes into cells for regeneration of tissues, tools used for these therapies need to be precise and of high calibre. Thus, the focus of existing companies is gradually shifting towards the development of novel and more advanced tools. This offers growth opportunities for existing as well as new players in the market.
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Availability of Few Gene Therapy Products Creates Opportunities for Entry of New Players
Currently, there are very few gene therapy products that have been approved by the FDA. As gene therapy process involves very high risk and the margin for error in gene therapies is minimal to almost zero, the efficiency of gene therapies need to be high. Companies are finding it too hard to get adhere to the standards set by the FDA. Never mind this, end users can be certain about the efficiency of the approved gene therapy process and products as these therapies have already gone through various clinical trials and have met the standards set by FDA and other compliances. Having said that, there is an increasing opportunity for market entrants to achieve rapid growth in this area, due to lesser competition and a high scope for expansion. Many companies are in the latter stage of clinical trials and it is expected that these companies will get full commercialization in the forecast period. Either way, these factors are bound to have a positive impact on the global gene therapy market in the forecast period.
Key Segmentation of Gene Therapy Market:
By Disease Indication
- Genetic disorders
- Cardiovascular diseases
- Neurological conditions
By Type of Vectors
- Viral vectors
- Non-viral vectors
By Type of Cells
- Somatic cells
- Germline cells
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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