Data Bridge Market Research analyses that the Gene Therapy Products Market will exhibit a CAGR of around 22.15% for the forecast period of 2021-2028.
Increasing prevalence of cancer and other life threatening diseases globally, rising expenditure for research and development proficiencies for the development of gene therapy products and increasing public and private expenditure for the development of healthcare infrastructure especially in emerging economies are the major factors attributable to the growth of gene therapy products market. This means that the market value which was USD 3,033.34 million in 2020 will rocket up to USD 15,034.84 million by 2028.
Genes are composed of DNA. DNAs are responsible for disintegrating the information to synthesise proteins in the human body. Therefore, gene therapy is a technique in which DNA is introduced into the patients to treat genetic disorders and this is where gene therapy products come into play. In other words, gene therapy products are utilized to replace the dysfunctional genes. Apart from cancer, the gene therapy products are utilized to treat cystic fibrosis, heart disease, diabetes, AIDS among others.
Upsurge in the in the technological advancements in the field of gene therapy is one of the major factors inducing growth in the gene therapy products market value. Rising research and development activities will further generate lucrative and remunerative growth opportunities for the gene therapy products market. Growing awareness among consumers regarding gene therapy especially in the developing economies will also act as an important gene therapy products market growth determinant. Competition among the leading pharmaceutical companies for the approval of gene therapy products will also propel growth in the gene therapy products market value.
However, high capital investment required for research and development activities will also create hindrances. High costs associated with gene therapy treatment will further challenge the market growth rate. Increasing unrequired immune responses will also derail the gene therapy products market growth rate.
This gene therapy products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on gene therapy products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Gene Therapy Products Market Scope and Market Size
The gene therapy products market is segmented on the basis of product, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of product, the global gene therapy products market is segmented into
On the basis of application, the gene therapy products market is segmented into
- Oncological disorders,
- Rare diseases,
- cardiovascular diseases,
- Neurological disorders,
- infectious diseases
- Other diseases.
On the basis of distribution channel, the gene therapy products market is segmented into
- Hospital pharmacy,
- Online pharmacy,
- Retail pharmacy
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Gene Therapy Products Market Country Level Analysis
The gene therapy products market is analysed and market size insights and trends are provided by country, product, and application and distribution channel as referenced above.
The countries covered in the Gene Therapy Products Market report are
- Rest of South America
- Rest of Europe
- South Korea
- Australia and New Zealand
- Rest of Asia-Pacific
- United Arab Emirate
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa.
Competitive Landscape and Gene Therapy Products Market Share Analysis
The gene therapy products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gene therapy products market.
The major players covered in the gene therapy products market report are
- CELGENE CORPORATION,
- GlaxoSmithKline plc,
- Merck KGaA,
- Novartis AG,
- Illumina, Inc.,
- Thermo Fisher Scientific Inc.,
- F. Hoffmann-La Roche Ltd,
- Adaptimmune Therapeutics plc,
- bluebird bio, Inc.,
- Achieve Life Sciences, Inc.,
- AbbVie Inc.,
- Spark Therapeutics, Inc.,
- Abeona Therapeutics Inc.,
- Adverum Biotechnologies, Inc.,
- Arbutus Biopharma,
- Amgen Inc.,
- Audentes Therapeutics and Gilead Sciences, Inc.
- among other
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Gene Therapy Products Market by Product & Procedure type
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