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Gene Therapy Market 2020-2026 is Booming at a Highest CAGR || Leading Players – ALLERGAN, Krystal Biotech, Inc., Amicus Therapeutics, Inc., Sarepta Therapeutics, Novartis AG, MeiraGTx Limited

In Gene Therapy Market report, a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The statistical and numerical data that has been included in this market report is represented with the tables, graphs and charts which eases the understanding of facts and figures. A proficient data and excellent forecasting techniques used in this report are synonymous with accurateness and correctness. Gene Therapy Market report is a painstaking analysis of existing scenario of the market which covers several market dynamics. The market study of this global Gene Therapy Market business report takes into consideration market attractiveness analysis where each segment is benchmarked based on its market size, growth rate & general attractiveness.

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Market Analysis: Global Gene Therapy Market

Global gene therapy market is rising gradually with a healthy CAGR of 36.1% in the forecast period of 2019-2026. Increasing incidence of cancer and rare life threatening diseases and strong clinical pipeline drugs for gene therapy are major drivers for market growth.

Key Market Players:

Few of the major competitors currently working in the global gene therapy market are Pfizer Inc., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, Spark Therapeutics, Inc., bluebird bio, Inc., ALLERGAN, Krystal Biotech, Inc., Amicus Therapeutics, Inc., Sarepta Therapeutics, Novartis AG, MeiraGTx Limited, Rocket Pharmaceuticals, Lonza, Biogen, Gilead Sciences, Inc., REGENXBIO Inc., uniQure N.V., Solid Biosciences Inc., Audentes Therapeutics among others.

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Market Definition: Global Gene Therapy Market

Gene therapy is a technique of insertion of genes into cells and tissues for treatment of any disease. In this technique the defective gene is replaced with a functional gene. It is the strategy of manipulation of expression of specific genes responsible for the disease. This therapy is a promising treatment option for a number of diseases. The application of gene therapy is wide and it is mostly used for treatment of cancer, cystic fibrosis, heart disease, diabetes, AIDS among others.

Gene Therapy Market Drivers

  • Prevailing rate of cancer acts as a market driver in the forecast period
  • Competition among the leading pharmaceutical companies in the approval of gene therapy products is another factor boosting this market growth
  • Increasing investment of private and government organization in research and development of gene therapy drives the market growth
  • Increasing awareness about gene therapy and its applications is another factor boosting this market growth

Gene Therapy Market Restraints

  • High cost associated with the treatment restricts the market growth
  • Side effects like unwanted immune responses also hampers the market growth
  •  Concerns regarding the unethical use of gene therapy also hamper the market growth

Segmentation: Global Gene Therapy Market

Gene Therapy Market : By Type

  • Somatic Gene Therapy
  • Germline Gene Therapy
  • Others

Gene Therapy Market : By Gene Type

  • Antigen
  • Cytokine
  • Suicide
  • Others

Gene Therapy Market : By Viral Vector

  • Retroviruses
  • Herpes Simplex Virus
  • Adenoviruses
  • Others

Gene Therapy Market : By Non-Viral Vector

  • Naked/Plasmid Vectors
  • Electroporation
  • Others

Gene Therapy Market : By Application

  • Oncology
  • Rare Diseases
  • Infectious Disease
  • Others

Gene Therapy Market : By End Users

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

Gene Therapy Market : By Distribution Channels

  • Hospital Pharmacy
  • Online Pharmacy
  • Retail Pharmacy
  • Others

Gene Therapy Market : By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Key Developments in the Market:

  • In May 2019, AveXis, Inc., a subsidiary of Novartis AG announced establishment of a gene therapy access program for Zolgensma (onasemnogene abeparvovec-xioi) which is used for treatment of pediatric patients with spinal muscular atrophy (SMA) with bi-allelic mutations. AveXis, Inc. is dealing with payers on agreements to create novel pay-over-time options is planning to provide high support to the patients needing zolgensma for SMA
  • In March 2019, Thermo Fisher Scientific Inc. announced the acquisition of Brammer Bio for taking up the market of viral vector manufacturing services for gene therapy. This acquisition  proves that the growing market catches up with the demand for life-changing therapeutics in order to meet the unmet medical needs. This acquisition contributes in the fast-evolving gene therapy market

Reasons to Purchase this Report :

  • Current and future of global gene therapy market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

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