US & Global Gene Therapy Market– Opportunities, Challenges, Strategies & Forecasts 2024

This article provides an overview about the Human Gene Therapy market (Oncology, Cardiovascular, Infectious Diseases, Neurological) – Industry Analysis & Forecast to 2024, there by offering insights on key present growth indicators and forecast indicators such as drivers, restrains, opportunities and trends that are involved in shaping the market.

Market Research Future Publish a New Report on – “US & Global Gene Therapy Market Information & Analysis (Market Data, Size, and Growth) forecast to 2024”

Executive Summery

Genes, carried on chromosomes, are the basic physical and functional units of heredity. Notably, gene therapy is the treatment of a disease by replacing, altering, or supplementing a gene that is absent or abnormal, and whose absence or abnormality is causing the disease.

Gene therapy is turning out to be an attractive market for the companies and investors. Furthermore, the market is incessantly gaining popularity amongst the global medical community. The advent of advanced technique for gene transfer has enabled the usage of gene therapy for various new applications. The majority of the gene therapy products are in pre-clinical or clinical research. Till date, there are only four marketed drugs namely, Glybera, Neovasculogen, Gendicine, Rexin-G, and Oncorine. However, these products constitute very less revenue to the gene therapy market. The major revenue of the gene therapy market is generated from the products used in the clinical trials.

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Global US & Global Gene Therapy Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • Sibiono GeneTech Co. Ltd.,
  • Shanghai Sunway Biotech Co. Ltd,
  • Human Stem Cells Institute,
  • UniQure N.V,
  • Spark Therapeutics, LLC,
  • Advantagene Inc,
  • Bluebird Bio,
  • Oxford BioMedica Plc,
  • Vical Inc

Market Growth Influencer

Human gene therapy is a high growth market. The growth of the market is majorly driven by the unavailability of cure for various chronic diseases especially cancer. The medical community is striving to development a proper treatment for cancer through gene therapy. Furthermore, the market is witnessing a precipitous rise in the venture capitalist investments. For instance, recently, Philadelphia based Gene Therapy Company, Spark Therapeutics, raised US$ 72.8 Million from Sofinnova Ventures to launch a gene therapy for genetic form of blindness. Moreover, there is also an increasing incidences of chronic diseases across the globe which is another factor propelling the market growth.

However, stringent regulatory approval process for gene therapy and the high cost of the gene therapy drugs are expected to hinder the growth of the market.  The cost of gene therapy is approximately 1 million. Moreover, the reimbursement scenario of gene therapy is also not well defined due to which people refrain from opting for this therapy.

Human Gene Therapy Market: Segmentation

For this study, the human gene therapy market is segmented into various segments such as commercialized therapies, product type, indication, and region.

On the basis of Commercialized Therapies, the market is segmented into

  • Glybera
  • Neovasculogen
  • Gendicine
  • Rexin-G
  • Oncorine

On the basis of Product Type, the market is subdivided into

  • Instruments
  • Reagents,
  • Vectors
  • Adenovirus
  • Retrovirus
  • Plasmid DNA
  • Others

On the basis of Indication, the market is categorized into

  • Oncology
  • Cardiovascular Diseases
  • Infectious Diseases
  • Neurological Disorder
  • Genetic Diseases
  • Others

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Market Research Future introduces about the Human Gene Therapy market (Oncology, Cardiovascular, Infectious Diseases, Neurological) – Global Industry Analysis & Forecast to 2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics, and competitive landscape along with company profiles.

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