The global gene therapy market size was valued at USD 3.61 billion in 2019 and is projected to reach USD 35.67 billion by 2027, exhibiting a CAGR of 33.6% during the forecast period.
The Gene Therapy Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Gene Therapy Market by region.
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Worldwide, there is an increasing prevalence of rare genetic disorders among the population. According to the National Organization for Rare Diseases (NORD), the estimated incidence of spinal muscular atrophy is 1 in 10,000 live births in the U.S annually. Technological advancements in the field have facilitated the treatment of such diseases that were previously deemed untreatable. On the other hand, cancer is one of the most prevalent diseases globally. According to the recent estimates by the World Health Organization (WHO) and Globocan, the total five-year prevalence of cancer is around 43 million globally. Such gene therapies help prevent certain types of cancer among patients who are highly predisposed to acquiring the disorder through genetic mutation passed down from the previous generation.
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Pre-Post COVID-19 Impact on Global Gene Therapy Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Gene Therapy Market, since end-user industries were still not operating at their full capacity.
Who are the Major Gene Therapy Market Vendors?
- Novartis AG
- Spark Therapeutics, Inc.
- Gilead Sciences, Inc
- Amgen, Inc.
- Jazz Pharmaceuticals, Inc.
- Sarepta Therapeutics
- GlaxoSmithKline plc
- Other Prominent Players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Gene Therapy Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
- How big is the Gene Therapy Market?
- What is Gene Therapy Market?
- Who is the market leader in Gene Therapy Market?
- Who are the major players in Gene Therapy Market?
- What is the future of Gene Therapy Market?
- What are the fastest growing industries?
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