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Report Highlight and Description According to the latest report by IMARC Group, titled "Gene Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global gene therapy market size reached US$ 5.1 Billion in 2023. Gene therapy refers to an advanced medical technique that involves modifying the genes inside the cells of the patient's body to treat or prevent the progression of the disease. It works by replacing a defective gene with a new, normal and healthy gene in a cell to cure the disease or improve the body's ability to fight it. It is also used to treat numerous chronic and genetic disorders in human beings that have no other cures. Nowadays, manufacturers are offering a wide variety of gene therapy products, including plasmid deoxyribonucleic acid (DNA), human gene-editing technology, patient-derived cellular gene therapy, viral vectors, and bacterial vectors, which is currently escalating their demand across the globe. Request for a PDF sample of this report: https://www.imarcgroup.com/gene-therapy-market/requestsample
Report Description Global Gene Therapy Market Trends : The rising prevalence of genetic and acquired diseases, such as cancer, diabetes, cardiovascular diseases (CVDs), cystic fibrosis, and acquired immunodeficiency syndrome (AIDS), represents the primary factor driving the market growth. Besides this, the expanding geriatric population that is more susceptible to developing such chronic health conditions has catalyzed the product demand. Additionally, there has been a significant increase in government support and funding for gene therapy research. Along with this, the growing awareness regarding the benefits of gene therapy and easy accessibility to healthcare facilities have accelerated the product adoption rate. Furthermore, several key players are engaging in research and development (R&D) activities and making heavy investments toward product innovations to gain a competitive edge. Moreover, the introduction of new gene therapy that provides a safer and non-addictive alternative to opioids in treating various chronic pain conditions, such as lower back pain and rare neuropathic pain disorders, has propelled the market growth. Other factors, including the increasing approvals of gene therapy products, favorable reimbursement policies, improving healthcare infrastructure, rising consumer healthcare expenditure, and technological advancements, are also providing a positive impact on the market growth. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2032, growing at a CAGR of 13.9% during 2024-2032. View Report TOC, Figures and Tables : https://www.imarcgroup.com/gene-therapy-market
Report Segmentation Breakup by Application: Oncological Disorders Rare Diseases Cardiovascular Diseases Neurological Disorders Infectious Disease Others Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa
Competitive Landscape with Key Players Abeona Therapeutics Inc. Adaptimmune Therapeutics plc Adverum Biotechnologies Inc. Amgen Inc. Astellas Pharma Inc. Biogen Inc. Bluebird Bio Inc. Mustang Bio Inc. (Fortress Biotech Inc.) Novartis AG Orchard Therapeutics plc UniQure N.V. Voyager Therapeutics Inc.
Key Questions Answered in the Report
Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Gene Therapy Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Gene Type 6.1 Antigen 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Cytokine 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Tumor Suppressor 6.3.1 Market Trends 6.3.2 Market Forecast