Gene therapies have emerged as a promising treatment approach to address various diseases such as cancer, and certain inherited disorders with a single curative dosage. Although they are poised to ensure cost savings in the long run, their high initial expenses and uncertainties regarding their prolonged efficacy are an existing challenge for market players.
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Government agencies including, the Food and Drug Administration (FDA), and the European Medicines Agency (EMA), have approved the usage of drug – Kymriah, and Yescarta – to treat elapsed/refractory B-cell Acute Lymphoblastic Leukemia (ALL), and diffuse large B-cell lymphoma (DLBCL). However, the market uptake of both these gene therapy products have been below par.
Despite the ongoing issues, the worldwide revenue of gene therapy market will surpass US$ 5 Bn by 2026, exhibiting a stellar growth rate. At-scale investments in the field of gene-related R&D, and increasing number of late-stage gene therapy candidates in oncology and other genetic disorders are likely to oil the growth engine.
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Gene Therapy Market Segmentation
The Fact.MR study scrutinizes the global gene therapy market on the basis of product, application and key regions.
| Product | Application | Region |
| Yescarta | Ophthalmology | The US |
| Kymriah | Oncology | Europe |
| Luxturna | Adenosine Deaminase?Deficient Severe Combined Immunodeficiency (ADA-SCID) | Rest of World |
| Strimvelis | ||
| Gendicine |
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Gene Therapy Market: Analysis on Market Size Evaluation
The report analyzes gene therapy market for every market segment, in terms of value (US$ Mn). A Y-o-Y growth of key gene therapy market segments, along with assessment of lucrative opportunities has been included in the report. Further, the absolute dollar opportunity analysis of each segment adds value to the report.
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Absolute dollar opportunity is essential in examining the scale of opportunity that a manufacturer/distributor can seek to achieve long-term returns along with recognizing potential growth avenues, taking into account sales and distribution viewpoint in the global gene therapy market.
Gene Therapy Market: Inspected Assessment on Regional Segments
The gene therapy market study elaborates important sections that have aided to provide forecast for all the regional markets. These chapters consist of the regional macros (political, economic, and business environment projection), which are anticipated to have a measurable impact on the growth curve of gene therapy market during the forecast period.
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The report also deduces value creation on regional as well as country level on demand for gene therapy, along with the growth projection, price index, and impact assessment in each region and country. In addition to this, for every regional market, Y-o-Y growth evaluations have also been added in the report.
Gene Therapy Market: In-Depth Analysis on Competitive Landscape
The report puts emphasis on the prominent players of gene therapy market in tandem with their detailed backgrounds. Critical and updated information associated with the market participants -primarily engaged in the development of gene therapy – has been collected with the help of an in-depth dashboard view. Market share evaluation and comparison of key players covered in the report enables the readers to implement proactive decisions in boosting their revenue pool.
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Company profiles included in the report includes requisites including, product footprint, and vital growth tactics along with thorough SWOT analysis on every market player. Company foothold is sized up and elaborated through the matrix for each leading player, which aids in carefully presenting market status, and foreseeing the degree of competition in gene therapy market.
Key players with strong market presence in global gene therapy market are, but not limited to, Novartis AG, Gilead Sciences Inc., Spark Therapeutics Inc., Sibiono GeneTech Co. Ltd., Spark Therapeutics, Inc., CELGENE CORPORATION, and Orchard Therapeutics Limited, among others.
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