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Gene Therapy Market by Vector Type, and Applications - Global Opportunity Analysis and Industry Forecast, 2017-2023 - ResearchAndMarkets.com

June 11, 2018

DUBLIN--(BUSINESS WIRE)--Jun 11, 2018--The “Gene Therapy Market by Vector Type, and Applications - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.

The global gene therapy market was valued at $584 million in 2016, and is estimated to reach $4,402 million by 2023, registering a CAGR of 33.3% from 2017 to 2023

Gene therapy is a technique that involves the delivery of nucleic acid polymers into a patients cells as a drug to treat diseases. It fixes a genetic problem at its source. The process involves modifying the protein either to change the genetic expression or to correct a mutation. The emergence of this technology meets the rise in needs for better diagnostics and targeted therapy tools.

For instance, genetic engineering can be used to modify physical appearance, metabolism, physical capabilities, and mental abilities such as memory and intelligence. In addition, it is also used for infertility treatment. Gene therapy offers a ray of hope for patients, who either have no treatment options or show no benefits with drugs currently available. The ongoing success has strongly supported upcoming researches and has carved ways for enhancement of gene therapy.

The gene therapy market is a widely expanding field in the pharmaceutical industry with new opportunities. This has piqued the interests of venture capitalists to explore this market and its commercial potential. Major factors that drive the growth of this market include high demands for DNA vaccines to treat genetic diseases, targeted drug delivery, and high incidence of genetic disorders. However, the stringent regulatory approval process for gene therapy and the high costs of gene therapy drugs are expected to hinder the growth of the market.

Market dynamics

Drivers

High investment for R&D activities pertaining to gene therapy Increase in prevalence of cancer Growth in awareness regarding gene therapy

Restraints

High cost associated with gene therapies Unwanted immune responses

Opportunity

Untapped potential for emerging markets

KEY MARKET SEGMENTS

By Vector Type

Viral vector Retroviruses Lentiviruses Adenoviruses Adeno Associated Virus Herpes Simplex Virus Poxvirus Vaccinia Virus Others Non-viral vector Naked/Plasmid Vectors Gene Gun Electroporation Lipofection Others

By Gene Type

Antigen Cytokine Tumor Suppressor Suicide Deficiency Growth factors Receptors Others

By Application

Oncological Disorders Rare Diseases Cardiovascular Diseases Neurological Disorders Infectious disease Other Diseases

KEY PLAYERS PROFILED

Novartis Kite Pharma, Inc. GlaxoSmithKline PLC Spark Therapeutics Inc. Bluebird bio Inc. Genethon Transgene SA Applied Genetic Technologies Corporation Oxford BioMedica NewLink Genetics Corp.

For more information about this report visit https://www.researchandmarkets.com/research/gknz9f/gene_therapy?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180611005435/en/

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Related Topics:Genomics

KEYWORD:

INDUSTRY KEYWORD: HEALTH GENETICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/11/2018 05:10 AM/DISC: 06/11/2018 05:10 AM

http://www.businesswire.com/news/home/20180611005435/en

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