The first gene therapy, Gendicine®, was only approved in 2003 in China; since then, the domain has evolved significantly. The ‘Gene Therapy Market (2nd Edition), 2018-2030’ report provides an extensive study on the current market landscape of gene therapies, with a prime focus on gene augmentation based therapies and oncolytic viral therapies, featuring an elaborate discussion on the future potential of this evolving market. Some of the most interesting insights from our study are presented below.
A Mushrooming Area for Researchers, Gene Therapies are Now Ready for Strong Commercial Growth With more than 34,000 patents filed in the last five years, the gene therapy market continues to garner significant interest in the biopharmaceutical industry.
The Promising Development Pipeline Holds Significant Potential Presently, there are 8 commercialized gene therapies and close to 300 clinical / preclinical product candidates under evaluation; AAV vectors appear to be the gene delivery vehicle of choice.
Gene Therapies are Being Evaluated Across a Wide Range of Therapeutic Areas Although oncology continues to be the major area of focus, several candidates are being developed against metabolic, ocular and a variety of other disorders.
The Landscape is a Mix of Small Start-ups / Mid-Sized Companies and Large Enterprises Characterized by the presence of over 60 start-ups and many mid-sized and large-sized firms, the broader landscape is spread across various geographies.
Heavy Investments from Venture Capitalists Validate the Rising Interest The field continues to garner significant attention among venture capital investors; significant support has also come in the form of grants
Vector Manufacturing CMOs are Amongst the Key Stakeholders Driving the Market Forward CMOs offering vector manufacturing services have become indispensable to the development of novel gene therapies and gene delivery tools
The Overall Market is Expected to Witness Rapid Growth in the Near Term Overall, prevalent trends indicate that the market for gene therapies is poised to grow significantly as multiple late stage molecules get commercialized in the near future
In the Long-Term, This Growth Will be Well-Distributed across Multiple Regions and Vector Types In addition to US and EU, several Asian economies are expected to benefit from the anticipated growth
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