The latest research report by Emergen Research, named ‘Global Cell and Gene Therapy Market - Forecast to 2027’, involves a thorough analysis of the current and projected developments in the worldwide cell and gene therapy industry. The study compiles useful data on the most well-known market participants, sales and distribution channels, regional spectrum, anticipated market share and size, and revenue projections for the anticipated year.
The market demand is being significantly fueled by the rising rates of diabetes and cancer in the world's population. Cell and gene therapy makes up the majority of the treatment options, which have a significant unmet demand. As assistance from multiple public and private sources becomes more accessible, demand is increasing. Additionally, regulatory agencies are beginning to encourage product approval more and more. Several countries work to increase public awareness of cell and gene therapies.
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Key participants include Spark Therapeutics LLC, Novartis AG, Gilead Sciences Inc., Bluebird Bio, GlaxoSmithKline, Celgene Corporation, Shire PLC, Sangamo Biosciences, Voyager Therapeutics, and Dimension Therapeutics, among others.
The report closely studies the growth trajectory of the global Cell and Gene Therapy market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Some Key Highlights from the Report
- By indication, large b-cell lymphoma contributed to a larger market share in 2019. Large B-cell lymphoma is a highly prevalent form of non-Hodgkin lymphoma cancer in grownups. The gene therapy employs cells from the immune system of the patients to develop a custom-made treatment to combat cancer.
- By vector type, retrovirus and gammaretrovirus dominated the market with a size of USD 390.6 million in 2019. The primary benefits of retroviral vectors are the ability to alter the RNA genome to a DNA genome that steadily incorporates into the target cell. Thus the retroviral vectors may find usage in a permanent modification of the genome of the host cell nucleus genome.
- North America held the largest share of the market in 2019. The gene therapy market in the US is the main market for gene therapy-related clinical trials, with about 60 percent of all clinical trials globally being performed in the region.
To learn more details about the Global Cell and Gene Therapy Market report, visit @ https://www.emergenresearch.com/industry-report/cell-and-gene-therapy-market
One of the fastest-growing markets of the regenerative medicine industry is the global cell and gene therapy industry. In the forecast period, the demand is projected to grow at a faster rate, due to the growing incidence of many chronic diseases such as obesity, complications connected with cartilage, burns, diabetic foot ulcer, genetic abnormalities, and other unusual diseases worldwide.
Emergen Research has segmented the global Cell and Gene Therapy Market on the basis of indication, vector type, and region:
Indication Outlook (Revenue, USD Billion; 2017-2027)
- Acute Lymphoblastic Leukemia (ALL)
- Inherited Retinal Disease
- Large B-Cell Lymphoma
- ADA-SCID
- Others
Vector Outlook (Revenue, USD Billion; 2017-2027)
- Lentivirus
- AAV
- Retrovirus & Gammaretrovirus
- Modified Herpes Simplex Virus
- Adenovirus
- Non-Viral Plasmid Vector
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