Gene Therapy Market is estimated to reach $4,402 million by 2023

1. Global Gene Therapy Market - Global Opportunity Analysis and Industry Forecast, 2017-2023 The Global Gene Therapy Market is estimated at $ 584 million in 2016 and is expected to reach $ 442 million by 2023, with a CAGR of 33.3% from 2017 to 2023. North America is the largest contributor to the 2016 gene therapy market. However, the Asia Pacific region is expected to have the highest growth rate during the forecast period. Gene therapy is a promising therapy that can be applied to a wide range of diseases. Their goal is to fundamentally cure the cause of the disease instead of relieving the symptoms. They can be effective in a wide range of previously untreated diseases such as hematology, eye, neurodegenerative diseases and multiple cancers. For example, an adeno-associated AAV2 vector injected with the therapeutic gene (RPE65) into the retina enhanced the eyesight of people with Lebers congenital Amaurosis. Gene therapy may be applied in combination with cell products or in an ex vivo treatment mode (e.g., Streemberg) or directly in vitro (e.g.,

2. Glybera). Several vectors offer clinically relevant options including adenovirus (AV), adeno- associated virus (AAV) and lentivirus. Increased funding for research and development activities related to gene therapy and increased awareness of gene therapy are key drivers of market growth. In addition, increased government support, increased ethical acceptance of gene therapy for cancer treatment, and increased cancer spread can drive growth in the gene therapy market. However, high costs associated with treatment and unwanted immune responses are expected to hamper market growth. Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2841 The key companies profiled in the report include Novartis Kite Pharma Inc. GlaxoSmithKline PLC Spark Therapeutics Inc. Bluebird bio Inc. Genethon Transgene SA Applied Genetic Technologies Corporation Oxford BioMedica NewLink Genetics Corp. Other prominent players in the value chain include Amgen, Epeius Biotechnologies, Abeona Therapeutics, Sanofi, UniQure, Juno Therapeutics, Adaptimmune, Celgene, and Advantagene. Make an Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2841 Among the vector type, viral vectors contribute to the largest share in 2016, and estimated to retain the same trend during the forecast period. Non-viral vector is anticipated to be a lucrative market due to the technological advancement of these vectors with positive results for these therapies during the preclinical and clinical trials for the treatment of various diseases. Among the gene type, antigen dominates the overall market accounting for two-ninths of the total share in 2016. Among the applications, oncological disorders is the largest contributor towards the market growth.

3. In 2016, North America accounted for maximum contribution to the total revenue generated, owing to the high prevalence rate of cancer, presence of high disposable income, and high funding for R&D activities associated with gene therapy. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, attributable to rise in incidence rate of cancer, increase in government initiative to improve healthcare infrastructure, and rise in healthcare expenditure. Key Findings of the Gene Therapy Market: Non-viral vectors is projected to grow at the highest rate during the analysis period. Oncological disorders segment generated the highest revenue, and is expected to continue its dominance in future. North America dominated global gene therapy market in 2016, and is projected to continue its dominance in future. China is expected to grow highest in the Asia-Pacific region during the forecast period. Antigen was the largest contributor among the gene type segments. Access Full Summery @ https://www.alliedmarketresearch.com/gene-therapy-market About Us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.