Global Cancer Gene Therapy Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

The global cancer gene therapy market held USD 822.2 million in 2020 and will register to grow at a CAGR of 26.4% during the forecast period.The current available treatments such as radiation and chemotherapy have several side effects including nausea, mild cognitive impairments, and mouth ulcerations. Therefore, new and innovative options for the treatment methods are required to reduce the suffering of cancer patients and death. Recently, many researchers and scientists have developed methods including immunotherapy for hematological cancers to isolate, replicate, and develop cancer-destroying cells from the patient’s blood cancer and injecting those cells back for the removal of their cancers. The treatment of cancer by using gene therapy involves replacing abnormal or defective genes where therapeutic DNA is being introduced into the gene of the patient. This therapy is remaining popular due to the strong success rate during the preclinical and clinical trial and recently several industry players have been focused on developing these therapies and its vectors. The number of cancer cases is expected to grow by 70% over the coming two decades, which will stimulate the introduction of new gene therapies, stated by world health organisation (WHO). The huge funding and beneficial schemes favouring cancer screening programs by the government are expected to produce immense avenues for the global market.
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Market Dynamics and Factors:
Rapid geriatric population, growing prevalence of cancer, rise in funding for R&D activities and growth in pipeline of cancer gene therapy products are the major drivers for the growth of the global cancer gene therapy market. Improvement of regulatory portfolio and favourable government regulations are some of the other positive factors will fuel the growth of market during analysis timeframe. However, the high cost of treatment and unwanted immune responses are responsible to restrain the market growth. Additionally, the presences of major players in the market coupled with availability of products are also boosting the growth of market during the next coming years. On the contrary, the technological advancements leading to better adoption rate and untapped markets in developing economies is creating immense opportunities for the market growth during forecast timeframe. However, on-going global efforts aimed at reducing the cost of treatment and increasing availability of superior quality cancer gene therapy are considered to be the challenge for market in the near future.
Market Segmentation:
Global Cancer Gene Therapy Market – By Therapy
Gene Induced Immunotherapy
Oncolytic Virotherapy
Gene Transfer
Global Cancer Gene Therapy Market – By Gene Transfer
Naked Plasmid Vector
Electroporation
Sonoportion
Magnetofection
Gene Gun
Global Cancer Gene Therapy Market – By End-User
Hospitals
Diagnosis Centers
Research Institutes
Global Cancer Gene Therapy Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America was expected to largest share in the growth of the global cancer gene therapy market, due to increase in funding for research & development (R&D) and other government initiatives in the region. Additionally, rising demand for DNA vaccines as well as increasing interest of venture capitalists to investment in commercialization of gene-based cancer therapies in this region which propel the market growth. Furthermore, Asia pacific is anticipated to fastest growing regional market, owing to the recent launch of Gendicine and rising healthcare expenditure with strong R&D facilities. Europe holds the significant growth rate in the global market attributed to increasing health care infrastructure and technological advancements during the forecast time frame. Latin America and the Middle East & Africa region are projected to moderate growth of the market in these regions during forecast period. In addition, the region is expected to high demand of this phototherapy during the upcoming years, owing to increase in awareness initiatives created by healthcare organizations.
Competitive Scenario:
The key players of global cancer gene therapy markets are Adaptimmune, ZioPharm Oncology Altor Bioscience, GlaxoSmithKline, Bluebird bio, Inc., Merck, Celgene, Shanghai Sunway Biotech Company limited, BioCancell, Shenzhen SiBiono GeneTech, SynerGene Therapeutics, and OncoGenex Pharmaceuticals.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Cancer Gene Therapy industry, although key threats, opportunities and disruptive technologies that could shape the Global Cancer Gene Therapy Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Cancer Gene Therapy Market most.
The data analysis present in the Global Cancer Gene Therapy Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Cancer Gene Therapy Market business.
The 2021 Annual Global Cancer Gene Therapy Market offers:
100+ charts exploring and analysing the Global Cancer Gene Therapy Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Cancer Gene Therapy Market type
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