Gene therapy market size to grow by USD 4,613.9 million from 2022 to 2027; The increase in special drug designations to drive growth- Technavio
Technavio reports that the global gene therapy market is projected to grow by USD 4,613.9 million from 2022 to 2027, at a CAGR of 19.91%. This growth is fueled by increasing special drug designations such as orphan, fast track, and breakthrough designations by regulatory bodies, enhancing market opportunities. The oncology segment will see significant growth due to the unmet demand for cancer treatments. North America is expected to contribute 39% to the market growth, supported by government funding for gene therapy research. However, high treatment costs, ranging from USD 1 million to 3 million, present a major challenge.
- Projected market growth of USD 4,613.9 million from 2022 to 2027.
- CAGR of 19.91% indicates strong market momentum.
- Increased funding from government and private organizations in North America.
- Significant growth expected in the oncology segment due to unmet treatment needs.
- High treatment costs ranging from USD 1 million to 3 million present a barrier to market growth.
Global Gene Therapy Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on therapy areas (oncology, CNS, ophthalmology, rare diseases, and others), and delivery mode (in vivo and ex vivo).
- The market growth in the oncology segment will be significant during the forecast period. The global oncology drugs market has a huge unmet demand for the treatment of various indications. Also, the increasing prevalence of cancer indications has led pharmaceutical companies and research institutions to conduct extensive research to develop drugs for these indications. The lack of efficacy of small molecules and biomolecules has led companies to move towards effective therapeutic options such as gene therapy. Such factors will increase the segment growth during the forecast period.
Geography Overview
By geography, the global gene therapy market is segmented into
- North America is estimated to contribute
39% to the growth of the global gene therapy market during the forecast period. The US has become a lucrative market for increased investment in the North American gene therapy market. This comes from government agencies such as theNational Institutes of Health (NIH) and theBiomedical Advanced Research and Development Authority (BARDA) providing funding to small industries and companies focused on developing new products. Moreover, increasing funding from government and private organizations will drive the development of gene therapy during the forecast period.
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Global Gene therapy market – Vendor Analysis
Vendor Landscape - The global gene therapy market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer gene therapy in the market are Abeona Therapeutics Inc.,
A few prominent vendors that offer secure access service edge services in the market include:
- Abeona Therapeutics Inc.: The company offers gene therapy solutions such as Phase 3 VIITAL Clinical Trial of EB 101.
Amgen Inc. : The company offers gene therapy solutions such as CAR T cell immunotherapies.- Astellas Pharma Inc.: The company offers gene therapy solutions such as AT132, AT845, AT466.
Biogen Inc. : The company offers gene therapy solutions such as GTxAU.
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- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
Global Gene Therapy Market – Market Dynamics
Key Trends - Growing research in gene therapy for CVDs and orphan diseases is one of the key market trends that is contributing to the market growth. Due to the high prevalence of cardiovascular disease in adult patients over the age of 65, companies are shifting their R&D efforts toward developing gene therapies for these diseases. Coronary artery disease and heart failure require immediate treatment. Companies are therefore working to develop gene therapies that are administered to patients using viral vectors to angiogenic growth factors to promote collateral vessel development. For example, MYDICAR, a gene transfer therapy, is in Phase II development of
Major challenges - High treatment cost is one of the factors hindering the gene therapy market growth. Gene therapy costs range from
Driver, Trend & Challenges are the factor of market dynamics which states about
consequences & sustainability of the businesses, find some insights from a sample
report!
What are the key data covered in this Gene Therapy Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the gene therapy market between 2023 and 2027
- Precise estimation of the gene therapy market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the gene therapy market across
North America ,Europe ,Asia , and Rest of World (ROW) - A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of gene therapy market vendors
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Gene Therapy Market Scope | |
Report Coverage | Details |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of |
Market growth 2023-2027 | |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 16.76 |
Regional analysis | |
Performing market contribution | |
Key countries | US, |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Abeona Therapeutics Inc., |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Therapy Area
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Delivery Mode
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global gene therapy market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global gene therapy market 2017 - 2021 ($ million)
- 4.2 Therapy area Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Therapy area Segment 2017 - 2021 ($ million)
- 4.3 Delivery mode Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Delivery mode Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Therapy Area
- 6.1 Market segments
- Exhibit 30: Chart on Therapy Area - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Therapy Area - Market share 2022-2027 (%)
- 6.2 Comparison by Therapy Area
- Exhibit 32: Chart on Comparison by Therapy Area
- Exhibit 33: Data Table on Comparison by Therapy Area
- 6.3 Oncology - Market size and forecast 2022-2027
- Exhibit 34: Chart on Oncology - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Oncology - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Oncology - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Oncology - Year-over-year growth 2022-2027 (%)
- 6.4 CNS - Market size and forecast 2022-2027
- Exhibit 38: Chart on CNS - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on CNS - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on CNS - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on CNS - Year-over-year growth 2022-2027 (%)
- 6.5 Ophthalmology - Market size and forecast 2022-2027
- Exhibit 42: Chart on Ophthalmology - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Ophthalmology - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Ophthalmology - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Ophthalmology - Year-over-year growth 2022-2027 (%)
- 6.6 Rare diseases - Market size and forecast 2022-2027
- Exhibit 46: Chart on Rare diseases - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Rare diseases - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Rare diseases - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Rare diseases - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Therapy Area
- Exhibit 54: Market opportunity by Therapy Area ($ million)
7 Market Segmentation by Delivery Mode
- 7.1 Market segments
- Exhibit 55: Chart on Delivery Mode - Market share 2022-2027 (%)
- Exhibit 56: Data Table on Delivery Mode - Market share 2022-2027 (%)
- 7.2 Comparison by Delivery Mode
- Exhibit 57: Chart on Comparison by Delivery Mode
- Exhibit 58: Data Table on Comparison by Delivery Mode
- 7.3 In vivo - Market size and forecast 2022-2027
- Exhibit 59: Chart on In vivo - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on In vivo - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on In vivo - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on In vivo - Year-over-year growth 2022-2027 (%)
- 7.4 Ex vivo - Market size and forecast 2022-2027
- Exhibit 63: Chart on Ex vivo - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Ex vivo - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Ex vivo - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Ex vivo - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Delivery Mode
- Exhibit 67: Market opportunity by Delivery Mode ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison
- 9.3
North America - Market size and forecast 2022-2027 - Exhibit 73: Chart on
North America - Market size and forecast 2022-2027 ($ million) - Exhibit 74: Data Table on
North America - Market size and forecast 2022-2027 ($ million) - Exhibit 75: Chart on
North America - Year-over-year growth 2022-2027 (%) - Exhibit 76: Data Table on
North America - Year-over-year growth 2022-2027 (%)
- 9.4
Europe - Market size and forecast 2022-2027 - Exhibit 77: Chart on
Europe - Market size and forecast 2022-2027 ($ million) - Exhibit 78: Data Table on
Europe - Market size and forecast 2022-2027 ($ million) - Exhibit 79: Chart on
Europe - Year-over-year growth 2022-2027 (%) - Exhibit 80: Data Table on
Europe - Year-over-year growth 2022-2027 (%)
- 9.5
Asia - Market size and forecast 2022-2027 - Exhibit 81: Chart on
Asia - Market size and forecast 2022-2027 ($ million) - Exhibit 82: Data Table on
Asia - Market size and forecast 2022-2027 ($ million) - Exhibit 83: Chart on
Asia - Year-over-year growth 2022-2027 (%) - Exhibit 84: Data Table on
Asia - Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
- Exhibit 85: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- 9.7 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.8
UK - Market size and forecast 2022-2027 - Exhibit 93: Chart on
UK - Market size and forecast 2022-2027 ($ million) - Exhibit 94: Data Table on
UK - Market size and forecast 2022-2027 ($ million) - Exhibit 95: Chart on
UK - Year-over-year growth 2022-2027 (%) - Exhibit 96: Data Table on
UK - Year-over-year growth 2022-2027 (%)
- 9.9
China - Market size and forecast 2022-2027 - Exhibit 97: Chart on
China - Market size and forecast 2022-2027 ($ million) - Exhibit 98: Data Table on
China - Market size and forecast 2022-2027 ($ million) - Exhibit 99: Chart on
China - Year-over-year growth 2022-2027 (%) - Exhibit 100: Data Table on
China - Year-over-year growth 2022-2027 (%)
- 9.10
Canada - Market size and forecast 2022-2027 - Exhibit 101: Chart on
Canada - Market size and forecast 2022-2027 ($ million) - Exhibit 102: Data Table on
Canada - Market size and forecast 2022-2027 ($ million) - Exhibit 103: Chart on
Canada - Year-over-year growth 2022-2027 (%) - Exhibit 104: Data Table on
Canada - Year-over-year growth 2022-2027 (%)
- 9.11
Japan - Market size and forecast 2022-2027 - Exhibit 105: Chart on
Japan - Market size and forecast 2022-2027 ($ million) - Exhibit 106: Data Table on
Japan - Market size and forecast 2022-2027 ($ million) - Exhibit 107: Chart on
Japan - Year-over-year growth 2022-2027 (%) - Exhibit 108: Data Table on
Japan - Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 113: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 114: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification
- 12.3 Abeona Therapeutics Inc.
- Exhibit 116: Abeona Therapeutics Inc. - Overview
- Exhibit 117: Abeona Therapeutics Inc. - Product / Service
- Exhibit 118: Abeona Therapeutics Inc. - Key offerings
- 12.4 Amgen Inc.
- Exhibit 119: Amgen Inc. - Overview
- Exhibit 120: Amgen Inc. - Product / Service
- Exhibit 121: Amgen Inc. - Key offerings
- 12.5 Astellas Pharma Inc.
- Exhibit 122: Astellas Pharma Inc. - Overview
- Exhibit 123: Astellas Pharma Inc. - Product / Service
- Exhibit 124: Astellas Pharma Inc. - Key offerings
- 12.6 Biogen Inc.
- Exhibit 125: Biogen Inc. - Overview
- Exhibit 126: Biogen Inc. - Product / Service
- Exhibit 127: Biogen Inc. - Key offerings
- 12.7 bluebird bio Inc.
- Exhibit 128: bluebird bio Inc. - Overview
- Exhibit 129: bluebird bio Inc. - Product / Service
- Exhibit 130: bluebird bio Inc. - Key offerings
- 12.8 ElevateBio
- Exhibit 131: ElevateBio - Overview
- Exhibit 132: ElevateBio - Product / Service
- Exhibit 133: ElevateBio - Key offerings
- 12.9 F. Hoffmann La Roche Ltd.
- Exhibit 134: F.
Hoffmann La Roche Ltd. - Overview - Exhibit 135: F.
Hoffmann La Roche Ltd. - Business segments - Exhibit 136: F.
Hoffmann La Roche Ltd. - Key news - Exhibit 137: F.
Hoffmann La Roche Ltd. - Key offerings - Exhibit 138: F.
Hoffmann La Roche Ltd. - Segment focus
- 12.10 Generation Bio Co.
- Exhibit 139: Generation Bio Co. - Overview
- Exhibit 140: Generation Bio Co. - Product / Service
- Exhibit 141: Generation Bio Co. - Key offerings
- 12.11 Gilead Sciences Inc.
- Exhibit 142: Gilead Sciences Inc. - Overview
- Exhibit 143: Gilead Sciences Inc. - Product / Service
- Exhibit 144: Gilead Sciences Inc. - Key news
- Exhibit 145: Gilead Sciences Inc. - Key offerings
- 12.12 Novartis AG
- Exhibit 146: Novartis AG - Overview
- Exhibit 147: Novartis AG - Business segments
- Exhibit 148: Novartis AG - Key offerings
- Exhibit 149: Novartis AG - Segment focus
- 12.13 Orchard Therapeutics Plc
- Exhibit 150:
Orchard Therapeutics Plc - Overview - Exhibit 151:
Orchard Therapeutics Plc - Product / Service - Exhibit 152:
Orchard Therapeutics Plc - Key offerings
- 12.14 Poseida Therapeutics Inc.
- Exhibit 153: Poseida Therapeutics Inc. - Overview
- Exhibit 154: Poseida Therapeutics Inc. - Product / Service
- Exhibit 155: Poseida Therapeutics Inc. - Key offerings
- 12.15 Sibiono GeneTech Co. Ltd.
- Exhibit 156:
Sibiono GeneTech Co. Ltd. - Overview - Exhibit 157:
Sibiono GeneTech Co. Ltd. - Product / Service - Exhibit 158:
Sibiono GeneTech Co. Ltd. - Key offerings
- 12.16 uniQure NV
- Exhibit 159: uniQure NV - Overview
- Exhibit 160: uniQure NV - Product / Service
- Exhibit 161: uniQure NV - Key offerings
- 12.17 Voyager Therapeutics Inc.
- Exhibit 162: Voyager Therapeutics Inc. - Overview
- Exhibit 163: Voyager Therapeutics Inc. - Product / Service
- Exhibit 164: Voyager Therapeutics Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 165: Inclusions checklist
- Exhibit 166: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 167: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 168: Research methodology
- Exhibit 169: Validation techniques employed for market sizing
- Exhibit 170: Information sources
- 13.5 List of abbreviations
- Exhibit 171: List of abbreviations
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