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Cancer Gene Therapy Market to Grow at 10.1% through 2032, Amid High Adoption in Breast Cancer Treatment - Future Market Insights, Inc.

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Future Market Insights

27 Jun, 2022, 15:00 GMT

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The North America cancer gene therapy market is expected to dominate over the next five years, with China emerging as a lucrative pocket accounting for 32.3% of East Asia's share during that time period.

NEWARK, Del., June 27, 2022 /PRNewswire/ -- As per Future Market Insights' latest revised industry analysis, the global cancer gene therapy market is projected to expand at a 10.1% CAGR over the forecast period, with the market size reaching US$ 5.3 Bn in 2032.   

Gene therapy is a field of medicine that aims to cure or greatly improve the treatment of diseases that have few or no treatment options. Advanced-stage cancer and hematological illnesses make up a large share of gene therapy candidates. In addition to this, gene therapy is frequently used to treat rare or inherited diseases.

While gene therapy research is still in its early stages, firms are increasingly investing in the technology. A handful of products have recently received approval outside of Canada or are in the final stages of clinical trials.

Request a Sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14971 

Gene therapy is currently extremely expensive. Multi-stakeholder discussions about pricing and reimbursement management for these goods are required. To provide accessibility and quality of care, specialized manufacturing facilities, care centers, and doctors skilled to undertake specific procedures for such therapies are required.

The growth in the cancer gene therapy market is reliant on increasing awareness about health, the growing incidence of cancer, and the latest advancements in cancer gene therapy.

"Rising awareness regarding cancer gene therapy across emerging economies, along with favorable healthcare reimbursement plans in various countries will create opportunities for growth in the market over the forecast period," says an FMI analyst.

Key Takeaways:

  • Based on therapy, the oncolytic virotherapy segment accounted for about 49.3% of the total market share in 2021.
  • In terms of indication, sales in the breast cancer segment are forecast to grow at a CAGR of 9.7% in the forecast period.
  • By service provider, demand in the hospitals segment will grow at a 9.3% CAGR through 2032.
  • The U.S. will dominate the North America cancer gene therapy market over the forecast period.
  • China will emerge as a lucrative pocket, accounting for 32.3% of the East Asia cancer gene therapy market share over the assessment period.
  • Demand in Germany is expected to increase at a 11.9% CAGR over the assessment period.

Request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-14971 

Competition Landscape

Acquisitions, partnerships, geographical recognition, and product launches are the key strategies adopted by leading players to increase the consumer base. For instance:

  • In March 2022, Novartis and Carisma Therapeutics agreed to collaborate on the development of HER 2 targeted CAR-M cell therapy.
  • A2 Biotherapeutics and Merck announced a collaboration in December 2020 to develop allogeneic cell therapy for solid tumor cancers.

Leading Companies Profiled in Cancer Gene Therapy Market are

  • Merck KGaA
  • Novartis AG
  • AstraZeneca Plc.
  • BIOCAD
  • Crinetics Pharmaceuticals, Inc.
  • EffRx Pharmaceuticals S.A.
  • Euroscreen S.A.
  • Vicore Pharma AB
  • Amgen
  • Bristol-Myers Squibb
  • Cell Genesys Inc.
  • Adaptimmune Therapeutics plc.
  • Achieve Life Science Inc.
  • BioCanCell Ltd.
  • Genelux Corporation
  • Advantagene Inc.,
  • GenVec Inc.
  • GlaxoSmithKline PLC
  • Amgen Inc.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14971

Key Market Segments Covered in Cancer Gene Therapy Industry Research

By Therapy:

  • Gene Induced Immunotherapy
  • Oncolytic Virotherapy
  • Gene Transfer
  • Others

By Indication:

  • Breast Cancer
  • Ovarian Cancer
  • Liver Cancer
  • Pancreatic Cancer
  • Lung Cancer
  • Prostate Cancer

By Service Provider:

  • Hospitals
  • Clinical Research Laboratory
  • Oncology institutes

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa (MEA)

Ask For Regional Data @ https://www.futuremarketinsights.com/ask-regional/rep-gb-14971 

Want More Insights

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global cancer gene therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the cancer gene therapy market segment based on therapy – (gene induced immunotherapy, oncolytic virotherapy, gene transfer, and others), by indication (breast cancer, ovarian cancer, liver cancer, pancreatic cancer, lung cancer, and prostate cancer), by service provider (hospitals, clinical research laboratory, and oncology institutes), across seven major regions.

Explore wide-ranging Coverage of FMI's Healthcare Market Insights Landscape

Osteoarthritis Gene Therapy Market Size - The osteoarthritis gene therapy market is expected to grow at a CAGR of 8.7%. The demand outlook is anticipated to develop steadfast during the forecast period

Retinal Gene Therapy Market Share - Retinal gene therapy is projected to grow at an enormous rate. Retina is a desirable target for gene therapy, it is growing because of it being an irreplaceable part of human body

Rare Disease Gene Therapy Market Demand - Diseases that impact only small percentage of population are known as rare diseases. Rare disease generally occurs at younger age and are genetic, hence present throughout patient's life

Intubation Tube Market – Global sales of the Intubation Tube Market in 2021 were held at US$ 2.2 Bn in 2021. The estimated market growth between 2022 and 2032, at 6.8%, is expected to be higher than historical growth.

3D Printed Surgical Models Market – Global sales of 3d printed surgical models market in 2021 was held at us$ 347 mn. With 18.7%, the projected market growth during 2022 - 2032

Legionnaire Disease Testing Market – The legionnaire disease testing market is projected to register a CAGR of 9% during the forecast period, up from US$ 292 Mn in 2022 to reach a valuation of US$ 819.5 Mn by 2032.

Injectable Drugs Market – The global injectable drugs market is expected to reach US$ 531.8 Bn in 2022. Sales in the market will increase at a CAGR of 5.8%, reaching US$ 937.0 Bn by 2032.

Artificial Pancreas Device System Market – During the forecast period, the artificial pancreas device system market is expected to advance at a rapid pace with a CAGR of 18.2%.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

Contact:

Future Market Insights, Inc 
Christiana Corporate, 
200 Continental Drive, 
Suite 401, Newark, 
Delaware - 19713, USA 
T: +1-845-579-5705 
For Sales Enquiries: sales@futuremarketinsights.com 
Website: https://www.futuremarketinsights.com 
Report:  https://www.futuremarketinsights.com/reports/cancer-gene-therapy-market
Explore all the latest Reports: https://www.futuremarketinsights.com/reports 
LinkedIn| Twitter| Blogs

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

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