Gene Delivery Technologies - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Gene Delivery Technologies Market is accounted for $2.60 billion in 2020 and is expected to reach $9.19 billion by 2028 growing at a CAGR of 17.1% during the forecast period. Advantages like briefness and nontoxicity nature, technological advancements in viral vectors, growing pipeline of advanced therapies, are the factors driving the market growth. However, several clinical challenges associated with viral systems have spurred the usage of chemical methods which may restrain the growth of the market.
Gene delivery is the process of introducing foreign gene delivery, such as DNA or RNA, into host cells, the technologies used to implement the gene delivery are gene delivery technologies. Gene delivery technology is widely applied for various diseases treatment caused from bacterial infections, exterior chemical toxins, viral invasions, malignant tumours and endogenous genetic defects. The advent of cell and gene therapies played a major role in reshaping the entire pharmaceutical ecosystem by transforming the treatment of genetic and intractable diseases.
Based on the application, the gene therapy segment is going to have lucrative growth during the forecast period due to the growing acceptance of gene-based therapies and the consequent increase in the number of clinical research initiatives have fuelled the revenue generation in this segment. Increasing acceptance of gene therapy products worldwide has also accelerated the segment growth.
By geography, North America is going to have high growth during the forecast period due to the substantial number of clinical trials are underway to assess the efficacy and safety of gene therapies as a viable treatment for incurable diseases such as cancer, genetic disorders, HIV in the U.S., Many innovative projects covering viral vector-based gene therapy trials for rare conditions are being introduced in North America. These factors increase the demand of the North America region in the market for gene delivery technologies.
Some of the key players profiled in the Gene Delivery Technologies Market include Bio-Rad Laboratories, Inc., Catalent Inc., OriGene Technologies, Inc., Oxford Biomedica, Promega Corporation, QIAGEN, SignaGen Laboratories, Sirion-Biotech GmbH, System Biosciences llc, Takara Bio Inc., Thermo Fisher Scientific, Inc., Vectalys and Horizon Discovery Group Plc.
• In Vitro
• Gene Therapy
• Cell Therapy
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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