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Cancer Gene Therapy Market Future Challenges and Industry Growth Outlook by 2020-2025

Author : Ronak Bora | Published Date : 2020-09-09 

Cancer Gene Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The cancer gene therapy market is projected to garner significant traction on account of notable rise in cancer cases worldwide. With surging mortality rates, cancer is considered as one of the most fatal diseases that requires extensive medical attention. Several researchers and biotech companies are working on developing permanent treatments for cancer, with gene therapy emerging as one of the prominent treatments for this disorder.

 

Researchers are utilizing various technological innovations to develop novel gene therapies for patients. Citing an instance, in 2020, a group of researchers from Harvard Medical School’s Center for Stem Cell Therapeutics and Imaging, University of Tennessee Health Science Centre, and Sunway University completed a study that established the efficiency of molecular gene therapy as a novel approach for cancer treatment. Technological developments like this across the biotechnology sector could further potential innovations and advancements in cancer gene therapy, propelling its market size by over an estimated USD 2.5 billion by 2025.

 

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/763

 

Based on products, cancer gene therapies include viral vectors and non-viral vectors. Viral vectors possess higher safety compared to other vectors and the industry share was estimated at USD 310 million in 2018. These products are highly recommended during gene transfer process for their high transfection efficiency and project the desired antigen in precise conformation while enhancing the immune system.

Cancer gene therapy has applications in various biopharmaceutical companies, research institutes among others. Biopharmaceutical companies contributed to around 48% of the market share in terms of revenues in 2018. Companies like Novartis and Roche are implementing cancer gene therapies and conducting clinical trials that deploy viral and non-viral vectors, boosting the market outlook for the biopharma segment in the next few years. 

 

Regionally, China cancer gene therapy industry size is anticipated to record a CAGR of 26% through 2025. The estimated growth can be attributed to the rising awareness of the existing therapies for treating cancer along with increasing government initiatives and funds to encourage researchers and scientists for carrying out cancer gene therapy.

Researchers in the U.S. are encouraging innovations in treating the currently ongoing COVID-19 pandemic. A computational tool originally used to identify biological targets in neuroblastoma tumors was developed at the Children’s Hospital of Philadelphia (CHOP) by a cancer researcher. The tool has been deployed to identify regions of the SARS-CoV-2 virus that would be prone to newly developed vaccines.

Cancer gene therapy market is witnessing consistent developments and the major participants operating in this market are focused on integrating advanced technologies in therapies, along with collaborating on strategic mergers, acquisitions, and product launches to gain competitive advantages.

For instance, in 2013, Celgene collaborated with bluebird bio to introduce enhancements in gene therapies.

Higher costs of the therapies may impede the cancer gene therapy market expansion slightly. Some of the key global competitors are, Vigene Biosciences, Sirion Biotech, Sarepta Therapeutics, Ziopharm, Cellectis, Cobra, Finvector, Caribou, Uniqure, among others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/cancer-gene-therapy-market

Partial Chapter of the Table of Content 

Chapter 4.  Cancer Gene Therapy Market, By Type

4.1. Key segment trends

4.2. Ex-vivo

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.3. In-vivo

4.3.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 5.  Cancer Gene Therapy Market, By Product

5.1. Key segment trends

5.2. Viral vectors

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.2.  Adenoviruses

5.2.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.3.  Lentiviruses

5.2.3.1.    Market size, by region, 2014 – 2025 (USD Million)

5.2.4.  Retrovirus

5.2.4.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.5.  Adeno associated virus

5.2.5.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.6.  Herpes simplex virus

5.2.6.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.7.  Vaccinia virus

5.2.7.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.8.   Others

5.2.8.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3. Non-viral vectors

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.4. Others

5.4.1.  Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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