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The global cancer gene therapy market size was US$ 1.5 billion in 2021. The global cancer gene therapy market is expected to grow to US$ 3.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
The COVID-19 pandemic posed significant challenges to the growth of the cancer gene therapy market as the demand for cancer disease decreased dramatically. Various healthcare organizations transformed their services to cater to the needs of the COVID-19-affected patients, which, in turn, affected the growth of the cancer gene therapy market. Additionally, the sudden rise in the cases of COVID-19 led to the cancellation in the diagnosis of diseases. However, the market is expected to recover in the coming years as the pandemic highlighted the need to bring advancements in the healthcare facilities. Government and private bodies are investing highly in this sector, which is expected to boost the growth of the cancer gene therapy market during the analysis period.
Factors Influencing the Market
The rising prevalence of cancer due to the growing tobacco use, alcohol consumption, low physical activity, high body mass index (BMI), etc., will primarily drive the growth of the cancer gene therapy market during the analysis period. Further, the industry is expected to record potential growth due to the improving regulatory environment. Various laws related to the production of vectors (products) and post-marketing have been introduced, which eliminates the chances of a single defect. Therefore, the market will expand due to the availability of high-quality products in the coming years.
Growing R&D infrastructure, rapid technology advancement, and rising investments by government bodies will contribute to the growth of the cancer gene therapy market during the analysis period.
Regional Analysis
North America is expected to hold the largest share in cancer gene therapy due to growing R&D aimed at innovating advanced technologies and the well-established healthcare infrastructure of the region.
The Asia-Pacific cancer gene therapy market will also record potential growth due to the growing geriatric population and rising government investments in improving the infrastructure of the healthcare sector.
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Competitors in the Market
• Altor Bioscience Corporation
• SiBiono.
• Shanghai Sunway Biotech Company Limited
• BioCancell
• GlobeImmune, Inc.
• Aduro Biotech
• OncoGeneX
• New Link Genetics.
• ZioPharm Oncology
• Genelux Corporation
• Novartis AG
• GlaxoSmithKline PLC (GSK)
• Amgen, Inc.
• Bristol Myers
• Squibb Company
• Karyopharm Therapeutics, Inc.
• Gilead Sciences, Inc.
• Adaptimmune Limited
• Sarepta Therapeutics, Inc.
• Biogen
• Orchard Therapeutics Plc
• Spark Therapeutics, Inc.
• AGC Biologics
• Anges, Inc.
• Bluebird Bio, Inc.
• Jazz Pharmaceuticals Inc.
• Dynavax Technologies
• Human Stem Cells Institute
• Uniqure N.V.
• Gensight Biologics
• Celgene Corporation
• Cellectis
• Merck KGaA
• AstraZeneca Plc.
• BIOCAD
• Crinetics Pharmaceuticals, Inc.
• EffRx Pharmaceuticals S.A.
• Euroscreen S.A.
• Vicore Pharma AB
• Cell Genesys Inc.
• Achieve Life Science Inc.
• Advantagene Inc.
• GenVec Inc.
• Other Prominent Players
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Market Segmentation
The global cancer gene therapy market segmentation focuses on Therapy, End-Use, and Region.
By Therapy
• Oncolytic Virotherapy
• Gene-induced Immunotherapy
• Gene transfer
By End-Use
• Hospitals
• Research Institutes
• Biopharma Companies
• Diagnostic centers
• Others
By Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
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• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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