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Cancer Gene Therapy Market Research Report 2013-2023

Cancer Gene Therapy Market Research Report 2013-2023 | Gene Therapy Is Leading The Way In The Fight Against Cancer
Rahul Gautam | 27.07.2018
Cancer Gene Therapy Market © Rahul Gautam
The global cancer gene therapy market is expected to attain lucrative growth in the forecast period mainly due to rise in funding for R&D activities for cancer gene therapy, increasing prevalence of cancer, and rapid technological advancements being witnessed in the market. Gene therapy is used for the treatment of cancer, where a functional gene is inserted into the cells of a patient to correct a genetic abnormality and provide new function to the cells.

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The cancer gene therapy market is segmented on the basis of various therapies used for treatment and end user. Gene induced immunotherapy, oncolytic virotherapy, and gene transfer are the different therapies used for the treatment of cancer. Gene transfer therapies holds the largest share in the global market and the category is also expected to witness fastest growth in demand during the forecast period. The key end users in the cancer gene therapy market include hospitals, oncology institutes, biotechnological companies and clinical research laboratories.

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Cancer Gene Therapy Market Segmentation

By Therapy

• Gene induced immunotherapy
o Delivery of cytokines gene
o Delivery of tumor antigen gene
• Oncolytic Virotherapy
o Adenovirus
o Lentivirus
o Retro virus
o Adeno associated virus
o Herpes simplex virus
o Alpha virus
o Vaccinia virus
o Simian virus
o Others
• Gene Transfer
o Naked/plasmid vectors
o Electroporation
o Sonoporation
o Magnetofection
o Gene gun

By End-User

• Hospitals
• Oncology institutes
• Biotechnological companies
• Clinical research laboratories

North America is expected to lead the global cancer gene therapy market throughout the forecast period (2018–2023) followed by the Europe. This is mainly due to strong healthcare infrastructure and high expenditure in R&D in North America. The healthcare industry in the region is undergoing major transformation following the implementation of various healthcare reforms.

Asia-Pacific (APAC) is expected to grow at the fastest CAGR during the forecast period. The region has been observing increased government initiatives, growing economies and improved healthcare infrastructure. Increasing focus on the development of healthcare infrastructure in the developing countries of the region is expected to provide ample growth opportunities for the market players. These opportunities are largely attributed to increasing disposable income of the population residing in the emerging markets, which is further increasing the affordability for advanced treatment options among the patients suffering from diseases such as cancer, thereby boosting the growth of cancer gene therapy market in the region.

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Some of the key players operating in the cancer gene therapy industry include Genelux Corporation, Cell Genesys, Advantagene Inc., GenVec, Inc., BioCanCell Ltd., Adaptimmune Therapeutics plc, Bluebird bio, Inc., and Achieve Life Sciences, Inc.