The global Cell and Gene Therapy Market is expected to reach USD 6,570.0 Million by 2027. The sanction of cell and gene therapy focused on early chimeric antigen receptor T-cell immunotherapy has provided lucrative opportunities for drug approvals for extended indications. In the near past, T-cell therapies clinical trials witnessed exponential growth, and constant advances in chimeric antigen receptor T cell therapy are considered as the significant drivers for the growth of the market. One of the fastest-growing markets of the regenerative medicine industry is the global cell and gene therapy industry. In the forecast period, the demand is projected to grow at a faster rate, due to the growing incidence of many chronic diseases such as obesity, complications connected with cartilage, burns, diabetic foot ulcer, genetic abnormalities, and other unusual diseases worldwide.
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The new report titled ‘Global Cell and Gene Therapy Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Cell and Gene Therapy market outlook over the forecast duration (2021-2027). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.
Some of the key participants in this industry include:
Spark Therapeutics LLC, Novartis AG, Gilead Sciences Inc., Bluebird Bio, GlaxoSmithKline, Celgene Corporation, Shire PLC, Sangamo Biosciences, Voyager Therapeutics, and Dimension Therapeutics, among others.
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Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Emergen Research has segmented the global Cell and Gene Therapy Market on the basis of indication, vector type, and region:
- Indication Outlook (Revenue, USD Billion; 2017-2027)
- Acute Lymphoblastic Leukemia (ALL)
- Inherited Retinal Disease
- Large B-Cell Lymphoma
- ADA-SCID
- Others
- Vector Outlook (Revenue, USD Billion; 2017-2027)
- Lentivirus
- AAV
- Retrovirus Gammaretrovirus
- Modified Herpes Simplex Virus
- Adenovirus
- Non-Viral Plasmid Vector
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The growing prevalence of cancer and diabetes in the global population is significantly driving the market demand. The therapy available has a substantial unmet need and is filled with cell and gene therapies. The demand is rising as support from numerous public and private sources become more available. Additionally, there is growing support for product clearance from regulatory bodies. Several governments build information within the public about cell and gene therapies.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Cell and Gene Therapy market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Cell and Gene Therapy in the near future?
- What is the regulatory framework governing the application of Cell and Gene Therapy in the food industry?
- Which manufacturing processes are utilized for the production of Cell and Gene Therapy?
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