Gene Therapy Market Set To Grow At A Cagr Of 40.8% In The First Half Of The Forecast Period
14 August 2018
Visiongain’ has launched a new pharma report Gene Therapy R&D and Revenue Market Report : Cancer, Cardiovascular, Rare Diseases, Ophthalmologic, Other Diseases
The gene therapy market is still establishing itself and many opportunities are available to explore at the moment. One opportunity in this market is for smaller biotechnology companies, which because of their size and infrastructure may be able to develop an orphan drug quicker than a Big Pharma company can. Another opportunity in the gene therapy market is the development of novel technologies such as CRISPR (clustered regularly interspaced short palindromic repeats). Gene therapy has seen many advances in recent years, such as improvement in viral vector delivery for safe and efficacious gene delivery and expression.
The lead analyst of the report commented “The growth of the overall gene therapy market will be driven by the immense pipeline of gene therapies in development. Many gene therapies in development target orphan diseases with high unmet need, this pipeline includes therapies that cover a wide range of indications for the cancer, cardiovascular, ophthalmologic, rare diseases, musculoskeletal, neurodegenerative and metabolic disease submarkets among others.
Clinical trials so far have demonstrated favourable results in a broad range of indications with treatments predicted to launch in the next few years for the cardiovascular disease, rare disease, and cancer submarkets.”
Leading companies featured in the report include UniQure, Biogen, Bluebird Bio, Spark Therapeutics, Applied Genetics Technologies Corporation, Oxford Biomedica, GenSight Biologics and other leading companies currently developing gene therapies
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