Global Cancer Gene Therapy Market is valued at approximately USD 1.68 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.99% over the forecast period 2022-2029. Cancer gene therapy is a new treatment modality that assists in the introduction of new genes into a cancerous cell or the nearby tissue that leads to cell death or slows the growth of cancer. This treatment technique is flexible and a variety of genes and vectors are being utilized in clinical trials that present positive results, which is gaining huge popularity as a novel method for treating human ailments. The flourishing development of the pharmaceutical industry, surging demand for novel cancer therapeutics, and rising government support are the primary factors that are fostering market demand across the globe.
The rising incidences of cancer globally are a key driving factor for market growth. According to National Cancer Institute, in 2018, the number of cancer patients is estimated to account for 18.1 million, which is projected to reach 29.5 million patients by the year 2040. Accordingly, the growing prevalence of cancer is fueling the demand for wide range of diagnosis and treatment alternatives, which, in turn, accelerates the growth of the Cancer Gene Therapy Market. Moreover, the increasing technological advancements in cancer gene therapy, as well as growing R&D investments, are creating lucrative opportunities for market growth in the foreseen years. However, the high cost associated with gene therapy and unwanted immune responses is hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cancer Gene Therapy Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of well-established market players and increasing investment in healthcare facilities in the region. Whereas, Europe is expected to grow at the highest CAGR during the forecast period. Factors such as rising research funding for novel therapeutics by government bodies, as well as growing demand for novel therapeutics are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
- Abeona Therapeutics Inc.
- Asklepios BioPharmaceutical Inc.
- Bluebird bio Inc.
- GlaxoSmithKlineInc.
- Introgen TherapeuticsInc.
- MerckKGaA
- BioCancell Inc.
- Elevate Bio Inc.
- Genelux Corporation
- OncoGenex Pharmaceuticals Inc.
Recent Developments in the Market:
- In January 2022, Ori Biotech Ltd. publicized that the company has achieved above USD 100 million in funding in a Series B funding round, which is planned to use for the expansion of key personnel to support the launch of its innovative cell and gene therapy manufacturing platform.
- In June 2021, Eisai and Bristol Myers Squibb entered collaborative agreement to form and marketing of MORAb-202, Eisai's ADC for advanced solid tumors.
Report Scope:Global Cancer Gene Therapy Market
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End Use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent to up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Oncolytic Virotherapy
- Gene Induced Immunotherapy
- Gene Transfer
By End Use:
- Research Institutes
- Biopharmaceutical Companies
- Diagnostic Centers
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Cancer Gene Therapy Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Cancer Gene Therapy Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Cancer Gene Therapy Market, by End Use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cancer Gene Therapy Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cancer Gene Therapy Market Dynamics
- 3.1. Cancer Gene Therapy Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Surging demand for novel cancer therapeutics
- 3.1.1.2. Rising incidences of cancer globally
- 3.1.2. Market Challenges
- 3.1.2.1. High cost is associated with gene therapy
- 3.1.2.2. Unwanted immune responses
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing technological advancements in cancer gene therapy
- 3.1.3.2. Growing R&D investments
Chapter 4. Global Cancer Gene Therapy Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cancer Gene Therapy Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Cancer Gene Therapy Market by Type, Performance - Potential Analysis
- 6.3. Global Cancer Gene Therapy Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Cancer Gene Therapy Market, Sub Segment Analysis
- 6.4.1. Oncolytic Virotherapy
- 6.4.2. Gene Induced Immunotherapy
- 6.4.3. Gene Transfer
Chapter 7. Global Cancer Gene Therapy Market, by End Use
- 7.1. Market Snapshot
- 7.2. Global Cancer Gene Therapy Market by End Use, Performance - Potential Analysis
- 7.3. Global Cancer Gene Therapy Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
- 7.4. Cancer Gene Therapy Market, Sub Segment Analysis
- 7.4.1. Research Institutes
- 7.4.2. Biopharmaceutical Companies
- 7.4.3. Diagnostic Centers
- 7.4.4. Others
Chapter 8. Global Cancer Gene Therapy Market, Regional Analysis
- 8.1. Cancer Gene Therapy Market, Regional Market Snapshot
- 8.2. North America Cancer Gene Therapy Market
- 8.2.1. U.S. Cancer Gene Therapy Market
- 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. End Use breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Cancer Gene Therapy Market
- 8.3. Europe Cancer Gene Therapy Market Snapshot
- 8.3.1. U.K. Cancer Gene Therapy Market
- 8.3.2. Germany Cancer Gene Therapy Market
- 8.3.3. France Cancer Gene Therapy Market
- 8.3.4. Spain Cancer Gene Therapy Market
- 8.3.5. Italy Cancer Gene Therapy Market
- 8.3.6. Rest of Europe Cancer Gene Therapy Market
- 8.4. Asia-Pacific Cancer Gene Therapy Market Snapshot
- 8.4.1. China Cancer Gene Therapy Market
- 8.4.2. India Cancer Gene Therapy Market
- 8.4.3. Japan Cancer Gene Therapy Market
- 8.4.4. Australia Cancer Gene Therapy Market
- 8.4.5. South Korea Cancer Gene Therapy Market
- 8.4.6. Rest of Asia Pacific Cancer Gene Therapy Market
- 8.5. Latin America Cancer Gene Therapy Market Snapshot
- 8.5.1. Brazil Cancer Gene Therapy Market
- 8.5.2. Mexico Cancer Gene Therapy Market
- 8.6. Rest of The World Cancer Gene Therapy Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Abeona Therapeutics Inc.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Asklepios BioPharmaceutical Inc.
- 9.2.3. Bluebird bio Inc.
- 9.2.4. GlaxoSmithKlineInc.
- 9.2.5. Introgen TherapeuticsInc.
- 9.2.6. MerckKGaA
- 9.2.7. BioCancell Inc.
- 9.2.8. Elevate BioInc.
- 9.2.9. Genelux Corporation
- 9.2.10. OncoGenex Pharmaceuticals Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption