Global Cell and Gene Therapy Market Report 2021: Opportunities, Strategies, COVID-19 Impacts, Growth and Changes to 2030 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Cell and Gene Therapy market Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global cell and gene therapy market reached a value of nearly $4,390.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 25.5% since 2015.
This report describes and explains the global cell and gene therapy market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The market is expected to grow from $4,390.3 million in 2020 to $15,482.3 million in 2025 at a rate of 28.7%. The market is then expected to grow at a CAGR of 17.3% from 2025 and reach $34,317.9 million in 2030.
Growth in the historic period in the cell and gene therapy market resulted from increase in investments in cell and gene therapies, growth in research and development, advances in cancer drug discovery, rise in public-private partnerships, strong economic growth in emerging markets, increased healthcare expenditure, and rising in pharmaceutical R&D expenditure. The market was restrained by inadequate reimbursements, challenges due to regulatory changes, low healthcare access, and limited number of treatment centers.
Going forward increasing prevalence of cancer and chronic diseases, rising geriatric population, rising geriatric population, rising focus on cell and gene therapy, and rise in healthcare expenditure will drive the growth in the cell and gene therapy market. Factors that could hinder the growth of the market in the future include high costs of therapy, stringent regulations, reimbursement challenges, and coronavirus pandemic.
The cell and gene therapy market is segmented by product into cell therapy, and gene therapy. The gene therapy market was the largest segment of the cell and gene therapy market segmented by product, accounting for 72.4% of the total in 2020. Going forward, the gene therapy segment is expected to be the fastest growing segment in the cell and gene therapy market segmented by product, at a CAGR of 30.8% during 2020-2025.
The cell and gene therapy market is also segmented by application into oncology, neurological disorders, and others. The oncology market was the largest segment of the cell and gene therapy market segmented by application, accounting for 64.6% of the total in 2020. Going forward, the neurological disorders segment is expected to be the fastest growing segment in the cell and gene therapy market segmented by application, at a CAGR of 30.7% during 2020-2025.
North America was the largest region in the global cell and gene therapy market, accounting for 49.8% of the total in 2020. It was followed by the Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the cell and gene therapy market will be the Middle East and South America where growth will be at CAGRs of 60.5% and 59.9% respectively. These will be followed by Asia Pacific and Eastern Europe, where the markets are expected to register CAGRs of 49.4% and 38.9% respectively.
The global cell and gene therapy market is highly concentrated, with a small number of large players. The top ten competitors in the market made up to 97.46% share of the total market in 2019. Major players in the market include Biogen Inc., Novartis AG, Gilead Sciences, Ionis Pharmaceuticals, Inc., and Alnylam Pharmaceuticals, Inc.
The top opportunities in the cell and gene therapy market segmented by product will arise in the gene therapy segment, which will gain $8,977.0 million of global annual sales by 2025. The top opportunities in the cell and gene therapy market segmented by application will arise in the oncology segment, which will gain $6,730.2 million of global annual sales by 2025. The cell and gene therapy market size will gain the most in the USA at $3,360.9 million.
Market-trend-based strategies for the cell and gene therapy market include focusing on advanced therapies such as chimeric antigen receptor (CAR) T-cell therapy, concentrating on undertaking various research initiatives and attain funding, carrying out strategic collaborations to integrate advanced technologies, concentrating on developing gene/genome editing tools especially CRISPR, partnering or acquiring competitor companies, increasing the number of pipeline studies to develop cell and gene therapies, and investing in manufacturing facilities expansion.
- Biogen Inc.
- Novartis AG
- Gilead Sciences
- Ionis Pharmaceuticals, Inc.
- Alnylam Pharmaceuticals, Inc.
- ArrowHead Pharmaceuticals Inc.
- Spark Therapeutics
- Bluebird Bio, Inc.
- Mesoblast Limited
- Stempeutics Research Pvt. Ltd.
- EdiGene, Inc.
- Takara Bio
- Daiichi Sankyo Company
- Ultragenyx Pharmaceutical Inc
- Mitsubishi Tanabe Pharma
- Oxford Biomedica plc
- Santen Pharmaceutical Co.
- Therapeutic Innovation Australia
- Cellular Biomedicine Group
- GE Healthcare
- Nikon CeLL innovation Co. Ltd.
- Bristol-Myers Squibb
- Albumedix Ltd
- Kite Pharma
- Oxford BioTherapeutics
- Freeline Therapeutics
- DiNAQOR AG
- Vivet Therapeutics
- Takeda Pharmaceutical
- PsiOxus Therapeutics
- Herantis Pharma Plc
- Celgene Corporation
- Johnson & Johnson
- F. Hoffmann-La Roche Ltd
- Eli Lilly and Company
- GlaxoSmithKline plc
- Biogen Brazil
- Takeda Pharmaceutical Company Limited
- Middle East Gene Therapy Company
- DEVA (Turkey)
- Biotchpharma (Turkey)
- Gene Vector Technologies (Israel)
- BrainStorm Cell Therapeutics (Israel)
- Pluristem (Israel)
- Bayer East Africa Ltd.
- Adcock Ingram
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Laura Wood, Senior Press Manager
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