10th December,
2018- Gene
Therapy Market is subject to witness a substantial growth due to
the high-end demand for latest technologies in healthcare sector and collective
research and development (R&D) activities in the area of genetics. High
occurrence of cancer-related diseases like breast cancer and their early
detection are compelling the market growth of gene therapy.
Early detection of breast cancer involves BRC gene testing
which is gaining substantial preference in recent times. Identification of
severity among patients suffering from chronic diseases and successful
execution of disease management are other major factors driving the growth of
the gene therapy market. The chronic diseases involve such as diabetes and
other cardio-vascular diseases, these diseases primarily require gene therapy
for effective treatment.
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Gene therapy involves DNA
testing that is used for identification and execution of the genetic analysis
for detection of vulnerabilities due to hereditary diseases. Application of
gene therapy extends to agriculture biotechnology, in which therapy (also
called as progeny testing) is used to determine the quality of breeding
livestock. In population ecosystem, genetic testing is used for tracking
hereditary strengths and weakness for a particular set of population. Globally,
the market is predicted to grow at significant CAGR in the forecast period, providing
numerous opportunities for market players to invest for research and
development in the gene therapy market.
Gene therapy identifies
differences among genes that are related with disease or other behaviors. The
gene therapy determine person susceptibility towards genetic disease. The
therapy also helps to understand the likelihood of a person to carry forward
genetic mutation to their offspring. Gene therapy is performed on various blood
sample taken during different period in person’s life, for example, before the
birth and until death of the individual. The fast paced technological
advancement in gene therapy and sequencing methodologies, has led to the vast
expansion of gene therapy in numerous health care sections to determine
individual’s susceptibility towards complex disorders.
The major players in the gene
therapy market are UniQure N.V, Spark Therapeutics LLC, Bluebird Bio Co., Juno
Therapeutics, Inc., GlaxoSmithKline Co., Celgene Co., Shire Plc, Sangamo
Biosciences, Inc., Dimension Therapeutics, Inc., Voyager Therapeutics, Human
Stem Cell Institute, Bristol Myer’s Squibb, and Chiesi Farmaceutici S.p.A.
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