Gene Therapy Market Overview: Forecast Market Size, Major Driver, Key Trends And Largest Region - By The Business Research Company
LONDON, April 10, 2023 /PRNewswire/ -- As per The Business Research Company's Gene Therapy Global Market Report 2023, the global gene therapy market size will grow from $7.3 billion in 2022 to $9.4 billion in 2023 at a compound annual growth rate (CAGR) of more than 27%. The gene therapy market share is then expected to grow from $24 billion in 2027 at a CAGR of more than 26%.
- The gene therapy market share is then expected to grow from $24 billion in 2027 at a CAGR of more than 26%.
- Increasing number of cancer cases is expected to drive the growth of the gene therapy market during the forecast period.
- Cancer gene therapy is an emerging field using genetic material to modify cells in vitro or in vivo to help effect a cure.
- As per the gene therapy market forecast, North America was the largest region in the gene therapy market, accounting for 44.6% of the global market in 2022.