Lucintel's latest market report analyzed that gene therapy provides attractive opportunities in the oncological disorders, rare diseases, cardiovascular diseases, neurological disorders, and infectious disease. The gene therapy market is expected to grow at a CAGR of 27%-29%. In this market, non-viral vectors are the largest segment by vector, whereas oncological disorder is largest by application.
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Based on vector, the gene therapy market is segmented into non-viral vectors (oligonucleotides and other non-viral vectors) and viral vectors (retroviral vectors, adeno-associated virus vectors, and other viral vectors). The non-viral vectors segment is accounted for the largest share of the market in 2020 due to increasing demand of oligonucleotide-based non-viral vector gene therapies and advancements in physicochemical approaches for gene therapies during preclinical and clinical trials.
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The gene therapy market is marked by the presence of several big and small players. Some of the prominent players offering Gene therapy include Biogen, Novartis AG, Gilead Sciences, Spark Therapeutics, MolMed S.p.A., Orchard Therapeutics, SIBIONO, Shanghai Sunway Biotech, bluebird bio, and Human Stem Cells Institute.
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