Scienza e Tecnologia
Novel Advancements in Life Sciences Sector to Boost Growth of Gene Therapy Market Between 2018 and 2026: TMR
ALBANY, N.Y. , Dec. 9, 2020 /PRNewswire/ -- Swift and major progress in the molecular and cellular biology field on the back of the technological advancements is generating tremendous growth opportunities for the gene therapy market. The escalating number of approved gene therapies has also brought immense growth for the gene therapy market. Hence, all these factors may serve as great growth generators for the gene therapy market.
Gene therapy is a technique that makes use of genes to treat or prevent disease. Precisely, it is the process of replacing defective genes with healthy ones. This therapy can be performed both inside and outside of the body.
As per the researchers at Transparency Market Research (TMR), the global gene therapy market is extrapolated to expand at a CAGR of 40.0 percent through the assessment period of 2018-2026. The global gene therapy market was valued at US$ 17.0 mn in 2017 and is projected to observe an impressive increase to US$ 5164.03 mn by the end of the forecast period, that is, 2026.
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The popularity of CAR-T cells as a feasible treatment option is expected to garner immense growth prospects for the global gene therapy market across the assessment period of 2018-2026.
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A massive number of researchers and scientists are in the process of finding effective gene therapies for treating various diseases and disorders. A new study by a group of researchers at Adelaide has found a new gene therapy that could help in treating bowel cancer that has spread to the liver for the first time. In another development, gene therapy has shown promising results for treating sickle cell disease. Such developments bring immense growth for the gene therapy market.
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Healthcare Industry
Autologous Cell Therapy Market: According to the report, the global autologous cell therapy market was valued at US$ 7.5 Bn in 2018 and is anticipated to expand at a CAGR of 18.1% from 2019 to 2027, rise in prevalence of autoimmune disorders, cancer, blood related disorders, are projected to drive the global market during the forecast period
Compression Therapy Market: According to the report, the global compression therapy market was valued at US$ 3.2 Bn in 2018 and is anticipated to expand at a CAGR of 6.1% from 2019 to 2027, owing to rising sports injuries, increase in the number of orthopedic surgeries, and rapidly growing obese population boost demand for compression therapy products globally
Liposome Drug Delivery Market: Companies in the liposome drug delivery market are increasing their focus on drug delivery nanosystems involving major antiviral classes and their transport across specific barriers at cellular and intracellular levels. Thus, liposomes hold promising potentials in ongoing research studies being carried out by healthcare companies for the treatment of coronavirus
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