The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Gene Delivery Technologies Global Market Report 2024, the gene delivery technologies market is expected to show promising growth in the forecast period.

The gene delivery technologies market has experienced rapid expansion in recent years, with significant growth projected for the near future. From enhanced understanding of genetic diseases to the evolution of nanotechnology, several factors have contributed to this upward trajectory.

Current Market Dynamics

• The gene delivery technologies market is set to increase from $3.57 billion in 2023 to $4.11 billion in 2024, boasting a compound annual growth rate (CAGR) of 15.2%.
• This growth is fueled by advancements in cell therapy, the evolution of nanotechnology, and the growth of gene therapy trials.

Future Growth Projections

• Forecasts suggest that the market will reach $6.96 billion by 2028, with a CAGR of 14.1%.
• The proliferation of gene therapy, expansion of non-viral delivery systems, and precision medicine development are key drivers of this anticipated growth.

Surge In Gene And Cell Therapies Drives Momentum

The rise in cell and gene therapies is expected to be a primary catalyst for market growth.

• Advancements in gene editing technologies have paved the way for the development and commercialization of these therapies.
• With thousands of clinical trials underway and an estimated 100 approved cell and gene therapies in the United States by 2031, the momentum is unmistakable.

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Technological Advancements Fuel Market Expansion

Technological innovation emerges as a crucial trend shaping the gene delivery technologies market.

• Aera Therapeutics’ Platform delivery technology, launched in February 2023, exemplifies cutting-edge advancements in the field.
• This technology allows for precise targeting of RNA molecules involved in disease processes, opening doors to personalized gene therapies.

Strategic Acquisitions Bolster Industry Expertise

Strategic acquisitions play a pivotal role in fortifying companies’ positions in the gene delivery technologies market.

• PerkinElmer’s acquisition of SIRION Biotech in June 2021 underscores the importance of gene therapy and viral vector technologies.
• This move strengthens PerkinElmer’s capabilities and positions it as a leading provider of gene delivery technologies.

Market Segmentation

The gene delivery technologies market is segmented across various dimensions:

1. By Mode: Biological, Chemical, Physical.
2. By Method: Ex Vivo, In Vivo, In Vitro.
3. By Application: Gene Therapy, Cell Therapy, Vaccines, Research.

Regional Dynamics

• North America emerged as the largest region in the gene delivery technologies market in 2023.
• However, the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period.

Conclusion

The gene delivery technologies market is witnessing a period of unprecedented growth, fueled by advancements in gene editing, cell therapy, and precision medicine. With technological innovations driving the development of cutting-edge platforms, the landscape of gene delivery is rapidly evolving. Strategic acquisitions further underscore the industry’s dynamism, positioning key players for sustained success. As the market continues to expand, fueled by a surge in gene and cell therapies, stakeholders across the globe stand to benefit from transformative solutions in healthcare and beyond.

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