Unlocking Opportunities in the Gene Therapy Market: Key Growth Trends and Forecast Insights
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What is the Growth Potential of the Gene Therapy Market, and How Will It Perform by 2034?
The gene therapy market has grown exponentially in recent years. It is projected to expand from $12.52 billion in 2025 to $16.36 billion in 2025, at a CAGR of 30.7%. This rapid growth is driven by higher pharmaceutical R&D spending, rising public-private partnerships, government investments, and an increase in cases of spinal muscular atrophy.
The gene therapy market is projected to experience substantial growth in the coming years, reaching $31.48 billion by 2029 at a compound annual growth rate (CAGR) of 17.8%. This growth is driven by an increase in cancer cases, a rising elderly population, growing pharmaceutical R&D investments, and a heightened focus on gene therapy. Key trends in this period include securing regulatory approvals, enhancing operations through strategic partnerships and collaborations, expanding capabilities via acquisitions, and strengthening operations through business expansions.
What Combination of Drivers Is Leading to Accelerated Growth in the gene therapy Market?
The rising incidence of cancer is expected to drive the gene therapy market. Gene therapy is an effective treatment for cancer by introducing new genes to slow tumor growth. For example, the American Cancer Society projected 1.9 million new cancer diagnoses in 2022. This rise in cancer cases is expected to drive the growth of the gene therapy market.
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Who Are the Major Companies Shaping the Competitive Landscape of the Gene Therapy Market?
Major companies operating in the gene therapy market include:
• UniQure NV_x000D_
• REGENXBIO Inc._x000D_
• Bristol-Myers Squibb_x000D_
• BioMarin Pharmaceuticals Inc._x000D_
• Jazz Pharmaceuticals Inc._x000D_
What Are the Key Emerging Trends in the Gene Therapy Market for the Next Decade?
Machine learning and artificial intelligence (AI) are gaining traction in the gene therapy market, helping companies analyze data and optimize manufacturing processes. For example, in May 2023, Form Bio, a US-based life-sciences software company, launched FORMsightAI, an AI solution designed to address common issues in cell and gene therapy manufacturing.
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What Major Market Segments Define the Scope and Growth of the Gene Therapy Market?
The gene therapy market covered in this report is segmented –
1) By Gene Therapy Type: Germline Therapy, Somatic Cell Therapy
2) By Vector: Viral Vector, Non-Viral Vector
3) By Application: Oncology, Orphan Disease, Knee Osteoarthritis, Neurological Disorders
4) By End Users: Biopharmaceutical Companies, Research Institutes, Other End Users
Subsegments:
1) By Germline Therapy: Inherited Disease Treatment, Genetic Modification Of Embryos, Gene Editing Techniques, Ethical And Regulatory Considerations
2) By Somatic Cell Therapy: Cancer Gene Therapy, Monogenic Disorder Treatment, Gene Replacement Therapy, RNA-Based Therapies, Gene Editing Techniques
Which Regions Are Making a Mark in the Gene Therapy Market Growth?
North America was the largest region in the gene therapy market in 2025. The regions covered in the gene therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does the Definition of the Gene Therapy Market Include?
Gene therapy refers to a method for treating or curing sickness that alters a person’s DNA. Gene treatments can function in a variety of ways: putting a healthy copy of the gene in place of a disease-causing gene and putting a defective gene that causes an illness inactive.
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