Nucleic Acid Based Gene Therapy Market Growth Potential: Key Insights for 2024-2033
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What is the Expected Growth Rate of the Nucleic Acid Based Gene Therapy Market from 2024 to 2033?
The nucleic acid-based gene therapy market has experienced strong growth in recent years. It is expected to grow from $0.75 billion in 2023 to $0.82 billion in 2024, at a compound annual growth rate (CAGR) of 9.6%. Growth is driven by advances in human genetics, increased demand for personalized medicine, a growing pipeline of gene therapy products, and government support for genetic disorders and cancer therapy.
The nucleic acid-based gene therapy market is projected to grow to $1.2 billion by 2028, at a CAGR of 10.1%. Growth is driven by expanding indications, increased funding, patient awareness, and research advancements. Key trends include ex vivo gene editing, in vivo gene editing, and targeted delivery systems.
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What Key Factors Are Fueling the Growth of the Nucleic Acid Based Gene Therapy Market?
The increasing financial support from both governments and companies is expected to drive the demand for nucleic acid-based gene therapies. These therapies target the genetic basis of diseases and offer the potential for permanent cures for conditions like cystic fibrosis, hemophilia, and diabetes. Unlike traditional treatments, which do not cure such diseases, nucleic acid therapies offer more effective solutions. For example, in August 2022, the National Institutes of Health (NIH) announced a $34 million annual investment to support HIV treatment research. This financial backing is expected to accelerate the growth of the nucleic acid-based gene therapy market.
What Are the Major Segments of the Nucleic Acid Based Gene Therapy Market?
1) By Technology: Anti-Sence and Anti-Gene, Short Inhibitory Sequences, Gene Transfer Therapy, Nucleoside Analogs, Ribozymes, Aptamers, Other Technologies
2) By Application: Oncology, Muscular Dystrophy/ Muscular Disorders, Rare Diseases
3) By End User: Hospitals And Clinics, Academic And Research Institutes
What New Trends Are Transforming the Nucleic Acid Based Gene Therapy Market?
In the nucleic acid drugs market, companies are developing innovative treatments like Casimersen, an antisense oligonucleotide (ASO) for treating Duchenne muscular dystrophy (DMD). Sarepta Therapeutics launched Casimersen in 2021, approved by the FDA for use in patients with specific genetic mutations.
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Which Regions Are Driving Growth in the Nucleic Acid Based Gene Therapy Market?
North America was the largest region in the nucleic acid-based gene therapy market in 2023. Western Europe was the second-largest region in the nucleic acid-based gene therapy market report. The regions covered in the nucleic acid based gene therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Nucleic Acid Based Gene Therapy Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the nucleic acid based gene therapy market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Nucleic Acid Based Gene Therapy Market Include
1. Nucleic Acid Based Gene Therapy Market Executive Summary
2. Nucleic Acid Based Gene Therapy Market Segments
3. Nucleic Acid Based Gene Therapy Market Size And Template Market Growth Rate
4. Key Nucleic Acid Based Gene Therapy Market Trends
5. Major Nucleic Acid Based Gene Therapy Market Drivers
……
25. Key Mergers And Acquisitions In The Nucleic Acid Based Gene Therapy Market
26. Top Nucleic Acid Based Gene Therapy Companies
27. Nucleic Acid Based Gene Therapy Market Opportunities And Strategies
28. Nucleic Acid Based Gene Therapy Market, Conclusions And Recommendations
29. Appendix
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