The Reports and Insights, a leading market research company, has recently releases report titled “Adeno-Associated Virus (AAV) vector-based gene therapy Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Adeno-Associated Virus (AAV) vector-based gene therapy Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Adeno-Associated Virus (AAV) vector-based gene therapy Market?
The global Adeno-Associated Virus (AAV) vector-based gene therapy market size reached US$ 5.2 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 18.4 billion in 2032, exhibiting a growth rate (CAGR) of 15.1% during 2024-2032.
What are Adeno-Associated Virus (AAV) vector-based gene therapy?
Adeno-Associated Virus (AAV) vector-based gene therapy is a treatment method that uses a harmless virus, known as the adeno-associated virus, to deliver therapeutic genes into a patient’s cells. This virus is modified to carry specific genetic material, such as a healthy gene to replace a faulty one. The modified virus is then introduced into the patient’s body, typically through injections. Once inside the cells, the AAV vector releases the therapeutic gene, which can correct or replace the defective gene responsible for a particular disease. This approach shows promise in treating various genetic disorders and has demonstrated effectiveness in clinical trials for conditions like inherited retinal diseases and specific types of muscular dystrophy.
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What are the growth prospects and trends in the Adeno-Associated Virus (AAV) vector-based gene therapy industry?
The adeno-associated virus (AAV) vector-based gene therapy market growth is driven by various factors. The market for Adeno-Associated Virus (AAV) vector-based gene therapy is on a significant growth trajectory, primarily propelled by the increasing adoption of gene therapy for treating genetic disorders and chronic diseases. AAV vectors are highly favored in gene therapy due to their efficient delivery of genetic material to target cells, low immunogenicity, and ability to sustain gene expression over time. Market growth is further driven by advancements in AAV vector design, expanding research and development efforts, and the rising number of clinical trials for gene therapy. Collaborations between pharmaceutical firms and research institutions to innovate new gene therapies also play a crucial role in expanding the AAV vector-based gene therapy market. Hence, all these factors contribute to adeno-associated virus (AAV) vector-based gene therapy market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Gene Therapy Application
- Neurological Disorders
- Ophthalmic Diseases
- Muscular Disorders
- Hematological Disorders
By Adeno-Associated Virus Serotype
- AAV1
- AAV2
- AAV5
- AAV9
By End-User
- Hospitals
- Research Institutes
- Biopharmaceutical Companies
By Therapeutic Area
- Rare Diseases
- Oncology
- Cardiovascular Diseases
- Genetic Disorders
By Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- Benelux
- Nordic
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Australia New Zealand
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
Middle East Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- BioMarin Pharmaceutical
- Roche (Spark Therapeutics)
- Sangamo
- Pfizer
- Sarepta Therapeutics
- Freeline Therapeutics
- Regenxbio
- Amicus Therapeutics
- NightstaRx Ltd.
- Solid Biosciences
- Voyager Therapeutics
- UniQure
- Abeona Therapeutics
- Aldevron (acquired by Danaher)
- Oxford BioMedica
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