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Global Cell and Gene Therapy Market

Focus on Product Type, Therapeutic Class, Pipeline, Regional and Country Data (15 Countries) - Analysis and Forecast, 2021-2027

 
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The cell and gene therapy market is estimated at $2,599.7 million in 2020. The market is expected to grow at a CAGR of 33.82% during the forecast period from 2021 to 2027.

The possible opportunities that can boost the growth of the market include drug approvals and strong pipeline of cell and gene therapies and increasing number of mergers and acquisitions within the cell and gene industry.

Therapeutic class that can be treated with cell and gene therapy include rare diseases, oncology, hematology, cardiovascular, ophthalmology, neurology, and other therapeutic classes.

The factors restraining the growth of the market include lack of reliable vector production for cell and gene therapy, complex manufacturing and distribution setup, and tedious process of therapeutic commercialization.

The key players operating in the market include Amgen Inc., bluebird bio, Inc., Castle Creek Pharmaceutical Holdings., Kite Pharma, Inc., Novartis AG, Orchard Therapeutics plc., Pfizer, Inc., and Spark Therapeutics, Inc.

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