PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1800232
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1800232
The global gene therapy market is expected to grow from USD7.876 billion in 2025 to USD18.419 billion in 2030, at a CAGR of 18.52%.
The global gene therapy market is experiencing robust growth from 2025 to 2030, driven by increased investment in research and development (R&D) and the rising prevalence of diseases like cancer. Gene therapy, which involves modifying or replacing defective genes to treat or prevent diseases, is gaining traction due to its potential to address complex conditions such as cancer and rare genetic disorders. The market is propelled by advancements in immunotherapy, favorable regulatory environments, and growing funding for innovative treatments. The United States leads the market, supported by significant R&D investments and a high incidence of cancer. However, high treatment costs and regulatory complexities may pose challenges.
Market Drivers
Rising Prevalence of Cancer
The increasing incidence of cancer is a primary driver of the gene therapy market. In the United States, cancer cases rose to approximately 1.92 million in 2022, with 609,000 deaths, underscoring the urgent need for innovative treatments. Gene therapies, particularly those targeting advanced-stage tumors through immunotherapy, are gaining importance for their ability to improve remission rates. The growing patient pool drives demand for therapies like chimeric antigen receptor T-cell (CAR-T) and vector-based treatments, which offer targeted solutions for various cancer types.
Increased R&D Investment
Significant investments in gene therapy R&D are fueling market growth. In 2023, the World Health Organization reported that global healthcare R&D spending, including for gene therapy, continues to rise, with Western Pacific countries leading at 0.07% of GDP. In the United States, the National Institutes of Health (NIH) allocated substantial funding for gene therapy research, fostering innovation in treatments for cancer and rare diseases. These investments support the development of advanced therapies, such as oncolytic virotherapy and vector-based treatments, enhancing market penetration.
Favorable Regulatory Environment
The regulatory landscape, particularly in the United States, supports market growth. The FDA's approval of therapies like Vyjuvek in May 2023 for dystrophic epidermolysis bullosa and Adstiladrin in December 2022 for non-muscle-invasive bladder cancer demonstrates a commitment to advancing gene therapy. These approvals, coupled with streamlined regulatory pathways, encourage innovation and market entry, boosting the adoption of gene therapies for various indications.
Market Restraints
The gene therapy market faces challenges due to the high cost of treatments, often reaching millions of dollars per patient, which limits accessibility, particularly in developing regions. Regulatory complexities, including stringent safety and efficacy requirements, can delay approvals and increase development costs. Additionally, the complexity of manufacturing gene therapies, such as viral vectors, poses scalability challenges. Addressing these barriers through cost optimization and standardized production processes will be critical for sustained market growth.
Market Segmentation
By Application
The market is segmented into oncology, rare genetic disorders, neurological disorders, and others. Oncology dominates due to the high prevalence of cancer and the focus on immunotherapies like CAR-T and oncolytic virotherapy. Rare genetic disorders, such as Duchenne muscular dystrophy, are also significant, driven by therapies like RGX-202.
By Geography
The market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America, led by the United States, holds a dominant share due to its high cancer incidence, substantial R&D funding, and favorable regulatory environment. Asia-Pacific is expected to grow rapidly, driven by increasing healthcare investments and rising disease prevalence in countries like India. Europe, South America, and the Middle East and Africa are emerging markets, supported by improving healthcare infrastructure.
The gene therapy market is set for robust growth from 2025 to 2030, driven by rising cancer prevalence, increased R&D investment, and favorable regulations, particularly in the United States. Despite challenges from high costs and regulatory complexities, the market's outlook remains positive, with strong growth in North America and Asia-Pacific. Industry players must focus on cost-effective therapies, scalable manufacturing, and strategic collaborations to capitalize on the growing demand for innovative gene therapy solutions.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Segmentation: