Chemical Market ShareAnalysis Gene Therapy Market Competition by Manufacturers | Page 2

market is predicted to grow at significant CAGR in the forecast period, providing numerous opportunities for market
players to invest for research and development in the gene therapy market.
Gene therapy identifies differences among genes that are related with disease or other behaviors. The gene therapy
determine person susceptibility towards genetic disease. The therapy also helps to understand the likelihood of a
person to carry forward genetic mutation to their offspring. Gene therapy is performed on various blood sample taken
during different period in person’s life, for example, before the birth and until death of the individual. The fast paced
technological advancement in gene therapy and sequencing methodologies, has led to the vast expansion of gene
therapy in numerous health care sections to determine individual’s susceptibility towards complex disorders.
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Gene therapy is performed on blood sample, hair, skin-tissue, and amniotic fluids that are found during pregnancy and
surrounding fetus area. For instance, a health checkup method known as buccal smear, involves a cotton brush or a
cotton swab to gather a fraction of DNA from the interior surface of the cheek. The use of fraction saline mouthwash
also serves the same purpose, to collect the sample of the cells.
The market is broadly categorized into two major segments based on the vector type such as viral vector and non-viral
vectors. The viral vector is considered as one of the fastest growing segment in the market with substantial revenue
generation in the last few years. The viral vector segment is further divided into multiple sub-segments such as
retrovirus, adenovirus, adeno-associated virus, vaccinia virus, herpes simplex virus and others. Growing popularity of
the adenovirus sub-segment is attributed to their reduced immunogenicity. The non-viral vectors segment has also
witnessed substantial growth owing to their capability to reduce or eliminate viral toxicity.
The market is divided into regional market segment such as North America, Europe, Asia-Pacific and Latin America.
North America region has shown major growth in recent years owing to increase in the usage of genetic services, rise
in the implementation of latest technologies in medicine & pharmaceutical sector, existence of well-established
healthcare infrastructure in the region, and upsurge in the expenditure for health-care services. Asia-Pacific held
second highest share in the gene therapy market displaying massive growth in the forecast period. Countries like China,
India, Japan and Australia are leading Asia-Pacific market with rise in preference towards health care tourism and
significant investment by leading industry players considering potential growth opportunities in the region.
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