Dublin, Aug. 26, 2021 (GLOBE NEWSWIRE) -- The "Asia-Pacific Gene Therapy Market Research Report: Type, Vector Type, Application, End User - Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Market is set to reach $6,931.5 million by 2030, at a 36.8% CAGR during 2021-2030
The main driving factors for the Asia-Pacific gene therapy market are the growing gene therapy development and clinical trial activity, rising prevalence of chronic diseases, strategic developments among market players, and public and private initiatives to raise awareness on this issue.
The APAC gene therapy market was moderately affected by the COVID-19 pandemic because of the lockdowns, movement restrictions, and halt of clinical trials. But, as the clinical trials were halted briefly, the market recovered quickly.
Ex-vivo and in-vivo are the bifurcations within the type segment of the APAC gene therapy market. Of these, in-vivo was the larger category in 2020 because this type of gene therapy is more effective and easier to administer.
The categories of the APAC gene therapy market on the basis of vector type are adenovirus, herpes simplex virus (HSV), non-viral, and lentivirus. The higher efficacy of adenoviral vectors will propel the adenovirus category at the highest CAGR during the forecast period.
The APAC gene therapy market, based on end user, is categorized into academic institutes and research centers and pharmaceutical and biotechnology companies. Among these, in 2020, the market was dominated by pharmaceutical and biotechnology companies, as they are receiving heavy funding, conducting numerous clinical trials, and bringing about advancements in their products.
During the forecast period, China will likely grow the fastest in the APAC gene therapy market due to the rising incidence of rare diseases and cancer and increasing strategic development activity among market players. For instance, rare diseases affect almost 20 million people in the country each year, as per an April 2019 article in South China Morning Post; as a result, the demand for gene therapies is surging here.
APAC gene therapy market players are launching new products and seeking regulatory approvals for the same.
The most-significant firms in the APAC gene therapy market are Novartis AG, Shanghai Sunway Biotech Co. Ltd., Sibiono GeneTech Co. Ltd., Kolon Life Science Inc., Amgen Inc., and AnGes Inc.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
22.214.171.124 In vivo
126.96.36.199 Ex vivo
4.1.2 By Vector Type
4.1.3 By Application
188.8.131.52 Nasopharyngeal cancer
184.108.40.206 Critical limb ischemia
4.1.4 By End User
220.127.116.11 Pharmaceutical and biotechnology companies
18.104.22.168 Academic institutes and research centers
4.2 Market Dynamics
22.214.171.124 Product launches and grants
126.96.36.199 Outsourcing of vector and gene therapy manufacturing
188.8.131.52 Positive clinical results
184.108.40.206 Increasing therapy development activities
220.127.116.11 Surging burden of chronic diseases
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Cost-ineffectiveness of gene therapies
126.96.36.199 Long-term safety issues
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Advancements in gene therapies and gene therapy manufacturing process
4.3 Impact of COVID-19
4.4 Porter's Five Forces Analysis
Chapter 5. APAC Market Size and Forecast
5.1 By Type
5.2 By Vector Type
5.3 By Application
5.4 By End User
5.5 By Country
Chapter 6. China Market Size and Forecast
6.1 By Type
6.2 By Vector Type
6.3 By Application
6.4 By End User
Chapter 7. Japan Market Size and Forecast
7.1 By Type
7.2 By Vector Type
7.3 By Application
7.4 By End User
Chapter 8. Australia Market Size and Forecast
8.1 By Type
8.2 By Vector Type
8.3 By Application
8.4 By End User
Chapter 9. Competitive Landscape
9.1 Market Share Analysis of Key Players
9.2 Impact of Approved Gene Therapy
9.3 Strategical Developments of Key Players
9.3.1 Product Approval/Launch
9.4 List of Major Pipeline and Approved Gene Therapies
9.5 List of Major Gene Therapy Societies
9.6 List of Companies
9.7 Gene Editing Regulations in Major Countries
Chapter 10. Company Profiles
Sibiono GeneTech Co. Ltd.
Shanghai Sunway Biotech Co. Ltd.
Kolon Life Science Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vb6zcs
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