September 18, 2018
WELLESLEY, Mass., Sept. 18, 2018 –Recent advancements in genetic modification, including better delivery systems, more efficient and durable gene expression constructs, and precise DNA editing tools are boosting the industry’s global market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 49.9% through 2023, when it could be worth $17.4 billion, according to the report Genetic Modification Therapies: Gene Therapies, Genetically Modified Cell Therapies, RNA Therapies and Gene Editing.
Major players in the market include 4D Molecular Therapeutics, Abeona Therapeutics, Beam Therapeutics, Casebia Therapeutics, Editas Medicine, Fate Therapeutics, GE Healthcare, Hitachi Chemical Advanced Therapeutics, Immunocore, Jivana Biotechnology, Krystal Biotech, Limelight Bio, Marcala Biotech, Nantkwest, Orchard Therapeutics, Periphagen, Renovo Therapeutics, Sangamo Therapeutics and Sanofi.
“Because of the potentially curative nature of these medicines there is enormous potential in many applications, ranging from cancer to neurology to rare diseases,” said BCC Research analyst and the report’s author John Bergin. “Genetic modification therapies represent the next wave of medicines with enormous potential for treating and curing debilitating and serious diseases. Because of its wide scope, genetic modification therapy will play an important role in the future global medical economy.”
Challenges Range from Delivery to Manufacturing
Each of the market’s approaches faces unique challenges, the report adds. For gene therapy and genetically modified cell therapy, those challenges are related to manufacturing, while delivery is the challenge to overcome for RNA therapy and safety and efficacy may restrain the gene editing field.
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Genetic Modification Therapies Clinical Applications: Gene Therapies, Genetically Modified Cell Therapies, RNA Therapies and Gene Editing( BIO159A )
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