Cancer Gene Therapy Market to Grow at Breakneck Speed Amid Growing Need for
Effective Treatment, and Favorable Government Support
The most recent report predicts the prevalence of 27.5 million new cancer cases and 16.3 million
cancer-related deaths by 2040. This puts forth the dire need for cancer medicines for the effective
treatment of the growing number of cancer patients. Being ethically accepted, gene therapy
treatments for cancer are likely to gain significant momentum over the forecast period. Against
this backdrop, the global cancer gene therapy market is set to witness robust growth in the
upcoming years. Given upwelling investments in R&D pursuits and growing demand for DNA
vaccines, the market shall further pave its pathways toward fruition. In addition, improving
regulatory standards apropos to the quality of products used in gene therapy and favorable
government norms for treatment have translated into significant opportunities, propelling growth
across the cancer gene therapy market.
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Rising Prevalence of Cancer to Assist Cancer Gene Therapy Market Expansion
The rising prevalence of cancer cases has highlighted the need for effective treatment methods. To
this end, robust funds are being channeled in the direction of cancer research, unveiling better and
more successful treatments. Perceptively, diverse gene therapy techniques are now being leveraged
to treat cancer. Gene therapy-based immune modulation, antisense, anti-angiogenic gene therapy,
oncolytic virotherapy, pro-drug activating suicide gene therapy, RNAi tactics, and tumor invasion
pathways are a few techniques under gene therapy treatment. Given different types of cancer the
treatments focus on skin, lung, ovarian, prostate, breast, bladder, colorectal, and renal cancer. That
said, mounting cases of cancer are anticipated to drive the cancer gene therapy market toward
sound maturity.
Potential Low Risk Associated with Cancer Gene Therapy to Earn Government Support,
Favoring Market Growth
Noticeably, cancer gene therapy involves lesser risks as compared to conventional ways of
treatment. Within this treatment, the new genes are inserted into the patient's genome and promote
continuous functioning without interfering with the activities of other genes. Several
enhancements are being made in the regulatory environment regarding the quality assurance of
products (vectors). Considering the catastrophic consequences of any defects in gene therapy,
producers are being propelled to come up with products that are free from errors. Alterations in
the laws precluding product recall during post-marketing surveillance ensure the availability of
cancer gene therapy market.
North America to Sustain Dominance in Gene Therapy Market Due to Pervasive Uptick in
Cancer Incidences
During the projection timeframe, North America is poised to garner a major share of the global
cancer gene therapy market due to the growing prevalence of cancer. The presence of major market
players, shrewd collaborations, and robust investments in R&D endeavors are likely to drive the
regional market to sound maturity. In addition, growing FDA approvals shall further prolong the
market’s growth trajectory. On the other end, Asia Pacific has emerged as the fastest-growing
market backed by growing consumer awareness and propitious government initiatives supporting
cancer gene therapy.
Major Market Players
Some of the most prominent players in the global cancer gene therapy market include EffRx
Pharmaceuticals S.A., Novartis AG, Merck KGaA, BIOCAD, Crinetics Pharmaceuticals, Inc.,
AstraZeneca Plc., Advantagene Inc., GenVec Inc., Vicore Pharma AB, Euroscreen S.A., Bristol-
Myers Squibb, Amgen, Adaptimmune Therapeutics plc., Achieve Life Science Inc., BioCanCell
Ltd., Genelux Corporation, Cell Genesys Inc., GlaxoSmithKline PLC, and Amgen Inc.
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