Industry Background:
Genetic modification therapies are advanced therapies that have the unprecedented ability to offer a one-time cure for severe, debilitating diseases that previously untreatable. Genetic modification therapies market expected to grow in the future due to the rising number of chronic patients and technology advancements for new medicine. Several large and small companies are engaged in clinical trials will boost the market in the forecasted period.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Casebia Therapeutics (United States), Acer Therapeutics Inc. (United States), 4D Molecular Therapeutics (United States), Abeona Therapeutics (United States), Editas Medicine (United States), GE Healthcare (United States), Allergan Plc (Ireland), Fate Therapeutics (United States) and Marcala Biotech (Canada) |
This growth is primarily driven by High Investment for R&D Activities Pertaining to Genetic Modification Therapies and Increase in the Prevalence of Cancer.
Globally, a noticeable market trend is evident Several Large and Small Companies are Engaged in Clinical Trials Major Players, such as Casebia Therapeutics (United States), Acer Therapeutics Inc. (United States), 4D Molecular Therapeutics (United States), Abeona Therapeutics (United States), Editas Medicine (United States), GE Healthcare (United States), Allergan Plc (Ireland), Fate Therapeutics (United States) and Marcala Biotech (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Oct. , 2019 CRISPR Therapeutics and Bayer today announced proposed plans whereby Casebia Therapeutics, a joint venture between CRISPR Therapeutics and Bayer, would operate under the direct management of CRISPR Therapeutics. Upon closing of the transaction, Casebia Therapeutics would focus on the development of its lead programs in hemophilia, ophthalmology and autoimmune diseases, with Bayer having opt-in rights for two products at IND submission.
In July 2023 Hitachi, Ltd. announced that it has entered a strategic framework collaboration agreement with the world-renowned medical research institution, Brigham and Women's Hospital (BWH), a founding member of the Mass General Brigham healthcare system and a teaching affiliate of the Harvard Medical School,*1 on 29 June.
Influencing Trend:
Several Large and Small Companies are Engaged in Clinical Trials
Market Growth Drivers:
High Investment for R&D Activities Pertaining to Genetic Modification Therapies and Increase in the Prevalence of Cancer
Challenges:
Lack of Awareness about genetic modification therapies in Developing Regions
Restraints:
Government Regulatory Policies and Approval Process
Opportunities:
Growth in the Demand in Developing Countries and Rising Demand for Innovative Therapies in Emerging Economy
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Genetic Modification Therapies Market
- Analysis about New Entrants in Genetic Modification Therapies Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Genetic Modification Therapies Study Sheds Light on
The Genetic Modification Therapies Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Genetic Modification Therapies industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Genetic Modification Therapies industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.