Gene Delivery System Market is Projected to Soar at a Value CAGR of 7.8%from 2017 to 2025

Gene Delivery System Market: Snapshot

Gene delivery systems are used to deliver therapeutic drugs targeting a specific area. Gene delivery is a procedure that introduces foreign DNA into host cells. The global gene delivery system market was valued approximately US$ 2,227.8 Mn in 2016 and is anticipated to expand at a CAGR of over 7.8% from 2017 to 2025 to reach value of nearly US$ 4,281.0 Mn by 2025. Increase in demand for targeted therapies and rise in technological advancements are likely to fuel the global gene delivery system market from 2017 to 2025.

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The global gene delivery system market is driven by increase in need for advanced technologies for targeted systems. Launch of new and advanced technologies, rise in demand for targeted and low dose frequency drug delivery, increase in investment in research & development, surge in demand for self-administration devices for home health care, and increase in prevalence of chronic life-threatening diseases are driving the global gene delivery system market. However, high cost of the treatment and increase in drug recalls due to stringent regulations in developed countries are likely to restrain the market. The global gene delivery system market is segmented according to delivery system, application, route of administration, and geography.

According to delivery system, the global gene delivery system market is divided into viral gene delivery system, non-viral gene delivery system, and combined hybrid system. The viral gene delivery system is further classified into adenovirus system, lentivirus vector, retrovirus vector, adeno-associated virus vector, sendai virus vector, herpes simplex virus vector, and others. The non-viral gene delivery system is further segmented into natural organic compounds, physical methods, and chemical methods. In terms of revenue, the viral gene delivery system segment dominates the global gene delivery system market. Increase in demand for viral gene delivery systems for the treatment of genetic and acquired diseases caused by insertion or deletion of a gene drives the segment. The combined hybrid delivery system segment account for a small share of the market.

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Based on application, the global gene delivery system market is segregated into infectious diseases, oncology, ophthalmology, urology, diabetes, CNS, and others. In terms of revenue, the oncology segment dominates the global gene delivery system market. Rise in incidence of cancer across all regions drives the global gene delivery systems market. According to WHO report (2017), around 1 in 6 deaths occurs due to cancer globally. CNS is the second largest segment boosting the market. Increase in incidence of neurological diseases is likely to drive the segment by 2025. According to EurekAlert, neurological disorders is a leading cause of death globally. Diabetes is also a chronic disease which affects majority of population across the globe. According to WHO report, in 2016, around 1% of total deaths occurred only due to diabetes in Japan.

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