SOURCE: MarketResearch.com

MarketResearch.com

November 22, 2010 11:17 ET

New Report Projects Strong Growth in Gene Therapy Market

ROCKVILLE, MD--(Marketwire - November 22, 2010) - MarketResearch.com has announced the addition of RNCOS's new report "Global Gene Therapy Market Analysis" to their collection of Gene Therapy market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2849337

Gene therapy promises to be one of the most important frontiers in medicine. Although no significant achievements for curing disease have been achieved, the future seems to hold significant potential in terms of developing such approaches. Advancements in gene therapy have provided useful data, which has helped in understanding the pathogenesis of diseases. The discipline heralds a significant potential for the biotechnology industry over the long term, as the approach moves from research labs to clinical trials. Gene therapy market is still at the experimental stages with success yet to be achieved in completely developing curative therapeutic drugs.

According to "Global Gene Therapy Market Analysis," the global gene therapy market is anticipated to grow stupendously in the coming years. Presently, large pharmaceutical companies are investing heavily in both, developing such drugs internally and acquiring such candidates from others. The inherent specificity and predictability of gene therapy has shortened the duration of drug development and increased rates of success in preclinical and clinical trials, relative to non-biological 'small molecule' drugs, thus boosting the further growth of the industry.

The report found that the market is presently dominated by Oncology, Infectious diseases, and genetic disorders applications. However, therapeutic applications of gene therapy are extending to new therapy areas such as acquired diseases. In addition, smaller companies are likely to become more visible in the future as their products move closer to regulatory approvals.

Further, the US, Europe, Canada, China, and Japan are the major geographical markets exhibiting healthy growth rates. The study indicates that the highest growth rate in the developing countries' gene therapy market is likely to be observed for the treatment of cancer, followed by infectious diseases like AIDS etc.

The report provides extensive information and rational analysis of the global gene therapy market. It has thoroughly examined current market trends, industrial developments, and competitive landscape to enable clients to understand the market structure and its progress in coming years. The report also gives an insight into the segment-wise market trends prevailing at the regional level to provide an overview of developments taking place in these segments across the world.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2849337

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