Cell and Gene Therapy: Trend and Market Analysis
18 January 2020
Currently, there are 2,000 patients under the clinical trial research and development of genomic or genetic cell and gene therapy. These patients and development are under the supervision of public hospital. The related diseases range from cancer, genetic disease, and genome sequencing of Thai people. Therefore, the integration of information from both treatment, sequencing, and research would further help in future diagnostic and treatment of more patients in the future and be beneficial for Thai society.
The study finds that the global market for stem cell is valued at 6.87 billion US dollar in (2016) and it is expected to be expand to 15.63 billion US dollar in 2025 with CAGR growth of 9.2 percent per year. The factors that drive the growth of stem cells market are as followed. First, an increase in research and development for the practical use of stem cell in treating many diseases. There is new novel method in creation and culture of human stem cells that help in the process of testing efficacy in disease management. These factors will help in developing further the regenerative medicine industry that is related to cell and gene therapy.
Currently, the cell and stem cell therapy global markets have expanded exponentially and they can be categorized into three parts: the stem cell global market in 2019 to be 8.65 billion US dollar with the projected growth rate of 8.8 per year. For the cell therapy market, the value of market in 2019 to be 5.22 billion US dollar with the projected growth of 5.34 percent per year. The value of gene therapy market in 2019 to be 0.53 billion US dollar with the high growth projection of 33.9 percent per year.
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