The global gene therapy market is projected to grow at a fast pace on the back of rising R&D investments and the need for generic drugs, says RNCOS in its latest research offering.
Noida, UP -- (SBWIRE) -- 03/27/2011 -- As per our new research report, “Global Gene Therapy Market Analysis”, the global gene therapy market is at its nascent stages, but shows immense future growth potential. This is commendable as the growth was observed despite the prevailing economic downturn, which ended last year. The market has been mainly dominated by the research areas pertaining to infectious diseases and genetic disorders. However, as the technology is advancing and new breakthroughs are being made, the market will grow to encompass other areas of research as well.
Our report has highlighted the main factors, which will lead to an unprecedented growth of the market in the future. One of the most prominent factors will be the rising interest of drug manufacturers looking to invest in the R&D of new drugs. Additionally, due to the patent expirations lined up in the next 3 years, they will also be looking to develop an in-house generic form of leading biologics.
Investments will also be boosted by the rising support for generics around the world on the face of increasing healthcare costs. Besides drug development application, gene therapy is being used for understanding the mechanism of some of the most harmful diseases, which ultimately helps in deriving their therapies.
Through our prudent and in-depth analysis, we have derived the conclusion that, the efficacy and safety characteristics of drugs developed by gene therapy will help in the growth of the market.
Moreover, we have provided a comprehensive analysis of the leading regional markets around the world. Although the market is being headed by developed nations like the US, it is expected that emerging markets will post phenomenal growth in the future.
Our report, “Global Gene Therapy Market Analysis” provides rational analysis of reliable statistics of the global gene therapy industry. The report provides extensive information on the traditional markets and the emerging technologies in the industry. Besides, the report covers market drivers, industrial developments, alliances & acquisitions, and competitive landscape to enable clients understand the market structure and its progress in coming years.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.