Gene Therapy Market Size

Gene Therapy Market size was over USD 9.4 Billion in 2023 and is expected to reach USD 98.4 Billion by the end of 2036, witnessing around 19.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gene therapy is evaluated at USD 11.2 Billion.

The market is expanding due to the rise in cancer patients and deaths associated with the disease highlighting the need for effective therapeutic alternatives. The World Health Organization predicts that there will be over 35 million new cases of cancer in 2050, up 77% over the 20 million cases expected in 2022. Furthermore, WHO anticipated that high HDI nations will see the most absolute increases in incidence, with an extra 4.8 million new cases estimated in 2050 compared to estimates for 2022.