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Report Overview

The global cancer gene therapy market was valued at USD 4.64 Billion in 2024 driven by the advancements in immune-oncology therapies across the globe. It is expected to grow at a CAGR of 18.90% during the forecast period of 2025-2034 and attain a market value of USD 26.20 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The increasing use of personalized therapies and advancements in gene-editing technologies such as CRISPR-Cas9 are driving the market, improving treatment accuracy and results.

  • Collaborations between biotech and pharmaceutical companies are focused on speeding up the progress of cancer gene therapy, showing a teamwork strategy to tackle unmet medical needs and boost market growth.

  • North America is leading the market, owing to its strong R&D infrastructure, government support, and the presence of major companies, which all contribute to a favorable environment for innovation.

Compound Annual Growth Rate

Value in USD Billion

18.9%

2025-2034


Cancer Gene Therapy Market Outlook

*this image is indicative*

Global Cancer Gene Therapy Market Overview

Cancer gene therapy works by changing and substituting defective genes to treat or prevent cancer. The market is experiencing rapid growth, driven by CRISPR-9, rising cancer rates, and advancements in personalized medicine. Other market trends involve the integration of AI for enhanced diagnosis and increased funding to promote innovation. These various characteristics are expanding the market by offering effective solutions for previously unaddressed needs, which in turn improves research and development and promotes commercialization.

Global Cancer Gene Therapy Market Growth Drivers

Rising Prevalence of Cancer Drives Market Growth

Due to the rising number of cancer cases worldwide, there is a growing need for new, advanced treatments. According to the American Cancer Society, 1,958,310 new cancer cases were detected, and 609,820 cancer fatalities took place in the United States in 2023. Gene therapy provides personalized and targeted treatments, addressing areas where traditional therapies are ineffective. Hence, the increasing number of patients is boosting market growth by motivating research and development as well as commercialization activities.

Global Cancer Gene Therapy Market Trends

Global Cancer Gene Therapy Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Therapy Type

  • Gene Transfer
  • Gene Induced Immunotherapy
  • Oncolytic Virotherapy
  • Others

Market Breakup by Indication

  • Breast Cancer
  • Ovarian Cancer
  • Pancreatic Cancer
  • Lung Cancer
  • Liver Cancer
  • Prostate Cancer
  • Others

Market Breakup by End User

  • Hospitals
  • Cancer Centers
  • Research and Academic Institutes
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Cancer Gene Therapy Market Share

Market Segmentation Based on the Indication Set to Witness Substantial Growth

Based on indication, the market is segmented into breast cancer, ovarian cancer, pancreatic cancer, lung cancer, liver cancer, prostate cancer, and others. Among these, breast cancer is the leading cancer type in the market because of its rising global incidence and the growing emphasis on targeted therapy solutions. Gene therapies for breast cancer target genetic mutations, providing personalized and efficient treatments. This led to significant funding in R&D, leading to many clinical trials and approvals.

Global Cancer Gene Therapy Market Analysis by Region

Regionally, the market report offers an insight into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Among these, North America is projected to lead the market due to the presence of large pharmaceutical companies and significant healthcare spending. Strong research endeavors and support from the government for cancer research are helping to grow the local market.

Leading Players in the Global Cancer Gene Therapy Market

The key features of the market report include patent analysis, clinical trials analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies are:

Bristol-Myers Squibb Company

Based in New York, the company holds a significant presence in the immuno-oncology research domain. One of their notable products include Abecma (idecabtagene vicleucel) is a CAR T-cell therapy approved for treating relapsed or refractory multiple myeloma in the field of cancer gene therapy.

Elevate Bio Inc.

Elevate Bio Inc. is an international biotech corporation that focuses on cell and gene treatments. The headquarters of the company are in Massachusetts. Their main priority is to create and produce groundbreaking treatments for a range of illnesses, such as cancer. ElevateBio works with various partners to progress gene therapies for various types of cancer, utilizing their knowledge in gene editing and cell engineering.

Abeona Therapeutics Inc.

The company was established in New York and is in the process of creating cell and gene therapies for severe illnesses as a clinical-stage biopharmaceutical firm. Their lineup consists of experimental gene therapies for uncommon genetic disorders and specific cancers, making use of their proficiency in adeno-associated virus (AAV) vector technologies to create focused treatments.

Bluebird Bio Inc.

Bluebird Bio Inc. is an international biotech company headquartered in Massachusetts. In partnership with Bristol-Myers Squibb, they have created CAR T-cell treatments that focus on cancer markers, such as idecabtagene vicleucel (Abecma), to address multiple myeloma.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other companies include Asklepios BioPharmaceutical Inc., NantKwest, Inc., Glaxo Smith Kline Inc., and Genelux Corporation.

Key Questions Answered in the Global Cancer Gene Therapy Market

  • What was the global cancer gene therapy market value in 2024?
  • What is the global cancer gene therapy market forecast outlook for 2025-2034?
  • What are the regional markets covered in the EMR report?
  • What is the market segmentation based on the therapy type?
  • What is the market breakup based on the indication?
  • What is the market breakup based on the end user?
  • What are the major factors aiding the cancer gene therapy market demand?
  • What are the market's major drivers, opportunities, and restraints?
  • Which regional market is expected to lead the market share in the forecast period?
  • Which country is expected to experience expedited growth during the forecast period?
  • What are the major cancer gene therapy market trends?
  • How does the rise in the geriatric population impact the market size?
  • Who are the key players involved in the cancer gene therapy market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?
  • How does oncolytic virotherapy work in treating cancer?
  • Which cancer indication dominates the cancer gene therapy market?
  • Why are hospitals significant end-users of cancer gene therapy?
  • How is the Asia Pacific region contributing to the growth of the cancer gene therapy market?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Therapy Type
  • Indication
  • End User
  • Region
Breakup by Therapy Type
  • Gene Transfer
  • Gene Induced Immunotherapy
  • Oncolytic Virotherapy
  • Others
Breakup by Indication
  • Breast Cancer
  • Ovarian Cancer
  • Pancreatic Cancer
  • Lung Cancer
  • Liver Cancer
  • Prostate Cancer
  • Others
Breakup by End User
  • Hospitals
  • Cancer Centers
  • Research and Academic Institutes
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Abeona Therapeutics Inc.
  • Asklepios BioPharmaceutical Inc.
  • NantKwest, Inc.
  • Bluebird bio Inc.
  • Bristol-Myers Squibb
  • Elevate Bio Inc.
  • Glaxo Smith Kline Inc.
  • Genelux Corporation

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