Why will Demand for Gene Therapy Skyrocket in Asia-Pacific in Future?

 The rising prevalence of chronic diseases such as cancer and various rare diseases is pushing up the demand for gene therapy across the world. This is because gene therapies can treat various rare diseases, especially the ones that are caused because of genetics. 

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/gene-therapy-market/report-sample

Similarly, the country witnessed a sharp rise in cancer mortality, from 595,690 to 606,880 from 2016 to 2019. This caused a huge upswing in the popularity of gene therapy in the country. At present, the advancement of the gene therapy industry is being affected by the high production costs, long lead times, high capital demands, and low production volumes. This is boosting the demand for automation in manufacturing operations, which helps companies overcome these constraints. 

There are mainly two types of gene therapies performed namely in vivo and ex vivo. Between the two, the popularity of the in vivo gene therapy was found to be higher in the past years. This was because this method is less complicated to perform than the ex vivo one. In the ex vivo technique, the cells are required to be first taken out of the body and then artificially manipulated before put back inside the body. 

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=gene-therapy-market

Because of the above-mentioned reason, the in vivo approach was usually preferred over the ex vivo one. Globally, the gene therapy market is predicted to demonstrate the highest growth rate in Asia-Pacific (APAC) in the forthcoming years, mainly because of the availability of affordable labor, the surging activities of leading gene therapy organizations, and the emergence of several group investors in the region. Additionally, many regional countries are enacting policies for regulating the approval processes of various gene therapy products.

Comments

Post a Comment

Popular posts from this blog

Huge Growth Expected in Dermacosmetics Market in Future

Image
 The cosmetic industry, while mostly misunderstood as dealing with just the aesthetic appearance, has been undergoing technological advancements and moved beyond face creams and face powders since a long time now. Other than this, the prevalence of skin diseases is also rising across the globe and it has been shown by the Global Burden of Disease project that skin diseases are the 4th leading cause of nonfatal disease burden globally. Moreover, understanding the impact of skin diseases is important as in some cases skin conditions often represent a more severe systemic illness, such as human immunodeficiency virus and neglected tropical diseases.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/dermacosmetics-market/report-sample Attributed to these reasons, the development of dermacosmetics has been made possible. These products are crucial now in the branch of dermatology as they combine cosmetics and scientific techniques for the management of a
Read more

Increasing Occurrence of Spinal Cord Injuries Powering Sales of Exoskeletons

Image
The growing prevalence of stroke and spinal cord injuries (SCIs) is fueling the surge in the demand for exoskeletons in several healthcare settings such as rehabilitation centers across the world. In the healthcare industry, exoskeletons are used for helping paralyzed patients walk. For example, as per the National Spinal Cord Injury Statistical Center (NSCISC), in the U.S., there are around 54 cases of SCIs per one million people, or nearly 17,730 new SCI cases are reported every year. Furthermore, in the U.S., the average number of people suffering from spinal cord injuries is 291,000, with various individual estimates falling in the range of 249,000–363,000. The surging geriatric population in several countries is also fueling the demand for exoskeletons. As per the World Population Ageing 2019 report published by the UN, the total number of people in the age bracket- 65 years or above across the world was 703 million in 2019. Moreover, the public awareness about exoskeletons and th
Read more

Why is Population Health Management Market Expected to Boom in North America in Future?

Image
 The soaring global geriatric population, which is expected to reach at least 1.5 billion by 2050, according to the World Health Organization (WHO), is a key factor responsible for the rise in the demand for population health management (PHM). Elderly people require extensive care as they are more susceptible to diseases, especially chronic diseases, such as cancer and cardiovascular ailments, owing to their low immunity levels and high recovery periods. This causes a huge increase in the demand for better prevention, diagnosis, and treatment processes. In addition to this, older people also have a greater requirement for personalized medicine, because of their increased susceptibility to drug allergy, thereby boosting the demand for population health management. Receive Sample Copy of this Report:  https://www.psmarketresearch.com/market-analysis/population-health-management-market/report-sample The other important factors bolstering the demand for PHM are the increasing healthcar
Read more