Cell, gene therapy to rule pharma sector in 2024: Report
The report estimates that the global CGT market is projected to reach $80 billion by 2029.;
New Delhi: Cell and gene therapy (CGT) will have the greatest impact on the pharmaceutical industry in 2024, according to a report on Thursday.
The report by GlobalData, a data and analytics company, is based on a survey of 115 healthcare industry professionals.
It revealed that 18 per cent of industry professionals were convinced that CGT will dominate as the most important trend in pharma next year. This was followed by personalised/precision medicine (16 per cent).
"Cell and gene therapies are gradually becoming more important focus areas within the healthcare industry and their full potential is still unrealised. While this is a relatively new area, with the first autologous dendritic cell therapy Provenge approved in 2010 for prostate cancer, these therapies promise life-changing treatments for a broad spectrum of complex diseases ranging from genetic conditions to cancers," said Urte Jakimaviciute, Senior Director of Market Research at GlobalData, in a statement.
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