Genetic Engineering Drug Market

Global Genetic Engineering Drug Market Size, Share and Trends Analysis Report, By Product (Monoclonal Antibody, Recombinant Human Erythropoietin, Recombinant Human Interferon, Recombinant Human Growth Hormone and Recombinant Human Insulin), By Application (Less Than 30 Years Old, 30 Years-60 Years Old and Above 60 Years Old), Forecast (2022-2028)
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2026101 | Category : Pharmaceuticals | Delivery Format: /

The global genetic engineering drug market is anticipated to grow at a significant CAGR 18.1% during the forecast period (2022-2028). Genetic engineering drugs include hormones, enzymes, growth and coagulation factors, antibodies as well as vaccines and are generated by using recombinant DNA technology. Additionally, they are categorized by high and specific activity in the presence of optimal safety. The major factor driving the demand for the genetic engineering drug is the new drug launches and strategic initiatives from the key players in the market across the globe. 

For instance, in December 2021, GlaxoSmithKline plc announced a five-year collaboration with Lyell Immunopharma. The collaboration was aimed to develop new technologies to improve cell therapies for cancer patients and will apply Lyell’s technologies to further strengthen GSK’s cell therapy pipeline which includes GSK3377794. GSK3377794 uses genetically engineered autologous T cells and is currently in Phase 2. Additionally, in January 2022, Pfizer Inc. announced an exclusive four-year research collaboration with Beam Therapeutics Inc. The collaboration is focused on in vivo base editing programs for three targets for rare genetic diseases of the liver, muscle and central nervous system

Some major players in the market include Pfizer Inc., GlaxoSmithKline plc, and Eli Lilly and Co., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2022, Eli Lilly and Company announced the launch of the Lilly Institute for Genetic Medicine. Additionally, the company announced an investment of approximately $700 million to establish a state-of-the-art facility at a new site in the Boston Seaport.

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Product

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Pfizer Inc., GlaxoSmithKline plc, and Eli Lilly and Co., among others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Genetic Engineering Drug Market Report by Segment

By Product

Monoclonal Antibody

Recombinant Human Erythropoietin

Recombinant Human Interferon

Recombinant Human Growth Hormone

Recombinant Human Insulin

By Application

Less Than 30 Years Old

30 Years-60 Years Old

Above 60 Years 

Global Genetic Engineering Drug Market Report by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa

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