The gene therapy market in Spain is expected to reach a projected revenue of US$ 667.6 million by 2030. A compound annual growth rate of 20.8% is expected of Spain gene therapy market from 2024 to 2030.
The Spain gene therapy market generated a revenue of USD 178.2 million in 2023 and is expected to reach USD 667.6 million by 2030.
The Spain market is expected to grow at a CAGR of 20.8% from 2024 to 2030.
In terms of segment, aav was the largest revenue generating vector type in 2023.
AAV is the most lucrative vector type segment registering the fastest growth during the forecast period.
Gene therapy market data book summary
Market revenue in 2023
USD 178.2 million
Market revenue in 2030
USD 667.6 million
Growth rate
20.8% (CAGR from 2024 to 2030)
Largest segment
Aav
Fastest growing segment
AAV
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Lentivirus, AAV, RetroVirus & gamma RetroVirus, Modified Herpes Simplex Virus, Other Vector Type
Key market players worldwide
Regenxbio Inc, Oxford Biomedical Research, Bristol-Myers Squibb Co, Sanofi SA, Ultragenyx Pharmaceutical Inc, Roche Holding AG ADR, Bluebird bio Inc, Novartis AG ADR, UniQure NV, Cellectis SA, Sangamo Therapeutics Inc, Benitec Biopharma Inc, SiBiono GeneTech, Transgene SA, Gensight Biologics SA, Astellas Pharma Inc
Other key industry trends
In terms of revenue, Spain accounted for 2.1% of the global gene therapy market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, UK gene therapy market is projected to lead the regional market in terms of revenue in 2030.
UK is the fastest growing regional market in Europe and is projected to reach USD 2,470.1 million by 2030.
Spain is gaining popularity in gene therapy research due to the expansion of major players within the country. For instance, in July 2021, Pfizer announced that it will be setting up a biotechnology plant focusing on the distribution of genetic therapies in Europe.
This initiative was undertaken specifically to advance treatment options for rare genetic diseases. With the growing demand for advanced therapy products in the country, several companies and clinics are entering the Spain market.
For instance, in October 2019, VIRALGEN opened a new manufacturing plant for gene therapy in the country. This plant is expected to be one of the most modern in Europe. VIRALGEN is a leading manufacturing partner in Spain, and in September 2020, the company signed a production agreement with CombiGene AB for manufacturing CG01—a gene therapy product for the treatment of drug-resistant focal epilepsy.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Gene Therapy Market Outlook will help companies and investors design strategic landscapes.
Aav was the largest segment with a revenue share of 38.83% in 2023.
Horizon Databook has segmented the Spain gene therapy market based on lentivirus, aav, retrovirus & gamma retrovirus, modified herpes simplex virus, other vector type covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is gaining popularity in gene therapy research due to the expansion of major players within the country. For instance, in July 2021, Pfizer announced that it will be setting up a biotechnology plant focusing on the distribution of genetic therapies in Europe.
This initiative was undertaken specifically to advance treatment options for rare genetic diseases. With the growing demand for advanced therapy products in the country, several companies and clinics are entering the Spain market.
For instance, in October 2019, VIRALGEN opened a new manufacturing plant for gene therapy in the country. This plant is expected to be one of the most modern in Europe. VIRALGEN is a leading manufacturing partner in Spain, and in September 2020, the company signed a production agreement with CombiGene AB for manufacturing CG01—a gene therapy product for the treatment of drug-resistant focal epilepsy.
Spain Gene Therapy Market Vector Type Outlook (Revenue, USD Million , 2018-2030)
Lentivirus
AAV
RetroVirus & gamma RetroVirus
Modified Herpes Simplex Virus
Adenovirus
Non-viral Plasmid Vector
Other Vector Type
Spain Gene Therapy Market Indication Outlook (Revenue, USD Million , 2018-2030)
Acute Lymphoblastic Leukemia (ALL)
Inherited Retinal Disease
Large B-cell Lymphoma
ADA-SCID
Melanoma (lesions)
Beta-Thalassemia Major/SCD
Head & Neck Squamous Cell Carcinoma
Peripheral arterial disease
Spinal Muscular Atrophy (SMA)
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain Gene Therapy Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Spain Gene Therapy Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.