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The market size of the Global Viral and Non-Viral Vector Manufacturing Market in the year 2021 is valued at 5.01 billion and is predicted to reach 23.49 billion by the year 2030 at an 19.04% CAGR during the forecast period.
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The global market for viral vectors and plasmid DNA is expanding due to increased funding for gene therapy research and development and increased knowledge about gene therapy. Rising levels of genetic disorders, cancers, and infectious diseases, an increasing number of clinical investigations, a strong pipeline of gene and cell therapy products, and vector-based vaccines are all driving market expansion. In addition, industry participants are focusing their efforts on the creation of viral vectors for the SARS-CoV-2 vaccine. In the research and development of vaccines against SARS-CoV-2, viral vectors are extensively utilized technologies. Advances in viral vectors and plasmids have resulted from the increased use of viral vectors in various treatments. The low danger of chromosomal integration, limited infection to a broad spectrum of cells, resilience due to process validations, and ease of culture production are all advantages of using viral vectors, which drive their adoption and market expansion.
Furthermore, viral vectors and plasmid DNA can assist lower the cost of treatment and the number of times drugs are administered. Besides, Stringent government regulations for approving any new advancement in the healthcare sector tend to be the main hurdle to the rapid development of viral vectors for various purposes. The requirement for clinical-grade, well-polished final goods has required using extremely complicated techniques. For viral vector enterprises, such high-tech methods require a significant investment during the initial set of production units. However, the high cost of the products hampered the market.
List of Prominent Players in the Viral and Non-Viral Vector Manufacturing Market:
Boehringer Ingelheim
Catalent, Inc.
FUJIFILM Holdings Corporation
Danaher Corporation
Rescript Biotech Corporation
Lonza Group AG
Merck Kagan Inc.
Oxford Biomedical plc
Sartorius AG
Takara Bio Inc.
Thermo Fisher Scientific Inc.
Wuxi Optec
Acuities Therapeutics
Evonik Industries AG
Exiled, Inc.
Entos Pharmaceuticals
Genevant Sciences GmbH
T&T Scientific Corporation
Moderna, Inc.
CureVac N.V
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Market Dynamics:
Drivers-
Virus vectors have been used extensively in investigating and developing vaccines against SARS-CoV-2. The expanding use of viral vectors in various treatments has led to advancements in viral vectors and plasmids. The low risk of chromosomal integration, limited infection to a broad spectrum of cells, process validations’ durability, and ease of culture production are all advantages of using viral vectors, driving their adoption and market expansion. In addition, viral vectors and plasmid DNA can help reduce treatment costs and the number of times medications are given. In addition, industry participants are refocusing their efforts on creating viral vectors for the SARS-CoV-2 vaccine. Viral vectors are extensively utilized in the research and development of vaccines against SARS-CoV-2.
Challenges:
The major hindrance to the rapid development of viral vectors for applications ranging is stringent government requirements for approving every new improvement in the healthcare field. The need for clinical-grade, well-polished end products required the adoption of highly complex procedures. Such high-tech procedures need a significant investment during the initial set of production units for viral vector businesses. However, the market is hampered by the high price of a product.
Regional Trends:
The North America Viral and Non-Viral Vector Manufacturing market is expected to register a significant market share in terms of revenue and is projected to grow at a high CAGR soon. Due to an elevated cancer prevalence rate and sophisticated healthcare services, The North American market is expected to benefit from the adoption of experimental medications and increased awareness about gene therapy. Due to growing urbanization, rising disposable income, and a spike in government measures to improve healthcare infrastructure, Asia-Pacific is predicted to develop at the fastest CAGR during the forecast period. The demand for viral vector goods has risen significantly as governments in Asia Pacific countries boost their investments in biotech and disease diagnosis regional research facilities.
Recent Developments:
February 2022 – AGC Biologics, a prominent global Contract Development and Manufacturing Organization, announced the expansion of its collaboration to supply more plasmid DNA starting material for the Pfizer-BioNTech COVID-19 vaccine Comirnaty at the firm’s Heidelberg facility.
September 2021- AGC Biologics has announced the expansion of its Heidelberg facility to produce the latest plant for boosting manufacturing capabilities for its plasmid-DNA (pidan)messenger and RNA (mRNA) projects.
Segmentation of Viral and Non-Viral Vector Manufacturing Market-
“By Vector Type
By Disease
By Application
Cell Therapy
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
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