Viral Vector and Plasmid DNA Manufacturing Industry Research Report 2023 - Global Forecast to 2028 - Ongoing Research on Viral Vector-Based Cell and Gene Therapies to Drive Growth
The global viral vector and plasmid DNA manufacturing market is projected to reach USD 12.8 billion by 2028 from USD 5.5 billion in 2023, at a CAGR of 18.2%
The growth of this market can be attributed to the availability of funding for the development of gene therapy. Gene therapy is a rapidly growing field, and funding is needed for research and development, clinical trials, and manufacturing.
For instance, in December 2022, SonoThera, a biotechnology company announced the completion of its USD 60.75 million Series A financing round. The financing will support the continued development of SonoThera's ultrasound-guided, nonviral, gene therapy platform and treatments, designed to provide patients with genetic medicines.
The vector amplification, editing, and expansion segment accounted for the largest share by the upstream manufacturing process during the forecast period
In 2022, the vector amplification, editing and expansion segment accounted for the largest share by upstream manufacturing process in the global viral vector and plasmid DNA manufacturing market. Vector amplification, editing, and expansion are critical steps in viral vector and plasmid DNA manufacturing as they directly impact the quantity, quality, and functionality of the vectors.
The pharmaceutical and biopharmaceutical industry is witnessing significant advancements, particularly in the development of novel therapeutics and vaccines. Viral vectors and plasmid DNA are crucial tools for delivering therapeutic genes or vaccine antigens.
The demand for vector amplification, editing, and expansion is driven by the need to produce a diverse range of viral vectors and plasmid DNA for various therapeutic and vaccine candidates.
Europe: The second largest region in the viral vector and plasmid DNA manufacturing market
Europe accounted for the second-largest market for viral vector and plasmid DNA manufacturing market after North America. The European viral vector and plasmid DNA manufacturing market has witnessed significant growth in recent years, driven by various factors that have propelled its expansion.
Europe is at the forefront of developing and adopting emerging technologies in the field of viral vector and plasmid DNA manufacturing market. This includes advancements in viral vector and plasmid DNA manufacturing technologies. The adoption of these innovative technologies accelerates the progress of viral vector and plasmid DNA manufacturing research and expands its applications.
Additionally, Europe offers comprehensive training and education programs in viral vector and plasmid DNA manufacturing. Universities, research institutes, and organizations provide funding, and conferences to enhance the knowledge and skills of scientists and researchers.
The availability of funding promotes the adoption and utilization of viral vector and plasmid DNA manufacturing technologies in Europe.
Key Attributes:
Report Attribute
Details
No. of Pages
317
Forecast Period
2023 - 2028
Estimated Market Value (USD) in 2023
$5.5 Billion
Forecasted Market Value (USD) by 2028
$12.8 Billion
Compound Annual Growth Rate
18.2%
Regions Covered
Global
Premium Insights
Ongoing Research on Viral Vector-Based Cell and Gene Therapies to Drive Market
Products Segment in US Accounted for Largest Market Share in 2022
Products Segment to Witness Highest Growth Rate During Forecast Period
Pharmaceutical & Biopharmaceutical Companies Segment Accounted for Largest Market Share in 2022
China to Register Highest CAGR During Forecast Period
Market Dynamics
Drivers
Rising Prevalence of Genetic Disorders, Cancer, and Infectious Diseases
Availability of Funding for Development of Gene Therapy
Effectiveness of Viral Vectors
Ongoing Research on Viral Vector-Based Gene and Cell Therapies
Restraints
High Operational Costs Associated with Cell and Gene Therapy Manufacturing
Short Shelf Life of Viral Vectors
Opportunities
Smart Capital Deployment and Planning for Scalability
Leveraging Digital Tools to Facilitate Operational Excellence
Challenges
Risk of Mutagenesis and Other Unwanted Outcomes
Individual Optimization and Low Yield
Indicative Pricing Analysis
Value Chain Analysis
Value Chain Analysis: Manufacturing Phases Add Maximum Value
Ecosystem Analysis
Technology Analysis
Examples of Advanced Products/Platforms
Patent Analysis
Top Patent Owners in Viral Vector and Plasmid DNA Manufacturing Market, January 2014 to January 2023
Examples of Recent Patent Activity in Viral Vector and Plasmid DNA Manufacturing Market
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
