Market Industry Reports (MIR) has published a new report titled “Viral Vector Manufacturing Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global viral vector manufacturing market accounted for over US$ 350 million in 2019. It is anticipated to grow at a CAGR of 15.2% from 2020 to 2030.
The growth of the viral vector manufacturing market can be attributed to several factors such as increased incidences of infectious diseases, increased utilization of viral vectors to develop gene therapies and vaccines, and increased support & investments in gene therapies and vaccines. However, challenges associated with viral vector production & manufacturing, the presence of stringent regulatory policies, and risks associated with viral vectors may hamper the growth of the vector industry over the forecast period.
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Major Players in Viral Vector Manufacturing Market are:
The prominent players in the viral vector manufacturing market are Spark Therapeutics, Inc., Brammer Bio, Merck KGaA, Lonza, Oxford BioMedica, uniQure, CGT Catapult, Novasep, Creative Biogene, and Thermo Fisher Scientific Inc., among others.
Due to the increasing incidences of various life-threatening diseases, such as diabetes, heart diseases, HIV, cancer, and hemophilia A, the development of therapies involving viral vectors is in high demand. Scientists utilize viral vectors to establish curative medicines for cancers including prostate cancer, skin melanoma, lung & bronchial cancer, and others. This is because viral vectors are a promising method for vaccine production and gene therapy. Thus, the rising prevalence of chronic diseases during the forecast period will contribute to the growing global demand for viral vectors at a CAGR of over 15 percent.
The utilization of viral gene transfer vectors has expanded due to the acceptance of treatments, the introduction of late-stage clinical trials to treat genetic defects & various types of cancer, and the need for vaccinations to prevent infectious diseases. With growing interest around viral vectors and their widespread adoption by biopharmaceutical industries, there is an imperative on engineering safer & more efficacious vectors and cost-effective production platforms for industrialization. Additionally, adeno-associated virus vectors are among the most widely utilized in vivo gene therapy virus vectors since they can transduce non-dividing and dividing cells, further contributing to long-term and stable transgene expression. This trend will have a positive effect on the overall growth of the sector.
The global Viral Vector Manufacturing Market can be segmented as:
By Type :
- Adenoviral Vectors
- Retroviral Vectors
- Adeno-associated Viral Vectors
- Gene Therapy
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North America will hold a major market share during the forecast period. It is primarily due to advancements in medical treatment practices and increasing healthcare spending by countries in the region. Additionally, the Alliance for Cancer Gene Therapy (ACGT) is a U.S. public charity foundation that offers support for progress from laboratory to clinical trials of cancer gene therapies.
The Research Provides Answers To The Following Key Questions:
1.To categorize and examine the worldwide Viral Vector Manufacturing Market status and future figure comprising, manufacture, utilization, income, record and assumption.
2.To introduce the key Viral Vector Manufacturing Market makers to the readers, manufacture, piece of the pie, income, SWOT analysis and improvement models in the years to come.
3.To divide categorization information by region, product type, manufacturers and applications, and end users.
4.To categorize the worldwide and major areas marketing potential and favored position, opportunities and challenges, limitations and threats.
5.To differentiate remarkable patterns, drivers, impacting factors, on the global scale and districts.
6.To purposely investigate each sub-segment regarding standalone development pattern and their contribution to the industry.
7.To categorize major advancements, for instance, understandings, developments, dispatching of new items, and mergers and acquisitions in the industry.
Table of Content
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecast Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottom Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecast Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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