In 2022, the global Viral Vector Manufacturing Market reached a size of USD 985.6 Million, and according to the latest report by Reports and Data, it is projected to achieve a remarkable 28% revenue Compound Annual Growth Rate (CAGR) throughout the forecast period.
Viral vectors are in high demand within the realm of gene therapy, as they play a pivotal role in transferring genetic material into specific cells. This facilitates the production of deficient or insufficient proteins linked to hereditary conditions. Additionally, viral vectors are extensively applied in immunotherapy, an approach to cancer treatment focused on boosting the immune system’s capacity to identify and combat cancer cells. Furthermore, there is a growing emphasis on utilizing viral vectors in the development of vaccines for combating infectious diseases, a sector that has garnered significant attention recently.
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With the increasing utilization of viral vector-based therapeutics, there has been a notable upswing in investments aimed at creating new manufacturing methods to meet the rising demand. The growth in market revenue can be attributed to the discovery of innovative viral vectors and modified versions of existing ones, designed to enhance effectiveness while minimizing toxicity. Furthermore, the emergence of new technologies like continuous bioprocessing and single-use systems is expected to further drive the growth of market revenue.
Key players in the Viral Vector Manufacturing Market:
- Thermo Fisher Scientific
- Lonza Group
- Merck KGaA
- FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
- Cobra Biologics
- Oxford Biomedica
- uniQure N.V.
- CGT Catapult
- Genezen Laboratories
- Waisman Biomanufacturing
Some Key Highlights in the Report:
- In 2022, the adenovirus sector stood out as the top revenue generator. Adenovirus vectors are widely employed in gene therapy and vaccination applications due to their capacity to efficiently infect various cell types and trigger strong immune responses. These vectors have been utilized in numerous clinical trials for gene therapy, addressing conditions like cystic fibrosis, heart disease, and specific cancer types.
- In the anticipated period, the cancer segment is poised to secure the largest revenue share. Viral vectors are increasingly harnessed in the field of cancer therapy because they can selectively target and eliminate cancerous cells while sparing healthy ones. Within the realm of cancer treatment, oncolytic viruses are gaining momentum as they are designed to replicate within cancer cells, ultimately leading to their destruction. These vectors act as carriers for therapeutic genes or anti-cancer substances, effectively eradicating malignant cells. The rising incidence of cancer and the demand for more effective treatments are expected to drive revenue growth in this sector.
- In 2022, the North American market emerged as the leader in terms of revenue share. The production of viral vectors in North America is rapidly expanding, particularly in the United States. The market’s revenue growth is fueled by the presence of esteemed pharmaceutical and biotechnology companies, increased funding for gene therapy research, and supportive government policies promoting Research and Development (R&D) initiatives within the region. The National Institutes of Health (NIH) and the Food and Drug Administration (FDA) actively support the financing and regulatory approvals for gene therapy studies using viral vectors, further boosting revenue growth in the viral vector manufacturing market in North America.
- In the Asia Pacific region, the market is expected to demonstrate the highest Compound Annual Growth Rate (CAGR) in revenue during the forecast period. The market’s growth is attributed to the growing demand for gene therapy, increased public awareness of rare genetic disorders, and advancements in the healthcare system. Countries such as Japan, China, and India are emerging as significant players in the viral vector manufacturing market within the Asia Pacific region. In Japan, several biotechnology firms are actively involved in the development and commercialization of gene therapies.
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For the purpose of this report, Reports and Data has segmented the global viral vector manufacturing market on the basis of Vector Type Outlook, Disease Outlook, Application Outlook, and Regional Outlook:
Vector Type Outlook (Revenue, USD Million; 2022 – 2032)
- Adenovirus
- Retrovirus
- Lentivirus
- Adeno-associated virus
- Others
Disease Outlook (Revenue, USD Million; 2022 – 2032)
- Cancer
- Genetic Disorders
- Infectious Diseases
- Others
Application Outlook (Revenue, USD Million; 2022 – 2032)
- Gene Therapy
- Vaccination
- Cell Therapy
- Others
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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