Viral Vector & Plasmid DNA Manufacturing Market is Estimated to Observe Considerable Growth during the Forecast Period, observes TMR Report

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Aug 02, 2022, 09:30 ET

Due to increased investment by biotech businesses in vector-based technologies, the category of biotech companies is expected to experience substantial growth.
In the forthcoming years, the plasmid DNA category is anticipated to rise as a result of technical developments in plasmid DNA synthesis and rising public awareness of gene therapy

WILMINGTON, Del., Aug. 2, 2022 /PRNewswire/ -- The revenue of viral vector & plasmid DNA manufacturing market and forecast data have been presented for each category of the global viral vector & plasmid DNA manufacturing market. In addition to that, the CAGRs of the various market segments of the viral vector & plasmid DNA manufacturing business have been presented for the years 2019 through 2027, with 2018 serving as the base year.

The plasmid DNA category is one of the key market segments in viral vector & plasmid DNA manufacturing and it held a significant market share in terms of type in 2018. The expansion of the plasmid DNA market is anticipated to be driven by an increase in consumer awareness of gene therapy and technical developments in the synthesis of plasmid DNA during the forecast timeframe. Growth of this segment is expected to drive market demand for viral vector & plasmid DNA manufacturing.

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Key Findings of Market Report

The disease segment that accounted for the biggest revenue share in 2018 was cancer. The rising incidence of cancer and growing adoption of gene therapy as a cancer treatment option are contributing factors for the expansion of the segment.
In terms of end-users, the biotech companies category accounted for a significant market share in 2018. This category is predicted to present largest opportunity for viral vector & plasmid DNA manufacturing during the forecast period. Due to the substantial investment made by biotech firms in vector-based technologies as well as the increasing need for innovative treatments, the segment of biotech companies is expected to rise significantly.
In terms of application, in 2018, the gene therapy category held the major market share in the global viral vector & plasmid DNA manufacturing market. The segment's expansion can be ascribed to a strong product pipeline as well as a rise in the number of firms developing vector-based solutions for gene therapies. Growing popularity of gene therapy is expected to drive viral vector & plasmid DNA manufacturing market expansion in the years to come.

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Global Viral Vector & Plasmid DNA Manufacturing Market: Key Players

Some of the key market players are

FUJIFILM Diosynth Biotechnologies, Inc.
Cell and Gene Therapy Catapult
Spark Therapeutics, Inc.
Novasep, Inc.
Kaneka Eurogentec S.A.
Merck KGaA

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Global Viral Vector & Plasmid DNA Manufacturing Market: Segmentation

Type

Lentivirus
Adenovirus
Adeno-associated Virus (AAV)
Plasmid DNA
Others

Application

Gene Therapy
Vaccinology
Others

Disease

Genetic Disorders
Cancer
Infectious Diseases
Others

End User

Biotech Companies
Research Institutes

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