The global viral vectors and plasmid DNA manufacturing market was valued at $918.37 million in 2019, and is estimated to reach at $4,978.54 million by 2027, registering a CAGR of 24.9% from 2020 to 2027 The global viral vectors and plasmid DNA manufacturing market is segmented on the basis of product, application, and region On the basis of product, it is divided into plasmid DNA, viral vectors, and non-viral vectors. By application, it is categorized into cancer, inherited disorders, viral infections, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Gene therapies require a viral or non-viral vector to efficiently transfer therapeutic gene into target cells.
Manufacturing of viral vectors and plasmid DNA is based on a unique concept, which states that two people infected with same disease do not have same physical response toward the disease. However, it depends on the surrounding environment and influence of genes and symptoms of a patient. Moreover, it depends on a patient’s ability to respond to a particular disease, which enables doctors and researchers to organize the required treatment. Viral vectors and plasmid DNA manufacturing generally includes use of system biology and panomics to determine the cause of a patient’s illness at the molecular level, followed by the use of concentrated medications to address individual patient’s illness. Furthermore, viral vectors and plasmid DNA can reduce the cost of treatment and help decrease repeated administration of medications.
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The global viral vectors and plasmid DNA manufacturing market is expected to grow at a productive rate during the forecast period. Surge in global incidences of cancer and increase in ageing population susceptible to diseases are expected to boost the demand for viral vectors and plasmid DNA manufacturing. However, high cost associated with gene therapies and risk of mutagenesis & other impediments in gene therapy restrain the market growth. Moreover, government initiatives & grants and surge in investments by private companies on R&D of viral vectors and plasmid DNA manufacturing are expected to boost the market growth.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
? This report entails a detailed quantitative analysis of the current market trends from 2019 to 2027 to identify prevailing opportunities along with strategic assessment of the global viral vectors and plasmid DNA manufacturing market.
? Market size and estimations are based on a comprehensive analysis of end users, developments, and services in the industry.
? An in-depth analysis based on region assists to understand the regional market and facilitates strategic business planning.
? Developmental strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
KEY MARKET PLAYERS
– COGNATE BIOSERVICES, INC.
– CATALENT PHARMA SOLUTIONS
– F. HOFFMANN-LA ROCHE LTD
– FUJIFILM HOLDINGS CORPORATION
– JOHNSON & JOHNSON
– 4D MOLECULAR THERAPEUTICS
– SANOFI CORPORATION
– SIRION BIOTECH GMBH
– VOYAGER THERAPEUTICS
– THERMO FISHER SCIENTIFIC
OTHER MARKET PLAYERS
– CELL AND GENE THERAPY CATAPULT
– UNIQURE
– MASSBIOLOGICS
– RENOVA THERAPEUTICS
– SHENZHEN SIBIONO GENETECH CO., LTD
KEY MARKET SEGMENTS
By Product
– Plasmid DNA
– Viral Vectors
– Non-viral Vectors
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By Application
– Cancers
– Inherited Disorders
– Viral Infections
– Others
?
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Australia
o Japan
o India
o China
o South Korea
o Taiwan
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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