Viral Vector and Plasmid DNA Manufacturing Market To Rear Excessive Growth During 2021 And Forecast 2027
The grants and approval received from the government and regulating associations, as well as the growing private investment companies for R&D activities are surging the global viral vector and plasmid DNA manufacturing market growth over the forecast period. The viral vector assists in transferring genetic material (DNA) into target cells and thus, applicable in various therapeutic areas.
Key Insights:
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Future Outlook of the Market
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Competitve Landscape:
Key players in the global viral vector and plasmid DNA manufacturing market include Sigma-Aldrich Co. LLC, Lonza Group AG, AveXis Inc., VGXI, Inc., Cobra Biologics and Pharmaceutical Services, Thermo Fisher Scientific Inc., Sanofi, FinVector Vision Therapies, SIRION Biotech GmbH, and FUJIFILM Diosynth Biotechnologies U.S.A., among others.
The viral vector and plasmid DNA manufacturing market players are implementing several business strategies including acquisition, merger, partnership, as well as new product development, etc. For instance, in March 2019, Brammer Bio engaged in viral vector and plasmid DNA manufacturing was acquired by Thermo Fisher Scientific Inc.
Market Taxonomy:
By Vector Type
Plasma DNA
Viral Vector
Adenoviral Vectors
Retroviral Vectors
Lentiviral Vectors
Others
Non-viral DNA Vectors
By Applications
Inherited Disorders
Cancer
Infectious Diseases
Other Applications
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Market Dynamics:
The rise in the incidence of cancer and other related diseases along with growth in the geriatric population is generating the demand for viral vector and plasmid DNA manufacturing market in the coming years. The viral vectors can be prominently used for the development of vaccination against pathogens such as Plasmodium falciparum, Mycobacterium tuberculosis, HIV, and others. Enhancing levels of clinical development and the evolution of products into late-phase clinical studies results in an inevitable requirement for large amounts of plasmid DNA to be produced at larger manufacturing scales. For instance, in July 2020, Cobra Biologics produced and supplied DNA plasmid for the development of CombiGene’s gene therapy drug candidate CG01. However, expensive clinical trials for vector production are restraining market growth.
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