The rise in prevalence of cancer, inherited disorders, viral infections, Alzheimer’s, Parkinson’s, rheumatoid arthritis are the major growth factors for viral vector and plasmid DNA assembleing market. Besides, the growing number of gene modified therapies like Yescarta and Kymriah are also fueling the market growth.
According to the current analysis of Reports and Data, the global Viral Vector and Plasmid DNA assembleing market is expected to reach USD 4.70 billion by the year 2028, with a CAGR of 23.8% during the forecast period. Viral and non-viral vectors have emerged as an efficient delivery mechanism for the development of innovative medicines. Viral vectors and plasmid DNA are products of gene therapy, which are used for the treatment of a large number of diseases such as cancer and other chronic disorders. The advantages of gene vaccines and gene therapy over conventional vaccines and therapies include the ability to induce a wide range of immune response types. The major driving factors that are boosting the growth of Viral Vector and Plasmid DNA assembleing market are the global rise in the incidence of cancer, increase in geriatric population susceptible to diseases, government initiatives grants and the increase in investment by private companies on RD activities of viral vectors and plasmid DNA assembleing.
Viral vectors and plasmid DNA can reduce the cost of treatment and help to decrease the repeated administration of medications. Manufacturers in the Viral Vector and Plasmid DNA assembleing market are increasing the strategic business expansion activities through merger and acquisitions to increase their customer base and enhance the product portfolio which supports the growth of the target market. For instance, In 2019 Aldevron a US based company entered into a long term agreement with Sarepta Therapeutics, Inc., a leader in precision genetic medicine for rare diseases. In this agreement, Aldevron will supply plasmid DNA to fulfill Sarepta's needs for its gene therapy clinical trials and commercial supply. According to an article published by Human Gene Therapy, the acceptance of gene therapy for severe disorders, such as Alzheimer Disease, is high as compared to less severe disease, such as attention deficit hyperactivity disorder. Factors, such as technological advancements to mitigate challenges posed by conventional methods of vector production, increase in the number of clinical studies, and a growing number of gene therapy candidates, coupled with their rapid progression through various phases of clinical development, are primarily driving the demand for viral vector and plasmid DNA assembleing market. However, high costs associated with gene therapies is slated to impede the growth of the viral vector and plasmid DNA assembleing market. Conversely, the surge of the personalized medicine industry is anticipated to provide stellar growth opportunities to the viral vector and plasmid DNA assembleing market.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
FUJIFILM Diosynth Biotechnologies, Kaneka Eurogentec S.A, Fin vector, Spark therapeutics, Cobra biologics, Cell and gene therapy catapult, Renova Therapeutics, Shenzhen SiBiono GeneTech Co., Ltd, Thermo Fisher Scientific, Inc, 4D Molecular Therapeutics
Market Segmentation by Types:
By Product (Revenue, USD Million; 2018-2028)
- Plasmid DNA
- Viral Vectors
- Non-viral Vectors
By Workflow (Revenue, USD Million, 2018 - 2028)
- Upstream Processing
- Vector Amplification Expansion
- Vector Recovery/Harvesting
- Downstream Processing
- Purification
- Fill-finish
By Disease (Revenue, USD Million; 2018-2028)
- Cancer
- Inherited Disorders
- Viral Infections
- Others
By Application (Revenue, USD Million, 2018-2028)
- Antisense, RNAi, Molecular Therapy
- Vaccinology
By Sales channel (Revenue, USD Million; 2018-2028)
- Channel sales
- Direct Sales
By End user: (Revenue, USD Million; 2018-2028)
- Pharmaceutical and Biopharmaceutical Companies
- Research Institutes
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Viral Vector and Plasmid DNA Assembleing market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- 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
- U.A.E.
- South Africa
- Rest of MEA
Key findings from the report suggest
- Increasing acceptance of viral vector-based advanced treatments is likely to drive the segment in viral vector and plasmid DNA assembleing market. The significant share is due to the use of adeno associated virus, lentivirus, and others.
- By application, cancer is expected to account for the largest share of the market, followed by genetic disorder segment, which occupied a market share of around 33.3% in 2017.
- The following are the significant genetically modified therapies rigorously studied and analyzed, namely, LUXTURNA, YESCARTA, Kymriah, INVOSSA, Zalmoxis, Strimvelis, Imlygic, Neovasculagen, Rexin-G, Oncorine, and Gendicine. Amongst these, YESCARTA and Kymriah are T-cell based gene therapies that were recently approved by the FDA, in October 2017 and August 2017, respectively. Besides, over 430 gene therapy candidates are presently in different stages of clinical development, for which over 500 clinical studies are currently underway in various regions across the globe.
- The growing number of gene therapy candidates, coupled with their rapid progression through multiple phases of clinical development, is expected to continue to create an increasing demand for vectors.
- North America dominates the global viral vector and plasmid DNA assembleing market due to a large patient pool, and high acceptance of advanced treatments in the region. The region is estimated to maintain its dominance during the forecast period. Moreover, rising healthcare expenditure, availability of approved gene therapy treatments, and increasing investments are key factors that are anticipated to boost the viral vector and plasmid DNA assembleing market in the next few years.
- The viral vector and plasmid DNA assembleing market in the Asia Pacific is projected to expand at a notable CAGR due to increasing awareness regarding viral vector-based products in developing countries and rising research initiatives in countries such as Japan and China.
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