Viral vector and Plasmid DNA Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Viral vector and Plasmid DNA Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Report Digest
Global Viral vector and Plasmid DNA Manufacturing Market – Overview
The viral vector and plasmid DNA s are being increasingly used in clinical trials as they provide the highest accuracy in delivering the gene to the region of interest. Adenoviral vector and plasmid DNA s are considered safe and are being extensively used as vaccines due to their capability to induce strong humoral and T cell responses. The potential to elicit a wide immune response, safety profiles, and easy manufacturing are enabling a high implementation of viral vector and plasmid DNA s in vaccine development.
The shift in the paradigm for the treatment of several life-threatening diseases through advanced therapies is being facilitated by viral vector and plasmid DNA -based vaccines for infectious diseases. As a result, viral vector and plasmid DNA s and plasmid DNA are being utilized for the R&D of advanced therapies which is boosting the demand for the global viral vector and plasmid DNA market.
Global Viral vector and Plasmid DNA Manufacturing Market – Notable Developments
The global viral vector and plasmid DNA manufacturing market features a highly competitive landscape with the market players focusing on various strategic initiatives to strengthen their market position. There is intense competition between well-established as well as mid and small-sized emerging players. The growing number of entities in the advanced therapy arena is further contributing to the competition between these key players in the market. Naturally, the competition in the market quite high and is working in favor of the development of the global market.
Some of the leading companies in the global viral vector and plasmid DNA manufacturing market include names such as RegenxBio, Inc., Merck KGaA, BioMarin Pharmaceutical, Lonza, Audentes Therapeutics, FUJIFILM Diosynth Biotechnologies, BioNTech IMFS GmbH, Thermo Fisher Scientific, Virovek Incorporation, Cobra Biologics, SIRION Biotech GmbH, Catalent Inc., Miltenyi Biotec GmbH, Wuxi Biologics, Batavia Biosciences, Takara Bio Inc., Genezen laboratories, and Waisman Biomanufacturing among others. Some of the notable developments in the global viral vector and plasmid DNA manufacturing market are given below:
- In February 2021, a Germany-based CDMO known as Vibalogics initiated the building of new virotherapy manufacturing plant in Massachusetts. The company has invested USD 150 million intending to expand its manufacturing capabilities and the plant is expected to begin functioning in the second half of 2021.
Global Viral vector and Plasmid DNA Manufacturing Market – Drivers and Restraints
The COVID-19 pandemic is fostering the rise and development of several viral vector and plasmid DNA -based vaccines, which are fueling the demand for the global viral vector and plasmid DNA manufacturing market. The investments in research, collaborations, and innovative efforts of key players to achieve stability enhancement, as well as process optimization are creating lucrative opportunities for the potential development of the global market.
Viruses are efficient as an ideal vector for gene therapy production against different cancer types and are gaining attention owing to their success in viral vector and plasmid DNA -based CAR-T cell therapies for hematologic malignancies such as B-cell lymphoma and mantle cell lymphoma.
Global Viral vector and Plasmid DNA Manufacturing Market – Geographical Outlook
The viral vector and plasmid DNA manufacturing market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global viral vector and plasmid DNA manufacturing market is expected to be led by the regional segment of North America. The significant number of centers and institutes involved in the R&D of advanced therapies are with the growing regulatory approvals for advanced therapies in the region are positively influencing the progress of the global market.
The Asia Pacific market is also growing at a notable pace owing to the rapid development Asian cell and gene therapy market’s approvals and pipeline programs. The rising healthcare requirements, accelerated approval pathways, growing private and government investments are facilitating the further advancement of this market. The unmet needs in the personalized medicine arena are bolstering the research for regenerative medicine, which is proliferating the demand for the global viral vector and plasmid DNA manufacturing market.
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