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Viral Vector and Plasmid DNA Manufacturing Market - Increase In Awareness Regarding Viral and Non-Viral Vectors, And Investment in Research and Innovation Fuel the Demand for Market

02-21-2019 10:29 AM CET | Health & Medicine

Press release from: Allied Market Research

Viral Vector and Plasmid DNA Manufacturing Market

Viral Vector and Plasmid DNA Manufacturing Market

The Viral Vector and Plasmid DNA Manufacturing Market is expected to reach $ 1,090 million in 2023, growing at an annual average rate of 22.6% from 2017 to 2023. North America was the largest contributor to the viral vector and plasmid DNA markets in 2016. However, the Asia Pacific region is expected to have the highest growth rate during the forecast period.

Gene therapy has included tools such as viral vectors and plasmid DNA and has evolved into a treatment option that is favorable for a variety of diseases, particularly viral infections, cancers, and hereditary diseases, particularly those without current treatments. Gene therapy and genetically modified therapies involve the use of therapeutic DNA (the gene of interest) in the cell. The process of gene transfer into cells is done by the application of vectors. Over the last several years, several viral and nonviral plasmid DNA have been standardized and optimized for this purpose.

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he key market players operating in this market are
• Kaneka Eurogentec S.A.
• FinVector
• Brammer Bio
• Cell and Gene Therapy Catapult
• FUJIFILM Diosynth Biotechnologies
• Sanofi
• Spark Therapeutics
• Cobra Biologics
• UniQure and MassBiologics.

Other players in the value chain analysis include, 4D Molecular Therapeutics, Renova Therapeutics, Shenzhen SiBiono GeneTech Co., Ltd., and Thermo Fisher Scientific, Inc.

Key factors driving the global viral vector and plasmid DNA manufacturing market include the numerous stages of clinical progression, the ability of vectors to efficiently express therapeutic genes, and the rapid development of genes through non-pathogenesis, have. vector. However, the high costs of possible mutagenesis and gene therapy inhibit market growth. Technological advances to mitigate the problems caused by traditional vector generation methods provide a good opportunity for manufacturers in this industry.

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Cancer coverage has the highest sales of $ 162 million in 2016 and is expected to continue in the future. Requirements for advanced drugs and multi-use therapies for treatment are expected to drive growth in this area. Genetic disease drugs are expected to grow at a CAGR of 25.1% from 2017 to 2023.

North America has a market share of $ 124 million in 2016 due to the high penetration of cancer and modern medical facilities. The adoption of experimental drugs and the growing awareness of gene therapy are expected to stimulate the North American market. The Asia-Pacific region is expected to grow at a CAGR of 18.8% over the forecast period due to rapid industrialization, increased disposable income, and government initiatives to modernize medical infrastructure.

Key Findings of the Viral Vector and Plasmid DNA Manufacturing Market:
• The plasmid DNA segment is anticipated to grow at the highest CAGR from 2017 to 2023.
• The inherited disorders application segment is expected to witness the highest growth rate.
• Cancer application segment is anticipated to occupy the largest share in the viral vector and plasmid DNA manufacturing market.
• North America dominated the global viral vector and plasmid DNA manufacturing market, and is projected to grow at a CAGR of 20.6%.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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