INCREASING INCIDENCE OF GENETIC DISORDERS, CANCER AND INFECTIOUS DISEASES COUPLED WITH INCREASING INVESTMENTS IN THE DEVELOPMENT OF GENE THERAPY ARE EXPECTED TO DRIVE THE GLOBAL VIRAL VECTOR MANUFACTURING MARKET – AXIOM MRC

The key companies in viral vector manufacturing market are Lonza Group, Merck KGaA, Oxford BioMedica, Regenxbio, CGT Catapult, Cobra Biologics, uniQure, FUJIFILM Diosynth Biotechnologies, Kaneka Eurogentec, Spark Therapeutics, Novasep, Finvector Vision Therapies, Brammer Bio and Massbiologics.

New York, January 22, 2020: Axiom Market Research & Consulting™ added a report on global viral vector manufacturing market which includes study on various type, disease, application and end user across various countries of key regions across the globe. The global viral vector manufacturing market was projected to grow at a CAGR of 19.66% for the forecast period 2020 to 2026. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the viral vector manufacturing market.

Browse For More Details:- https://www.axiommrc.com/market_reports/hc2101-viral-vector-manufacturing-market-report

The report analyses the global viral vector manufacturing market based on type, disease, application, end user and geography. Various types of viral vector studied in the market are retroviral vectors, adenoviral vectors, adeno-associated viral vectors and others viral vectors. Furthermore, retroviral vectors are bifurcated into lentiviral vectors and gamma-retroviral vectors. The diseases targeted for this study are cancers, genetic disorders, infectious diseases and others. The viral vectors find applications in gene therapy and vaccinology. Furthermore, the end users of the viral vector manufacturing industry are pharmaceutical & biopharmaceutical companies and research institutes.

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Viral Vector Manufacturing Market Regional Trends:-
North America seems to be promising region for viral vector manufacturing market. The North America region occupied around 51% of share of the global viral vector manufacturing market. Increase in research activities, presence of large number of regenerative medicine companies, upsurge in the prevalence of target diseases and availability of funds are some of the major factors driving the viral vector manufacturing market in North America.

Additionally, various factors attributing the growth of viral vector manufacturing market in Asia Pacific region are constantly rising healthcare industry led by the rapid economic growth in the APAC that is rising the per capita healthcare expenditures, increasing awareness regarding viral vector-based products in developing countries and rising research initiatives in countries such as Japan, China and India.

Viral Vector Manufacturing Market Segmental Highlights:-
• The adeno-associated viral vector segment was valued at 36.29% market share in 2019. Adeno-associated viral vectors have become increasingly popular for gene therapy applications as the methodology for high-titer virus production has developed.
• The cancers disease segment dominated the viral vector manufacturing market in 2019
• The viral vectors find applications in gene therapy and vaccinology. The global viral vector manufacturing market is commanded by the gene therapy which holds remarkable market share of the overall industry in 2019
• The pharmaceutical and biopharmaceutical companies are the leading end users in the viral vector manufacturing market in 2019
 
Market Size Estimation:-
Both the top-down and bottom-up approaches were used to estimate and validate the total composites market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following
• The key players in the industry and markets were identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Research Objectives of Viral Vector Manufacturing Market Report:-
• Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Viral Vector Manufacturing Market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players.

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Axiom Market Research & Consulting™ (also known as Axiom MRC), is a full-service market research and data analytics firm, driven by a simple aim of providing key market intelligence to companies to assist them in taking informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.

Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports,business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals & Materials, Food & Beverages, Packaging Agriculture, Power & Energy.

Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.

This release was published on openPR.