Press release
Viral Vectors And Plasmid DNA Market 2020-2030 Trends And Strategies | Covid 19 Implications And Growth
Viral Vectors & Plasmid DNA Market
The global viral vectors & plasmid DNA market is expected to grow from $0.46 billion in 2019 to $0.60 billion in 2020 at a compound annual growth rate (CAGR) of 31.3%. The growth is mainly due to the outbreak of COVID 19 and requires targeted delivery of the drug to treat affected patients. The number of cases has been increasing resulting in a surge in demand for viral vectors & plasmid DNA. The market is expected to reach $1.05 billion in 2023 at a CAGR of 20.4%.
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The viral vectors & plasmid DNA market consists of sales of viral vectors & plasmid DNA and related services. The viral vectors & plasmid DNA are used for the delivery of cellular therapies, like gene therapy and immunotherapy, and also for treating some viral infections. The viral vectors & plasmid DNA are used for formulation development in research and development labs. The viral vectors are genetically engineered viruses carrying viral RNA or DNA that is noninfectious but still contain viral promoters and transgene. The plasmid DNA is a double-stranded extrachromosomal and circular DNA sequence that is capable of replication using the host cell`s replication system.
The rise in the global incidence of cancer is driving the viral vector & plasmid DNA market. According to Cancer Research UK, in 2018, around 17 million new cases of cancer were recorded with deaths of around 9.6 million, and the estimated cancer incidence rate is 62% between 2018-2040 worldwide. The rise in the global incidence of cancer has boosted the demand for the viral vectors and plasmid DNA market.
Viral Vectors & Plasmid DNA Market Segmentation: -
By Product
Plasmid DNA
Viral vectors
By Applications
Gene And Cancer Therapies
Viral Infections
Immunotherapy
Formulation Development
Others
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Few Points From Table Of Content
1. Executive Summary
2. Viral Vectors & Plasmid DNA Market Characteristics
3. Viral Vectors & Plasmid DNA Market Size And Growth
4. Viral Vectors & Plasmid DNA Market Segmentation
5. Viral Vectors & Plasmid DNA Market Regional And Country Analysis
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24. Africa Viral Vectors & Plasmid DNA Market
25. Viral Vectors & Plasmid DNA Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Viral Vectors & Plasmid DNA Market
27. Viral Vectors & Plasmid DNA Market Trends And Strategies
28. Viral Vectors & Plasmid DNA Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Viral Vectors & Plasmid DNA Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Viral Vectors & Plasmid DNA Market are Haemonetics Corporation, Fresenius SE & Co. KGaA, Terumo Corporation, Immucor Inc., B. Braun Melsungen AG, Macopharma, bioMérieux SA, Asahi Kasei Corporation, KANEKA CORPORATION, Bio-Rad Laboratories Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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