Press release
Viral Vector Vaccines Market Size, Share, Industry, Forecast and outlook (2024-2031)
DataM Intelligence
Global Viral Vector Vaccines Market to Surpass USD Billion Mark by 2029, Achieving Remarkable CAGR of 14%: New Report
The Viral Vector Vaccines Market is anticipated to reach a staggering USD [BILLION] by 2029, exhibiting robust growth at an impressive CAGR of 14% during the forecast period spanning 2024-2031.
Viral vector vaccines, utilizing live viruses to transport DNA into human cells, have emerged as a transformative approach to elicit immune responses by encoding antigens. A comprehensive analysis of the Viral Vector Vaccines Market reveals intriguing insights into key market dynamics, growth drivers, geographical trends, and competitive landscape.
Market Scope and Key Metrics:
• Market CAGR: 14%
• Segments Covered: By Vector Type, By Route of Administration, By Application, By Distribution Channel, and By Region
• Report Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other Key Insights.
• Fastest Growing Region: Asia Pacific
• Largest Market Share: North America
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Market Growth Dynamics:
The global viral vector vaccines market is propelled by escalating prevalence of genetic disorders, cancer, and infectious diseases. Increasing clinical studies utilizing viral vectors, coupled with substantial funding for gene therapy development, accentuates the market's growth potential. Investments by companies, coupled with rising instances of genetic disorders and infectious diseases, further contribute to market expansion.
The rise in genetic disorders and infectious diseases, exemplified by UNAIDS Statistics indicating 38.0 million people living with HIV in 2019, underscores the urgency for viral vector vaccines. Initiatives by both public and private sectors, exemplified by Vibalogics' USD 150 million investment for capacity expansion, showcase the industry's commitment to manufacturing activities.
Challenges and Disadvantages:
Despite the market's promising trajectory, challenges such as the risk of integrating into the host genome and pre-existing immunity against the vector may hinder growth. Vigilance in addressing these concerns is paramount for sustained market advancement.
COVID-19 Impact Analysis:
The pandemic has underscored the critical role of vaccine development globally. WHO reports indicate 151 vaccine candidates in preclinical studies, with viral vector manufacturing playing a pivotal role. Notably, adenovirus-based vaccine candidates in phase III development and approval in Russia highlight the effectiveness of viral vectors against COVID-19.
Segment Analysis:
The adeno-associated viral vectors segment is poised to dominate the market, driven by advancements in gene therapy. Notable developments, including VBL Therapeutics' non-dilutive grant and São Paulo State Cancer Institute's gene-manipulated virus for tumor destruction, showcase the segment's potential.
Geographical Analysis:
North America claims the largest market share, fueled by heightened awareness, adoption rates, and significant R&D activities. Notable investments, such as Merck KgaA's USD 110 million expansion and NGen's funding for lentiviral vectors, underscore the region's strategic importance.
Competitive Landscape:
The global viral vector vaccines market features moderate competition with key players driving growth. Sanofi Pasteur Inc., AstraZeneca, CSL Ltd. (Seqirus), Abbott, GlaxoSmithKline Plc, Serum Institute of India Pvt. Ltd, Pfizer, BioNTech, F.Hoffman La Roche Ltd, and Novartis are pivotal contributors. Growth strategies, including product launches, acquisitions, and collaborations, position these players at the forefront of market expansion. Fujifilm Corporation's recent USD 40 million investment further exemplifies the industry's commitment to innovation.
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Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
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