Press release
Viral Vector & Plasmid DNA Manufacturing Market: Steady Growth Fueled by Advances in Gene Therapy and Vaccinology
Viral Vector & Plasmid DNA Manufacturing Market
The report offers a detailed analysis of the current scenario and future growth potential of the global viral vector & plasmid DNA manufacturing market. It includes an executive summary providing insights into market segments based on product type, application, end-user, and region. The analysis encompasses qualitative factors such as drivers, restraints, and opportunities shaping the market.
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Dominance of Plasmid DNA Segment
In terms of type, the market is segmented into lentivirus, adenovirus, adeno-associated virus (AAV), plasmid DNA, and others. The plasmid DNA segment held a substantial market share in 2018, with anticipated growth attributed to increased awareness of gene therapy and technological advancements in plasmid DNA production methods.
Gene Therapy Takes the Lead
The application segment includes gene therapy, vaccinology, and others. Gene therapy emerged as the dominant application in 2018, fueled by a robust product pipeline and the growing number of companies developing vector-based products for gene therapies.
Cancer Treatment Drives Market Share
Considering diseases, the market is categorized into genetic disorders, cancer, infectious diseases, and others. The cancer segment claimed the largest market share in 2018, driven by the high prevalence of cancer and the escalating acceptance of gene therapy as a treatment modality.
Biotech Companies Lead End-User Segment
Biotech companies and research institutes are the key end-users. Biotech companies held a significant market share in 2018 and are expected to witness substantial growth. This surge is attributed to increased investments in vector-based technologies and a heightened demand for new therapies.
Regional Outlook
Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report provides size and forecast details for each region, offering insights into market competition scenarios.
Key Players and Competitive Landscape
The report includes detailed company profiles covering business strategies, product portfolios, and financials of major players in the global viral vector & plasmid DNA manufacturing market. Key players profiled include CobraBiologics, Novasep, Inc., Cell and Gene Therapy Catapult, and others.
Future Market Trends and Opportunities
The study provides an outlook on future market trends, outlining opportunities for growth and potential challenges. It offers a holistic understanding of the competitive strategies adopted by major players, guiding stakeholders in navigating the evolving landscape.
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