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Viral And Non-Viral Vector Manufacturing Market Key Trends, Size And Forecast To 2024-2033
Viral And Non-Viral Vector Manufacturing Market
As per the report, the viral and non-viral vector manufacturing market size has grown rapidly in recent years. It will grow from $7.22 billion in 2023 to $8.62 billion in 2024 at a compound annual growth rate (CAGR) of 19.5%. The viral and non-viral vector manufacturing market size is expected to see rapid growth in the next few years. It will grow to $17.85 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%.
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The Rise Of Vector Therapies In Genetic Disorder Treatment
The increasing prevalence of genetic disorders is expected to propel the growth of the viral and non-viral vector manufacturing markets going forward. Genetic disorders refer to a condition entirely or partially brought on by a deviation from the typical DNA sequence. Viral vectors deliver therapeutic genes to target cells, replacing or supplementing the defective genes that cause genetic disorders. Non-viral vectors are often used in ex vivo gene therapy approaches, where cells are genetically modified outside the body and then reinfused into the patient. For instance, in June 2023, according to Versus Arthritis, a UK-based charity dedicated to supporting people with arthritis, in 2021, around 450,000 people will have rheumatoid arthritis, 190,000 adults will have psoriatic arthritis, and 10 million people will have osteoarthritis, compared to 430,000 people with rheumatoid arthritis, 100,000 adults with psoriatic arthritis, and 8.5 million people with osteoarthritis in 2021, respectively. Furthermore, in June 2022, according to the International Diabetes Federation, a Belgium-based diabetes federation, the prevalence of diabetes had increased to 10.5% worldwide, with over half (44.7%) of people still undiagnosed and around 783 million adults, or one in eight people, expected to have diabetes by 2045. Therefore, the increasing incidence of genetic disorders drives the growth of the viral and non-viral vector manufacturing market.
Merck Kgaa'S Breakthrough In Viral And Non-Viral Solutions
Technological advancements are a key trend gaining popularity in the viral and non-viral vector manufacturing markets. Major companies operating in the viral and non-viral vector manufacturing markets are developing technologically advanced solutions to sustain their position in the market. For instance, in August 2022, Merck KGaA, a Germany-based science and technology company, launched the VirusExpress 293 Adeno-Associated Virus (AAV) Production Platform. One of the first Contract development and manufacturing organizations and technology creators to offer an entire viral vector manufacturing package, including AAV, Lentiviral, CDMO, CTO, and process development. With the help of this innovative platform, biopharmaceutical businesses may shorten the time and expense of process development while accelerating the time to clinical manufacture.
The viral and non-viral vector manufacturing market covered in this report is segmented -
1) By Vector Type: Viral Vector, Non-Viral Vector
2) By Disease: Cancer, Genetic Disease, Infectious Disease, Cardiovascular Disease, Other Diseases
3) By Application: Gene Therapy, Vaccinology, Cell Therapy, Other Applications
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Major companies operating in the viral and non-viral vector manufacturing market report are Novartis AG, Thermo Fisher Scientific Inc., Merck KGaA, FUJIFILM Holdings Corporation, Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Lonza Group AG, WuXi AppTec Co Ltd., Catalent Inc., Sartorius AG, Charles River Laboratories Inc., Sarepta Therapeutics Inc., GenScript ProBio Co. Ltd., TAKARA BIO Inc., Oxford BioMedica plc, Beam Therapeutics Inc., Intellia Therapeutics Inc., MaxCyte Inc., Voyager Therapeutics Inc., Genethon, MeiraGTx Holdings plc, Evox Therapeutics Ltd., Entos Pharmaceuticals Inc., LogicBio Therapeutics Inc., bluebird bio Inc., 4D Molecular Therapeutics Inc., Precision NanoSystems Inc., GenSight Biologics S.A., Abeona Therapeutics Inc., Generation Bio Co.
Contents of the report:
1. Executive Summary
2. Viral And Non-Viral Vector Manufacturing Market Report Structure
3. Viral And Non-Viral Vector Manufacturing Market Trends And Strategies
4. Viral And Non-Viral Vector Manufacturing Market - Macro Economic Scenario
5. Viral And Non-Viral Vector Manufacturing Market Size And Growth
…..
27. Viral And Non-Viral Vector Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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