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Lentiviral Vector Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region
Lentiviral Vector Global Market Report 2024
According to The Business Research Company's, The lentiviral vector market size has grown rapidly in recent years. It will grow from $12.50 billion in 2023 to $14.37 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to prevalence of genetic disorders, gene delivery demand, biotech and pharma expansion, clinical trial investment, regulatory approvals.
The lentiviral vector market size is expected to see rapid growth in the next few years. It will grow to $25.50 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to personalized medicine growth, gene editing innovations, rare disease therapy demand, lentiviral vector adoption, genomic medicine funding, manufacturing scalability focus. Major trends in the forecast period include expansion of research and development, integration in CAR-T cell therapy, development of next-generation vectors, adoption in vaccine development, development of production technologies.
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the lentiviral vectors market going forward. Chronic diseases refer to long-term medical conditions that typically progress slowly over time and often persist for years or even a lifetime. The prevalence of chronic diseases is increasing due to aging populations, unhealthy lifestyles, urbanization, and environmental factors. Lentiviral vectors offer versatile and efficient tools for developing vaccines and treatment strategies for chronic diseases, addressing unmet medical needs, and improving patient outcomes. For instance, in January 2023, according to the report published by the National Library of Medicine, the US-based medical library, It is expected that there will be around 142.66 million people with at least one chronic illness by 2050, a 99.5% rise from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the lentiviral vectors market.
Major companies operating in the lentiviral vectors market are focusing on developing LV vector production platforms, such as LentiSure, to enhance the efficiency and robustness of producing lentivirus vectors for cell-based immuno-oncology therapies. LentiSure is the LV vector production platform producing lentiviral vectors used in cell-based immuno-oncology therapies. It is designed to enhance efficiency and robustness in generating vectors. For instance, in May 2023, Yposkesi sk pharmteco, a France-based manufacturer of viral vectors, launched LentiSure, an advanced platform designed to enhance the production of lentiviral (LV) vectors, aiming to improve the resilience and efficiency of lentivirus production. This platform addresses the growing demand for robust and economically scalable viral-vector manufacturing technologies in cell and gene therapies. It offers consistent product quality with average titers at cell culture harvest at 10e7 IG/mL bioreactor volume, ensuring higher productivity and success for cell therapy developers.
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Major Key Players of the Market:
Pfizer Inc, AbbVie Inc, Bayer AG, Sanofi SA, Bristol Myers Squibb Company, Thermo Fisher Scientific Inc, AstraZeneca plc, Novartis AG, GlaxoSmithKline plc (GSK), Eli Lilly and Company, Agilent Technologies Inc, Amgen Inc, Merck KGaA, Lonza Group Ag, Cytiva, Charles River Laboratories, Bio-Rad Laboratories Inc, Promega Corporation, Takara Bio Inc, Sino Biological Inc, OriGene Technologies Inc, Applied Biological Materials Inc, Oxford Biomedica, Sirion-Biotech GmbH, Yposkesi
Lentiviral Vector Market 2024 Key Insights:
• The lentiviral vector market size is expected to see rapid growth in the next few years. It will grow to $25.50 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%.
• Lentiviral Vectors Market Driven By Rising Prevalence Of Chronic Diseases
• Technological Advancements In Lentiviral Vector Production For Immuno-Oncology Therapies
• North America was the largest region in the lentiviral vector market in 2023
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