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Plasmid DNA Manufacturing Global Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2033 | Catalent Inc., Recipharm AB, Kaneka Corp., Celonic AG, Creative Biogene
Plasmid DNA Manufacturing Market
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According to The Business Research Company's, The plasmid DNA manufacturing market size has grown exponentially in recent years. It will grow from $1.89 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to the application of plasmid DNA in industrial processes, the use of plasmid DNA in creating genetically modified organisms, the production of monoclonal antibodies using plasmid DNA in cell lines, international health initiatives, plasmid DNA is used in bioremediation and other environmental applications and microbiome studies.
The plasmid DNA manufacturing market size is expected to see exponential growth in the next few years. It will grow to $5.49 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%. The growth in the forecast period can be attributed to the increasing use of plasmid DNA in the development of DNA vaccines for infectious diseases, increasing adoption of plasmid DNA in the development of antibody-drug conjugates, personalized therapies, the use of plasmid DNA in developing cancer treatments and intellectual property developments. Major trends in the forecast period include increased activity in licensing agreements for plasmid DNA technologies, customized solutions, cost reduction strategies, high-throughput screening, and the development of scalable manufacturing solutions.
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Market Drivers and Trends:
The rise in demand for hybrid electric vehicles (HEVs) is expected to propel the growth of the multi-tandem valve market going forward. Hybrid electric vehicles (HEVs) are defined as cars that combine a gasoline engine with an electric motor to boost fuel efficiency and lower emissions. Hybrid electric vehicles (HEVs) are rising due to environmental concerns, government incentives, and improved technology, leading to better fuel efficiency. Hybrid electric vehicles (HEVs) aids in utilizing multi-tandem valves by enhancing fuel efficiency. It reduces the overall strain on the engine system and improves valve performance, resulting in better engine efficiency and reduced emissions. For instance, according to Argonne National Laboratory, a US-based federally funded research and development center, in April 2024, 118,435 HEVs (23,179 cars and 95,256 LTs) were sold in the United States, up 17.8% from the sales in April 2023. Therefore, the increase in demand for hybrid electric vehicles (HEVs) drives the multi-tandem valve market.
Major companies operating in the plasmid DNA manufacturing market are developing advanced bioprocessing technologies to enhance the efficiency, scalability, and quality of plasmid DNA production. These innovations aim to streamline the manufacturing process, reduce production costs, and ensure that the plasmid DNA meets stringent regulatory standards for therapeutic applications. For instance, in January 2023, Charles River Laboratories, a US-based pharmaceutical company, launched eXpDNA platform, designed for the efficient production and purification of high-quality plasmid DNA. This platform integrates advanced bioprocessing technologies, scalable production methods, and rigorous quality control measures to produce plasmid DNA that meets the stringent requirements for therapeutic and clinical applications. The eXpDNA platform is used extensively in gene therapy, DNA vaccine development, and other biopharmaceutical applications that demand high yield, purity, and consistency.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Thermo Fisher Scientific Inc., Eurofins Genomics LLC, Catalent Inc., Charles River Laboratories, Recipharm AB, Kaneka Corp., Genscript Biotech Corporation, Aldevron LLC, Genewiz, OriGene Technologies, Celonic AG, Creative Biogene, Cellectis, Synbio Technologies, VectorBuilder Inc., Altogen Biosystems, Addgene, Andelyn Biosciences, AGC Biologics, VGXI, BioCat GmbH, GeneCopoeia, PlasmidFactory GmbH & Co. KG, Akron Biotech, PackGene Biotech lnc.
Plasmid DNA Manufacturing Market 2024 Key Insights:
• The plasmid DNA manufacturing market size is expected to see exponential growth in the next few years. It will grow to $5.49 billion in 2028 at a compound annual growth rate (CAGR) of 23.7%.
• Gene Therapy Fueling Growth in Plasmid DNA Manufacturing Market
• Innovations In Plasmid DNA Production For Advanced Therapies
• North America was the largest region in the plasmid DNA manufacturing market in 2023
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