Viral Vectors And Plasmid DNA Market Report Size, Growth And Forecast Report 2024 To 2033

The Business Research Company recently released a comprehensive report on the Global Viral Vectors And Plasmid DNA Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The viral vectors and plasmid dna market size has grown rapidly in recent years. It will grow from $1.05 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to increasing prevalence of cancer, growing awareness of gene therapy, growing patient population, increased access to healthcare, growing demand for personalized medicine.

The viral vectors and plasmid dna market size is expected to see rapidly grown in the next few years. It will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to emerging therapeutic applications, covid-19 pandemic response, increased funding, global expansion. Major trends in the forecast period include advances in viral vector and plasmid dna manufacturing technology, advances in gene editing, customized vectors, scalability and production efficiency, safety and quality standards, non-viral delivery methods, international collaboration: i.

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Market Drivers and Trends:

The rise in the global incidence of cancer is driving the viral vector and plasmid DNA market. The major causes of most cancers include obesity, smoking, alcohol, and improper eating habits. For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43 percent of all new cancer cases. The rise in the global incidence of cancer is expected to boost the demand for the viral vectors and plasmid DNA market over the coming years.

The companies in the viral vectors and plasmid DNA market are focusing on the launch of viral vector assays to boost gene therapy research. Viral vectors are tools commonly used by molecular biologists to deliver genetic material into cells and viral vector assays is an investigative procedure on viral vector. For example, in November 2022, PerkinElmer, an American testing laboratories company, announced the launch of its ""ready-to-use"" adeno-associated virus vectors (AAV) detection kits to support researchers working on gene therapies for a variety of diseases. The viral assays are designed to help researchers quickly and easily characterize viral vector particles being produced to enable decision-making for safe and efficient gene transfer.

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Major Key Players of the Market:

FUJIFILM Diosynth Biotechnologies; FinVector Vision Therapies; Lonza Group AG; Cobra Biologics and Pharmaceutical Services; Brammer Bio; ??n?k? ??r??r?t??n; Cell and Gene Therapy Catapult; VGXI Inc.; MassBiologics; Sanofi; Spark Therapeutics; UniQure NV; Thermo Fisher Scientific; VIROVEK; SIRION Biotech GmbH; ALDEVRON; Oxford BioMedica; PlasmidFactory GmbH & Co. KG; Biovian Oy; BioReliance Corporation; 4D Molecular Therapeutics; Renova Therapeutics; Shenzhen SiBiono GeneTech Co.; Vigene Biosciences Inc.; Novasep; Genzyme Corporation; Oxford Gene Technology; Richter-Helm; ??l?n NV; MolMed; Merck KGaA Inc.; Catalent Inc.; WuXi AppTec; GenScript Biotech Corporation; Eurogentec; Creative Biogene

Viral Vectors And Plasmid DNA Market 2024 Key Insights:

• The viral vectors and plasmid dna market size will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
• Growing Cancer Incidence Drives Viral Vector And Plasmid Dna Market
• Viral Vector Assays To Boost Gene Therapy Research In Viral Vectors And Plasmid Dna Market
• North America was the largest region in the viral vectors and plasmid DNA market in 2023

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