Adeno Associated Virus Vector Manufacturing Market to Hit USD 3,700.6 Million by 2030, at a CAGR 21.9% | published by MarketDigits

Adeno Associated Virus Vector Manufacturing Market Scope:
Market size value in 2023 - USD 759 Million
Market size value in 2030 - USD 3,700.6 Million
CAGR (2023-2030) - 21.9%
Forecast Period - 2023-2030
Segments Covered - Operations, Therapeutic Area, Application, Method & Region.
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - BioMarin Pharmaceutical, Oxford BioMedica, WuXi AppTec, YPOSKESI, Sarepta Therapeutics.

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Browse in-depth TOC on "Adeno Associated Virus Vector Manufacturing Market"
178-Tables
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North America dominates the market for Adeno Associated Virus Vector Manufacturing.
The dominating region in the global adeno-associated virus vector manufacturing market is North America, with the United States leading the way. The region's dominance is attributed to the presence of a well-established biotechnology and pharmaceutical sector, strong research and development infrastructure, and a supportive regulatory environment for gene therapy products. In the United States, major biopharmaceutical companies and academic institutions are actively engaged in AAV vector manufacturing for various gene therapy applications. The U.S. Food and Drug Administration (FDA) has played a pivotal role in fostering the development and approval of gene therapies, providing a conducive environment for market growth.
While North America currently dominates the market, Asia-Pacific is emerging as a region with high growth potential. Countries like China and Japan are investing significantly in biotechnology and gene therapy research. The rising prevalence of genetic disorders, coupled with favorable government initiatives, is driving the growth of the AAV vector manufacturing market in the Asia-Pacific region. Additionally, the comparatively lower manufacturing costs in some Asian countries contribute to their attractiveness as potential hubs for AAV vector production. As the regulatory landscape evolves and infrastructure strengthens, Asia-Pacific is poised to become a key player in the global AAV vector manufacturing market.

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Top Key Players Covered in the Report-
Roche, BioMarin Pharmaceutical, Oxford BioMedica, WuXi AppTec, YPOSKESI, Sarepta Therapeutics, Pfizer, Audentes Therapeutics, LifeSpan BioSciences, Inc., GenScript, and Others.

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Recent Developments-
In June 2022, to produce AAV gene therapies based on NAV Technology on a 2000L scale, REGENXBIO Inc. developed an AAV vector-based gene therapy facility. This cutting-edge facility in Maryland was opened by the corporation with an investment of $65 million.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-adeno-associated-virus-vector-manufacturing-market-projected-to-reach-usd-37006-million-by-2030

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