Viral Vector and Plasmid Manufacturing Market Growth – at a CAGR of 14.3% During Forecast Period 2020-2027

Rapid advancements in manufacturing viral vector and plasma DNA and rising prevalence of various chronic diseases and genetic disorders are some key factors expected to drive global market growth during the forecast period  

Emergen Research has recently published its latest report titled, “Viral Vector and Plasmid Manufacturing Market By Vector Type (Retrovirus, Adenovirus, Others), By Workflow (Upstream, Downstream), By Disease (Cancer, Genetic Disorders, Others), By Application (Gene Therapy, Retailers) and By End Use, and Region Forecasts to 2027”

According to Emergen Research, the global viral vector and plasmid manufacturing market size was USD 358.4 million in 2019 and is expected to reach USD 1.12 billion in 2027 and register a revenue CAGR of 14.3% during the forecast period, 2020-2027.

Market Dynamics: 

Viral vector and plasmid DNA are crucial tools used for transferring genetic materials into the cells. Various types of vectors such as adenovirus, lentivirus, adeno-associated virus, herpes simplex virus are used in molecular biology research, gene therapy and development of novel vaccines. Factors such as increasing prevalence of genetic disorders and infectious diseases across the globe, high focus on developing and manufacturing novel drugs, rising demand for viral vector-based vaccines are expected to drive global market revenue growth over the forecast period. In addition, high usage of plasmid DNA for developing advanced genetic therapies, rising number of product approvals, favorable government initiatives, and increasing investments in R&D activities are expected to further fuel market growth during the forecast period.

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However, high cost of gene therapies, requirement of high capital income, dearth of skilled healthcare professionals, and complex procedures for the large-scale production of viral vector and plasma DNA are some key factors that can restrain market growth during the forecast period. 

COVID-19 Impact Analysis 

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants continue to cause concerns and impact normal routines

Research Institutes Segment Register Rapid Revenue Growth: 

The research institutes segment is expected to register rapid revenue growth over the forecast period owing to increasing number of research institutes across the globe, rising gene therapy research-based activities, favorable government support, and growing funds by various public and private organizations.  

Adenovirus Segment to Account for Largest Revenue Share:

The adenovirus segment is expected to account for largest revenue share during the forecast period. This can be attributed to factors such as rising prevalence of various chronic diseases, high usage in clinical trials, and increasing investments in research and development activities. Adenovirus vectors are widely used in vaccines due to its capability of inducing strong hormonal and T-cell responses. 

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North America to Lead in Terms of Revenue Share: 

North America is expected to account for largest revenue share in the global market over the forecast period owing to high prevalence of chronic and genetic diseases, rapid technological advancements, presence of well-developed healthcare and research facilities, and rising number of research centers, institutes, and pharmaceutical companies. Other factors such as increasing number of approvals for advanced therapies, growing investments in research and development activities, and increasing investments for introducing advanced viral vector-based therapies are expected to drive North America market revenue growth during the forecast period. 

Major Companies in the Market Include:

• Brammer Bio
• Cobra Biologics
• Cell and Gene Therapy Catapult
• FinVector Vision Therapies
• Fujifilm Diosynth Biotechnologies
• MassBiologics
• SIRION Biotech
• Merck KGaA Inc.
• Thermo Fisher Scientific
• Unique NV

For the purpose of this report, Emergen Research has segmented into the global viral vector and plasmid manufacturing market on the basis of vector type, workflow, disease, application, end-user, and region:

Vector Type Outlook (Revenue, USD Billion; 2017-2027)

• Adenovirus
• Retrovirus
• Plasmid DNA
• AAV
• Lentivirus
• Others

Workflow Outlook (Revenue, USD Billion; 2017-2027)

• Upstream Processing
• Downstream Processing

Disease Outlook (Revenue, USD Billion; 2017-2027)

• Cancer
• Genetic Disorders
• Infectious Diseases
• Others

Application Outlook (Revenue, USD Billion; 2017-2027)

• Antisense & RNAi
• Gene Therapy
• Cell Therapy
• Vaccinology

End Use Outlook (Revenue: USD Billion; 2017-2027)

• Pharmaceutical and Biopharmaceutical Companies
• Research Institutes

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/viral-vector-and-plasmid-manufacturing-market

Regional Outlook (Revenue, USD Billion; 2017–2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • BENELUX
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of MEA

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