Growth Trajectory Of The Viral And Non-Viral Vector Manufacturing Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global viral and non-viral vector manufacturing market is expected to grow from $6 billion in 2022 to $7.22 billion in 2023 at a compound annual growth rate (CAGR) of 20.2%. The viral and non-viral vector manufacturing market is expected to reach $14.71 billion in 2027 at a CAGR of 19.5%.
North America held the largest viral and non-viral vector manufacturing market share.
Viral And Non-Viral Vector Manufacturing Market Driver
The increasing prevalence of genetic disorders is expected to propel the growth of the viral and non-viral vector manufacturing markets going forward. Genetic disorders refer to a condition entirely or partially brought on by a deviation from the typical DNA sequence. For instance, in June 2023, according to Versus Arthritis, a UK-based charity dedicated to supporting people with arthritis, in 2021, around 450,000 people will have rheumatoid arthritis, 190,000 adults will have psoriatic arthritis, and 10 million people will have osteoarthritis, compared to 430,000 people with rheumatoid arthritis, 100,000 adults with psoriatic arthritis, and 8.5 million people with osteoarthritis in 2021, respectively. Furthermore, in June 2022, according to the International Diabetes Federation, a Belgium-based diabetes federation, the prevalence of diabetes had increased to 10.5% worldwide, with over half (44.7%) of people still undiagnosed and around 783 million adults, or one in eight people, expected to have diabetes by 2045. Therefore, the increasing incidence of genetic disorders drives the growth of the viral and non-viral vector manufacturing market.
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Prominent Viral And Non-Viral Vector Manufacturing Market Trend
Technological advancements are a key trend gaining popularity in the viral and non-viral vector manufacturing markets. Major companies operating in the viral and non-viral vector manufacturing markets are developing technologically advanced solutions to sustain their position in the market. For instance, in August 2022, Merck KGaA, a Germany-based science and technology company, launched the VirusExpress 293 Adeno-Associated Virus (AAV) Production Platform. One of the first Contract development and manufacturing organizations and technology creators to offer an entire viral vector manufacturing package, including AAV, Lentiviral, CDMO, CTO, and process development. With the help of this innovative platform, biopharmaceutical businesses may shorten the time and expense of process development while accelerating the time to clinical manufacture.
Viral And Non-Viral Vector Manufacturing Market Prominent Players
Major players in the viral and non-viral vector manufacturing market are Novartis AG, Thermo Fisher Scientific Inc., Merck KGaA, FUJIFILM Holdings Corporation, Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Lonza Group AG, WuXi AppTec Co Ltd., Catalent Inc., Sartorius AG, Charles River Laboratories Inc., Sarepta Therapeutics Inc., GenScript ProBio Co. Ltd., TAKARA BIO Inc., Oxford BioMedica plc, Beam Therapeutics Inc., Intellia Therapeutics Inc., MaxCyte Inc., Voyager Therapeutics Inc., Genethon, MeiraGTx Holdings plc, Evox Therapeutics Ltd., Entos Pharmaceuticals Inc., LogicBio Therapeutics Inc., bluebird bio Inc., 4D Molecular Therapeutics Inc., Precision NanoSystems Inc., GenSight Biologics S.A., Abeona Therapeutics Inc., and Generation Bio Co.
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Key Viral And Non-Viral Vector Manufacturing Market Segments
The global viral and non-viral vector manufacturing market is segmented –
1) By Vector Type: Viral Vector, Non-Viral Vector
2) By Disease: Cancer, Genetic Disease, Infectious Disease, Cardiovascular Disease, Other Diseases
3) By Application: Gene Therapy, Vaccinology, Cell Therapy, Other Applications
The Viral And Non-Viral Vector Manufacturing Global Market Report 2023 provides a comprehensive overview on the viral and non-viral vector manufacturing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the viral and non-viral vector manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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