How Will The Viral Vectors And Plasmid DNA Market Grow In 2022?
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The viral vectors and plasmid DNA market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 14%, as per The Business Research Company’s market report!
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The Viral Vectors And Plasmid DNA Market Size In 2022 And Forecast
The global viral vectors and plasmid DNA market is expected to grow from $0.69 billion in 2021 to $0.80 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The viral vectors & plasmid DNA market is expected to reach $1.38 billion in 2026 at a CAGR of 14.8%.
The viral vectors & plasmid DNA market consists of sales of viral vectors and plasmid DNA and related services.
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Rise In The Global Incidence Of Cancer Is Driving The Growth Of The Viral Vectors And Plasmid DNA Market
According to American cancer society 2020, an estimated 1.8 million new cancer cases diagnosed and 606,520 cancer deaths in the United States. Furthermore, according to the American Cancer Society, in 2019, around 606,880 deaths were caused in USA due to prevalence of the cancer. The Cancer Research UK predicts that there will be 27.5 million new cases of cancer each year by 2040. The rise in the global incidence of cancer is expected to boost the demand for the viral vectors and plasmid DNA market over coming years.
Competitive Landscape And The Regional Analysis Of The Viral Vectors And Plasmid DNA Market
Major players in the viral vectors and plasmid DNA market are FUJIFILM Diosynth Biotechnologies, FinVector Vision Therapies, Lonza, Cobra Biologics and Pharmaceutical Services, Brammer Bio, Cell and Gene Therapy Catapult, VGXI and MassBiologics.
Additionally, as per TBRC’s research – North America is the largest region in the viral vectors and plasmid DNA market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.
The Viral Vectors And Plasmid DNA Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the viral vectors and plasmid DNA market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the viral vectors and plasmid DNA market.
Viral Vectors And Plasmid DNA Market Segmentation By The Business Research Company
1) By Product: Plasmid DNA, Viral Vectors
2) By Application: Gene and Cancer Therapies, Viral Infections, Immunotherapy, Formulation Development, Others
3) By Disease: Infectious Diseases, Genetic Disorders, Cancer, Others
4) By End-User: Research Institutes, Biopharmaceutical and Pharmaceutical Companies
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