Viral Vector and Plasmid DNA Manufacturing Market Size Worth US$ 1.8 Bn by 2026

LOS ANGELES, Aug. 20, 2019 /PRNewswire/ -- The Global Viral Vector & Plasmid DNA Manufacturing Market is forecasted to grow at noteworthy CAGR around 21.4 % throughout the forecast period 2019-2026.

Plasmid manufacturing services are provided for various applications such as preclinical research studies, clinical trials, and commercial manufacturing. Pure, high-quality plasmid DNA is critical for a successful transfection. Research-grade plasmid can be used to generate viral particles such as AAV, adenovirus, or lentivirus for in vitro or in vivo research applications. However, research-grade plasmid DNA cannot be used to generate viral vectors intended for human use and cannot be directly administered to humans.

Free Download Sample Report Pages for Better understanding@ https://www.acumenresearchandconsulting.com/request-sample/1335

The global viral vector & plasmid DNA manufacturing market is segmented into application, diseases, end use, and region. The regional market is further bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East. The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This dominance can be attributed to well-developed healthcare infrastructure for R&D activities, high government spending on healthcare sector, and presence of major players operating in the countries in this region. In addition, incensing approach towards use of gene therapy for treatment of rare diseases is another factor expected to support the growth of the market. Moreover, high investment from major players operating in the countries such as US & Canada is further supporting the market growth.

Increasing strategic business expansion activities through merger and acquisitions in order to increase their customer base and enhance its product portfolio is another factor expected to further support the growth of the target market in US.

In 2019 Aldevron a US based company entered into a long term agreement with Sarepta Therapeutics, Inc. a leader in precision genetic medicine for rare diseases. In this agreement Aldevron will supply plasmid DNA to fulfill Sarepta's needs for its gene therapy clinical trials and commercial supply.

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/viral-vector-and-plasmid-dna-manufacturing-market

In addition, introduction of novel products for treatment of various diseases is expected to further support the market growth in this region in the near future.

In 2019, Aldevron, successfully completed its manufacturing of TUSC2 (Tumor Suppressor Candidate 2) plasmid DNA pursuant.

Some of the major factors expected to drive the growth of the target market are rapid technological advancements in healthcare sector, increasing government expenditure on development of healthcare R&D infrastructure, coupled with increasing use of viral and non-viral vectors for development of innovative medicines. In addition, rapid growth in therapeutic development from clinical evaluation, coupled with manufacturers approach towards development of optimized large-scale production, harvest, and purification related to product purity are some other factors expected to further support the growth of the target market. The global viral vector & plasmid DNA manufacturing market is expected to grow at CAGR 25.3% during the forecast period.

However, high manufacturing cost and stringent government regulation related to product approval are some major factors expected to hamper the growth of the target market. In addition, lack of required infrastructure for R&D activities in developing countries is expected to limit the growth of the market to a certain extent.

Related Reports:

    --  DNA and Gene Chip Market - The global DNA and gene chip market size is
        projected to register around USD 11.4 billion by 2026, this market is
        anticipated to grow with 10.5% CAGR during the forecast time period. The
        growth is driven by increase in medical investment on R&D.
    --  Genetic Testing Market - The global Genetic Testing market is expected
        to grow at noteworthy CAGR around 11 % throughout the forecast period
        and reach around US$ 18 billion by 2026.
    --  Red Biotechnology Market - The global red biotechnology market size is
        expected to reach around US$ 500 billion by 2026 and will grow at
        noteworthy CAGR around 5.6 % throughout the forecast period 2019 to
        2026. Since the age of biotechnology, numerous tests and research into
        the implications of biotechnology to increase health have been carried
        out with the growth of recombinant DNA (rDNA) technologies. New doors to
        the design of new therapeutic drugs to sophisticate disease control have
        been opened by the progress made in biotechnology.

The viral vector & plasmid DNA manufacturing market is fragmented into large number of players in both domestic and international markets. Key players approach towards shifting their manufacturing units to developing countries in order to increase their presence is further accelerating the market growth. Developing regulatory scenario in emerging economies such as China and India is expected to support the market growth. Cobra Biologics Limited, Aldevron, Delphi Genetics, VGXI, Inc., PlasmidFactory GmbH & Co. KG, LakePharma, Inc., Akron Biotech, and Waisman Biomanufacturing are some of the major players operating in the market. Continuous business activities by players through merger & acquisition activities in order to increase their profit share and dominance in the global market will create new opportunities for players operating in the market.

Key Findings

    --  The global viral vector & plasmid DNA manufacturing market was valued at
        around US$ 270.2 Mn in 2017 and is expected to register a CAGR of above
        15.2% over the forecast period.
    --  Among the application segment gene therapy is expected to dominate the
        market globally, accounting for revenue share of around 54.5% in 2017.
        Rising R&D activities by major players pertaining to treatment of rare
        diseases through gene therapy is expected to support the segment growth.
    --  Among the disease segment cancer is expected to account for the largest
        share of the market followed by genetic disorder segment which occupied
        market share of around 33.3% in 2017.

Request for Customization@ https://www.acumenresearchandconsulting.com/request-customization/1335

The report is readily available and can be dispatched immediately after payment confirmation.

Buy this premium research report - https://www.acumenresearchandconsulting.com/buy-now/0/1335

If you would like to place an order or have any questions, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157 OR +1 408 900 9135

About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. Among the industries served include aerospace and defense, information and communication technology (ICT), semiconductor and electronics, healthcare and pharmaceuticals, chemicals, advanced materials, banking, finance services and insurance (BFSI), and others.

Our collective industry experience of over 100 years has helped us to offer appropriate market information and our global reach and regional connects ensures appropriate insights into regional markets to guarantee apt delivery of information.

Our regional market intelligence helps our clients to identify potential opportunities and develop growth strategies across regions and countries. Our services are geared towards offering best market research to our clients.

Contact Us:

Mr. Frank Wilson
Acumen Research and Consulting
17890, Castleton St #218, Rowland Heights, CA 91748 United States
Tel: +1-407-915-4157 OR +1-408-900-9135
Email: sales@acumenresearchandconsulting.com
Website: https://www.acumenresearchandconsulting.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/viral-vector-and-plasmid-dna-manufacturing-market-size-worth-us-1-8-bn-by-2026--300904349.html

SOURCE Acumen Research and Consulting