Viral Vector and Plasmid DNA Manufacturing Market, by Product Type (Viral Vector, Plasmid DNA, and Nonviral Vector), by Application (Cancer, Inherited disease, Viral Infection, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 290.0 million in 2017, and is projected to exhibit a CAGR of 22.5% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.
Research and development of novel viral vector and plasmid DNA by market players is expected to augment the market growth
Key players in the market are focused on research and development of novel viral vector and plasmid DNA, in order to treat complex cases and address critical unmet needs of patients. For instance, in June 2016, Penn Medicine launched a new program 3.0 Adeno Associated Vector (AAV) to develop new generation viral vector for better treatment of inherited and other diseases.
Similarly, Medigen’s innovative JEV live-attenuated vaccine, uses iDNA technology for preparation of safer vaccines against Japanese Encephalitis Virus (JEV) infections. The study results were positive and there is possibility of using this vaccine in Japanese Encephalitis Virus. iDNA vaccine includes genetic and physical stability, ease of production, and high purity of DNA vaccines, as well as high efficacy of live-attenuated vaccines.
Moreover, launch of new viral vector and plasmid DNA products, is expected to boost the market growth during the forecast period. For instance, in October 2018, Valneva Austria GmbH received approval from the U.S. Food and Drug Administration (FDA) for IXIARO vaccine to use in prevention of disease caused by JEV in persons 2 months of age and older.
Browse 25 Market Data Tables and 27 Figures spread through 169 Pages and in-depth TOC on ‘Human Viral Vector and Plasmid DNA Manufacturing Market’- Global Forecast to 2026, by Product Type (Viral Vector, Plasmid DNA, and Nonviral Vector), by Application (Cancer, Inherited disease, Viral Infection, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance its r product portfolio. For instance, in March 2016, Spark Therapeutics acquired Genable Technologies, a company involved in developing new gene medicines to treat inherited retinal disease (IRD).
Key Takeaways of the Viral Vector and Plasmid DNA Manufacturing Market:
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