Viral Vectors & Plasmid DNA Manufacturing Market– Statistics And AnalysisPosted by Mrudula Anil Karmarkar on April 28th, 2021 The global viral vectors & plasmid DNA manufacturing market size is expected to reach USD 1.1 billion by 2027, exhibiting a 14.52% CAGR, during the forecast period, according to a new report by Grand View Research, Inc. Currently, more than 700 cell and gene therapies are in clinical trials and vectors are used in nearly 70% of these therapies. As a result, demand for vectors has exceeded the supply rate. Thus, an increase in the number of advanced therapy-based discovery programs initiated by biotechnology and pharmaceutical companies is expected to drive investments in the market. Biopharmaceutical innovators are at the forefront of the human response to the coronavirus pandemic. A significant number of major biotech firms are in the midst of a race to investigate the Sars-Cov-2 genome and prepare a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a considerable amount of funds are being put into the R&D. With multiple candidates in trial, the public and private sectors are anticipated to work in unison for the foreseeable period, until a vaccine is developed for Covid-19. The report will account for Covid19 as a key market contributor. Current production methods for viral vectors are considered tedious, as they are only applicable for scale-out but not for scale-up. Development of a proprietary CAP-GT technology-based cell suspension system by CEVEC Pharmaceuticals GmbH has effectively addressed the challenge of scaling-up by allowing easy handling and improved efficiency of cells. Considering growing opportunities in vector production, the Original Equipment Manufacturers (OEMs) are making focused efforts to gain a competitive advantage in the market. For example, the introduction of ready-to-run factory-in-a-box to accelerate the production of virus-based therapeutics by GE healthcare, as a solution to simplify and advance the manufacturing process. High transfection efficiency, effective gene delivery, and stable gene expression have made viral vectors a preferred choice for gene transfer. The rising preference for viral vectors in gene transfer is evident by the increase in registration of clinical trials on viral vector-mediated gene therapy. In the first quarter of 2020, around 372 clinical trials were registered that involved vector-mediated gene therapy production. Viral Vectors & Plasmid DNA Manufacturing Market Report Highlights
Considering the efficiency and clinical benefits of Advanced Therapies Medicinal Products (ATMPs), various market stakeholders are constantly designing strategies to overcome the existing challenges and spur ATMPs usage. Moreover, the recent announcement by the Food and Drug Administration (FDA) commissioner about improving regulatory support for the cell and gene therapy sector to keep up the pace with the clinical progress has substantiated the anticipated success of ATMPs. Vector manufacturing is one of the most complex and resource-intensive processes in ATMPs manufacturing. In October 2020, GE Healthcare Life Sciences launched FlexFactory single-use biomanufacturing platform-based KUBio box as a fully-integrated and flexible biomanufacturing environment to affectively address the aforementioned challenge and speed-up the development of viral vector-based gene therapies. However, expensive and highly regulated processes for vector production in large quantities required for large-scale clinical trials are the key challenges cited by industry experts. Moreover, the shortfall of expertise in terms of scale, complexities, and quality assurance for vector production has hampered in-house manufacturing to a certain extent. The proliferation of contract manufacturers has effectively addressed the above-articulated manufacturing challenges by offering a wide array of services for vector manufacturing, thus driving the market growth. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/5352/ibb The market is witnessing high competition with the presence of few established players and a growing number of mid-tier companies and startups. The companies are adopting various business strategies, such as strategic alliances with biopharmaceutical companies and research institutes, to gain a competitive edge. In addition, expansion of production sites and operational capacity in markets such as the U.S. and U.K. to cater to the growing demand for viral vectors is anticipated to accelerate the revenue share of the companies. Furthermore, high-tier companies are marking the entry in this space through acquisitions of emerging players. For example, in May 2020, Thermo Fisher acquired Brammer Bio and in August 2020, FUJIFILM acquired Biogen (Denmark) Manufacturing ApS. Novasep, Merck, Cobra Biologics, uniQure N.V., Waisman Biomanufacturing, Creative Biogene, The Cell and Gene Therapy Catapult, Aldevron, and Addgene are some key companies operating in this market. They offer services for manufacturing of DNA plasmids and virus for pre-clinical research, human clinical trials, and toxicology studies. Grand View Research has segmented the global viral vectors and plasmid DNA manufacturing market on the basis of vector type, workflow: Viral Vector and Plasmid DNA Manufacturing Vector Type Outlook (Revenue, USD Million, 2016 - 2027)
Viral Vector and Plasmid DNA Manufacturing Workflow Outlook (Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it!More by this author |