VIRAL VECTORS AND PLASMID DNA MANUFACTURING MARKET ANALYSIS
The global viral vector and plasmid DNA manufacturing market is expected to be valued at US$ 427.2 million in 2019, and is expected to exhibit a CAGR of 22.8% over the forecast period (2019-2027).
Figure 1. Global Viral Vector and Plasmid DNA Manufacturing Market Value (US$ Mn), by Region, 2019
Source: Coherent Market Insights Analysis (2020)
Increasing number of gene therapy patients is expected to propel the market growth over the forecast period
The increasing number of patients opting for gene therapy for treating diseases such as cancer, cystic fibrosis, heart disease, diabetes, hemophilia, and AIDS is expected to drive growth of the viral vector and plasmid DNA manufacturing market over the forecast period. For instance, Adeno-associated AAV2 vectors carrying therapeutic gene (RPE65) intra-retinal injection lead to improve vision of individuals suffering from Leber’s Congenital Amaurosis.
Figure 2. Global Viral Vector and Plasmid DNA Manufacturing Market Share (%), by Therapeutic Application, 2027
Source: Coherent Market Insights Analysis (2020)
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