Viral Vector Manufacturing Market Recent Scope, Growing Popularity, Emerging Trends in the Market

2022-05-06 09:36:47 UTC | Healthcare & Pharmaceuticals
Viral Vector Manufacturing Market Recent Scope, Growing Popularity, Emerging Trends in the Market

The base year considered for the study is 2017 and the forecast for the market size is provided for the period between 2018 and 2023.

[107 Pages Report] The global viral vector manufacturing market was valued at USD 273.2 million in 2017 and is expected to grow at a CAGR of 20.0% during the forecast period to reach to USD 815.8 million by 2023. 

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Research Methodology

Top-down and bottom-up approaches were used to validate the size of overall viral vector manufacturing industry and estimate the size of other dependent submarkets. Various secondary sources such as Source: Annual Reports, SEC Filings, Investor Presentations, World Health Organization (WHO), National Institutes of Health (NIH), US Food and Drug Administration (FDA), American Society of Gene & Cell Therapy (ASGCT), European Medicines Agency (EMA), European Society for Gene and Cell Therapy (ESGCT), World Bank, Academic Journals, Company Websites, Expert Interviews, Annual Reports, SEC Filings, Investor Presentations, and MarketsandMarkets Analysis have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess the dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

The global viral vector manufacturing market is projected to reach USD 815.8 million by 2023 from USD 327.8 million in 2018, at a CAGR of 20.0%. Some key factors driving market growth include the rising prevalence of target diseases and disorders, the availability of funding for gene therapy development, effectiveness of viral vectors in gene therapy delivery, and ongoing research into viral vector-based gene & cell therapies. Untapped potential in emerging markets is expected to offer lucrative growth opportunities for players in the market.

In this report, the global market is segmented by type, disease, application, end user. By type, the market is segmented into retroviral vectors, adenoviral vectors, adeno-associated viral vectors, and other viral vectors. The adeno-associated viral vector manufacturing segment is expected to grow at the highest CAGR during the forecast period as they have applications in most cell-based gene therapies.

Based on disease, the market is segmented into cancer, genetic disorders, infectious diseases, and other diseases. In 2018, cancer is expected to account for the largest share of the global market. Its large share can be attributed to growing research on viral vector gene therapies for cancer.

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Key Players:

While the overall market is expected to grow during the forecast period, the high price of gene therapies and short shelf-life of viral vectors are likely to restrain the growth of this market to a certain extent. The major players in the global market include Lonza (Switzerland), Merck (Germany), Oxford BioMedica (UK), CGT Catapult (UK), Cobra Biologics (UK), uniQure (Netherlands), FUJIFILM Diosynth Biotechnologies (US), and Spark Therapeutics (US).

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