Viral Vector Production Market to Witness Tremendous Growth, USD 6.1 Billion by 2032, Claims AMR

Allied Market Research published a report, titled, “Viral Vector Production Market by viral vector type (Adenoviral Vectors, Lentiviral Vectors, Retroviral, Adeno-associated Viral Vectors and Other Viral Vectors), by Indication (Cancer, Genetic Disorders, Infectious Diseases, and Other Diseases), by application (Gene Therapy, and Vaccinology): Global Opportunity Analysis and Industry Forecast, 2023-2032 “. The viral vector production market was valued at $1.1 billion in 2022 and is estimated to reach $6.1 billion by 2032, exhibiting a CAGR of 18.8% from 2023 to 2032.

• CAGR: 18.8%
• Current Market Size: USD 1.1 Billion
• Fastest Growing Region: APAC
• Largest Market: North America
• Projection Time: 2023-2032
• Base Year: 2022

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2032?
• Which region has more opportunities?

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the viral vector production market analysis from 2022 to 2032 to identify the prevailing viral vector production market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the viral vector production market segmentation assists to determine the prevailing market opportunity.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global viral vector production market trends, key players, market segments, application areas, and market growth strategies.

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North America to maintain its dominance by 2032 

In 2022, North America commanded the largest market share in revenue within the viral vector production sector, representing over two-fifths of the global market. This dominance is projected to persist throughout the forecast period, propelled by the region’s robust healthcare infrastructure and the significant prevalence of cancer and genetic disorders.

Meanwhile, the Asia-Pacific region is anticipated to experience the swiftest compound annual growth rate (CAGR) of 19.8% from 2023 to 2032. This growth trajectory is fueled by the substantial population in countries like China and India, escalating healthcare expenditure, advancing healthcare infrastructure, and increasing awareness about gene therapy among the populace.

Key findings of the study

• Based on viral vector type, the adeno-associated viral (AAV) vectors segment was highest contributor to the market in 2022 and the lentiviral vector segment is anticipated to drive the market during the forecast period.
• Based on indication, the cancer segment dominated the market in 2022, and the genetic disorders segment is anticipated to grow at a fastest rate during the viral vector production market forecast period.
• Depending on application, the gene therapy segment led the market in 2022; and is anticipated to grow at the highest CAGR during the forecast period.
• Region wise, North America generated the largest revenue in 2022 in viral vector production industry. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Leading Market Players: -  

• Andelyn Biosciences
• Charles River Laboratories
• Danaher Corporation
• FinVector Oy
• Lonza
• Novartis AG
• Oxford Biomedica plc
• Takara Holdings Inc.
• Thermo Fisher Scientific Inc.
• Avid Bioservices Inc.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐋𝐢𝐟𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐃𝐨𝐦𝐚𝐢𝐧 –

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