Adeno Associated Virus Vector Manufacturing Market Size | CAGR 12.8% Rise Forecast 2030 | Key Player

by kalpesh on April 4, 2024

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Adeno-Associated Virus Vector Manufacturing Market Expected to Reach $3.21 Billion by 2030, Driven by Gene Therapy Advancements

The global adeno-associated virus (AAV) vector manufacturing market is projected to reach USD 3.21 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 12.8%, according to a new report by Maximize Market Research. This growth is fueled by the increasing adoption of gene therapies, particularly in gene augmentation and immunotherapy applications.

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Market Overview

AAV vectors are modified viruses used to deliver therapeutic genes into targeted cells, offering a promising approach for treating a wide range of genetic and acquired diseases. The AAV vector manufacturing market caters to the growing demand for these gene therapies by providing the necessary manufacturing infrastructure and expertise.

Market Scope

The report by Maximize Market Research offers valuable insights into the AAV vector manufacturing market landscape. It identifies key trends, drivers, and restraints impacting the industry, along with a comprehensive analysis of the competitive landscape. This information empowers businesses to make informed decisions regarding market entry, product development, and strategic partnerships.

Segmentation

The market is segmented by therapy type (gene augmentation, immunotherapy, others), therapeutic area (neurological disorders, metabolic disorders, ophthalmic disorders, etc.), application (gene therapy, cell therapy, vaccines, etc.), and end-user (biopharmaceutical companies, research institutions, hospitals and clinics, etc.).

Gene Augmentation Leads Therapy Type Segment: Gene augmentation therapy, which aims to introduce functional genes to compensate for genetic deficiencies, is the most dominant segment due to its potential for treating inherited disorders.
Immunotherapy Gains Traction: The immunotherapy segment is witnessing significant growth due to its effectiveness in treating various diseases. Advancements in vector design and manufacturing processes are enabling the development of more potent and targeted immunotherapies.

Market Players

1. Lonza Group Ltd. (Europe)
2. Fujifilm Diosynth Biotechnologies (North America, Europe)
3. Oxford Biomedica plc (Europe)
4. Brammer Bio (North America)
5. Cobra Biologics (Europe)
6. Thermo Fisher Scientific Inc. (North America)
7. uniQure N.V.(Europe)
8. FinVector Vision Therapies (Europe)
9. Kaneka Eurogentec S.A. (Europe)
10. MassBiologics (North America)
11. Spark Therapeutics (North America)
12. Vigene Biosciences (North America)
13. Novasep Holding SAS (Europe)
14. Bluebird Bio (North America)
15. Aldevron (North America)
16. Cell and Gene Therapy Catapult (Europe)
17. MeiraGTx Holdings plc (Europe)
18. Virovek Inc. (North America)
19. Applied Genetic Technologies Corporation (AGTC) (North America)
20. Genethon (Europe)
21. 4D Molecular Therapeutics (North America)
22. REGENXBIO Inc. (North America)
23. Fujifilm Cellular Dynamics Inc. (North America)
24. Krystal Biotech Inc. (North America)
25. Sarepta Therapeutics (North America)

Regional Analysis

North America is expected to hold the largest market share due to a well-established gene therapy research infrastructure and high healthcare spending. However, Asia Pacific is anticipated to witness the fastest growth due to increasing government support for gene therapy development and a rising patient population.

COVID-19 Impact Analysis

The report assesses the impact of COVID-19 on the AAV vector manufacturing market. It explores the challenges faced by the industry during the pandemic, such as supply chain disruptions and delays in clinical trials. However, the report also highlights the potential benefits of COVID-19 vaccine development using AAV vectors, which may ultimately accelerate market growth.

Key Questions Answered

The report addresses critical questions for businesses and investors in the AAV vector manufacturing market, including:

What are the major factors driving the growth of the AAV vector manufacturing market?
Which therapy type holds the largest market share?
How is the competitive landscape of the market evolving?
What are the key trends shaping the future of the market?
What is the expected market size by 2030?
What are the potential opportunities and challenges in the AAV vector manufacturing market?

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