As per the latest report by VynZ Research, the global viral and non-viral vector manufacturing market is expected to witness significant growth in the coming years. The market is expected to grow at a CAGR of 18.45% from 2023 to 2030.
Viral and non-viral vectors are essential components of gene therapy, which is a promising approach for treating various genetic and acquired diseases. The increasing prevalence of cancer, genetic disorders, and viral infections is driving the demand for gene therapy, thereby fueling the growth of the viral and non-viral vector manufacturing market.
The market is segmented based on vector type, application, disease, end-user, and region. Based on vector type, the market is classified into viral and non-viral vectors. Among these, the viral vector segment is expected to hold the largest share of the market during the forecast period due to its high efficiency in gene delivery.
Based on application, the market is segmented into gene therapy, cell therapy, and vaccination. Gene therapy is expected to dominate the market during the forecast period due to the increasing number of clinical trials and approvals for gene therapy products.
Based on disease, the market is segmented into cancer, genetic disorders, infectious diseases, and others. The cancer segment is expected to hold the largest share of the market during the forecast period due to the increasing prevalence of cancer worldwide.
Based on end-user, the market is segmented into hospitals, research institutes, and biopharmaceutical companies. The biopharmaceutical companies segment is expected to dominate the market during the forecast period due to the increasing investment in research and development of gene therapy products.
Geographically, North America is expected to hold the largest share of the market during the forecast period due to the increasing number of clinical trials and approvals for gene therapy products, high healthcare expenditure, and the presence of key players in the region.
Overall, the global viral and non-viral vector manufacturing market is expected to witness significant growth in the coming years due to the increasing demand for gene therapy products and the growing prevalence of chronic diseases worldwide.
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