LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global viral vectors market and the market is poised to grow by USD 493.23 million during 2020-2024 at a CAGR of over 18% during the forecast period. Request Free Sample Pages
Read the 154-page research report with TOC on "Viral Vectors Market Analysis Report by Geography (Asia, Europe, North America, and ROW), by Application (Gene therapy and Vaccines), and Segment Forecasts, 2020-2024".
The market is driven by the rising prevalence of chronic diseases. In addition, the emergence of novel technologies to manufacture viral vectors is anticipated to further boost the growth of the viral vectors market.
The development of therapies using viral vectors is in high demand due to the growing incidence of various life-threatening diseases such as diabetes, heart disease, HIV, cancer, and hemophilia A. Researchers are using viral vectors to develop curative therapies for cancer diseases such as bladder cancer, melanoma of the skin, lung and bronchus cancer, and other types of cancers. This is because viral vectors are a promising tool for the development of vaccines and gene therapy. Thus, the rising prevalence of chronic disease is expected to drive market growth during the forecast period.
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Major Five Viral Vectors Market Companies:
Asklepios BioPharmaceutical Inc.
Asklepios BioPharmaceutical Inc. is headquartered in the US and operates the business under the segment: Gene therapy. The company offers Adeno-associated virus vectors to various end-users such as pharmaceutical and biopharmaceutical companies, and research institutes.
Batavia Biosciences BV
Batavia Biosciences BV is headquartered in the Netherlands and offers products through the following business units: Viral vectors, Viral vaccines, and Proteins and antibodies. The company offers Adeno-associated virus vectors, Lentiviral vectors, Measles virus vectors, and Adenovirus vectors to various end-users.
Cobra Biologics Ltd.
Cobra Biologics Ltd. is headquartered in the UK and operates under various business segments, namely DNA, Viral vectors, Technical proteins, Microbiota, and Fill finish. The company offers Lentiviral vectors, Adenoviral vectors, and Adeno-associated virus vectors to various end-users.
Creative Biogene is headquartered in the US and offers products through the following business segments: Products and Services. The company offers Herpes simplex virus vector, Measles virus vector, Vaccinia virus vector, Adenovirus vector, Vesicular stomatitis virus vector, and Retroviral vectors to various end-users.
FinVector Oy is headquartered in Finland and offers products through the segment, Services. The company offers Adenoviral vectors, Adeno-associated virus vector, and Lentiviral vectors to various end-users pharmaceutical and biopharmaceutical companies, and research institutes.
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Viral Vectors Application Outlook (Revenue, USD Million, 2020-2024)
- Gene therapy
Viral Vectors Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
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