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Viral and Non-viral Vector market is witnessing rapid growth, with the market valued at US$ 551.85 million in 2023 and projected to reach US$ 3,505 million by 2030. This expansion reflects a remarkable CAGR of 31.84% during the forecast period from 2024 to 2030.
Market Overview
Vectors play a vital role in gene delivery systems, with their application critical in gene therapy, vaccine development, and advanced cell-based therapies. These vectors are categorized into:
Viral Vectors: Modified viruses like lentivirus, adenovirus, retrovirus, and adeno-associated viruses (AAV) used for high-efficiency gene delivery.
Non-viral Vectors: Synthetic carriers such as liposomes, nanoparticles, and naked DNA with safer profiles and easier production scalability.
Increased investments in biotechnology and advancements in genetic engineering are major factors propelling demand for both vector types.
Regional Insights
North America: Expected to grow from US$ 232 million in 2023 to US$ 1,423 million by 2030, at a CAGR of 31%.
Asia-Pacific: Forecasted to expand from US$ 141 million in 2023 to US$ 983 million by 2030, showcasing a CAGR of 33.67%.
This growth is supported by rising healthcare R&D expenditures and expanding gene therapy trials across developed and emerging economies.
Top Companies in the Market
Thermo Fisher Scientific
Lonza
Azenta Life Sciences
Revvity
VectorBuilder
Takara Bio
GenScript Biotech
Gene Chem
Geno Meditech
PackGene Biotech
These companies accounted for approximately 62.03% of the global revenue in 2023, underlining their dominance in supplying high-quality viral and non-viral vectors for therapeutic applications.
Market Segmentation
By Type
AAV
Lentiviruses
Retroviruses
Adenoviruses
DNA Plasmids
Others
By Application
Pharmaceutical and Biopharmaceutical Companies
Academics and Research Institutes
Others
Growth Drivers
Restraints
Opportunities
Challenges
The Viral and Non-viral Vector market is poised for exponential growth, led by rising gene therapy applications, technological breakthroughs, and expanding global research efforts. Companies investing in advanced manufacturing capabilities, non-viral vector innovations, and global market outreach stand to benefit significantly in the years ahead.
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