Market Research Reports Global Viral Vector Manufacturing Market Size stud | Page 2

According to the market report analysis, the Viral Vectors are tools commonly used by molecular biologists to deliver genetic material into cells. The market growth is primarily attributed to the availability of funding for the advancement of gene therapy, and increasing prevalence of cancer, genetic disorders & infectious diseases. However, the market growth is restricted by the high risk of undesirable outcomes. The significant developments in Gene therapy to cure rare diseases such as cancer, chronic diseases and also some genetic disorders, are leading the increasing number of clinical trials. The high number of active clinical trials to get to the security of the viral vector vaccine in the North America area has likewise given a noteworthy driving force to the Viral Vector Manufacturing Market. For example, as of 2016, a clinical study named Dose-Ranging trial of safety & immunogenicity of an oral adenoviral-vector based RSV vaccine is going-on in Optimal Research Melbourne, Florida (United States), in order to detect respiratory syncytial virus (RSV). On March 2017, as per the official website of the company named American Gene Technologies International Inc (United States), has collaborated with Geo Vax Labs Inc to conduct a Phase 1 clinical trial investing AGT’s viral vector vaccines to cure HIV infection. Viral vector-based vaccines are considered one of the most promising candidates for vaccine development; hence growing R&D expenditure for the development of new medicines in North America presents a huge opportunity for the growth of Viral Vector Manufacturing Market. The Global Viral Vector Manufacturing Market is segmented on the basis of Type, Disease, Application, Industry and Region. By Type of disease, the Global Viral Vector Manufacturing Market is segmented into Genetic disorders, infectious disease, cancers and others. Currently the market is dominated by Cancer disease with 46.75% revenue share in 2017. Based on the Type, the Global Viral Vector Manufacturing Market is sub-segmented into Adenoviral, Retroviral, Adeno-associated viral and others. Among these retroviral holds the largest revenue share of 32.37% in 2017. Viral vectors are promising tools for gene therapy and vaccines. The viral vector vaccine segment was anticipated to dominate the revenue share in 2015 with 53.43% revenue share in 2015. However, gene therapy segment is anticipated to surpass the global revenue share in 2018. Current Industry News: Lonza (May 16, 2019) – Lonza Launches Capsugel Zephyr - New Dry-Powder Inhalation Capsule Portfolio – Today Lonza announced the launch of Capsugel Zephyr, its new dry-powder inhalation (DPI) capsule portfolio, the most complete portfolio of DPI capsules to meet the growing need for customized solutions for optimal pulmonary drug delivery. Respiratory diseases like chronic obstructive pulmonary disease (COPD) and asthma are on the rise globally and are among the most life-threatening. Lonza’s Capsule Delivery Solutions team developed Capsugel Zephyr capsules as a portfolio of high-quality, highly customizable DPI capsules of different polymers and compositions, and product customization services to help address the specific needs of inhalation drug products manufacturers. Top Leading Key Manufacturers are: Wuxi Apptec, CGT Catapult, Lonza, UniQure, Merck, Cobra Biologics, Oxford BioMedica, Fujifilm Diosynth Biotechnologics and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.