Lentiviral Vectors Market Size Is Estimated to Grow at a CAGR of 18.3% By 2027 | Coherent Market Insights
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Lentiviral vectors are used as a means to deliver foreign genetic material into another cell. These vectors are developed from lentivirus, a type of retrovirus, which are characterized by their long incubation period and can infect both dividing and non-dividing cells. The lentiviral vectors are derived from human immunodeficiency virus (HIV) and hence, these vectors are highly efficient vehicles for in vivo gene delivery for gene therapies.
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Market players are focusing on robust production of high quality lentiviral vectors through various inorganic growth strategies such as collaborations and agreements, which is expected to boost the global lentiviral vectors market growth over the forecast period. For instance, in June 2019, Servier Laboratories, an international pharmaceutical company, collaborated with Yposkesi, Inc, a contract development and manufacturing organization (CDMO), for the production of high quality lentiviral vectors.
The global lentiviral vectors market is estimated to be valued at US$ 176.9 million in 2020 and is expected to exhibit a CAGR of 18.3% over the forecast period (2020-2027).
Figure 1. Global Lentiviral Vectors Market Share (%) in Terms of Value, By Region, 2019
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Increasing research and development activities by market players is expected to propel the market growth over the forecast period
Various manufacturers are engaged in research and development activities for novel lentiviral gene therapies, which is expected to drive growth of the global lentiviral vectors market. For instance, on May 14, 2020, AVROBIO, Inc., a clinical-stage gene therapy company, presented pre-clinical data AVR-RD-03 for Pompe disease. The study showcased the potential of lentiviral gene therapy approach for Pompe disease manifestations in the muscle and central nervous system (CNS).
Increasing agreements and collaborations by market players is expected to drive the market growth over the forecast period
Key players are focusing on various inorganic growth strategies such as agreements and collaborations, which is expected to growth of the lentiviral vectors market over the forecast period. For instance, in May 2017, bluebird bio, Inc. entered into a license agreement with Novartis Pharma AG. Under this agreement, Novartis will non-exclusively license certain bluebird patent rights related to lentiviral vector technology to develop and commercialize therapies for oncology.
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Figure 2. Global Lentiviral Vectors Market Value (US$ Mn), 2016 – 2027
Global Lentiviral Vectors Market – Impact of Coronavirus (Covid-19) Pandemic
The U.S. Food and Drug Administration (FDA) released guidelines on conducting clinical trials of medical products during the COVID-19 public health emergency in March 2020. The guidelines were further updated on July 02, 2020.
The guidelines issued by the U.S. Food and Drug Administration (FDA) include general considerations to assist sponsors and researchers, which ensure the safety of trial participants, compliance with good clinical practice (GCP), and minimize the risks of trial integrity during the COVID-19 public health emergency.
The appendix of the guidelines has also provided answers to some general questions, which the U.S. Food and Drug Administration (FDA) had received from various sponsors and researchers about conducting clinical trials during the COVID-19 public health emergency.
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Lentiviral Vectors Market Restraint
The major factors restraining growth of the lentiviral vectors market is potential generation of replication competent virus and the possibility of oncogenesis through insertional mutagenesis.
Key Players
Major players operating in the global lentiviral vectors market include Thermo Fisher Scientific Sirion-Biotech GmbH, Vigene Biosciences, OriGene Technologies, Inc., SignaGen Laboratories, Sino Biological Inc., Takara Bio Inc., Cell Biolabs, Inc., GenTarget Inc., GENEMEDI, and bluebird bio, Inc.
Detailed Segmentation:
- Global Lentiviral Vectors Market, By Product Type:
- 1st-generation
- 2nd-generation
- 3rd-generation
- Global Lentiviral Vectors Market, By Indication:
- HIV
- β-thalassemia
- X-linked Adrenoleukodystrophy
- Metachromatic Leukodystrophy
- Wiskott-Aldrich Syndrome
- Global Lentiviral Vectors Market, By End User:
- Hospitals
- Clinics
- Research Institutes
- Global Lentiviral Vectors Market, By Region:
- North America
- By Product Type:
- 1st-generation
- 2nd-generation
- 3rd-generation
- By Indication
- HIV
- β-thalassemia
- X-linked Adrenoleukodystrophy
- Metachromatic Leukodystrophy
- Wiskott-Aldrich Syndrome
- By End User:
- Hospitals
- Clinics
- Research Institutes
- By Country:
- U.S.
- Canada
- By Product Type:
- Latin America
- By Product Type:
- By Indication
- By End User:
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Product Type:
- By Indication
- By End User:
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type:
- By Indication
- By End User:
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Product Type:
- By Indication
- By End User:
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product Type:
- By Indication
- By End User:
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- North America
Editor Details
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Company:
- CDN Newswire
