Growing research in areas such as regenerative medicine and cell therapies is driving demand for lentiviral vectors for their ability to deliver genes to dividing as well as non-dividing cell types. Also, rising genetic and degenerative disorders propel development of advanced treatment methods including gene therapy using lentiviral vectors.
The Global lentiviral vectors market is estimated to be valued at US$ 336.39 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the lentiviral vectors market are Tata Communications Ltd., Amazon CloudFront €“ Amazon.com Inc., Cachefly, CDNetworks Co., Ltd., CDNify Ltd., CDNsun, CDNvideo, CloudFlare, Inc., EdgeCast Networks, Fastly, Proinity LLC, Limelight Networks Inc., Skypark CDN, and Level 3 Communication Inc. These players are focusing on organic and inorganic growth strategies to strengthen their market positions.
For instance, in 2023 Vector Biolabs acquired Vigene Biosciences to expand its lentiviral vector production capabilities.
The major opportunities in the Lentiviral Vectors Market include their increasing usage in gene therapy clinical trials for diseases such as cancer, HIV/AIDS, cardiovascular disorders. Over 2500 gene therapy clinical trials are ongoing worldwide creating sizable opportunities.
Additionally, expansion of research infrastructure especially in Asia Pacific is expected to boost regional market growth during the forecast period.
Market Drivers
One of the key drivers of lentiviral vectors market is the rising demand for advanced gene therapies. Several gene therapy products and pipeline candidates use lentiviral vectors to genetically modify cells for treatment of monogenic and complex diseases. Continued success of gene therapies such asLuxturna and Zolgensma is encouraging research into more indications. Furthermore, increasing funding towards lentiviral vector based research by both private and public agencies worldwide will propel market revenues.
PEST Analysis
Political: Regulations regarding biosafety level facilities for lentiviral vectors production as well as guidelines for clinical trials will impact the market.
Economic: Funding availability for research from government and private organizations influences the market.
Social: Increased awareness and acceptance for advanced therapies positively impacts the market.
Technological: Development of novel vectors with improved safety profiles and production efficiency augment the market. Advancements in techniques for targeting specific cell types boost the market.
North America accounts for the major share of the lentiviral vectors market value-wise, owing to presence of major market players and ongoing clinical research. Asia Pacific is expected to witness rapid growth during the forecast period with increasing investments in cell and gene therapy research from government as well as private organizations in countries such as China and India.
Europe is one of the largest and fastest growing regional markets for lentiviral vectors. This can be attributed to the advancements in gene therapy research supported through funding from European Commission. Substantial research on hemophilia, cancer and HIV/AIDS also drive the European lentiviral vectors market.
Get more insights on This Topic- Lentiviral Vectors Market