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global Plasmid DNA Manufacturing Market Growth Accelerated by Increasing Demand for Novel Therapies

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Lucy Kart
global Plasmid DNA Manufacturing Market Growth Accelerated by Increasing Demand for Novel Therapies

Plasmid DNA is genetic material used in manufacturing biopharmaceutical products and cell and gene therapies. It is advantageous for developing novel therapies due to its ability to manipulate gene expression and protein function in living cells.

The global Plasmid DNA Manufacturing Market is estimated to be valued at US$ 901.2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand for cell and gene therapies has accelerated the growth of the plasmid DNA manufacturing market significantly. Cell and gene therapies are novel treatment options that replace, manipulate or supplement DNA/RNA to cure diseases. Plasmid DNA serves as an important component in the manufacturing of various cell and gene therapy products. With growing success of approved gene and cell therapy products, the demand for plasmid DNA from biopharmaceutical companies is expected to surge over the forecast period. This will propel the plasmid DNA manufacturing market growth.

Segment Analysis

The global Plasmid DNA Manufacturing Market is segmented on the basis of product, application, and end user. The product segment is further classified into DNA and RNA plasmids. Among them, the DNA plasmids sub-segment dominates the market owing to extensive research and therapeutic applications of DNA plasmids in gene therapy and vaccine production.

Key Takeaways

The global Plasmid DNA Manufacturing Market is expected to witness high growth over the forecast period of 2023 to 2030. Global Plasmid DNA Manufacturing Market Size is estimated to be valued at US$ 901.2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030.

Regional analysis shows that North America region holds the largest share in the Plasmid DNA Manufacturing market currently due to increasing research investments by government and private players. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to improving healthcare infrastructure and increasing awareness about gene therapy applications.

Key players related content comprises

Key players operating in the Plasmid DNA Manufacturing market are Cobra Biologics and Pharmaceutical Services (Charles River Laboratories), VGXI, Inc., Aldevron (Danaher), Kaneka Corporation, Nature Technology, PlasmidFactory GmbH & Co. KG, Cell and Gene Therapy Catapult, LakePharma, Inc., MeiraGTx Limited, Eurofins Genomics, Vigene Biosciences, Luminous BioSciences (LBS), LLC, GenScript, GENEWIZ, Creative Biogene, Akron Biotech, Biomay, JAFRAL Ltd., WuXi Biologics, GeneImmune Biotechnology Corp., Lonza, Greenpak Biotech Ltd., Luina Bio (AcuraBio), Ajinomoto Bio-Pharma, Synbio Technologies, Genopis Inc., Altogen Biosystems, Puresyn, Inc., Cepham Life Sciences, Catalent, Inc., Biomiga, Waisman Biomanufacturing.

Get More Insights on this Topic- https://www.rapidwebwire.com/plasmid-dna-manufacturing-market-size-share-and-demand/ 

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