The vector purification market has great potential owing to the increasing demand for gene therapies. Vector purification is used to separate viral particles from other contaminants like host cell proteins and endotoxins for ensuring safe and effective gene therapy. The technique plays a pivotal role in production of gene therapy and cell therapy products.
The Vector Purification Market is estimated to be valued at US$ 336 Mn in 2024 and is expected to exhibit a CAGR of 21.% over the forecast period 2024-2031.
Vector purification involves concentration and purification of viral vectors and removal of impurities from vector preparations. It is a critical step in viral vector manufacturing and helps isolate viral particles that are free of contaminants. With growing number of gene therapy clinical trials and product approvals, there is increasing focus on developing efficient and reliable vector purification processes.
Key Takeaways
Key players operating in the vector purification market are Agilent Technologies, BIA Separations, Bio-Rad Laboratories, Merck, and Thermo Fisher Scientific. These companies offer a wide range of products for vector purification like columns, cassettes, kits, and systems.
The increasing R&D investments in cell and gene therapy present many opportunities for players in the vector purification market. Technologies like affinity chromatography, ion exchange chromatography, and size exclusion chromatography are being widely adopted for purifying gene therapy vectors.
Globally, North America dominates the vector purification market due to presence of major pharmaceutical players and gene therapy companies in the region. However, Asia Pacific is expected to witness highest growth over the forecast period with rising biopharmaceutical industry in China, India and other emerging countries. Manufacturers are expanding their presence across Asia to tap the growth potential.
Market Drivers
Growing number of gene therapy clinical trials- Over 2500 gene therapy clinical trials are currently underway globally. This is driving increased demand for vector purification products from biopharma companies and research institutes.
Increasing adoption of personalized medicine - Precision gene therapies tailored to individual patient's genetic makeup are gaining popularity. This requires high vector purity levels ensured through advanced purification techniques.
Market Restrain
High costs associated with vector purification technologies- Chromatography systems, kits and other consumables make vector purification an expensive process. This could act as a restraint for small labs and startups working on gene therapy research.
Stringency of regulatory guidelines- Regulatory bodies like FDA impose stringent purity specifications for vectors used in clinical research and commercial production. Meeting these quality standards increases regulatory compliance costs.
Segment Analysis
Vector Purification market can be segmented based on type, application and end user. Based on type, the market is divided into plasmid DNA purification kits, PCR clean-up kits, genomic DNA purification kits, mRNA purification kits and other kits. Among these, plasmid DNA purification kits dominates the market as it holds around 35% share and is expected to remain dominant during the forecast period as well. This is mainly due to increasing R&D in gene therapy and rising demand for isolation of high yield and quality of plasmid DNA for downstream analysis.
Based on application, the Vector Purification market is segmented into hospital and diagnostics centers, academic and research institutes, pharmaceutical & biotechnology companies. Academics and research institutes form the largest segment and are expected to grow at a fast pace during the forecast period. Rising government funding for life science research and growing R&D activities for development of novel drug targets are driving the growth of this segment.
Global Analysis
North America dominated the Vector Purification Market in 2024 with a share of around 35%, followed by Europe and Asia Pacific. Presence of major players, well established biotechnology industry and high funding for R&D activities are driving the growth in these regions. Asia Pacific is expected to witness highest CAGR during the forecast period due to improving healthcare infrastructure, low manufacturing costs and increased investments by government as well as private sectors in life science research in countries like China and India.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. (LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )
What Are The Key Data Covered In This Vector Purification Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Vector Purification Market's growth between 2024 and 2031.
:- Accurate calculation of the size of the Vector Purification Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Vector Purification Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Vector Purification Market vendors
FAQ’s
Q.1 What are the main factors influencing the Vector Purification Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Vector Purification Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Vector Purification Market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it