VIRAL VECTOR AND PLASMID DNA TESTING SERVICES MARKET ANALYSIS | Coherent Market Insights

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2. VIRAL VECTOR AND PLASMID DNA TESTING SERVICES MARKET ANALYSIS Viral Vector and Plasmid DNA Testing Services Market, by Testing Services (Safety, Genetic Characterization, Purity, Identity, and Potency), by End User (Research Organizations and Pharmaceutical and Biotechnological Companies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Viral vectors are widely used in gene therapies. The viral vectors are majorly used by researchers to deliver genetic materials in the cells. Viral vectors are playing significant role in the pharmaceutical sector, as many research and innovations are ongoing for the development of drugs for treating cancer, cardiovascular diseases, ophthalmology, hematology, and many others. Market players are focusing on partnership to expand their business in the viral vector and plasmid DNA testing services market, which is expected to boost growth of the market over the forecast period. For instance, in November 2019, Harvard University and Massachusetts Institute of Technology entered into a partnership with GE Healthcare Life Sciences, Fujifilm, and five research hospitals, in order to build a research center worth US$ 50 million at Greater Boston, U.S. for developing new cell and gene therapy. The hospitals involved in the partnership include Beth Israel Deaconess Medical Center, Boston Children’s Hospital, Brigham and Women’s Hospital, the Dana-Farber Cancer Institute, and Massachusetts General Hospital.

4. Figure 1. Global Viral Vector and Plasmid DNA Testing Services Market Value (US$ Mn), by Region, 2018

5. Inorganic growth strategies such as business expansions adopted by key players is expected to boost growth of the global viral vector and plasmid DNA testing services market. The global viral vector and plasmid DNA testing services market is expected to witness significant growth over the forecast period, owing to business expansions by key players. For instance, in May 2016, Eurofins MWG Operon LLC., a subsidary of Eurofins Scientific Company, announced to open a new DNA sequencing Lab in Toronto, Canada, in order to offer sequencing services using Sanger method to researchers in Canada.

6. Increasing acquisitions by key players for better penetration in the market is expected to drive the market growth. North America is expected to hold a dominant position in the global viral vector and plasmid DNA testing services market, owing to increasing acquisition by key players, which is expected to drive the North America market growth over the forecast period. For instance, in September 2016, Charles River Laboratories, Inc. acquired Agilux Laboratories, Inc. for around US$ 62.0 million. The acquisition strengthened Charles River Laboratories, Inc.’s offering for client’s drug research process. Moreover, Europe is expected to be the second dominating region in the global viral vector and plasmid DNA testing services market over the forecast period, owing to acquisitions by key players in the region. For instance, in 2017 Eurofins Scientific acquired Amatsigroup, a CDMO offering preclinical and clinical phase services for the development of human and veterinary drugs. The acquisition is expected to strengthen Eurofins position in its BioPharma services business.

7. Key Players Major players operating in the global viral vector and plasmid DNA testing services market include Charles River Laboratories, Inc., WuXi AppTec Co., Ltd., Cobra Biologics and Pharmaceutical Services, Merck KGaA, Lonza, Eurofins Scientific, FinVector Vision Therapies, Advanced Bioscience Laboratories, Inc., Takara Bio Inc., ViruSure GmbH, and Genezen Laboratories among others.

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