Report ID: UCMIG35H2123
Report ID:
UCMIG35H2123 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global plasmid DNA contract manufacturing market demonstrated robust growth, reaching a value of USD 273.3 million in 2022. It is projected to continue expanding at a compound annual growth rate (CAGR) of 19.3% from 2023 to 2030. Plasmid DNA contract manufacturing involves the production of plasmid DNA vectors used in gene therapy, vaccine development, and genetic engineering applications. The market growth can be attributed to the increasing adoption of gene therapies and the rising demand for personalized medicine. The advancements in biotechnology, specifically in the field of genetic engineering, have propelled the demand for plasmid DNA contract manufacturing services. However, regulatory challenges, quality control requirements, and the need for specialized infrastructure and expertise pose barriers to market growth. Nonetheless, the expanding scope of gene therapies and the continuous efforts to enhance manufacturing efficiency are expected to drive the market in the forecast period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35H2123