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Europe lentiviral vector market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.9% in the forecast period of 2021 to 2028 and is expected to reach USD 322.41 million by 2028. Molecular biologists frequently use viral vectors to deliver genetic material into cells. This procedure can be carried out in vivo (inside a living organism) or in cell culture (in vitro). Viruses have developed specialized molecular mechanisms to transport their genomes efficiently inside the cells they infect. Growing demand for lentiviral vector and rise in infectious disease; are the major drivers which propelled the demand of the market in the forecast period.
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The major companies which are dealing in the Europe lentiviral vector market are Applied Biological Materials Inc., Creative Biolabs, bluebird bio, Inc., System Biosciences, LLC, Cobra Biologics Limited, FUJIFILM Diosynth Biotechnologies (a subsidiary of FUJIFILM Holdings Corporation), Sirion-Biotech GmbH, Merck KGaA, FinVector Oy, Oxford Biomedica, OriGene Technologies, Inc., Sino Biological Inc., Batavia Biosciences B.V., Lonza, Takara Bio Inc., Thermo Fisher Scientific Inc., and Cytiva (a subsidiary of Danaher) among others.
Europe Lentiviral Vector Market Scope and Market Size
Europe lentiviral vector market is segmented into eight notable segments on the basis of the component, type, generation, workflow, delivery method, disease indication, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of component, the Europe lentiviral vector market is segmented into lentiviral promoter, lentiviral fusion tags, and lentivirus packaging systems and other. In 2021, lentivirus packaging system segment is expected to dominate the lentiviral vector market due to rising technological advancements.
On the basis of type, the Europe lentiviral vector market is segmented into product and services. In 2021, product segment is expected to dominate the lentiviral vector market due to rising investments for gene therapy by European government.
On the basis of generation, the Europe lentiviral vector market is segmented into 4th-generation, 3rd-generation, 2nd-generation and 1st-generation. In 2021, 4th generation segment is expected to dominate the lentiviral vector market due to its reduced mutagenesis and associated side effects.
On the basis of workflow, the Europe lentiviral vector market is segmented into upstream processing and downstream processing. In 2021, upstream processing segment is expected to dominate the lentiviral vector market due to rising research organizations and activities in gene therapy.
On the basis of delivery method, the Europe lentiviral vector market is segmented into in vivo and ex vivo. In 2021, in vivo segment is expected to dominate the lentiviral vector market due to its accelerating research contributions and vaccine productions.
On the basis of disease indication, the Europe lentiviral vector market is segmented into cancer, genetic disorders, infectious diseases, veterinary disease and other. In 2021, cancer segment is expected to dominate the lentiviral vector market owing to the rising incidence of cancer cases in various regions of Europe.
On the basis of application, the Europe lentiviral vector market is segmented into gene therapy and vaccinology. In 2021, gene therapy segment is expected to dominate the lentiviral vector market due to broad range of its application and permanent cure provided for chronic diseases.
On the basis of end user, the Europe lentiviral vector market is segmented into biotechnology companies, pharmaceutical companies, contract research organizations, contract development and manufacturing organization (CDMO) and academic/ research institutes. In 2021, academic/ research institutes segment is expected to dominate the lentiviral vector market due to increasing number of new research institutes launches for R D applications.
For instance,
In September 2020, Waisman Biomanufacturing underwent strategic partnership with the California-based biotech company GigaGen in order to develop a new drug to treat and prevent COVID-19. This strategic partnership done by the company will increase the use of development and testing of new types of drugs by the Waisman Biomanufacturing leading to increased awareness of its services in the market.
In April 2021, Oxford Biomedica signs a new three-year Development Supply Agreement with Boehringer Ingelheim for the manufacture and supply of viral vectors. It is predicted that this agreement anticipated enhancing the sales growth of the company in the coming years.
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The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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