Market Trends of Lentiviral Vector Contract Development And Manufacturing Organizations Industry
Cancer is Expected to Hold a Major Share in the Studied Market Over The Forecast Period.
Lentiviral vectors are a type of modified virus commonly used in gene therapy for cancer treatment. CDMOs are responsible for the design, development, and optimization of lentiviral vectors tailored for specific cancer therapies. This involves engineering vectors to efficiently deliver therapeutic genes to target cancer cells.
The increasing prevalence of cancer is drive the demand for advanced and effective therapeutics, leading to new investments by companies and other stakeholders, like governments, for the identification, testing, and development of novel cancer therapeutics. For instance, according to the Canadian Cancer Statistics 2023 report, about 239.2 thousand new cancer cases were reported in 2023 in Canada, compared to 233.9 thousand in 2022. Thus, the growing burden of cancer is expected to create the demand for drug development and manufacturing services which is likely to contribute to segment growth.
The increasing research & development activities and collaboration with CDMO providers to effectively complete the drug development process using lentiviral vectors are expected to contribute to segment growth. For instance, in March 2023, Eutilex, a partner of GenScript ProBio, a CDMO announced that Ministry of Food and Drug Safety (MFDS) clearance of its hepatocellular carcinoma clinical trial application for innovative CAR-T program (EU307). GenScript ProBio provided integrated plasmid and lentiviral vector CMC service to Eutilex and helped with the CTD document writing for MFDS IND filing.
Hence, increasing research and development activities involving lentiviral vectors are expected to create demand for CDMO services over the forecast period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
The North American region is expected to dominate the market over the forecast period due to increasing research advancements in gene therapy, rising research for the development of new vaccines using lentivirus, and the presence of major market players offering lentiviral vector contract development and manufacturing services in the region.
North America is a hub for cutting-edge research in gene therapy and region is home to numerous academic institutions, biotech companies, and research organizations that are actively engaged in developing innovative gene-based treatments. For instance, in September 2022, Charles River a CDMO reported that the lentiviral vector platform enables a cost-effective and reliable path to GMP in less than seven months. Lentivation integrates the three pillars of plasmid DNA, lentiviral vector production, and testing, to provide LVV-based gene therapy and gene-modified cell therapy . Hence, the adoption of these services is expected to increase due to the benefits offered by the services, thereby boosting market growth.
Companies in North America often engage in collaborations and partnerships with academic institutions, research organizations, and other industry players. These collaborations facilitate knowledge exchange, give access to cutting-edge technologies, and pooling of resources for research and development. For instance, in September 2023, Kyverna Therapeutics announced a non-exclusive, multi-year license and supply agreement with Oxford Biomedica plc, a quality and innovation-led viral vector CDMO, enabling the use of LentiVector with any Kyverna product.
Hence, growing interest in cell and gene therapy, substantial investment, and strategic collaborations and partnerships are expected to boost the market in the North American region over the forecast period.
Lentiviral Vector Contract Development And Manufacturing Organizations Market Report Snapshots
- Lentiviral Vector Contract Development And Manufacturing Organizations Market Size
- Lentiviral Vector Contract Development And Manufacturing Organizations Market Share
- Lentiviral Vector Contract Development And Manufacturing Organizations Market Trends
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