Lentiviral Vectors Market Holds High Growth Potential Owing To Wide Usage In Gene Therapy Applications
Lentiviral vectors are advanced gene delivery tools derived from HIV that have the ability to efficiently transduce dividing and non-dividing cells. They are widely utilized in gene therapy research and clinical applications due to their high delivery efficiency and ability to integrate into the host cell genome. Lentiviral vectors allow long-term expression of therapeutic genes and are being applied to develop treatments for monogenic genetic diseases, cancer, and infectious diseases.
The global lentiviral vectors market is estimated to be valued at US$ 292 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the primary drivers for the high growth of the lentiviral vectors market is their wide usage in gene therapy research and clinical trials. According to the Journal of Clinical Investigation, as of 2018, over 2000 gene therapy clinical trials have been conducted globally, out of which lentiviral vectors were used as a delivery tool in more than 300 trials. Their ability to efficiently transduce both dividing and non-dividing cells enables development of therapies for a wide range of disease conditions. Additionally, lentiviral vectors possess high integration efficiency within the host genome, allowing long-term therapeutic gene expression. This property makes them suitable for developing treatments for chronic diseases that require life-long genomic modification.
SWOT Analysis
Strength: Lentiviral vectors have emerged as viable tools for gene therapy applications due to their ability to stably integrate into the genome of both dividing and non-dividing cells. Their ability to deliver large genes effectively makes them an attractive option. Efforts to address safety concerns have led to self-inactivating vectors with a reduced risk of insertional mutagenesis.
Weakness: Early generation lentiviral vectors exhibited a risk of insertional mutagenesis due to random vector integration that could potentially disrupt host genes and cause cancer. Certain structural components and production methods also pose challenges from a safety and scalability perspective.
Opportunity: The growing field of gene and cell therapy represents a major opportunity area. Lentiviral vectors are increasingly being evaluated for in vivo gene delivery applications including cancer immunotherapy and monogenic diseases. Advances in vector design aimed at improving safety and tissue specificity also present opportunities.
Threats: Safety concerns continue to be a challenge though new generations of vectors have alleviated some risks. High production costs also limit widespread commercial applications currently. Increased regulatory scrutiny for any gene therapy modality also poses uncertainties. Competition from other virus-based systems such as AAV may capture larger market share.
Key Takeaways
The global Lentiviral Vectors Market Growth is expected to witness high growth over the forecast period. Advancements in vector engineering are helping address past challenges and enabling wider adoption in gene and cell therapy applications. Lentiviral vectors offer advantages over other viral systems and represent an enabling technology for various therapeutic areas. The global Lentiviral Vectors Market is estimated to be valued at US$ 292 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030.
North America currently dominates the market owing to continuous technological advancements and a large presence of key industry players in the region. Increased funding for gene therapy research also drives regional market growth. Asia Pacific is expected to register fastest growth over the coming years supported by expanding healthcare infrastructure, improving regulatory guidelines and a large patient pool.
Key players operating in the lentiviral vectors market are Thermo Fisher Scientific Inc., Sirion-Biotech GmbH, Vector Biolabs, OriGene Technologies, Inc., SignaGen Laboratories, Sino Biological, Inc., Takara Bio Inc., Cell Biolabs, Inc., GenTarget Inc., GENEMEDI, bluebird bio, Inc., Cellomics Technology, LLC., Virica Biotech, Oxford Biomedica, and ANDELYN BIOSCIENCES.
For more insights, read- https://dailynewsmotion.weebly.com/report-blog/lentiviral-vectors-market-holds-high-growth-potential-owing-to-wide-usage-in-gene-therapy-applications
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