February 29, 2024

The Global Plasmid DNA Manufacturing Market Is Driven By Increasing R&D Investment For Cell And Gene Therapy

Plasmid DNA is circular double-stranded DNA molecules that are widely used in molecular biology experiments due to their ability to replicate independently of chromosomal DNA. Plasmid DNA is capable of prolonged expression in vivo, and they can be engineered to contain genes, reporter genes, transfection markers, or short hairpin RNAs. This makes plasmid DNA an attractive material for various applications including gene therapy, DNA vaccination, gene regulation, and protein production. The increasing adoption of gene therapy and cell therapy has boosted investments in R&D activities for these areas, thereby driving the demand for plasmid DNA.

The global Plasmid Dna Manufacturing Market is estimated to be valued at Us$ 901.2 Bn in 2024 and is expected to exhibit a CAGR Of 4.8% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The Plasmid DNA manufacturing market is witnessing increasing outsourcing of production activities to contract development and manufacturing organizations (CDMOs). Large pharmaceutical and biotech companies are preferring to outsource plasmid DNA manufacturing due to complex manufacturing processes and associated high capital investment requirements. This is expected to boost the market growth of CDMOs involved in plasmid DNA manufacturing. Additionally, increasing demand for viral vectors such as lentiviral vectors and adenoviral vectors is also driving the plasmid DNA market as the production of these vectors requires high quality plasmid DNA as starting material. Advancements in manufacturing technologies such as continuous processing are allowing CDMOs to deliver plasmid DNA products with high yields and purity compared to traditional batch manufacturing methods. This is supporting the market players to reduce production costs and improve the overall efficiency of plasmid DNA manufacturing.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is low in the plasmid DNA manufacturing market. Establishing new facilities for plasmid DNA production requires high capital investment and compliance with strict regulatory guidelines which pose significant entry barriers.

Bargaining power of buyers: The bargaining power of buyers is moderate. The presence of a large number of plasmid DNA manufacturers allows buyers to negotiate on price; however, the specialized nature of plasmid DNA production limits alternatives.

Bargaining power of suppliers: The bargaining power of suppliers is low. Raw materials used in plasmid DNA manufacturing such as chemicals, reagents and equipment are available from numerous sources at competitive prices globally.

Threat of new substitutes: The threat of new substitutes is low. There are no cost-effective or widely-available substitutes for plasmid DNA required in gene therapy, DNA vaccines and other biopharmaceutical applications.

Competitive rivalry: The plasmid DNA manufacturing market features few global players with others focusing on regional markets. Competition is based on technical expertise, quality, reliability and pricing.

Key Takeaways

The Global Plasmid DNA Manufacturing Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global Plasmid DNA Manufacturing Market is estimated to be valued at US$ 901.2 Bn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024-2030.

Regional analysis:

 

North America dominates the global market currently owing to extensive R&D activities and rapid adoption of advanced gene therapies. Asia Pacific is expected to grow at the fastest pace during the forecast period with increasing investments by market players in this region.

Key players:

 

Key players operating in the Plasmid DNA Manufacturing market are Cobra Biologics and Pharmaceutical Services (Charles River Laboratories), VGXI, Inc., Aldevron. The market is consolidated with a few global players accounting for a major share of the market.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it