Vector Purification Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Vector Purification Market is segmented By Type of Vector (Adeno-Associated Viruses (AAV), Adenoviruses, Lentivirus, Retroviruses, Others) By Type of Purification Technique (Chromatography, Centrifugation, Filtration), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).The report offers the value (in USD million) for the above-mentioned segments.
Vector Purification Market Size
Market Size in USD
CAGR21.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 21.3% |
| Market Concentration | High |
| Major Players | Agilent Technologies, BIA Separations, Bio-Rad Laboratories, Merck, Thermo Fisher Scientific |
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Vector Purification Market Analysis
The vector purification market is estimated to be valued at USD 336 Mn in 2024 and is expected to reach USD 1,300 Mn by 2031, growing at a compound annual growth rate (CAGR) of 21.3% from 2024 to 2031.
The market is expected to witness significant growth during the forecast period. The growing demand for highly pure vectors for gene therapy and vaccine production is driving the market. Moreover, the increasing R&D investments by pharmaceutical and biotechnology companies and the rising adoption of advanced technologies such as big data and machine learning for vector purification are further fueling the market growth. However, the complexity in downstream processing and high costs associated with vectors purification techniques may hinder the market expansion to some extent.