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Viral vectors are efficient gene transfer vehicles that are commonly used by molecular biologists to manipulate a specific cell type or tissue for certain therapeutic purposes. Regulatory approvals play a pivotal role in the distribution of therapeutics, and diagnostics in the market among other healthcare products and services while adding credibility at the same time. The market is propelled by the approvals of newly developed gene therapies by the regulatory authorities in the region. For instance, in March 2024, the National Health Surveillance Agency (Anvisa) of Brazil approved world's first gene therapy Biomarin’s Roctavian (valoctocogene roxaparvovec) for severe hemophilia A. The approval is expected to foster increased investments in local manufacturing capabilities and technologies, thereby, enhancing the Latin America viral vector manufacturing market share.
The market is witnessing strategic collaborations, which is supporting viral vector manufacturing and its application in various healthcare domains. For instance, in March 2024, a collaboration was announced by the Brazilian government's Ministry of Health foundation, Fundação Oswaldo Cruz (Fiocruz) and Caring Cross, to support the advancement of local manufacturing of chimeric antigen receptor (CAR)-T cell and stem cell gene therapies for oncology, infectious, and genetic diseases in Brazil. This also includes CAR-T cell therapies for leukemia, lymphoma, and HIV infection. The Caring Cross is a non-profit organisation, aimed at improving the development of innovative medicines and providing access to advanced medicinal. Such partnerships are expected to boost the Latin America viral vector manufacturing market growth in the forecast period.
The market demand is also projected to be positively impacted by the rising infectious diseases in the region. For instance, Bueno Aires has registered around 232,900 dengue cases and 161 deaths within the first 8 weeks of 2024. This outbreak has been considered the worst in 4 years. Increasing cases of dengue in Argentina create a pressing need to develop a vaccine in the region to overcome this outbreak. This will contribute to the increased demand for vaccines and therapeutics in the region, propelling the Latin America viral vector manufacturing market size. The rising demand can attract investors and expansions in the facilities needed for the production of viral vectors, which are crucial for manufacturing certain types of vaccines. As a result, the market is poised to be driven by the pressing need to develop more advanced technologies to assist vaccine development.
Latin America Viral Vector Manufacturing Market Size
Latin America Viral Vector Manufacturing Market Analysis
Latin America Viral Vector Manufacturing Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Latin America viral vector manufacturing market is expected to be driven by the rising demand for global market, which is anticipated to grow at a CAGR of 19.7% during the forecast period of 2025-2034 and is likely to reach a market value of USD 8.1 billion by 2034.
The market is driven by the increasing awareness of biotechnology and gene therapy for the treatment of several diseases.
The market growth is influenced by increasing collaboration and partnerships in the region. For instance, in March 2024, Caring Cross and Fiocruz collaborated to improve access to cell and gene therapies in the region.
Various types include adenoviral vectors, adeno-associated viral (AAV) vectors, lentiviral vectors, retroviral vectors, and others.
Viral vector manufacturing has applications in gene therapy, cell therapy, and vaccines.
Therapeutic areas include oncological disorders, neurological disorders, metabolic disorders, immunological disorders, and others.
End users in the market include research organizations, biotech and pharmaceutical companies, and others.
The market segmentation by countries includes Brazil, Argentina, Mexico, and others.
The key players in the market are Lonza Group AG, Merck KGaA, Thermo Fisher Scientific Inc., Catalent, Inc., Danaher Corporation, Sartorius AG, Fujifilm Group, Novartis AG, Charles River Laboratories, and Laboratorios Liomont.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124