Plasmid DNA Manufacturing Market is Estimated to Witness High Growth Owing to Opportunity of Developing Gene Therapies
Plasmid DNA Manufacturing Market Plasmid DNA is a small, circular DNA molecule found in bacteria and some other unicellular organisms. Plasmids are used in genetic engineering and gene therapy as they are able to replicate independently of chromosomal DNA. Plasmids are engineered for use in bacterial cloning and gene expression. They are important tools for various biotechnological and medical applications including the development and manufacturing of gene therapies. The global plasmid DNA manufacturing market is estimated to be valued at US$ 901.2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity for developing gene therapies is driving the growth of the plasmid DNA manufacturing market. Gene therapies involve the introduction, elimination, or correction of defective genes responsible for diseases. Plasmid DNA plays a key role as a