According to “The Insight Partners” latest study on “The global Virus-Like Particles (VLP’s) Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Source, and Application,” the market is projected to reach US$ 7,858.82 million by 2028 from US$ 4,601.84 million in 2021; it is expected to grow at a CAGR of 7.9% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
The outbreak of SARS-CoV-2 resulted in the COVID-19 pandemic, a severe acute respiratory syndrome, in 2020. The successful application of VLPs has brough improvements in vaccinology and virology studies. As VLPs based vaccines use platforms that are capable of producing particles that mimic the structure of authentic viruses and possess the inherent ability of antigenic proteins to self-assemble it can prove advantageous in the ongoing fight against COVID-19. According to a report by Frontiers S.A., there have been intensive studies involving mammalian expression systems for the construction of SARS-CoV-2 VLPs for vaccine production.
Based on source, the virus-like particles (VLP’s) market is segmented into yeast, insect cell, plants, and others. The yeast segment held the largest share of the market in 2020 and is projected to continue a similar trend during the forecast period. On the other hand, the plant segment is estimated to register the highest CAGR in the market during the forecast period. The National Library of Medicine report states that there has been a remarkable achievement in the expression and assembly of VLPs and their chimeric derivatives in plant systems, as well as their immunogenicity in animal models. Recent success in the cultivation of humanized glycosylation plant cell lines and approval for the first plant-based biologics by the US Food and Drug Administration (FDA) signify promising prospects for the large-scale production and commercialization of VLP-based vaccines.
The global virus-like particles (VLP’s) market leading companies are Merck & Co., Inc.; GlaxoSmithKline plc.; Pfizer Inc.; Dynavax Technologies; Sanofi; Wantai BioPharm; Serum Institute of India Pvt. Ltd.; BHARAT BIOTECH; LG Chem; and VBI Vaccines Inc.
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