US$ 0.5 Bn in 2019 | Vaccine Adjuvants Market Reckoned Double Digit CAGR Value Of 10.4% By 2023
New York City, NY: Sept 10, 2019 – Published via (Wired Release) – Vaccine adjuvants helps to create a stronger immune response in the patient’s body. People with low immune systems such as very young and elderly, will benefit from adjuvanted vaccines as their immune systems requires an extra boost in order to provide protection.
The first five-year cumulative revenue (2018–2022) is projected to be more than US$ 3 Bn, which is expected to increase considerably over the latter part of the five-year forecast period. The global vaccine adjuvants market is expected to value at approximately US$ 0.5 Bn in 2019, and is expected to register a CAGR of 10.4%.
Global Vaccine Adjuvants Market: Market Dynamics
Increasing advancements focusing on improved and long-lasting vaccines for existing and emerging chronic diseases and increasing government expenditure on R&D of adjuvant vaccines, are major factors expected to drive growth of the target market over the forecast period. In case of chronic infectious diseases and cancers, it may be difficult to develop an effective vaccine without blocking immune regulatory pathways and subsequently driving growth of the target market over the forecast period.
In addition, growing focus and funding of governments in developing countries on discovery and development of vaccine adjuvants is another factor expected to drive growth of the global vaccine adjuvants market in the near future. Moreover, product advancements are increasing its uses in order to strengthen the immune response of any antigens, to reduce multiple immunization protocol for protective immunity.
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However, reactogenicity, immune-mediated diseases, myofasciitis etc., are among the factors restraining growth of the target market during the forecast period. In addition, side effects of vaccine adjuvants such as headache, fever, malaise, diarrhea, chronic skin, sterile abscesses, ulceration, etc., is another factor hampering growth of the target market in the next coming years.
A major and rising trend in the global vaccine adjuvants market is research and development activities related to vaccine adjuvants. This trend is expected to continue over the forecast period, and in turn boost market growth.
Global Vaccine Adjuvants Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global vaccine adjuvants market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global vaccine adjuvants market is expected to expand at a moderate CAGR of 10.4 % during the forecast period.
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Global Vaccine Adjuvants Market: Segmental Snapshot
The market report has been segmented on the basis of product type, route of administration, disease type, application, and region. The product type segment includes pathogen, adjuvant emulsion, particulate, combination, and others. The route of administration segment includes oral, intradermal, intranasal, intramuscular, and subcutaneous. The disease type segment includes infectious disease and cancer. The application segment includes research and commercial. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product Type: The pathogen segment is projected to expand at a CAGR of over 10.4% over the forecast period
By Route of Administration: The intradermal segment is projected to register a CAGR of over 10.4% over the forecast period
By Disease Type: The cancer segment is projected to expand at a CAGR of over 10.4% in years to come
By Application: The commercial segment is projected to expand at a CAGR of over 10.3% over the forecast period
By Region: The market in Asia Pacific is projected to register highest CAGR of over 10.6% in the next coming years
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Global Vaccine Adjuvants Market: Competitive Analysis
The research report on the global vaccine adjuvants market includes profiles of some of major companies such as Brenntag Biosector A/S, CSL Limited, Air Liquide S.A., Agenus Inc., Novavax, Inc., Associated British Foods plc (SPI Pharma, Inc.), InvivoGen Inc., Avanti Polar Lipids, Inc., MVP Laboratories Inc., and OZ Biosciences.
The Global Vaccine Adjuvants Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global vaccine adjuvants market for 2017–2027.
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