Vaccine Adjuvant Market Booming America Region by Industry Size, Share, Future Challenges, Revenue, Demand and Growth In-depth Analysis by 2026
An adjuvant is a key ingredient in the production of the vaccine as it enhances the capability of defense mechanism against infection. Basically, it promotes the activation of the immune system and permit the antigens pathogen constitutes that leads to the immune response in the vaccine to prompt long period protective immunity. Adjuvants are important because they enhance immune memory which in later activates the innate immune response, ultimately improving adaptive immunity with activation of T and B cells. According to 2015, a report published by the National Institute of Allergy and Infectious Disease, Alum was the only vaccine adjuvant used in the U.S. till 2009, later the HPV vaccine called Cervarix was approved by Food and Drug Administration (FDA). Also, less immunogenicity of modern adjuvants is raising demand for the development of more efficient adjuvants in vaccines. Moreover, researchers and market players are heavily investing in R&D for the development of safe and effective vaccine adjuvants, in turn boosting the market growth.
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The rising prevalence of the infectious chronic disease across the globe is the prime factor fueling the market growth of adjuvant. Moreover, growing support from the government in research and development, the high incidence rate of epidemics outbreaks and rising adoption of smart strategies by key players such as acquisitions, agreements, and collaborations are fueling the growth of vaccine adjuvants market. For instance, in July 2017, the U.S Food and Drug Administration (FDA) approved Nerlynx a product of Puma Biotechnology Inc. for adjuvant treatment of breast cancer. Such innovation is expected to propel the market growth. On the other hand, side-effects associated with the application of adjuvants coupled with the high investment required for the development of the adjuvant is projected to hamper the market growth. For instance, an article published in 2016, Scientific Reports Journal revealed the toxicity of aluminum adjuvants in clinically approved various human vaccinations.
Based on the region, the global vaccine adjuvant market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America held the leading position in market in the term of revenue, and this can be attributed to rapid adoption of the innovative products and presence of major market players in this region especially in the U.S. Moreover, favorable government support towards the development of healthcare infrastructure is also accelerating market growth of vaccine adjuvants market in this region. At the same time, the Asia Pacific region is expected to experience significant growth, due to the presence of a large population prone to various chronic and infectious diseases such as HIV, influenza, hepatitis, and cancer.
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The key player operating in the global vaccine adjuvant market include SEPPIC Inc., Novavax, Inc., Hayashibara Co., Ltd., SPI Pharma Inc, Invivogen, Avanti Polar Lipids, Inc., MPV Technologies, OZ Biosciences, Agenus, Inc., Brenntag Biosector, Spectrum Pharmaceuticals. Inc., Sigma Aldrich, Adjuatis, Vaxliant, Adjuvance Technologies, Inc., GlaxoSmithKline plc., Puma Biotechnology, Tj Kaiwei, Zhouyue, Aphios, and CSL Limited.
Market players are focused on providing technologically advanced products to retain a leading position in the market. For instance, in 2013, Benchmark Biolabs and AgriLabs announced the establishment of VaxLiant, a joint venture designed to modernize vaccines to deliver antigens to prevent diseases. Moreover, in 2013 Hayashibara Co., Ltd. developed a new effective and stable vaccine adjuvant encapsulated within nano-particles of pullulan derivatives.
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Based on product type, the global vaccine adjuvant market is segmented into:
- Particulate Adjuvants
- Emulsions Adjuvants
- Pathogen Adjuvants
- Combination Adjuvants
- Others Adjuvants
Based on the route of administration, the global vaccine adjuvant market is segmented into:
Based on disease type, the global vaccine adjuvant market is segmented into:
- Infectious Disease
Based on application type, the global vaccine adjuvants market is segmented into:
Based on region, the global vaccine adjuvants market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
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