Prophylactic Human Vaccine Market Size, Industry Research, Report, Share, Merger, New Developments, Applications, Regional Trends, Top Company Profile, Growing CAGR Value 2026
SEATTLE, April 12, 2021, (PHARMIWEB) — Global Prophylactic Human Vaccines Market
Prophylactic human vaccines stimulate the immune response and are intended for ameliorating the effects of future infections considered to be caused by pathogens in human beings. Novel vaccine development technologies are used for developing Hepatitis B Virus (HBV) and Human Papilloma Virus (HPV) vaccines. For instance, in March 2014, CureVac AG received EUR 2 million Vaccine Prize from European Commission for its novel RNActive vaccine technology. This RNActive vaccine technology enables the production of safe, efficacious, and cost-effective vaccines that are protected against extremely high temperatures, as well as inadvertent freezing.
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Global Prophylactic Human Vaccines Market – Drivers
Increasing number of pipeline studies and rising involvement of key players for vaccine development is expected to propel growth of the prophylactic human vaccine market during the forecast period. For instance, in October 2018, CureVac AG, announced to initiate dose escalation phase I clinical trial for CV7202 mRNA-based rabies vaccine. CV7202 is a prophylactic vaccine encoding RABV-G, the rabies virus glycoprotein. This will enable vaccinated individual’s own cells to produce RABV-G protein, by which immune response gets triggered. This study is estimated to complete in January 2021.
In October 2018, Valneva SE announced progress in its Phase 1 program targeting a single-shot vaccine against Chikungunya. It is designed for prophylactic, active, single-dose immunization against Chikungunya in humans. The vaccine aims for long-lasting protection and an anticipated safety profile similar to other approved vaccines for active immunization in adults and children.
Furthermore, increasing initiatives by various scientists to develop innovative solutions in order to fight against various infectious diseases is expected to drive growth of the global market. For instance, VBI Vaccines Inc., in September 2018, announced formation of three Scientific and Clinical Advisory Boards (SABs) comprising leading experts in infectious disease and immuno-oncology research and vaccine development targeting hepatitis B, Cytomegalovirus (CMV), and Glioblastoma (GBM). This collaboration is expected to propel growth of the market, owing to the rapid vaccine development.
Significant barriers in the area of vaccine development, such as virus diversity and limited number of animal models, are estimated to hamper growth of the prophylactic human vaccine market. For instance, according to Gastroenterology, in October 2018, vaccine development requires huge investment from various resources and is very challenging. Designing vaccine trials in human is difficult since following immunization the chances for develop an acute infection is very high. Therefore, anti-viral treatment has to be offered immediately, which makes it a challenging task to manage disease.
Global Prophylactic Human Vaccines Market – Regional Analysis
Geographically, North America is probable to lead in the global prophylactic human vaccine market, owing to receiving large number of research grants by government. For instance, in September 2018, GeoVax Labs, Inc., a U.S.-based company, received a grant of US$ 2,442,307 by the U.S. Army Medical Research Acquisition Activity. The grant was awarded as a cooperative agreement for novel Lassa Fever (LF) vaccine (GEO-LM01) development program. GEO-LM01 uses Modified Vaccinia Ankara (MVA) and Virus-Like Particle (VLP) vaccine platform that has been demonstrated to be safe and induce antibody responses in patients. Moreover, MVA-VLP platform has shown effective results in other cases such as GeoVax’s prophylactic HIV vaccine, GeoVax’s Ebola (EBOV) vaccine, and GeoVax’s Zika vaccine in its respective preclinical studies.
The European region is also expected to witness extensive growth in the global prophylactic human vaccine market, due to the rising number of initiatives by the government for developing efficient and safe vaccines. For instance, in October 2017, the European Commission funded TRANSVAC, a new infrastructure project. This project aims to rapidly develop effective vaccines in order to address European health challenges and in turn increase the sustainability of EC vaccine projects in Europe. TRANSVAC offers high-quality technical services to support development of prophylactic and therapeutic vaccines for both human and animal use.
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Leading Market Players
The key players operating in the global prophylactic human vaccines market include GlaxoSmithKline Plc., Merck & Co., Inc., Pfizer Inc., Janssen Pharmaceuticals, Inc., Altimmune, Inc., Bharat Biotech International Limited, Serum Institute of India Pvt. Ltd., Sanofi Pasteur SA, Shanghai BravoBio Co., Ltd., SK Chemicals Co., Ltd., Takeda Pharmaceutical Company Limited, BiondVax Pharmaceuticals Ltd., and SK Chemicals Co., Ltd.
By Vaccine Technology,
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines
- Polysaccharide Vaccines
- Conjugate Vaccines
- Recombinant Vaccines
- North America
- Asia Pacific
- Latin America
- Middle East
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