Vaccine Adjuvants Market Analysis
The global vaccine adjuvants market is prognosticated to grow at a promising 10.1% CAGR over the assessment period (2017-2023). An adjuvant, put merely is a substance which is created as the part of a vaccine for enhancing its ability of inducing protection against infection. It helps in activating the immune system, thereby allowing the components of antigens-pathogen which produce an immune response in a vaccine for inducing protective immunity for a long-term. Aluminum salts or alum is the most commonly utilized adjuvants in vaccines. Adjuvants help to increase antibody titers, long-lasting memory, induce quick immune response, enhance immune response and reduce the needed antigen doses. The different benefits of vaccine adjuvants include reduce the amount of antigen needed, reduce the vaccine doses needed, enhance the effectiveness of the vaccine in immunocompromised people, boost the vaccines immune-stimulating effects, offer broad protection and direct specific immune responses.
There are numerous factors that is driving the growth of the vaccine adjuvants market. These factors according to MRFR (Market Research Future) report include unmet requirements for vaccines for specific diseases, growing use of synthetic vaccines and recombinant subunit, technological innovations, and expanding recommendations by the government for immunizations. The additional factors include rising incidence of zoonotic and infectious diseases, growing utilization of adjuvants in vaccines, demand for production of non-toxic and safe adjuvants, new product launches and increasing number of livestock. On the contrary, soaring costs of research, strict regulatory policies, lack of effectiveness and stability issues of adjuvants, side effects resulting from high toxicity adjuvants and lack of scientific awareness are factors that may hamper the vaccine adjuvants market growth over the assessment period.
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Vaccine Adjuvants Market Segmentation
MRFR report offers a complete segmental analysis of the vaccine adjuvants market on the basis of types, end users and route of administration.
Based on type, it is segmented into particulate adjuvants, pathogen components and others. Of these, particulate will dominate the vaccine adjuvants market over the assessment period. The pathogen components on the other hand is anticipated to grow at the fastest pace.
Based on end-users, the vaccine adjuvants market is segmented into adult and pediatric.
Based on routes of administration, it is segmented into intradermal, subcutaneous, intramuscular, and oral. Of these, intramuscular will have the maximum share in the vaccine adjuvants market over the assessment period.
Vaccine Adjuvants Market Regional Analysis
By region, the vaccine adjuvants market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will command the vaccine adjuvants market over the assessment period owing to excellent public awareness program management coupled with major government initiatives for vaccination against various diseases. The vaccine adjuvants market in the European region will have the second major share due to increased emphasis along with accessibility of funds for R&D. The government is organizing campaigns about vaccination along with different preventive measures for non-infectious and infectious diseases. Governments recently in the developing countries in the APAC region have started numerous vaccination programs for educating the public. India is predicted to grow at the fastest pace owing to increasing emphasis on immunization programs by different NGOs and government. In the Middle East and Africa, the market will have a steady growth over the assessment period owing to lower requirement of vaccine adjuvants in comparison to other regions.
Vaccine Adjuvants Market Competitive Analysis
The global vaccine adjuvants market is competitive and highly fragmented. The major players in the market are using different strategies namely clinical trials, new product launches, high expenses on R&D, market initiatives, joint ventures, agreements, acquisitions, partnerships and others to boost their footprints.
Leading players profiled in the vaccine adjuvants market include OZ Biosciences (France), MPV Technologies (U.S), Avanti Polar Lipids, Inc. (U.S), Invivogen (U.S), SPI Pharma, Inc. (U.S), Novavax, Inc. (U.S), Agenus, Inc. (U.S), SEPPIC (Fracne), CSL Limited (Australia), Brenntag Biosector (Denmark), CureVac AG (Germany), Sigma-Aldrich Co. LLC.(India), Sergeant Adjuvants (U.S), Adjuvatis (France), Viscogel AB (Sweden), Aphios Corporation (U.S), Vaxine Pty Ltd (Australia), and VaxLiant LLC.(U.S).
Dec 2018 – Croda International PLC has completed the purchase of Brenntag Biosector, a leading Danish manufacturer as well as supplier of vaccine adjuvants that serves both the veterinary and human vaccine markets.
Table Of Contents
1 Report Prologue
2 Market Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
5 Market Factor Analysis
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