Rising incidences of various chronic illnesses such as cancer, HIV and cardiovascular diseases, innovative and effective vaccines present in the healthcare industry and increasing governmental funding for vaccine development are some of the factors proliferating the demand of therapeutic vaccine, as per the market research report from IndustryARC. The report has assessed the global therapeutic vaccine market valued $19.62 billion in 2018. Furthermore, the market is projected to increase at a CAGR of 36.52% during the forecast period 2019-2025.
The report is titled “Therapeutic Vaccine Market: By Vaccine Type (Addiction, Neurological, Infectious, and Autoimmune); By Technology (Autologous, Allogenic) and By Region – Forecast (2019-2025).” It consolidates an in-depth analysis of the imperative aspects of the market including market drivers, market value chain, restraints, growth indicators, market trends, challenges, future outlook, and market insights.
Therapeutic Vaccine Market: Leading Segments
North America constitute a dominant regional share accounted 46% of global market in 2018. Growing initiatives by healthcare centers, improving recommended immunization, rising adoption of advanced technology in healthcare, improved infrastructure and increasing healthcare expenditure are some important factors that have rendered North America with maximum demand share in the therapeutic vaccine market.
Therapeutic vaccine market is segmented on basis of type into addiction vaccines, autoimmune disease vaccines, cancer vaccines, infectious disease vaccines, neurological disease vaccines and Parkinson’s disease vaccines. Among these, autoimmune disease vaccines is found to be the major application segment. As per the recent studies by American Autoimmune Related Diseases Association, autoimmune diseases are affecting nearly 50 million Americans, boosting the usage of autoimmune disease vaccine for treatment. Resultantly, key market players have capitalized on this application segment which is expected to grow with a CAGR of 18% through to 2025.
Therapeutic Vaccine Market Disruptive Trends
Certain number of innovative technologies are being developed in accordance with the development of new vaccines. Some of the latest disruptive trends are listed below:
· Single injection systems with self-locking syringe:
It is designed to limit the problem of reutilization of needles. This technology simplifies intradermal injection by using a small needle than a conventional one. Furthermore, patches comprising a set of micro-needles also used for intradermal injection are currently under development. Single injection systems with self-locking syringe technology is dominating the therapeutic vaccine market.
· Jet Injector:
As per the studies of Clinical, Cosmetic and Investigational Dermatology (CCID), jet injector is gaining momentum in therapeutic vaccine market. All safety concerns associated with needles are eliminated by jet injectors as vaccines are injected using gas or air pressurized systems.
· Nasal Vaccine:
The therapeutic vaccine market has been disrupted by the development of alternate administration routes namely nasal, intranasal, oral, topical, pulmonary, vaginal, and rectal. The nasal route offers the most promising opportunity for vaccine administration. It amplifies safety, convenience and elicit both local and systemic immune responses, therefore providing protection from pathogens while vaccination.
Therapeutic Vaccine Market: Competitive Landscape
Major companies currently holding majority or market share in the global therapeutic vaccine market are themare Cytos Biotechnology AG, Agenus, Inc., Pfizer, Merck & Co., Dendreon Corp., GlaxoSmithKline, Biocon, Argos Therapeutic Inc., Novartis AG and Celtic Pharma.
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What can you expect from the report?
The therapeutic vaccine market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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