Press release
The Global DNA Vaccines Market to amount to $37,384 Million by 2027
Global DNA Vaccines Market
A recent study by Triton Market Research titled 'Global DNA Vaccines Market,' covers the Global Analysis and Forecast for 2019-2027 by Type (Animal DNA Vaccine, Human DNA vaccine), Application (Human Disease, Veterinary Disease), Technology (Plasmid DNA Vaccine, Plasmid DNA Delivery), and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
DNA vaccines are third-generation vaccines containing the DNA that is responsible for coding specific proteins, such as antigens, from pathogens. Antigens are produced by cells (human, animal) through protective immunological response after genetically engineered DNA is injected into these cells. These vaccines can induce a wide range of immune responses, and are therefore being extensively used for research, to study their potential benefits, such as curing cancer, HIV/AIDS, and others.
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According to Triton's report, the Global DNA Vaccines Market is expected to generate $37,384 million by 2027, exhibiting a CAGR of 42.03% over the forecasted period 2019-2027. A surge in novel vaccine development, proliferation in the use of DNA vaccines for animal healthcare, and the growing prevalence of chronic as well as infectious diseases are driving in growth in this market. However, strict government regulations and the lack of a legal & ethical framework are creating hurdles for further development in this market for the forthcoming period.
On the basis of type, the DNA vaccines market is bifurcated into animal DNA vaccine and human DNA vaccine. According to application, it is sub-segmented into human disease and veterinary disease. While, according to technology, it is classified into plasmid DNA vaccine and plasmid DNA delivery.
North America is the global leader in the DNA vaccines market, accounting for the largest share by 2027. The market in this region is driven primarily by high investments being made to support the development of human DNA vaccines. Besides, a large number of North Americans own pets, who are one of the largest end-users of this market. As per the NCBI, the Government of Canada, in 2015, made an investment worth $440 million to advance the development of DNA vaccines in the country, for both humans and animals.
The main players profiled in this report on the DNA vaccines market include Sanofi, Incorporated, Zoetis Inc, Madison Vaccines, GlaxoSmithKline Inc, Vical, VGXI, Xenetic Biosciences Inc, Dendreon Corporation (acquired by Sanpower Group), Eli Lilly and Company, Astellas Pharma Inc, Inovio Pharmaceuticals Inc, Eurogentec SA, Merial Limited (acquired by Boehringer Ingelheim), Merck & Co, Incorporated (MVI), and Novartis AG.
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Question & Answer: DNA Vaccines Market
Question 1: What factors are driving the growth in the DNA vaccines market?
Answer: A surge in novel vaccine development, proliferation in the use of DNA vaccines for animal healthcare, and the growing prevalence of chronic as well as infectious diseases are driving in growth in this market.
Question 2: What factors are creating hurdles for further development in the DNA vaccines market?
Answer: Strict government regulations and the lack of a legal & ethical framework are creating hurdles for further development in this market for the forthcoming period.
Question 3: How is North America impacting the DNA vaccines market outlook?
Answer: North America is the global leader in the DNA vaccines market, accounting for the largest share by 2027. The market in this region is driven primarily by high investments being made to support the development of human DNA vaccines. Besides, a large number of North Americans own pets, who are one of the largest end-users of this market. As per the NCBI, the Government of Canada, in 2015, made an investment worth $440 million to advance the development of DNA vaccines in the country, for both humans and animals.
Question 4: Which companies are profiled in the DNA vaccines market?
Answer: The main players profiled in this report on the DNA vaccines market include Sanofi, Incorporated, Zoetis Inc, Madison Vaccines, GlaxoSmithKline Inc, Vical, VGXI, Xenetic Biosciences Inc, Dendreon Corporation (acquired by Sanpower Group), Eli Lilly and Company, Astellas Pharma Inc, Inovio Pharmaceuticals Inc, Eurogentec SA, Merial Limited (acquired by Boehringer Ingelheim), Merck & Co, Incorporated (MVI), and Novartis AG.
Related Report:
Global Genetic Testing Market
The global genetic testing market is set to garner $3184.7 million by 2027, registering a CAGR of 11.53% over the forecasting years 2019-2027.
This market is primarily registering growth due to the rise in the trend for early disease diagnosis and the increase in demand for personalized medicine. Diagnosing diseases at an early stage greatly increases the chances of successful treatment, and thus, people are becoming increasingly inclined towards early diagnosis. Besides, genetic testing, when used for cancer diagnosis, helps determine the tendency of developing this disease, before it even manifests. One can, therefore, take precautionary measures at the earliest. Hence, the rise in the demand for genetic testing in oncology has benefited the global genetic testing market.
Gene therapy is used to replace defective genes in an individual's genetic make-up by effective ones. This technique is widely being tested for the treatment of diseases like cancer, HIV/AIDS, viral infections, or where there are no other effective techniques. Thus, an increase in the number of patients seeking genetic therapies will create lucrative opportunities for market growth.
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