Vaccine Contract Manufacturing Market Explore Future Growth by Global Top Players - Soligenix Inc., Bavarian Nordic A/S, Goodwin Biotechnology Inc., BioMARK, Emergent BioSolutions, Catalent Biologics, FUJIFILM Diosynth Biotechnologies and Many More

Pharmaceutical and biopharmaceutical companies are focusing more on their respective core strengths to manage the rising price pressure. Thus, the demand for contract manufacturing is increasing. However, vaccine manufacturing is a complex venture, in which safety, effectivity, and consistency are the most challenging part for the manufacturers. It offer many services that include production process, construction and operation of manufacturing product, cell line development, fermentation, process optimization, and analytical characterization, which fuels growth of the global vaccine contract manufacturing market.

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Increasing Prevalence Of Various Viral And Bacterial Infections Is Expected To Fuel Growth Of The Market

According to World Health Organization (WHO), in 2016, around three to five million cases were recorded with severe illness and around 250,000 to 500,000 deaths were estimated due to influenza worldwide.

In 1952, Centers for Disease Control and Prevention (CDC) collaborated with the World Health Organization’s (WHO), under the program - Global Influenza Surveillance and Response System (GISRS). The GISRS network consist of around 142 National Influenza Centers (NICS) worldwide, which are conducting influenza surveillance and viral trends in 112 countries. The study helps in research and analysis of influenza pattern and may contribute to develop candidate vaccines. This in turn, fuels growth of the vaccine contract manufacturing market.

The key players operating in the global vaccine contract manufacturing market include Soligenix Inc., Bavarian Nordic A/S, Goodwin Biotechnology Inc., BioMARK, Emergent BioSolutions, Catalent Biologics, FUJIFILM Diosynth Biotechnologies, Thomas Jefferson University, and Minneapolis Medical Research Foundation (MMRF).

Increase In Research Activities For New Vaccines And Availability Of Funds For The Same Could Be The Key Growth Factor Of Vaccine Contract Manufacturing Market

Soligenix Inc. received a fund of around US$ 2.5 million for the contract of bioterror vaccine from National Institute of Allergy and Infectious Diseases (NIAID) in August 2017. The fund is granted for good manufacturing practices (GMP) of RiVax bulk drug substances and finished drug manufacturing to conduct future preclinical, clinical, and efficacy studies. Soligenix is aiming to develop advanced Soligenix's thermostabilization technology (ThermoVax) in combination with ricin toxin vaccine candidate – RiVax. The studies are conducting to prevent the effects of ricin exposure.

Colorado State University’s (CSU) vaccine manufacturing facility, BioMARK, is developing a vaccine against a mosquito borne viral pathogen, which causes Venezuelan equine encephalitis (VEE). The U.S. Department of Defense (DoD) has funded around US$ 3 million to BioMARK for the development of this vaccine The purpose of this vaccine is to protect U.S. soldiers from fatal mosquito-borne pathogen. However, CSU is a subcontractor in vaccine project of Battelle and DoD’s Medical Countermeasure Systems Joint Vaccine Acquisition Program. CSU is determined to develop vaccine against aerosolized viruses to protect U.S. soldiers.

Global Vaccine Contract Manufacturing Market Taxonomy:

On the basis of service type, vaccine type, and product type, the global vaccine contract manufacturing market is segmented into,

By Service Type:-

Fill-Finish
Bulk product

By Vaccine Type:-

Subunit Vaccines
Live Attenuated Vaccines
Conjugate Vaccines
Inactivated Vaccines
Recombinant Vector Vaccines
Toxoid Vaccines
Synthetic Vaccines

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This release was published on openPR.