Press release
GLOBAL THERAPEUTIC VACCINES MARKET is anticipated to shoot off by the end of 2022 :Top keyplayers are Bavarian Nordic, Dendreon Corp, GlaxoSmithKline, Pfizer,Cytos Biotechnology, Merck Serono, Novartis, Celtic Pharmaand Transgene
The market was valued at USD 11 billion in 2017 and is projected to reach USD 51 billion by 2022, at a CAGR of 29% during the forecast period. The increasing prevalence of chronic diseases such as cancer and HIV/AIDS are the major reasons driving the market growth. These medicines helps to strengthen the immune response of the body against specific diseases. However every medicine need to be approved by FDA. Increasing cases of chronic diseases and need for effective treatment is acting as key driver for this market. Various pharmaceutical companies are working to develop novel vaccines for diseases such as lung cancer, breast cancer, Alzheimer, etc. However, these vaccine developments are in pipeline and yet to be commercialized.
Market Dynamics
Some of the factors that are propelling the growth of the market arethe favorable funding for R&D, increasing investments by companies, and rise in the prevalence of chronic diseases are. However, high costs of the vaccines and stringent regulatory guidelines are turning out to be hurdles for this market. Provenge and Oncophage are the two approved cancer therapeutic vaccines on the market. A large number of therapeutic vaccines are under clinical development and are expected to be approved for use during the forecast period.
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Market Segmentation
The market can be segmented by type and geography.
Segmentation by Type -
Auto Immune Diseases Vaccines
Neurological Disease Vaccines
Cancer Vaccines
Infectious Diseases Vaccines
The cancer vaccines sub-segment contributes the highest share in the market.
Segmentation by Geography -
North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa
North America has the largest market size, followed by Europe.Rising population and large investments in the field of research and development are few of the reasons for the advancement of the market in Asia-Pacific.
Segmentation by technologies:
Autologous vaccines
Allogeneic vaccines
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Key Players
The Key players in the therapeutic vaccines market are:
Bavarian Nordic, Dendreon Corp, GlaxoSmithKline, Pfizer,Cytos Biotechnology, Merck Serono, Novartis, Celtic Pharmaand Transgene
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.
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