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Biodefense Market Top Players - Achaogen, Alnylam Pharmaceuticals, Altimmune, Alexeter Technologies, LLC, ANP Technologies, Bavarian Nordic, BBI Detection, Cleveland BioLabs, Inc., DynPort Vaccine Company LLC

05-05-2020 07:09 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Biodefense Market

Biodefense Market

Biodefense Market to exceed USD 17 billion by 2024 as per a new research report.

Growing bioterrorism and research for early development of medical countermeasures against chemical threats will drive biodefense market over the forecast timeframe. Increasing use of bio-agents coupled with rising need of biosecurity should fuel the industry growth. Increasing threats of radiation exposure, infectious diseases and chemicals coupled with lethal pathogens, such as avian influenza will stimulate global biodefense market.

Furthermore, focus on developing vaccines, drugs, and diagnostics test for disease agents and developing broad-spectrum therapies effective against entire classes of pathogens using cultured proteomic and genomic platforms should propel industry growth. Biodefense market growth may be hindered by increasing bioterrorism agents with growing terror and low penetration in developing and underdeveloped countries.

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Anthrax market will witness significant growth during the forecast period due to increasing product development activities for inhalational anthrax animal models and efficacy assessment of vaccines and therapeutics in rabbits.

U.S. biodefense market will witness robust growth over forecast period owing to increasing research and primary development of medical countermeasures against radiation exposure and infectious diseases. NBACC facility offering intelligence assessments, preparedness planning, response, emerging threat characterization and bio-forensic analysis will drive business growth.

UK biodefense market share accounted for largest regional revenue share due to increasing defensive measures used against biological agents that continue multiplying in the affected individual, area or surroundings will fuel business growth.

Japan biodefense market should grow at a significant rate over the forecast period due to increasing number of biodefense laboratories and R&D expenditure coupled with several initiatives for bio-safety promotion taken by the government.

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Increasing government initiatives for controlling diseases coupled with low cost of producing biological defense agents will drive Brazil biodefense market. Furthermore, increasing technological advancements should fuel business to grow at a substantial rate.

South Africa biodefense market is growing at a significant rate owing to high importance on developing policy at continental or regional level for biodefense. Improved research infrastructure including BSL 4 research laboratory reporting study on endemic diseases in animal with no cure should propel the industry share.

Biodefense aims to prevent the development and use of biological weapons as well as lessen the human suffering occurs if prevention fails. Increasing government initiatives towards protection against potential deadly or devastating impact on a vulnerable population will boost the industry growth. The business should witness high growth owing to research providing the basis for developing medical products and strategies to prevent, diagnose and treat a wide range of infectious diseases.

Key industry players are Bavarian-Nordic, Cleveland BioLabs, Emergent Biosolutions, Xoma, SIGA Technologies and PharmaAthene. Industry participants are securing their market position by increasing their focus on R&D activities to develop new and effective bio-safety medicines and vaccines.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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