North America Plant-based Vaccines Market to Grow at a CAGR of 13.1% to reach US$ 1,181.06 Million by 2028 | Fraunhofer, iBio, Inc., LenioBio

The Plant-Based Vaccines Market in North America is expected to grow from US$ 498.66 million in 2021 to US$ 1,181.06 million by 2028; it is estimated to grow at a CAGR of 13.1% from 2021 to 2028.

The North America plant-based vaccines market is divided into the US, Canada, and Mexico. North America is likely to capture significant share of the global market in 2021. The key factors that are driving the growth of the market are rising number of product launch along with the spur in research and development activities. However, during the forecast period the market is likely to get restrained by the factors such as challenges associated with the product approval, and the contamination and environmental risks for manufacturing plant-based vaccines.

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Infectious disorders or diseases are caused by pathogenic microorganisms such as bacteria, viruses, parasites, or fungus, and they can be transmitted from one person to another either directly or indirectly. These diseases can be divided into three categories – diseases that cause high levels of mortality, diseases that inflict a large load of disability on populations, and diseases that—due to their rapid and unexpected spread—can have serious consequences. Many of the major health factors and infectious disease causes are beyond the health sector's direct control.

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Major Key players covered in this report:

• British American Tobacco p.l.c.
• Creative Biolabs, Inc.
• Fraunhofer
• iBio, Inc.
• Leaf Expression Systems Ltd.
• LenioBio
• Lumen Bioscience, Inc.
• Medicago, Inc.
• ZYUS Life Sciences Inc.

NORTH AMERICA PLANT-BASED VACCINES MARKET SEGMENTATION

North America Plant-based Vaccines Market, by Vaccine Type

• Bacterial Vaccines
• Viral Vaccines
• Parasite Vaccines
• Plant-Derived Virus-Like Particles
• Others

North America Plant-based Vaccines Market, by Source

• Tobacco Plant
• Maize
• Potato
• Others

North America Plant-based Vaccines Market, by Application

• Influenza
• Zika Virus
• Ebola Virus
• COVID-19
• Poultry Disease
• Others

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North America is one of the most important regions for the adoption and growth of new technologies due to flattering government policies to boost innovation, the presence of a huge industrial base, and high purchasing power of consumers, mainly in major countries such as the US and Canada. Hence, any impact on the growth of industries affects the region's economic growth negatively. The US is the world’s worst-affected country due to the COVID-19 outbreak.

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This release was published on openPR.