Press release
Biodefense Market to reach USD 21.67 Bn by 2029, Technological Advancements and Growth Opportunities
Biodefense Market size is expected to reach from USD 13.60 Bn in 2021 to USD 21.67 Bn. by year 2029 at a CAGR of 6 percent during the forecast period.Biodefense Market Report Scope and Research Methodology
The biodefense market is defined as the use of medical treatments, such as medicines and vaccines, to protect humans from bioterrorism. The market dynamics are influenced by favorable government initiatives, increased government expenditure in developed nations, and rapid technical developments.
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The report also provides details on the research methodology used for the study. The research was conducted using a combination of primary and secondary sources, including company annual reports, government reports, and industry-specific databases. The market size was calculated based on the revenue generated by the companies operating in the biodefense market.
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Biodefense Market Dynamics
Biodefense is gaining importance across the world, driven by the availability of favorable government initiatives, increased government expenditure in developed nations, and rapid technological developments. Every year, governments invest a significant amount of money in vaccine research and development to be ready for potential bioterrorism strikes. The steady increase in attention toward raising knowledge about bioterrorism across all nations, as well as many suggestions and meetings to combat such activity, is one of the primary causes driving the demand for biodefense.
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In the last several decades, advances in genetic engineering and biotechnology have made it easier to manipulate naturally existing viruses, which may now be re-engineered to cause much more harm. Furthermore, these organisms are readily available, making biodefense a critical element for governments all over the world. Anthrax, botulism, chemical and nuclear agents, as well as other biological agents, have all been employed as carriers for bioterrorism in the past, causing severe economic damage.
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Biodefense Market Regional Insights
Over the forecast period, the North American region is expected to dominate the market. The National Research and Technology Council (NSTC), which is part of the Office of Science and Technology Policy in the United States organizes science and technology, and biosecurity is one of its subjects. To raise awareness, a dedicated website was created with the public, academic researchers, scientific societies, and the biotechnology and pharmaceutical sectors in mind. The increase in government funding in the United States is attributed to various initiatives, such as the BioShield Act, the Biomedical Advanced Research and Development Authority (BARDA), and the Joint Program Executive Office for Chemical and Biological Defense, in order to generate and stockpile sufficient vaccines to be used against anthrax.
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Biodefense Market Segmentation
By Product:
Anthrax
Smallpox
Botulism
Radiation/nuclear
Others
Biodefense Market Key Competitors include:
XOMA corporation
Altimmune Inc.
Emergent Biosolutions Inc.
Dynavax Technologies Corporation.
SIGA Technologies.
Elusys Therapeutics Inc.
Ichor Medical Systems.
Dynport Vaccine Company.
ClevelandBiolabs.
Bavarian Nordic.
Ology Bioservices.
Alnylam Pharmaceuticals Inc
ANP Technologies Inc
General Dynamics Corp.
GlaxoSmithKline Plc
Alexeter Technologies LLC
Table of Content for Biodefense Market
Global Biodefense Market: Research Methodology
Global Biodefense Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Biodefense Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Biodefense Market Segmentation
Global Market, by Product (2021-2029)
Regional Biodefense Market (2021-2029)
Regional Market, by Product (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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