Press release
Therapeutic Vaccines Market to reach USD 4.84 Billion during the forecasted period from 2015-2020
At present, North America is the biggest market for therapeutic vaccine and expected to continue its dominance in near future. The North America market was estimated USD 79,283 Million in 2014 which is projected to reach USD 147,801 Million by 2021.Asia-Pacific Region is anticipated to grow at a high rate owning to increase in aging population over the forecasted years.
Growth Drivers and Challenges
Escalating chronic diseases, expanded government funds for the vaccines development, great penetration of healthcare insurance in almost every country across the globe, rising medical tourism especially in Asia etc. are few of the key drivers for the global market of therapeutic vaccines.
However, high cost of vaccines, generic drugs usage in developing countries and complex policies made by the government are projected to hamper the growth of global market of therapeutic vaccines.
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Therapeutic Vaccines are the vaccines that give immunity to the body to act against various infectious diseases such as: HIV, Cancer, Hepatitis C, Neurological Disease, Parkinson’s disease, Alzheimer's disease and other infectious diseases. Growing at a CAGR of 33.8%, the global market of therapeutic vaccines is anticipated to reach USD 4.84 Billion over the forecasted period from 2015-2020.
Market Segmentation
By Vaccine Types
Infectious Disease Vaccines
Addiction Vaccines
Neurological disease vaccines
Autoimmune Disease Vaccines
By Geography
The global market of Therapeutic Vaccines can be segmented into these categories:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Rest Of The World
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Key Players
Cytos Biotechnology
Antigenics
Bavarian Nordic
Celldex Therapeutics
Affiris
Argos Therapeutics
Biovest International
Celtic Pharma
Cel-Sci
Curevac
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America
Latin America
Europe
Asia-Pacific
Rest of World
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