According to the report “Global Therapeutic Vaccines Market,” published by Market Data Forecast, the global market is projected to reach USD 4820.26 million by 2021 from USD 1132.5 million in 2016, at a CAGR of 33.6% from 2016 to 2021.
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When most people hear the word vaccine, they think of a way to prevent disease. However, therapeutic vaccines aren’t used for prevention. Instead, they’re used as a method of treatment. Just like a regular vaccine, therapeutic vaccines are used to stimulate the immune system to target an infection or a type of diseased cell – such as a cancer cell. In other words, they help teach the body how to do a better job of protecting itself in order to control, or get rid of, an otherwise difficult to treat condition.
Much of the discussion of therapeutic vaccines revolves around targeted treatments for cancer. However, a number of researchers are also working on developing therapeutic vaccines that might be able to control viral STDs and their complications. For example, not all ongoing HIV vaccine research is looking for a way to prevent HIV infections. Some scientists are also working on developing a therapeutic vaccine to help currently infected patients maintain lower viral loads. This should theoretically be possible, as scientists know that some infected patients are long term non-progressors whose bodies are capable of naturally keeping their HIV infections under control.
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Global Therapeutic Vaccines Market: Drivers & Restraints
Increase in funding’s from government for vaccine development, rise in investments by the major market players, rising prevalence of disease, technological advancements, initiatives by NGO’s are some of the factors that are propelling the market growth. However, massive capital expenditures and stringent regulatory policies, high cost associated with treatment are few factors inhibiting the growth of the market.
Global Therapeutic Vaccines market: Segmentation
By Disease Type
- Autoimmune Disease Vaccines
- Cancer Vaccines
- PR1 Peptide
- Neurological Disease Vaccines
- ACC- 001
- CAD 106
- Parkinson’s Vaccine
- Alzheimer’s Vaccine
- Infectious Disease Vaccines
- Hepatitis C Vaccines
- HIV/AIDS Vaccines
- Other Infectious Disease Vaccines
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Global Therapeutic Vaccines market: Overview
The alarming increase in the need for efficient treatment has shifted the focus towards therapeutic vaccines across the world. A number of pharmaceutical companies have begun the research to develop novel vaccines for several diseases, such as breast cancer, lung cancer, Alzheimer. Although these developments are still in pipeline and are yet to be commercialized; they point towards a thriving future of the worldwide market for therapeutic vaccines.
As of now, several multinational drugmakers have taken an active lead in the production therapeutic vaccines, opening new growth avenues for this market. Among the pioneers, is Provenge, the first FDA-approved immunotherapy drug, developed for prostate cancer treatment. Since the approval of this drug in 2010, there is no looking back for this market. A number of vaccines have been developed and are in the pipeline since then, exhibit lucrative potential for the market.
On the other hand, together with huge research and development investments and lengthy approval processes, the developers of therapeutic vaccines have to deal with non-existent reimbursement policies for these vaccines too, which acts as a massive drawback for this market. However, in the view of the immense potential presented by therapeutic vaccines, the regulatory bodies across the world are trying to accelerate the policy formulation processes, which if implemented, will reflect positively on the global market for therapeutic vaccines in the near future.
Global Therapeutic Vaccines market: Region-wise Outlook
Based on geography the global market is analysed under various regions namely, North America, Europe, Asia Pacific, Latin America and Middle-East & Africa. North America accounts for the large portion of revenue in the therapeutic vaccine market. The growth of this market will be boosted owing to the presence of advanced and active R&D establishments in the region.
Key Questions Answered
- What is the current and future Therapeutic Vaccines market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Therapeutic Vaccines space globally?
- What are the key, high growth markets that Therapeutic Vaccines manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Therapeutic Vaccines currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook Therapeutic Vaccines?
- What are the challenges and barriers that have hindered widespread adoption of Therapeutic Vaccines?
Global Therapeutic Vaccines market: Key Players
Multinational vaccine companies historically have conducted much of the innovation, research, and development in the field of vaccine production. They have used significant revenues, global size, and deeper expertise to fund. Some of the key players influencing the global preventive vaccine market are GlaxoSmithKline, plc., Merck and Company, Bavarian Nordic, CSL Limited, Emergent BioSolutions Inc., Novartis AG, Johnson and Johnson, MedImmune, LLC, Pfizer, Inc., and Sanofi Pasteur.
Reasons to buy Global Therapeutic Vaccines market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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