The Global Vaccine Adjuvants Market is expected to grow at a CAGR of 10.1% during the forecast period 2017–2023.
Adjuvant is a substance that beautify the immune responses against antigens. More than one adjuvant may be present within the final vaccine products. Aluminum salts, inclusive of aluminum hydroxide, aluminum phosphate, and aluminum potassium sulfate are extensively used as an adjuvant in the vaccines production. Increasing call for adjuvants to beautify and make bigger immune response, and need for development of secure and non-poisonous adjuvants will enhance the increase of the market.
Moreover, increasing use of synthetic vaccines and recombinant vaccines are also expected to drive the global vaccine adjuvants market over the forecast period. Moreover, increasing demand for improved and long-lasting vaccination against existing and emerging diseases and increasing vaccination programs by the government and research and development activities favor the growth of this market in this region. On the other hand, high toxicity of adjuvants, and high developing cost for a new vaccine adjuvants may hamper the growth of the market.
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Major Players in Vaccine adjuvants Market
Some of the key players in the global market are VaxLiant LLC.(U.S),Vaxine Pty Ltd (Australia), Aphios Corporation (U.S), Viscogel AB (Sweden), Adjuvatis (France), Sergeant Adjuvants (U.S), Sigma-Aldrich Co. LLC.(India), CureVac AG (Germany), Brenntag Biosector (Denmark), CSL Limited (Australia), SEPPIC (Fracne), Agenus, Inc. (U.S), Novavax, Inc.(U.S), SPI Pharma, Inc.(U.S), Invivogen (U.S), Avanti Polar Lipids, Inc. (U.S), MPV Technologies (U.S), and OZ Biosciences (France).
Regional Analysis of the Global Vaccine Adjuvants Market
The worldwide market is segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the largest market percentage because of giant use of the vaccine to prevent communicable and non-communicable diseases and favorable situations for research and development.
Europe is the second largest market of vaccine adjuvants followed by Asia Pacific owing to availability of funds for research and development activities, and growing initiatives taken by the government and NGEOs for diseases preventive measures. Asia Pacific is the fastest growing region in the global market due to increasing prevalence of communicable diseases. Particularly, India and China are expected to be an emerging and the fastest growing market due to improvement in healthcare domain and increasing prevalence of diseases.
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The Middle East & Africa holds the least share in the vaccines adjuvants market due to lack of awareness, less emphasis on research and development activities, and poor medical facilities.
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