The report Global Vaccine Adjuvants Market Size, Trends & Growth Opportunity, By Type (Pathogen, Adjuvant Emulsion, Combination, Particulate, and Others), By Route of Administration (Oral, Intranasal, Intramuscular, Intradermal, and Others), By Application, By Region and Forecast till 2027 provides a detailed insight into current market dynamics and provides analysis on future market growth.
Adjuvant is key substance which is used as a part of vaccine, and helps to boost its capability to promote defense mechanism against infection. Naturally occurring parts of pathogens are used as adjuvants that can help trigger early non-specific, or innate, immune responses to vaccines. These adjuvants target receptors inside or on the surface of innate immune cells.
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Increase in Prevalence Infectious Diseases is expected to Boost the Growth of Global Vaccine Adjuvants Market
The vaccine adjuvants market is expected to grow in the forecast, due to high prevalence infectious diseases as well as rising focus of government on immunization programs. For instance, in 2017, Puma Biotechnology Inc had received approval for its Nerlynx which is used for the treatment of breast cancer. Adjuvant imparts beneficial effects to vaccines in several ways including the increase in its potency to grasp the higher degree of immunogenicity, reducing the number of repeated vaccinations, widening antibody responses of the individual, and inducing T-cell responses. In addition, the increase in use of recombinant and synthetic vaccines is expected to support the market growth throughout the forecast period.
The key player operating in the global vaccine adjuvant market include Novavax, Inc., GlaxoSmithKline plc., Puma Biotechnology, SEPPIC Inc., Aphios, OZ Biosciences, Agenus,Inc., Hayashibara Co., Ltd., Invivogen, MPV Technologies, etc. These companies are focusing on various strategies to expand its business including collaborations, mergers & acquisitions, and new product development. For instance, in 2017, GlaxoSmithKline had collaborated with Exscientia for the development of new drugs.
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Impact of COVID-19 on Global Vaccine Adjuvants Market
The growing COVID-19 outbreak is anticipated to propel the global vaccine adjuvants market, owing to the crisis majority of healthcare, pharmaceutical, and biotechnology companies have concentrated on treatment, vaccines and medication against COVID-19 pandemic. Most of the key players are focusing on finding a breakthrough vaccine against COVID-19 which is expected to accelerate the growth of global vaccine adjuvants market.
On the basis of region, the global vaccine adjuvant market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America held the largest revenue share followed by Europe. Due to the rise in investments for research & development of new therapeutics and an increase in fatal epidemic diseases in the region. Further, the APAC region is anticipated to witness significant growth, due to the presence of large population prone to various chronic & infectious diseases including HIV, influenza, hepatitis, and cancer.
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