SEATTLE, July 22, 2021, (MEDGADGET) — Global Prophylactic Human Vaccine Market Analysis
Human prophylactic vaccinations enhance the immune reaction and are designed to reduce the impact of future pathogen infections in humans. In the production of HPV (Human Papilloma Virus) and HBV (Hepatitis B Virus) vaccines, novel vaccine development methods such as viral-like particles are utilized. CureVac AG was awarded a EUR 2 million Vaccination Prize by the European Commission in March 2014 for their unique RNActive vaccine technology. This RNActive vaccine technology allows for the development of safe, effective, and cost-efficient vaccinations that are resistant to both high temperatures and accidental freezing.
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During the forecast period, the global prophylactic human vaccine market is estimated to rise due to an increase in pipeline research and increased engagement of major companies in vaccine development. CureVac AG stated in October 2018 that it would begin a dosage escalation phase I clinical study for the CV7202 mRNA-based rabies vaccine. CV7202 is a rabies vaccine that encodes RABV-G, the rabies virus glycoprotein. This will allow vaccinated individuals’ own cells to manufacture RABV-G protein, which will stimulate an immunological response. The investigation is expected to be finished in January 2021.
Valneva SE also revealed progress in its Phase 1 program to develop a single-shot Chikungunya vaccine in October 2018. It is intended for use in humans as a preventive, topical, single-dose vaccination against Chikungunya. The vaccine is designed to provide long-term protection with a safety profile that is similar to that of other licensed vaccines for active vaccination in adults and children.
Moreover, the market is projected to increase due to increased endeavors by various scientists to discover creative methods to combat infectious illnesses. In September 2018, VBI Vaccines Inc. announced the creation of three SABs (Scientific and Clinical Advisory Boards) comprised of prominent specialists in infectious disease and immuno-oncology research and antibody production for GBM (Glioblastoma), hepatitis B, and CMV (Cytomegalovirus) vaccine development. Due to improved vaccine development, this partnership is projected to fuel the global prophylactic human vaccine market’s expansion.
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The global prophylactic human vaccine market is expected to be hampered by significant challenges in vaccine development, such as viral variety and lack of animal models. As per Gastroenterology in October 2018, vaccine development involves a significant expenditure of diverse resources and is quite difficult. Vaccine trials in humans are challenging to design because the risks of developing an acute illness after vaccination are relatively high. As a result, antiviral medication must be provided quickly, making illness management difficult.
Geographically, North America is expected to lead the global prophylactic human vaccine market due to a significant number of government-funded research grants. The US Army Medical Research Acquisition Activity awarded GeoVax Labs, Inc., a U.S.-based firm, a grant of US$ 2,442,307 in September 2018. The money was given as part of a cooperation agreement for the development of a new LF (Lassa Fever) vaccine (GEO-LM01). GEO-LM01 employs a vaccination platform based on MVA (Modified Vaccinia Ankara) and Virus-Like Particle (VLP) that has been shown to be safe and generate antigen effects in patients. Furthermore, the MVA-VLP platform has demonstrated efficacy in preclinical tests for GeoVax’s preventive HIV vaccine, GeoVax’s Ebola vaccine, and GeoVax’s Zika vaccine.
Due to increased government effort for creating effective and safe vaccinations, the global prophylactic human vaccine market in Europe is projected to increase significantly. The European Commission sponsored TRANSVAC, a new infrastructure project, in October 2017. This project intends to create efficacious vaccines quickly in order to solve European health concerns and, as a result, boost the long-term viability of European Commission vaccination programs. TRANSVAC provides high-quality technical assistance in the production of preventive and therapeutic vaccines for humans and animals.
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Major companies contributing in the global prophylactic human vaccine market are Serum Institute of India Pvt. Ltd., Shanghai BravoBio Co., Ltd., Bharat Biotech International Limited, Janssen Pharmaceuticals, Inc., Pfizer Inc., Merck & Co., Inc., GlaxoSmithKline Plc., SK Chemicals Co., Ltd., BiondVax Pharmaceuticals Ltd., Altimmune, Inc., Takeda Pharmaceutical Company Limited, SK Chemicals Co., Ltd., and Sanofi Pasteur SA.
Table of Content
Global Prophylactic Human Vaccine Market Research Report
Section 1: Global Prophylactic Human Vaccine Industry Overview
Section 2: Global Economic Impact on Prophylactic Human Vaccine Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Prophylactic Human Vaccine Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Prophylactic Human Vaccine Market Forecast
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