Overview of the Plant-based Vaccines Market:
Plant-based vaccines have significant advantages over animal-based proteins in terms of safety, effectiveness, and cost. They are also more easily stored, and manufacturing facilities can be expanded with less hassle. Moreover, plant proteins are generally free from all pathogen-associated diseases and are generally made from renewable resources, which play a vital role in curbing the growing environmental contamination. Currently, there are more than 20 plant-based vaccines in development. Most of these vaccines are developed for childhood vaccines and are scheduled for release during the upcoming school seasons. The global plant-based vaccines market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global plant-based vaccine market is expected to witness significant growth during the forecast period, owing to increasing government funding for vaccine development.
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Market Drivers:
Increasing incidence rate of influenza is expected to drive the growth of the global plant-based vaccine market during the forecast period. According to the Centers for Diseases Control and Prevention (CDC), since 2010, influenza has resulted in between 9 million and 45 million cases with around 140,000 to 810,000 hospitalizations and around 12,000 to 61,000 deaths in the U.S. This, in turn, has increased the demand for vaccines worldwide. Hence, such factors are expected to drive the growth of the global plant-based vaccines market during the forecast period. Moreover, increasing government funding for vaccine development is expected to propel the global plant-based vaccines market growth over the forecast period.
Market Restraint:
Challenges associated with product approval and the high cost of production are expected to hinder the global plant-based vaccines market growth over the forecast period.
Regional Insights:
Among regions, North America is expected to witness significant growth in the global plant-based vaccines market during the forecast period. This is owing to the presence of a large number of plant-based vaccine manufacturers across the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to proactive efforts by government and non-governmental organizations in the region.
Competitive Section:
Major companies involved in the global plant-based vaccines market are
- Creative Biolabs
- Medicago Inc.
- EEA Consulting Engineers
- Kentucky BioProcessing, Inc.
- Protalix
For instance, in July 2020, GlaxoSmithKline (GSK) partnered with Medicago to develop, assess, and manufacture, a plant-based adjuvanted COVID-19 vaccine candidate.
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Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Plant-based Vaccines Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Bacterial Vaccine
- Viral Vaccine
- Others
By Applications, the market is segmented into:
- Against Infectious Agents
- Anti-Cancer
- Against Autoimmune Disorders
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Plant-based Vaccines Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Plant-based Vaccines Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Plant-based Vaccines Market
1.6.1 How the Covid-19 is Affecting the Plant-based Vaccines Market
1.6.1.1 Plant-based Vaccines Market Business Impact Assessment – Covid-19
1.6.2 Market Trends and Plant-based Vaccines Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Plant-based Vaccines Market Perspective (2015-2028)
2.2 Plant-based Vaccines Market Growth Trends by Regions
2.2.1 Plant-based Vaccines Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Plant-based Vaccines Market Historic Market Share by Regions (2015-2021)
2.2.3 Plant-based Vaccines Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Plant-based Vaccines Market Growth Strategy
2.3.6 Primary Interviews with Key Plant-based Vaccines Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Plant-based Vaccines Market Players by Market Size
3.1.1 Global Top Plant-based Vaccines Market Players by Revenue (2015-2021)
3.1.2 Global Plant-based Vaccines Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Plant-based Vaccines Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Plant-based Vaccines Market Concentration Ratio
3.2.1 Global Plant-based Vaccines Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Plant-based Vaccines Market Revenue in 2019
3.3 Plant-based Vaccines Market Key Players Head office and Area Served
3.4 Key Players Plant-based Vaccines Market Product Solution and Service
3.5 Date of entering into Plant-based Vaccines Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Plant-based Vaccines Market Historic Market Size by Type (2015-2021)
4.2 Global Plant-based Vaccines Market Forecasted Market Size by Type (2021-2028)
Continued….
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