The Global Biodefense Market size is expected to reach USD 20.13 Billion in 2028 and register a revenue CAGR of 5.4% over the forecast period, according to the latest report by Emergen Research. Favorable government initiatives, increasing possibility of biological threats and attacks are factors driving global biodefense market revenue growth.
Rapid technological advancements and rise in production of vaccines and innovations in quick biothreat detection technologies are key factors driving market revenue growth.
Biodefense is the use of medical measures to protect citizens against bioterrorism threats or possibility. Biodefense also includes production of stockpiles of vaccines and medication for people across the globe. Bioterrorism is an intentional release of harmful biological agents such as bacteria, viruses, and other germs to cause sickness/illness, and to harm humans, animals, or crops in a country or region. Biological agents can spread through air, water, food, and contact, and can ruin food crops and infect or kill livestock to terrorize populations or to manipulate governments.
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It can also spread from person to person, causing serious health issues or life-threatening disease. Destruction caused by biological threat is enormous, therefore, various countries such as the U.S., China, India, and Russia are focusing more on spending significant amounts on research and development to enhance their respective biodefense systems and capabilities. In addition, increasing potential of wars and geopolitical tensions among countries, and increasing incidence of infectious diseases are some other key drivers of steady growth of the global biodefense market.
A major factor hampering global biodefense market growth is low market penetration in some developing and underdeveloped countries. Limited government intervention and funding for biodefense materials are some of the major factors restraining growth of the market. In addition, terrorist organizations have been showing interest in biotechnology to create biological weapons. These technologies provide opportunities for scientific breakthrough, and can cause catastrophic impacts on countries, world, and environment.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
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Top competitors of the Biodefense Market profiled in the report include:
CanSino Biologics, BioNTech SE, Altimmune, Emergent BioSolutions Inc., SIGA Technologies, Inc., Cleveland BioLabs, Inc., Alnylam Pharmaceuticals Inc., Elusys Therapeutics, DynPort Vaccine Company LLC, and Ichor Medical Systems Inc., AstraZeneca Plc, Serum Institute of India, Wuhan Institute of Biological Products, Inovio Pharmaceuticals Inc., and SinovacBiotech Ltd.
Emergen Research has segmented the global Biodefense market on the basis of type, storage system, deployment, architecture, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- COVID-19 Vaccine
- Anthrax Vaccine
- Smallpox Vaccine
- Botulism Vaccine
Biothreat Detection Device Type Outlook (Revenue, USD Billion; 2018-2028)
- Triggering Devices
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Hospital and Clinics
- Ambulatory Care Centre
- Research Organizations
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Regional Analysis of the Biodefense Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The research report on the Biodefense market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Biodefense business sphere.
Major benefits of the Biodefense market report:
- The report discusses in detail the changing dynamics of the competitive landscape
- The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
- The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
- The report encompasses a detailed forecast for the years 2020-2027
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline
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The report also provides a detailed analysis of consumption and market value depending on each geographical region. The report aims to provide beneficial information that might help in formulating new business strategies and expansion plans. SWOT analysis is also offered in this report. Research findings and conclusions are offered through detailed graphs, tables, charts, and figures.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Biodefense Market Segmentation & Impact Analysis
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