Therapeutic Vaccines Market Poised to Grow at a CAGR of 7.3% by 2024
Infinium Global Research has added a new report on Therapeutic
Vaccines Market. The report presents analysis of global as well as
regional markets of therapeutic vaccines market over the period of 2016 to
Therapeutic vaccines aren't used for prevention. Instead,
they're used as a method of treatment. Therapeutic Vaccines are used to
stimulate the immune system to target an infection or a type of diseased cell -
such as a cancer cell. complications of a chronic diseases such as Pneumococcal
Disease, DTP, Influenza, Human Papilloma Virus, Meningococcal Disease, Polio,
Hepatitis and Varicella Dengue. It is accomplished by controlling the presence
of viruses in the blood and reducing the viral set-point in infected people.
According to U.S. Food and Drug Administration, promising results from clinical
trials recently led to the approval of the first therapeutic cancer
vaccine.According to World Health Organization "Allergen immunotherapy
Therapeutic vaccines for allergic diseases." The historical term allergen
extract was changed to allergen vaccine to reflect the fact that allergen
vaccines are used in medicine as immune modifiers.
The major driving factor
such as increasing occurrence of cancer, cardiovascular diseases, HIV infection
and various chronic diseases are boosting the therapeutic vaccines market. In
addition, Increase in funding’s from government for vaccine development and
growing awareness among people for severe disease are the key factors
escalating the growth of Therapeutic Vaccines Market. However, high cost
associated with treatment is expected to hinder the growth of Therapeutic
Vaccines Market. Moreover, various pharmaceutical players in this market are
extensively researching on the research & Development activities to develop
novel vaccines for several diseases that may create growth opportunities for
Therapeutic Vaccines Market in the near future.
Among the geographies, North America is the leading contributor
in the Therapeutic Vaccines Market. The U.S has the largest market share in the
North America region. Developed medical and healthcare infrastructure and
increasing funding for research and development activities are the few factors
augmenting the growth in the North America region. On the other hand, Asia
Pacific region is anticipated to be the fastest growing market in upcoming year
owing to the increasing prevalence of various diseases, rising disposable
income and rapidly growing aging population. Moreover, the growth matrix
presented by Infinium Global Research identifies the key investment markets in
the near future, this will not only help the companies to understand the
competitive position in the global therapeutic vaccines market but also make
strategic decisions to capture the most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the
global therapeutic vaccines market over the last couple of years, while
emerging markets of Asia-Pacific and Latin America are anticipated to
contribute significantly to the growth in the therapeutic vaccines market
The report segments the global therapeutic vaccines market on
the basis of Vaccines Type, Disease Indication, Administration and End User.
Global Therapeutic Vaccines Market by Vaccines
Auto Immune Diseases Vaccines
Neurological Disease Vaccines
Chronic Disease Vaccines
Infectious Diseases Vaccines
Global Therapeutic Vaccines Market by Disease
Human Papilloma Virus
Global Therapeutic Vaccines Market by
Intramuscular And Subcutaneous
Other Routes Of Administration
Global Therapeutic Vaccines Market by End User
Companies Profiled in the Report
Merck & Co., Inc.
Sanofi Pasteur SA
Emergent Biosolutions, Inc.
Johnson & Johnson
Astellas Pharma, Inc.
Serum Institute of India
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