October 16, 2020
According to the research report titled ‘Vaccine Adjuvants Market Share, Size, Trends, Industry Analysis Report, By Product Type; By Route of Administration; By Disease Types; By Application, By Regions; Segment Forecast, 2020 -2027’ available with Market Study Report, global vaccine adjuvants market is anticipated to reach a valuation of USD 1,305.7 million by the year 2027.
Factors such as rising prevalence of infectious diseases, increasing research & development activities in the pharmaceutical sector, escalating government investments, and focus among industry players towards vaccine development in order to reduce side effects as well as its efficiency are augmenting the growth of global vaccine adjuvants market.
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For the uninitiated, an adjuvant is a pharmacological agent that helps in enhancing the immunogenicity as well as specificity of a vaccine by invigorating antigen specific immune reactions. Moreover, it triggers positive immune reactions by mimicking PAMP (pathogen associated molecular patterns) including cell walls of bacteria, liposomes, and lipo-polysaccharide among others.
Additionally, rising cognizance regarding the advantages associated with the product such as enhanced immunity towards infectious diseases, high degree of immunogenicity, reduced dosage of antigens, widening antibody responses, and T-cell responses are positively swaying the global vaccine adjuvants market dynamics.
Based on product type, global vaccine adjuvants industry is fragmented into virus-like particles (VLP), bacteria-derived adjuvants, carbohydrate adjuvants, liposome adjuvants, adjuvant emulsions, tensoactive adjuvants, mineral salt-based adjuvant, and others.
With regards to route of administration, the market is divided into intradermal, intramuscular, intranasal, subcutaneous, oral, and others. Moving on to disease type, the market is segmented into autoimmune disorders, cancer, rare diseases, infectious diseases, and others. The application spectrum of the overall market comprises of commercial application and research application.
Regionally, global vaccine adjuvants market is bifurcated into Latin America, Middle East & Africa, Asia-Pacific, Europe, and North America. The country-level bifurcation of the industry comprises of Argentina, Brazil, Mexico, South Africa, Israel, UAE, Saudi Arabia, Australia, South Korea, Japan, Malaysia, India, China, Austria, Belgium, Spain, Italy, Germany, France, United Kingdom, Canada, and U.S.
Leading players that define the global vaccine adjuvants industry trends are Aphios Corporation, Adjuvants Unlimited LLC, Adjuvants Euclid Canada Inc., OZ Biosciences, Sergeant Adjuvants, Novavax Inc., SPI Pharma, Adjuvatis, Sanofi S.A., Moderna Inc., and GlaxoSmithKline PLC.