Augmented awareness about bioterrorism attacks in many of the developed countries, such as Germany and the US is likely to play an important role in the growth of the global biodefense market in the years to come.
Augmented awareness about bioterrorism attacks in many of the developed countries, such as Germany and the US is likely to play an important role in the growth of the global biodefense market in the years to come. These attacks refer to the process of deliberate release of viruses, bacteria, and many other harmful microbes, which are able to cause outbreak of a disease resulting in deaths. Such a condition makes an adverse impact on the economy as well as human life and health. It often leads to exhaustion of human resources. As such, government in the developed countries takes up several initiatives together with preventive measures to face these attacks. This factor is estimated to foster development of the global biodefense market in the years to come.
Biodefense refers to a certain set of military or medical measures taken to restore biosecurity of a nation against various infectious agents or biological toxins, which can be utilized with the intention to infect or kill animals or human beings. These agents trigger biological warfare. Toxins, fungi, virus, bacteria and other such living organisms can be utilized can be utilized as for the purpose of causing bioterrorism.
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Biodefense is an umbrella term used for several types of treatments and vaccinations administered to protect the masses against biological threats or diseases. Biodefense has become a commercial industry as new threats dominate the healthcare industry. There are several narratives around the use of bioterrorism by anarchy-prone foes across regional borders. Therefore, biodefense is also considered to be a means of countering bioterrorism. However, medical practitioners consider biodefense as a tool to protect the masses against severe infections, plagues, and outbreaks. In either case, the use of biodefense technologies is slated to increase over the next decade.This is a customized review on the global biodefense market, written to sheds value on of the key trends shaping market growth and maturity. Biodefense has become a widely-used term that is expected to gather more popularity in the times to follow.
Ability to Re-engineer Viruses Easily is likely to Widen Scope of Market Growth
Technological progress made in the field of biotechnology and genetic engineering in the last few decades have assisted in making modification of these naturally yet fatal viruses quite easy. It is now possible to re-engineer these agents to cause more harm to people and animals. In addition, these organisms are easily available thereby making biodefense an important facet of the national defense for any country. This factor is estimated to pave way for rapid growth of the global biodefense market in the years to come. Nuclear agents, chemical, botulism, and anthrax have all been used earlier as carriers of bioterrorism in the past.
Bioterrorism attacks are targeted on the defense personnel of nation through inhibition or contamination of water and food supplies. Therefore, the total worth of the biodefense market is growing alongside advancements in military and defense technologies. Medical research institutes affiliated to the army and military of regions are making ceaseless efforts to develop biodefense mechanisms.
Key Players Analysis:
SIGA Technologies., Dynavax Technologies Corporation., Ichor Medical Systems, Elusys Therapeutics Inc.
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