Albany NY, United States: The prime objective of vaccination is to generate a strong immune response to the administered antigen so that it can deliver strong protection against infection.
Albany NY, United States: The prime objective of vaccination is to generate a strong immune response to the administered antigen so that it can deliver strong protection against infection. The addition of adjuvants to the vaccines is required to achieve this goal. Adjuvants are the special compounds which have been used since decade to increase the specific response against antigens.
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Adjuvant has become an important component for most of the clinically used vaccines. Aluminum salts have been used safely in the vaccines for almost a century and have become partially successful in promoting the protective immunity. There has been a lot of developments done on the antigen discovery over the past decade which has enhanced the vaccine development process.
Global Vaccine Adjuvants Market – Key Trends
One of the key driving factors for the overall development of the global vaccine adjuvants market has been the growing prevalence of infectious and zoonotic diseases. In addition to this, in recent years there has been an increasing focus on developing more efficient and longer lasting vaccination against current and new diseases.
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The current onset of Covid-19 pandemic is expected create massive growth opportunities for the development of the global market. The research and development activities for creating a vaccine for Covid-19 has been underway at full force. With over a million cases across the globe and more than 160 countries affected, it has become imperative to find a vaccine for the infection. This will present a promising growth opportunities for the overall development of the global market.
Global Vaccine Adjuvants Market – Geographical Outlook
In terms of geographical segmentation, there are seven key regions of the global vaccine adjuvants market. These regional segments are Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa, North America, and Latin America. Of these, currently, the global market is being dominated by the regional segment of North America. The growth of the regional segment is primarily attributed to the presence of a strong healthcare and pharmaceutical sector.
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Moreover, increased levels of spending and funding allocated for development of more efficient vaccine adjuvants is also a key factor for the overall growth of the North America segment. The regional segment of Western Europe and the APEJ segment are next in line after North America in terms of revenue generation. The regional segment of APEJ is expected to witness a highly promising rate of growth in the coming years of the forecast period due to the growing demand from the emerging economies such as India and China.
Global Vaccine Adjuvants Market – Competitive Landscape
The global vaccine adjuvants market features a highly fragmented competitive landscape. This fragmentation of the vendor landscape is due to the presence of several notable players. The companies in the global market for vaccine adjuvants are expected to resort aggressive marketing strategies in order to stay ahead of the competitive curve. These companies are projected to adopt strategies such as mergers, acquisitions, takeovers, strategic alliances & partnerships, and joint ventures in order to stay on top.
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The competition in the global market is expected to rise in the coming years of the forecast period with new players entering in the market. The players are expected focus on developing innovative and advanced vaccine adjuvants in order to stay relevant in the global market. Some of the key players operating in the global market are Brenntag Biosector, CSL Limited, SEPPIC, Agneus, Novavax Inc., SPI Pharma Inc., Invivogen, Avanti Polar Lipids Inc., MPV Technologies and OZ Biosciences among others.
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