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Market Overview:Vaccine adjuvant is formulated as a component of vaccine which enhances the effectiveness of vaccine and its ability to protect against infections. Adjuvant aids in activating the immune system which in turn provides the body with long-term protective immunity against various types of infections and diseases. Market Research Future (MRFR) has recently published a report asserting that the global vaccine adjuvants market is marked to expand at a noteworthy CAGR of 10.1% during the forecast period of 2017-2023.
Market Drivers and Restraints:
Rise in prevalence of various diseases that directly attack the immune system of human beings has led to the increased demand for vaccines all over the world., which in turn is propelling the growth of the global vaccine adjuvants market. The ability of adjuvants to enhance the effectiveness of vaccines and increased research and development for introducing high-quality vaccines are some other factors that are fueling the expansion of the global vaccine adjuvants market. However, low penetration of advanced healthcare solutions, low research and development expenditure in underdeveloped regions and lack of awareness in these regions are likely to restrain the growth of the global vaccine adjuvants market during the assessment period.
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Market Segmentation:
The global vaccine adjuvants market has been are segmented on the basis of types, routes of administration, and end users. Based on types, the vaccine adjuvants market has been segmented into pathogen components, particulate adjuvants, and others. The particulate adjuvants segment is dominating the global vaccine adjuvants market owing to the presence of large variety of products and its greater efficiency in the treatment of diseases. Based on routes of administration, the vaccine adjuvants market has been segmented into oral, intramuscular, subcutaneous, and intradermal. The intramuscular segment commanded for the major share in the global vaccine adjuvants market as this route of administration of vaccines provide better immune specificity. Based on end users, the vaccine adjuvants market has been segmented into pediatric, adult.
Regional Analysis:
Geographically, the global vaccine adjuvants market has been segmented into four major regions such as the America, Asia Pacific, Europe, and the Middle East and Africa. The Americas command for the major share in the global vaccine adjuvants market owing to the high demand for vaccines, increased healthcare expenditure and increased utilization of advanced technology for the development of advanced medications in the well-developed healthcare infrastructure in this region. The Europe region commands for the second largest share in the global vaccine adjuvants market owing to the research and development activities carried out in the biotechnological and pharmaceutical industries for introducing highly effective vaccines to tackle various diseases and increased healthcare expenditure by the population of this region. The Asia Pacific region is projecting fastest growth in the global vaccine adjuvants market owing to the increased prevalence of contagious diseases and improvement in the healthcare sector of emerging economies like India and China in this region. Lack of awareness and low penetration of primary healthcare solutions are leading to the slow growth of the vaccine adjuvants market in the Middle East and Africa region.
Competitive Analysis:
With the help of advanced technology, the players in the global vaccine adjuvants market are focusing on business expansion by developing advanced products for creating highly effective vaccines. Strategic mergers and acquisitions are aiding these players to sustain the competitive environment of the global vaccine adjuvants market.
The leading players profiled by MRFR that are operating in the global vaccine adjuvants market are VaxLiant LLC.(the U.S), Vaxine Pty Ltd (Australia), Aphios Corporation (the U.S), Viscogel AB (Sweden), Adjuvatis (France), Sergeant Adjuvants (the U.S), Sigma-Aldrich Co. LLC.(India), CureVac AG (Germany), Brenntag Biosector (Denmark), CSL Limited (Australia), SEPPIC (France), Agenus, Inc. (the U.S), Novavax, Inc.(the U.S), SPI Pharma, Inc.(the U.S), Invivogen (the U.S), Avanti Polar Lipids, Inc. (the U.S), MPV Technologies (the U.S), and OZ Biosciences (France).
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