Vaccine Adjuvants Market Revenue, Company Profile, Key Trend Analysis & Forecast Till 2027
The global vaccine adjuvants market is expected to grow at a CAGR of 10.1% during the forecast period.
Adjuvant is
a substance that enhance the immune responses against antigens. More than one
adjuvant may be present in the final vaccine products. Aluminum salts, such as
aluminum hydroxide, aluminum phosphate, and aluminum potassium sulfate are
widely used as an adjuvant in the vaccines production. Increasing demand for
adjuvants to enhance and extend immune response and need for development of
safe and non-toxic adjuvants will boost the growth of the market. Moreover,
increasing use of synthetic vaccines and recombinant vaccines are also expected
to drive the global vaccine adjuvants market over the forecast period.
Moreover, increasing demand for improved and long-lasting vaccination against
existing and emerging diseases and increasing vaccination programs by the
government and research and development activities favor the growth of this
market in this region. On the other hand, high toxicity of adjuvants, and high
developing cost for a new vaccine adjuvants may hamper the growth of the
market.
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Major
Players in Vaccine adjuvants Market
Some of the
key players in the global market are VaxLiant LLC.(U.S),Vaxine Pty Ltd
(Australia), Aphios Corporation (U.S), Viscogel AB (Sweden), Adjuvatis
(France), Sergeant Adjuvants (U.S), Sigma-Aldrich Co. LLC.(India), CureVac AG
(Germany), Brenntag Biosector (Denmark), CSL Limited (Australia), SEPPIC
(Fracne), Agenus, Inc. (U.S), Novavax, Inc.(U.S), SPI Pharma, Inc.(U.S),
Invivogen (U.S), Avanti Polar Lipids, Inc. (U.S), MPV Technologies (U.S), and
OZ Biosciences (France).
Regional
Analysis
The global
vaccine adjuvants market consists of four regions: the Americas, Europe, Asia
Pacific, and the Middle East & Africa.
The
Americas dominates the global market due to major initiatives taken by the
government for vaccination against many diseases as well as excellent
management of public awareness programs. Europe is the second largest market
owing to increased emphasis and availability of funds for research and
development. The government is campaigning about vaccination and various
preventive measures against infectious and non-infectious diseases. Recently,
governments in developing countries of Asia Pacific have undertaken various
vaccinations programs to the educate people. India is expected to be an
emerging and the fastest growing market due to increasing focus on immunization
programs by various government and NGOs. The market shows steady growth in the
Middle East & Africa due to lower demand for vaccine adjuvants as compared
to other regions across the globe.
Segmentation
The global
vaccine adjuvants are segmented by types, routes of administration, and end
users. On the basis of types, it is segmented into pathogen components,
particulate adjuvants, and others. On the basis of routes of administration, it
is segmented into oral, intramuscular, subcutaneous, and intradermal. On the
basis of end users, it is segmented into pediatric, adult.
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