New York, United States , April 17, 2024 (GLOBE NEWSWIRE) -- The Global Vaccine Adjuvants Market Size is to Grow from USD 1.03 Billion in 2023 to USD 1.51 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.9% during projected period.
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A vaccine adjuvant is any chemical that is used with a vaccination to enhance the vaccine's immunological response. Vaccine adjuvants boost the immune response to vaccines, decreasing antigen dosages, shortening immunization sessions, and improving antigen stability. Aluminum salts such as aluminum hydroxide and aluminum phosphate are common adjuvants and have been shown to be effective in licensed vaccinations. Adjuvants improve vaccination efficacy by activating the immune system to recognize antigens. They activate B and T cells, which develop into memory B or plasma cells. Adjuvants can alter the amount and kind of T helper cell response, thus influencing the vaccine's immunological response. The emergence of life-threatening diseases such as cervical cancer, HPV, HIV, and tuberculosis has raised the need for adjuvants to improve vaccine efficacy. The global vaccine adjuvants market is gaining momentum due to the increasing prevalence of infectious diseases, particularly those caused by novel microbes. This demand for effective vaccines is driven by factors such as biotechnology advancements, increased government funding, and increased R&D expenditure, resulting in increased potency and protection against infections. However, adjuvant vaccines face rigorous regulatory scrutiny, requiring effective communication of safety profiles to ensure market adoption and prevent delays and increased costs. Hence, these factors may impede the market growth of the global vaccine adjuvants market during the forecast period.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Vaccine Adjuvants Market Size, Share, and COVID-19 Impact Analysis, By Type (Pathogen Component, Particulate Adjuvants, Others), By Route of Administration (Oral, Intramuscular, Subcutaneous, Intradermal), By Application (Research Application, Commercial Application), By End-User (Pediatric, Adult), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The particulate adjuvants segment is anticipated to hold the greatest share of the global vaccine adjuvants market during the projected timeframe.
On the basis of type, the global vaccine adjuvants market is divided into pathogen component, particulate adjuvants, and others. Among these, the particulate adjuvants segment is anticipated to hold the greatest share of the global vaccine adjuvants market during the projected timeframe. The growth can be attributed to the rise in illnesses like allergies, cancer, and HIV/AIDS, enhanced vaccine immunization, and a growing demand for innovative treatments are key factors.
The intramuscular segment is predicted to grow at the fastest pace in the global vaccine adjuvants market during the estimated period.
On the basis of route of administration, the global vaccine adjuvants market is divided into oral, intramuscular, subcutaneous, and intradermal. Among these, the intramuscular segment is predicted to grow at the fastest pace in the global vaccine adjuvants market during the estimated period. The segmental growth can be attributed to with an expanding older population and vaccinations for improved immunization, the intramuscular sector propels the market.
The commercial application segment is predicted to hold the greatest share of the global vaccine adjuvants market during the estimated period.
On the basis of application, the global vaccine adjuvants market is divided into research application and commercial application. Among these, the commercial application segment is predicted to hold the greatest share of the global vaccine adjuvant market during the estimated period. The segmental growth can be attributed to the government-approved various forms of adjuvants for vaccine production, resulting in increasing demand for adjuvants to improve immune response.
The pediatric segment is predicted to hold the greatest share of the global vaccine adjuvants market during the estimated period.
On the basis of end-user, the global vaccine adjuvants market is divided into pediatric and adult. Among these, the pediatric segment is predicted to hold the greatest share of the global vaccine adjuvants market during the estimated period. The segmental growth can be attributed to the effective vaccinations and adjuvants needed to improve immune response in pediatric populations.
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North America is expected to hold the largest share of the global vaccine adjuvants market over the forecast period.
North America is expected to hold the largest share of the global vaccine adjuvants market over the forecast period. The growth can be attributed to the high commercial and research acceptance, there is good healthcare infrastructure, extensive R&D expenditure, and the presence of large industry players making vaccine adjuvants. Continuous technological advancements for various disease applications have contributed to regional market expansion. The United States, with its strong healthcare infrastructure and government initiatives, has experienced a considerable increase in vaccine demand due to its huge population and high travel volume. Strategic decisions, such as agreements and partnerships among key industry players for vaccine research and development, contribute to the region's market expansion.
Asia-Pacific is predicted to grow at the fastest pace in the global vaccine adjuvants market during the projected timeframe. The regional growth can be attributed to the Increased prevalence of infectious diseases, rising healthcare expenses & rapid technological advancements all contribute considerably to market expansion. There is an increasing demand for vaccines and vaccine adjuvants to address infectious diseases.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global vaccine adjuvants market include SPI Pharma, Inc., InvivoGen, Dynavax Technologies Corporation, Brenntag Biosector, Croda International Plc., Agenus Inc., Novovax, GlaxoSmithKline plc., Merck KGaA, Merck KGaA, TjKaiwei, OZ Biosciences, Adjuvatis, Aurorium, SEPPIC, Others.
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Recent Developments
- In Oct 2022, GSK obtained affinivax, a Cambridge-based clinical-stage biopharmaceutical firm that is developing a unique class of vaccines, including the most advanced next-generation pneumococcal vaccine.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global vaccine adjuvants market based on the below-mentioned segments:
Global Vaccine Adjuvants Market, By Type
- Pathogen Component
- Particulate Adjuvants
- Others
Global Vaccine Adjuvants Market, By Route of Administration
- Oral
- Intramuscular
- Subcutaneous
- Intradermal
Global Vaccine Adjuvants Market, By Application
- Research Application
- Commercial Application
Global Vaccine Adjuvants Market, By End-User
- Pediatric
- Adult
Global Vaccine Adjuvants Market, Regional Analysis
- North America
- US
- Canadas
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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