Global Human Vaccine Adjuvants Market Size By Type, By Route Of Administration, By Application, By Geographic Scope And Forecast
Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Human Vaccine Adjuvants Market Size By Type, By Route Of Administration, By Application, By Geographic Scope And Forecast
Human Vaccine Adjuvants Market Size And Forecast
Human Vaccine Adjuvants Market size was valued at USD 1.59 Billion in 2023 and is projected to reach USD 4.5 Billion by 2031, growing at a CAGR of 12.1 % during the forecast period 2024-2031.
Global Human Vaccine Adjuvants Market Drivers
The market drivers for the Human Vaccine Adjuvants Market can be influenced by various factors. These may include
- Growing Prevalence of Infectious illnesses Vaccine demand is rising as infectious illnesses continue to pose serious risks to public health around the world. This is the reason why adjuvants for vaccinations are necessary to increase their effectiveness.
- Increasing Vaccine Development Investments Following pandemics such as COVID-19, governments, private groups, and pharmaceutical firms are making significant investments in vaccine research and development. Adjuvants that can increase vaccine efficacy are in higher demand as a result of this increasing spending.
- Technological Developments Immunology and technological breakthroughs have produced innovative adjuvants that can elicit more robust immune responses, increasing the market’s demand for these goods.
- Growing Senior Population As immune systems deteriorate with age, older people are more vulnerable to infectious diseases. Consequently, there is a growing emphasis on creating vaccinations against illnesses like shingles, pneumonia, and influenza, which need adjuvants to be more effective against older persons.
- Extending immunization Programs To stop the spread of infectious illnesses, particularly in developing nations, governments and international organizations are putting in place broad immunization programs. As a result, there is a need for vaccine adjuvants to fund these initiatives.
- Growing Public Awareness of Preventive Healthcare As public awareness of the value of vaccination in illness prevention rises, so does public acceptance of vaccines. Adjuvants that can boost immune responses and increase vaccine effectiveness are in high demand as a result.
- Increase in Pandemic Preparedness COVID-19 and other recent pandemics have brought attention to the significance of being ready for newly developing infectious illnesses. Investments in adjuvant research and vaccine development have increased as a result, enabling quick reactions to potential outbreaks in the future.
- Regulatory Support Regulatory bodies are expediting the approval procedures for adjuvanted vaccines as they become more aware of the value of adjuvants in vaccine development. This propels market expansion by incentivizing pharmaceutical companies to allocate resources on adjuvant research and development.
Global Human Vaccine Adjuvants Market Restraints
Several factors can act as restraints or challenges for the Human Vaccine Adjuvants Market. These may include
- Regulatory Difficulties Because adjuvants may affect the safety and effectiveness of vaccines, they are closely inspected by the government. It might take time and money to comply with regulatory criteria for approval, which prevents new businesses from entering the market.
- Safety Issues Adjuvants that raise safety issues may not be used as much in vaccine formulations. Adjuvants have the potential to elicit negative reactions or localized discomfort at the injection site, which could make patients and healthcare providers hesitant.
- Cost Restrictions Adjuvant development and production can be expensive, especially for unique or proprietary formulas. Expensive vaccinations may be produced at high costs, which could restrict availability for some patient populations or in environments with limited resources.
- Limited Adoption It may be difficult for newly adjuvanted vaccinations to become widely accepted because traditional vaccines without adjuvants may already be well-established in the market. Patients and healthcare professionals could be hesitant to move to new products unless there is compelling proof of increased safety or efficacy.
- Intellectual Property Problems Adjunctive technology’ intellectual property rights may make it difficult for new competitors to enter the market. Patent conflicts, proprietary formulae, and licensing agreements can stifle market competition and innovation.
- Manufacturing Difficulties Increasing the production of vaccines with adjuvants can be difficult and necessitate certain facilities and manufacturing techniques. Adjuvanted vaccine supply and cost may be impacted by manufacturing limitations such as capacity limitations or production delays.
- Public opinion and adoption Adjuvants’ adoption and uptake can be impacted by the public’s opinion of them, which can be shaped by things like vaccine hesitancy or disinformation. For the adjuvant market to flourish, it is imperative that safety and efficacy issues are addressed through education and communication initiatives.
- Global Health Inequities Market constraints for adjuvanted vaccines may be made worse by differences in the availability of healthcare and vaccinations among geographic or socioeconomic groups. For the market to grow, these disparities must be addressed by focused pricing tactics, harmonized regulations, and infrastructure spending.
Global Human Vaccine Adjuvants Market Segmentation Analysis
The Global Human Vaccine Adjuvants Market is Segmented on the basis of Type, Route of Administration, Application, and Geography.
Human Vaccine Adjuvants Market, By Type
- Aluminum Salts Traditional adjuvants widely used in vaccines to enhance immune response and improve antigen persistence. Examples include aluminum hydroxide, aluminum phosphate, and aluminum potassium sulfate.
- Oil-based Adjuvants Lipid-based formulations that promote antigen uptake and activation of immune cells. Examples include MF59 (squalene oil-in-water emulsion) and AS03 (squalene-based adjuvant system).
- Mineral Salts Adjuvants composed of mineral salts such as calcium phosphate, calcium carbonate, and magnesium hydroxide, which enhance antigen presentation and stimulate immune response.
- Adjuvant Systems Combination adjuvant formulations designed to elicit specific immune responses and enhance vaccine efficacy. Examples include AS04 (aluminum hydroxide with monophosphoryl lipid A) and AS01 (liposome-based adjuvant containing MPL and QS-21).
Human Vaccine Adjuvants Market, By Route of Administration
- Intramuscular (IM) Administration Vaccines administered via injection into the muscle, commonly utilizing adjuvants to enhance immunogenicity and promote long-lasting immunity.
- Subcutaneous (SC) Administration Vaccines injected under the skin, often incorporating adjuvants to improve antigen delivery and stimulate immune response.
- Intradermal (ID) Administration Vaccines administered directly into the skin using a microneedle or other delivery device, with adjuvants facilitating antigen uptake by immune cells in the dermis.
Human Vaccine Adjuvants Market, By Application
- Infectious Diseases Vaccines Adjuvants used in vaccines against infectious diseases such as influenza, hepatitis B, human papillomavirus (HPV), and meningococcal disease, aiming to induce protective immunity and prevent infection.
- Cancer Vaccines Adjuvants incorporated into cancer vaccines to stimulate immune responses against tumor-specific antigens, potentially leading to tumor regression or prevention of cancer recurrence.
- Autoimmune Disease Vaccines Adjuvants utilized in vaccines targeting autoimmune diseases such as rheumatoid arthritis, multiple sclerosis, and lupus, aiming to modulate immune responses and induce tolerance to self-antigens.
Human Vaccine Adjuvants Market, By Geographic
- North America A significant market for human vaccine adjuvants, driven by high healthcare spending, extensive vaccination programs, and strong research and development activities in the pharmaceutical and biotechnology sectors.
- Europe Europe has a robust market for vaccine adjuvants, supported by the presence of leading vaccine manufacturers, government initiatives to promote immunization, and growing demand for novel adjuvant technologies.
- Asia-Pacific Emerging as a key market for human vaccine adjuvants, fueled by increasing awareness of preventive healthcare, rising incidence of infectious diseases, and expanding vaccine manufacturing capabilities in countries like China and India.
- Latin America, Middle East, and Africa These regions are witnessing growing investments in healthcare infrastructure, vaccination campaigns, and disease prevention efforts, driving demand for human vaccine adjuvants to improve vaccine efficacy and public health outcomes.
Key Players
The major players in the Human Vaccine Adjuvants Market are
- GlaxoSmithKline plc
- Merck & Co Inc.
- Novartis AG
- AstraZeneca plc
- Bavarian Nordic
- Adjuvance Technologies Inc.
- Vaxine Pty Ltd.
- Dynavax Technologies Corporation
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | GlaxoSmithKline plc, Merck & Co Inc., Novartis AG, AstraZeneca plc, Bavarian Nordic, Vaxine Pty Ltd., Dynavax Technologies Corporation. |
SEGMENTS COVERED | By Type, By Route of Administration, By Application, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.