Global Vaccine Conjugates Market Overview
Conjugate vaccines are developed through a covalent bond between a weak antigen and a strong antigen. This boosts the immune response of the host towards various diseases. Conjugate vaccines are germ specific and are capable of identifying just the targeted germs and bacteria, making them usable as a preventive measure to provide additional protection.
The global vaccine conjugates market is anticipated to register a 14.5% CAGR over the forecast period of 2018-2027. Various factors attributable to such growth include a rising occurrence of diseases caused by various microorganisms and bacteria. Further, a mounting awareness towards the prevention and avoidance of infectious diseases is driving the global vaccine conjugates market to a great extent. An increasing number of regulatory approvals to a rising number of vaccines is expected to ascend the global vaccine conjugates market by 2027.
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However, complex manufacturing procedures and low accessibility of vaccines to rural and remote areas are anticipated to hinder growth in the global vaccine conjugates market. Moreover, recent incidents of fraud and malpractice of top vaccine manufacturers are assessed to refrain the market from augmenting during the forecast period. For instance, in July 2018, a Chinese vaccine manufacturer was found guilty of fabricating its manufacturing records and faced legal consequences.
The global vaccine conjugates market is studied by Market Research Future (MRFR) for various segments. This segmentation is carried out by type, disease indication, patient stage, pathogen type, end-user, and region. Based on type, the vaccine conjugates market is segmented into multivalent conjugate vaccines and monovalent conjugate vaccines. On the basis of disease indication, the vaccine conjugates market is segmented into influenza, DTP, pneumococcal, and meningococcal. Based on pathogen type, the vaccine conjugates market is segmented into bacterial conjugate vaccine, viral conjugate vaccine, and combination conjugate vaccine. Based on patient stage, the vaccine conjugates market is segmented into adults conjugate vaccine and pediatrics conjugate vaccine. Based on end-user, the vaccine conjugates market has been segmented into academic institutes, research institutes, and pharmaceutical industries.
Detailed Regional Analysis
The global vaccine conjugates market is segmented into the regions of the Americas, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the Americas are expected to spearhead the global vaccine conjugates market during the forecast period. This market command can be accredited to the rising prevalence of infectious diseases and increasing awareness of vaccination. Further, technological advancements and rising government initiatives towards the encouragement of vaccination programs are contributing to the heavy ascension of the vaccine conjugates market. The Centers for Disease Control (CDC) has mentioned that vaccination has proven as the best medium towards the prevention of diseases and has reduced the impact of various life-threatening diseases.
On the other hand, Europe’s vaccine conjugates market is highly driven by extensive research and development activities in the fields of biotechnology and vaccine conjugates within various countries in the region. The vaccine conjugates market in the region is expected to register faster growth and is anticipated to follow the Americas. Owing to the rising demand for genetically modified organisms, the market in Europe is showcasing huge growth potential during the forecast period.
Asia Pacific is anticipated to grow at a steady rate for vaccine conjugates during the forecast period. This can be owed to a growing prevalence of geriatric population and the prevalence of infectious diseases. Countries such as Singapore, India, China, and Japan are projected to showcase extraordinary growth opportunities for vaccine conjugate providers during the forthcoming years. Medical institutes in Asia Pacific are primarily focusing on the use of vaccine conjugates and numerous research and development activities over for the same.
The report by MRFR on global vaccine conjugates market has mentioned many prominent players in the market including GlaxoSmithKline plc (U.K.), Pfizer, Inc. (U.S.), Merck & Co., Inc. (U.S.), Sanofi Pasteur SA (France), CSL Limited (Australia), Emergent BioSolutions, Inc. (U.S.), Johnson & Johnson (U.S.), Medimmune, LLC (U.S.), Astellas Pharma Inc. (Japan), Serum Institute of India (India), Bavarian Nordic (Denmark), Mitsubishi Tanabe Pharma Corporation (Japan), Daiichi Sankyo Company, Limited (Japan), Fablife. (India), SutroVax Inc. (U.S), and Sinovac Biotech Ltd. (China).
June 2019: Novavax has entered into a strategic partnership with Catalent Biologics to expand their gene therapy footprint. Novavax is a biotechnology company that develops next-generation vaccines for serious infectious diseases. Catalent Biologics develops and manufactures gene therapies as well as antibody-drug conjugates.
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