NEW YORK, Sept. 24, 2024
NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The Global Vaccine Research Market size is estimated to grow by USD 21.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.84% during the forecast period. High prevalence of infectious diseases is driving market growth, with a trend towards adoption of AI to speed up R and D of vaccines, However, high cost of vaccine research, development, and manufacturing poses a challenge - Key market players include Abbott Laboratories, Astellas Pharma Inc., AstraZeneca Plc, Bavarian Nordic AS, Bharat Biotech Ltd., CanSino Biologics Inc., Creative Biogene, CSL Ltd., Daiichi Sankyo Co. Ltd., Emergent BioSolutions Inc., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., Merck and Co. Inc., Moderna Inc., Novavax Inc., Panacea Biotec Ltd., Pfizer Inc., Sanofi SA, Serum Institute of India Pvt. Ltd., and Takeda Pharmaceutical Co. Ltd..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 - 2022
Segment Covered
End-user (Public and Private), Age Group (Pediatric and Adult), and Geography (North America, Europe, Asia, and Rest of World (ROW))
Region Covered
North America, Europe, Asia, and Rest of World (ROW)
Key companies profiled
Abbott Laboratories, Astellas Pharma Inc., AstraZeneca Plc, Bavarian Nordic AS, Bharat Biotech Ltd., CanSino Biologics Inc., Creative Biogene, CSL Ltd., Daiichi Sankyo Co. Ltd., Emergent BioSolutions Inc., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., Merck and Co. Inc., Moderna Inc., Novavax Inc., Panacea Biotec Ltd., Pfizer Inc., Sanofi SA, Serum Institute of India Pvt. Ltd., and Takeda Pharmaceutical Co. Ltd.
Key Market Trends Fueling Growth
Artificial Intelligence (AI) is revolutionizing the vaccine research market by transforming the way new vaccines are discovered and developed. AI technologies help convert vast amounts of data into valuable insights, enabling a deeper understanding of the diseases to be treated. This knowledge aids in designing more effective clinical trials and accelerating the vaccine development process. For instance, AstraZeneca Plc utilizes AI across its Research and Development (R&D) activities to analyze diverse data and information, enhancing disease understanding and identifying promising drug targets. Additionally, AI tools are employed for real-time image analysis, assisting researchers in discovering new genetic mutations and variations in viruses. This aids in identifying new virus strains, thereby driving the growth of the vaccine research market. AI's potential to increase R&D productivity and efficiency makes it a significant trend in the vaccine research industry.
The vaccine research market is experiencing significant growth due to the increasing demand for immunization programs against various diseases. Clinical trials are ongoing for therapeutic vaccines to combat conditions like cancer, allergies, and physiological disorders. Pregnant individuals are a focus area, with research in gestational age vaccines. Vaccines are being developed for infectious diseases such as meningitis and pneumonia, as well as chronic conditions like hypertension and dyslipidemia. Self-antigens and adjuvants are key components in vaccine development. Animal studies and collaborations between vaccine manufacturers, genomic research centers, academic institutions, private laboratories, diagnostic companies, and hospital settings are driving innovation. Vaccines for diseases like diphtheria, tetanus, HPV, MMR, rotavirus, influenza, hepatitis B, chickenpox, polio, BCG, yellow fever, and more are in production. Government immunization programs and preventive healthcare initiatives are also boosting the market.
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Market Challenges
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This vaccine research market report extensively covers market segmentation by
1.1 Public- The global vaccine research market's public segment is experiencing significant growth due to substantial investments by government organizations in the research and development (R&D) of vaccines. Notable examples include the US National Institute of Allergy and Infectious Diseases (NIAID) and the National Institutes of Health (NIH). In response to the COVID-19 pandemic, governments worldwide have made substantial investments, with the US alone spending approximately USD31.2 billion in 2020 and an additional USD31.9 billion in 2023 on COVID-19 vaccine development. India's Department of Biotechnology (DBT) also plays a crucial role, with initiatives like the Indo-US Vaccine Action Program (VAP), Mission COVID Suraksha, Ind-CEPI Mission, and the National Biopharma Mission (NBM) aimed at strengthening vaccine R&D. These programs have led to significant achievements, such as the low-cost Rotavirus vaccine and progress towards vaccines for diseases like dengue, malaria, COVID-19, and tuberculosis. The public segment's growth is expected to continue throughout the forecast period.
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Research Analysis
The vaccine research market encompasses the development, testing, and production of various types of vaccines to prevent or treat a range of diseases. Immunization programs around the world rely on ongoing research to create new vaccines and improve existing ones. Clinical trials play a crucial role in vaccine development, ensuring safety and efficacy before they are brought to market. Vaccines are being researched for various conditions, including cancer, allergies, and physiological disorders. Pregnant individuals and their developing fetuses are also a focus, with vaccines in development for gestational age and therapeutic purposes. Several types of vaccines are under investigation, including subunit, recombinant, polysaccharide, conjugate, live-attenuated, inactivated, and toxoid vaccines. Some examples of vaccines in development include pneumococcal vaccines, diphtheria, tetanus, HPV, MMR, rotavirus, influenza, hepatitis B, chickenpox, polio, and combination vaccines. These vaccines employ different technologies and target various diseases, expanding the scope of preventative healthcare.
The vaccine research market encompasses the development, testing, and production of vaccines for various health conditions. Immunization programs worldwide utilize clinical trials to evaluate the safety and efficacy of new vaccines. Vaccine development targets infectious diseases such as meningitis, pneumonia, and polio, as well as physiological disorders like hypertension, dyslipidemia, Alzheimer's, and inflammatory diseases. Therapeutic vaccines are under investigation for cancer and allergies. Vaccines are produced using antigens, adjuvants, self-antigens, and various technologies like conjugate, recombinant, toxoid, and live-attenuated vaccines. Animal studies are crucial in vaccine research. Vaccines are administered through injectable, oral, and nasal methods in community hospitals, hospitals, specialty centers, clinics, hospital pharmacies, retail pharmacies, and online pharmacies. Vaccines are available as combination vaccines, monovaccines, subunit, recombinant, polysaccharide, live-attenuated vaccines, inactivated vaccines, and DNA vaccines. Routine, recommended, required, pediatric, and adult vaccines are essential for preventive healthcare against diseases like measles, mumps, varicella, diphtheria, tetanus, hepatitis, influenza, typhoid, meningococcal, rabies, Japanese encephalitis, and yellow fever.
Table of Contents:
1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation
7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/
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SOURCE Technavio
