Therapeutic Vaccines Market Projected To Grow With Significant CAGR Over The Forecast Period

Global Therapeutic Vaccines Market: Vaccines are administered to develop immunity against a diseased tissue or cell. They are a biological combination which is administered to the patient in order to activate defense mechanism against a particular disease. They are created to treat diseases such as HIV, cancer, Alzheimer’s disease, etc. vaccines are also used in preventative measures in diseases such as Human Papillomavirus (HPV), Herpes Simplex virus (HSV), Hepatitis B virus, Hepatitis C virus, etc. therapeutic vaccines are used for positive HIV patients with healthy immune system to increase the ability to fight against the disease.

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Due to increasing number of cases of chronic diseases such as cancer, HIV, etc. the global therapeutic vaccines market is expected to grow. According to World Health Organization, there is an amplified increase in the diseases such as cancer and HIV which are expected a rise in the future and expected to drive the growth of global therapeutic vaccines market. Various R & D activities by pharmaceutical companies for various types of cancers are expected to fuel the market growth globally for therapeutic vaccines. Factors such as government funding, rising numbers of mergers and collaborations are expected to rise the growth of the therapeutic vaccines market. On the other hand, factors such as higher cost of vaccines, lesser accessibility and alternative treatment availability, inefficient research, and lack of reimbursement policies will hamper the market share of therapeutic vaccines market.

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Global therapeutic vaccines market has been segmented on the basis of product type, application, technologies, market type, and end user

1. Product type

• Conjugate Vaccines
• Live Attenuated Vaccines
• Inactivated and Subunit Vaccines
• Toxoid Vaccines
• Recombinant Vaccines

2. Application

• Infectious Diseases
• Oncology
• Addiction
• Autoimmune Diseases
• Neurological Diseases
• Others

3. Technology

• Autologous Vaccines
• Allogeneic Vaccines

4. Valences

• Monovalent vaccines
• Multivalent vaccines

5. End-users

Hospitals, clinics and others.

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On the basis of geographical regions- it is divided into 5 regions- North America, Europe, the Middle East & Africa, Asia-Pacific and Latin America. North America leads the global market for therapeutic vaccines followed by Europe and Asia-Pacific. In North America, the U.S. holds the largest share in the global therapeutic vaccines market. According to the US. Centers for Disease Control and Prevention (CDC), therapeutic vaccines can suppress up to 10 infectious diseases by 90%. Factors such as rising technology to support the development of vaccines, advanced healthcare infrastructure are expected to grow the North American market. While in Europe, factors such as an increase in the number of chronic diseases show a significant increase in the therapeutics vaccines market. Asia-Pacific has expected a market growth in aging population and increasing infectious and chronic diseases. Some of the key players in the global therapeutic vaccines market are Novartis AG (Switzerland), Valeant (Canada), Merck & Co. Inc. (U.S.), Inovio Pharmaceuticals, Inc. (U.S.), are some names. In 2017, Pfizer started Phase 1 clinical trials on PF-06753512, a therapeutic vaccine for the treatment of prostate cancer.

The global therapeutic vaccines market is still in the budding stage where many companies are playing an active role in the development of a new vaccine with key business strategies such as new research, product innovation, etc. will dominate the global therapeutics vaccines market. For e.g. Dendreon Corporation launched drug name Provenge which is FDA approved for the treatment of prostate cancer. According to U.S. Department of Health and Human Services, there are some vaccines which are in the clinical trials such as Lucanix (Belagenpunatucel-L), gp100 melanoma vaccine, for non-small cell lung cancer.

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