As per this study the Global Recombinant Vaccine Market was valued USD 52.46 BN (by revenue) in 2022 and is anticipated to reach USD 99.28 BN by 2030 with a CAGR of 8.3%.
Recombinant vaccine refers to the biological suspension developed using recombinant DNA technology. The recombinant vaccine is produced by introducing genetic material of dead or attenuated antigen into the host body through a vector that results in stimulation of immune response. It is useful to offer resistance to malaria, typhoid, allergies, cancer, and various infectious diseases such as Ebola, Flu, HPV, measles, smallpox, etc.
Market Dynamics
Growing health threat on account of widespread of infectious diseases and increasing prevalence of cancer is driving the market growth. Rise in immunization programs by the government to promote resistant to diseases is further fueling the market demand. Ongoing advancement in the field of immunology, molecular biology, biochemistry, genomics, and proteomics is again boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of recombinant vaccine.
Market Segmentation
The broad recombinant vaccine market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Subunit Recombinant Vaccines
- Attenuated Recombinant Vaccines
- Vector Recombinant Vaccines
By Disease
- Hepatitis B
- Sexually Transmitted Diseases
- Cancer
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for recombinant vaccine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Recombinant Vaccine Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Recombinant Vaccine market include GlaxoSmithKline, Sanofi, Novartis AG, Merck & Co. Inc, Pfizer Inc., Bharat Biotech, Bayer AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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