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Therapeutic Vaccines Market With Major Key Players | Market Data Forecast 2023
Therapeutic Vaccines Market
A vaccine is a biological medical product designed to stimulate antibodies inside human body. Vaccine helps in providing immunity against various infectious diseases. Some of the common types of vaccine include inactivated vaccines, subunit vaccines, DNA vaccines and recombinant vector vaccines. Vaccines may be prophylactic and therapeutic. Therapeutic vaccine is a biological combination designed to develop immunity against a diseased cell or tissues.
Therapeutic vaccines are developed to treat ailments from various cancers, HIV and Alzheimer’s disease. Therapeutic vaccine is used for cure and prevention of cancer whereas prophylactic vaccines are only used for prevention of cancer. Therapeutic vaccines are specially designed for HIV positive people who have healthy immune system. HIV virus damages human immune system, which results into weaker immune system and thus leading to less ability to fight with microorganisms. Therapeutic vaccines spur the immune system to attack targeted tissue. A therapeutic HIV vaccine is also known as treatment vaccines.
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Increase in funding’s from government for vaccine development, rise in investments by the major market players, rising prevalence of disease, technological advancements, initiatives by NGO’s are some of the factors that are propelling the therapeutic vaccine market growth. However, massive capital expenditures and stringent regulatory policies, high cost associated with treatment are few factors inhibiting the growth of the market.
Therapeutic Vaccines Market Forecast Report (2018-2023)
Global Therapeutic Vaccines Market is estimated at $2700.58 Million in 2018, and is poised to reach $11494.48 Million by 2023 with a CAGR of 33.6%.
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Therapeutic Vaccines Market Segmentation
Global Therapeutic Vaccines Market is segmented by the type of disease into Autoimmune Disease Vaccines (Type I Diabetes), Cancer Vaccines (Multikine, PR1 Peptide Vaccine, TroVax, CYT004-MelQbG10 etc.), Neurological Disease Vaccines (ACC-001, CAD106, Parkinson’s Disease Vaccine, Alzheimer's Disease and Other Disease Vaccines), and Infectious Disease Vaccines (Hepatitis C, HIV/AIDS and Other Infectious Disease Vaccines).
Furthermore, based on geography the global market is analyzed under various regions namely, North America, Europe, Asia Pacific, Latin America and Middle-East & Africa. North America accounts for the large portion of revenue in the therapeutic vaccine market. The growth of this market will be boosted owing to the presence of advanced and active R&D establishments in the region.
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Major Players:
The major companies dominating this market for its products and services are
GlaxoSmithKline, plc.,
Merck and Company,
Bavarian Nordic,
CSL Limited,
Emergent BioSolutions Inc.,
Novartis AG,
Johnson and Johnson,
MedImmune, LLC,
Pfizer, Inc.,
Sanofi Pasteur.
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