The global vaccine adjuvants market is expected to reach USD 769.8 Million by 2024 from USD 467.4 Million in 2018 at a CAGR of 10.8% from 2018 to 2024.An adjuvant is a substance that is formulated as part of a vaccine to enhance its ability to induce protection against infection. Adjuvants are substances added to vaccines to enhance the immunogenicity of highly purified antigens that have insufficient immunostimulatory capabilities.
Vaccine Adjuvants Market Share:
Based on the route of administration, the Intramuscular segment is expected to hold for the most significant share of the global vaccine adjuvants market in 2018. By type, Adjuvant Emulsions segment is scheduled to hold the most significant percentage of the worldwide vaccine adjuvants market in 2018.
Vaccine Adjuvants Market Size:
Geographically, North America holds the most significant market share due to increase in favourable government initiatives and presence of well-established healthcare services. The Asia Pacific is estimated to be the fastest growing region over the forecast period due to the presence of enormous target population and rise in disposable income.
Vaccine Adjuvants Market Growth:
High prevalence of infectious and zoonotic diseases, increasing focus on immunisation programs by various government bodies, and growing focus on improved and long-lasting immunisation against existing and emerging conditions are the primary factors driving the growth of Vaccine Adjuvants Market.
Vaccine Adjuvants Market Industry Analysis:
Type can segment the Vaccine Adjuvants market into Aluminium Salts, Tensoactive Adjuvants, Adjuvant Emulsions, Bacteria derived Adjuvants, Liposome Adjuvants, Carbohydrate Adjuvants, others, By route of administration into oral, intradermal, intranasal, By the mechanism of action into active immunostimulants, carriers, vehicle adjuvants.
Vaccine Adjuvants Market Outlook:
In recent years their role has expanded as our understanding of the immunology of vaccination has grown. Side effects of adjuvants, high toxicity adjuvants, strict regulatory factors, Funding/cost of developing a new adjuvant, lack of scientific awareness of adjuvants are the factors curbing the growth vaccine adjuvants market.
Vaccine Adjuvants Market Trends:
Invivogen Company launched a new product named Adju-Phos adjuvant. It is an aluminium phosphate wet gel suspension. It induces a Th2 response by improving the attraction and uptake of antigen by antigen-presenting cells (APCs). It can also activate innate immunity pathways triggered by pattern recognition receptors (PRRs). CSL Limited and Vitaeris Inc. (Vitaeris) announced that they have entered into a strategic collaboration and purchase option agreement to expedite the development of clazakizumab as a therapeutic option for solid organ transplant rejection.
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