The report "Vaccine Adjuvants Market by Product (Particulate, Emulsions, Pathogen, Saponin), Route of Administration (Subcutaneous, Intramuscular), Disease Type (Infectious, Cancer), Application (Research, Commercial) & Application Category - Global Forecast to 2027", is projected to reach USD 1.6 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 1.7% during the forecast period of 2022 to 2027.
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Vaccine adjuvants are substances that are added to a vaccine in order to boost its effectiveness. Vaccine adjuvants have the ability to modulate the immune response to the vaccine, and they are used in many vaccines to increase the body’s immune response to the antigen. The global vaccine adjuvants market is expected to grow significantly in the near future due to its increasing use in vaccines, rising demand for effective vaccines, increasing prevalence of infectious diseases, and increasing funding for vaccine research and development.
The increasing prevalence of infectious diseases is a major factor driving the growth of the vaccine adjuvants market. Vaccines are used to prevent the spread of infectious diseases, and adjuvants are used to boost the effectiveness of vaccines. As the prevalence of infectious diseases increases, the demand for effective vaccines also increases, resulting in an increased demand for vaccine adjuvants.
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Key Market Players
The global vaccine adjuvants market is highly competitive. The prominent players operating in this market include GSK plc (UK), Dynavax Technologies (US), Novavax (US), Agenus Inc. (US), Croda International plc (UK), Seppic (France), OZ Biosciences (US), Phibro Animal Health Corporation (US), Associated British Foods plc (UK), InvivoGen (US), Merck KGaA (Germany), CSL Limited (Australia), Vertellus (US), Allergy Therapeutics (UK), Riboxx GmbH (Germany), CaPtivatϵ Pharmaceuticals LLC (US), EuBiologics Co., Ltd. (South Korea), Pacific GeneTech Limited (US), Hawaii Biotech Inc. (US), Vaxine Pty Ltd. (Australia), Creative Diagnostics (US), LiteVax BV (Netherlands), Mukta Industries (India), Oncovir, Inc. (US), and TiterMax USA, Inc. (US).
The Asia Pacific region is the fastest-growing region of the vaccine adjuvants market.
The Asia Pacific is estimated to be the fastest-growing segment of the market. The growth of the vaccine adjuvants markets of the region is drive by increasing investments in the life sciences sector and rising awareness through conferences & symposiums, and growing emphasis on strategic initiatives such as partnerships, and collaborations by biopharma and biotech companies.
· Dynavax Technologies (US) entered into a fully funded collaboration with the US Department of Defense to conduct a Phase 2 clinical trial for a plague vaccine adjuvanted with CpG 1018.
· SK Bioscience (South Korea)and GSK plc (UK)entered into a collaboration for COVID-19 vaccine development.
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