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(Medical-NewsWire.com, January 17, 2018 ) The North America Vaccine Adjuvant Market was worth $160.48 million in 2016 and estimated to be growing at a CAGR of 10.3%, to reach $262 million by 2021.
North America is dominating vaccine adjuvant market globally. Growth in the North American segment is mainly driven by the fast increasing elderly population and rising government funding in the North American countries.
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Vaccine adjuvants benefit in the improvement of novel and advanced vaccine, which was not probable earlier due to less effectiveness of vaccine using only antigen. Adjuvants are progressively used in the advancement of harmless and effective vaccine as they create strong, long-lasting defensive immune response with a high edge of safety against infections.
This market is largely driven by aspects such as increasing prevalence of diseases such as allergy, cancer, and HIV/AIDS; rising demand for innovative treatment options, and improvement of enhanced vaccine immunization. Upsurge in alliances and acquisitions by private organizations and augmented funding by government bodies for research and development are also expected to drive market growth. Major factor hindering the growth of the vaccine adjuvant market is stringent regulation for development of new vaccines.
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The North America vaccine adjuvants market is segmented on the basis of type into Aluminium Salts, Tensoactive Adjuvants, Adjuvant emulsions, Bacteria derived Adjuvants, Liposome Adjuvants and Carbohydrate Adjuvants. Based on route of administration, the market is divided into oral, intradermal, subcutaneous, intranasal and intramuscular. The market is bifurcated on the basis of mechanism of action into active immuno stimulants, carriers and vehicle adjuvants. The intramuscular segment is expected to account for the largest share of the global vaccine adjuvants market in 2016. Based on geography the market is analysed under various regions namely, USA and Canada. North America region is led by USA due to increasing awareness regarding vaccines, followed by Canada.
The key players in the vaccine adjuvants market include MPV Technologies (U.S.), Avanti Polar Lipids, Novavax Inc. (U.S.), Inc. (U.S.), Brenntag Biosector (Denmark), SEPPIC (France), Agenus, Inc. (U.S.), Invivogen (U.S.), SPI Pharma, Inc. (U.S.), CSL Limited (Australia), and OZ Biosciences (France).
Scope of the Report
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
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• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
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• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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