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Therapeutic Vaccines Market Segmentation by Type of Vaccines {Addiction, Infectious Disease, Autoimmune Disease, and Neurological Disease Vaccines); and by Technology (Autologous, and Allogeneic Vaccines) – Global Demand Analysis & Opportunity Outlook 2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Global Therapeutic Vaccines Market Highlights 2020-2029

The global therapeutic vaccines market is anticipated to witness a moderate CAGR during the forecast period, i.e., 2021-2029. Factors such as the growing prevalence of chronic and infectious diseases globally, such as rabies, hepatitis, allergies, breast, and lung cancers among others, coupled with the increasing funding and favorable regulatory policies from the government of nations for promoting research and advancements in the development of therapeutic vaccines, and the growing number of vaccine manufacturers who are working on the development of advanced vaccines are anticipated to drive the market growth in the coming years. According to the statistics by the World Health Organization (WHO), around 17.9 million people died from cardiovascular diseases (CVDs) in the year 2016. On the other hand, there was an increase in premature mortality from diabetes by 5% between 2000 and 2016. Additionally, increasing need for the development of therapeutic vaccines for the ongoing COVID-19 pandemic is also anticipated to contribute to the market growth. 

The market is segmented by type of vaccines into addiction, infectious disease, autoimmune disease, and neurological disease vaccines. Among these segments, the autoimmune disease segment is projected to hold the largest market share by the end of 2021. The growth of the segment can be attributed to the growing awareness about autoimmune diseases amongst individuals, especially the elderly population, who possesses a high risk to the disease, coupled with the high prevalence of the autoimmune diseases amongst individuals, and the increasing research and development for the development of autoimmune disease drugs.

Therapeutic Vaccines Market Share Segmentation by Type of Vaccines

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Global Therapeutic Vaccines Market Regional Synopsis

Regionally, the global therapeutic vaccines market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Among these regions, the market in North America is projected to hold the largest market share by the end of 2029. The growth of the market in the region can be attributed to the presence of a strong healthcare network in the region, along with the increasing expenditure of the government for the advancements in medical and healthcare technologies.

Therapeutic Vaccines Market Share Segmentation by Region

The global therapeutic vaccines market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global therapeutic vaccines market includes the following segments:

By Type of Vaccines

  • Addiction Vaccines
    • Cocaine
    • Nicotine
    • Others
  • Infectious Disease Vaccines
    • HIV/AIDS
    • Hepatitis C
    • Others
  • Autoimmune Disease Vaccines
    • Cancer Vaccines
      • Cancer Vaccines Approved for Use
      • Cancer Vaccines in Development
    • Diabetes (Type 1)
      • TNFaKinoid
      • Tovaxin
      • Diamyd (RHGAD65)
      • BHT-3021
    • Others
  • Neurological Disease Vaccines
    • Parkinson’s Disease
    • Others

By Technology

  • Autologous Vaccines
  • Allogeneic Vaccines

Growth Drivers

  • Increasing Funding of the Government for the Development of Novel Vaccines
  • Increasing Prevalence of Diseases

Challenges

  • Stringent Regulatory Framework of the Government

Key Players Dominating the Market

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