Global Therapeutic Vaccines Market By Product (Autoimmune Disease Vaccines, Neurological Disease Vaccines, Cancer Vaccines, Infectious Disease Vaccines, Others) , By Technology (Allogeneic Vaccine, Autologous Vaccine) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Therapeutic Vaccines Market Expected to Garner $135.7 Billion by 2033, Growing at a CAGR of 19.1%
The global therapeutic vaccines market is expected to grow primarily due to the growing prevalence of chronic diseases & infectious ailments and technological advancements in vaccine development. The Asia-Pacific region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global therapeutic vaccines market was valued at $26.7 billion in 2023 and is expected to register a revenue of $135.7 billion by 2033 at a CAGR of 19.1% during the forecast period 2024-2033.
Dynamics of the MarketThe increasing incidence of diseases such as cancer, HIV, and neurological and autoimmune diseases, and the growing demand for personalized medicine & targeted therapies are expected to make the therapeutic vaccines market a highly profitable one in the forecast period. Besides, the increased funding and initiatives from governments & NGOs and the expanding applications of therapeutic vaccines beyond infectious diseases are other factors predicted to boost the market growth.
However, according to market analysts, high production costs, complex manufacturing processes, and stringent approval requirements might restrain the growth of the market.
Technological advancements, integration of machine learning & artificial intelligence in vaccine design & development, and growing investments in R&D are predicted to offer numerous growth opportunities for the therapeutics vaccines market in the forecast period. Moreover, continued investments by major market players accelerate vaccine development and availability.
Key Players of the MarketThe major players of the therapeutic vaccines market include Agenus Inc., Celldex Therapeutic Inc., Argos Therapeutic Inc., Dendreon Pharmaceuticals LLC, Merck & Co. Inc., GSK plc, Novartis AG, Phio Pharmaceuticals Corp., Pfizer, Inc., AstraZeneca, INOVIO Pharmaceuticals, and BioNTech SE.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy ProductAutoimmune Disease Vaccines
Neurological Disease Vaccines
Cancer Vaccines
Infectious Disease Vaccines
Others
By TechnologyAllogeneic Vaccine
Autologous Vaccine
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersAgenus Inc.
Argos Therapeutics, Inc.
Celldex Therapeutics Inc.
Dendreon Pharmaceuticals LLC
GSK plc.
Merck & Co. Inc.
Novartis AG
Pfizer, Inc.
AstraZeneca
BioNTech SE