Therapeutic Vaccines Market to Witness High Growth Owing to Rising Prevalence of Chronic Diseases
Therapeutic vaccines are biological therapeutics that prevent or treat disease by stimulating an immune system response against a particular disease-causing organism. Therapeutic vaccines are administered to people who already have a disease or condition to boost the body’s natural defenses against the disease. They differ from preventive vaccines which are taken by healthy individuals to prevent future illness. The major driver for therapeutic vaccines is the growing prevalence of chronic diseases such as cancer, autoimmune disorders, infectious diseases etc. around the world.
The Global Therapeutic Vaccines Market is estimated to be valued at US$ 3.09 Bn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players: Key players operating in the Therapeutic Vaccines market are AMR India Limited, Carmeuse, GLC Minerals LLC, Graymont Limited, Gujarat Mineral Development Corporation Ltd, Imerys, Kerford Limestone, LafargeHolcim, Lhoist Group, Minerals Technologies Inc., Okutama Kogyo Co. Ltd, Omya AG, RSMM Limited, Ryokolime Industry Co. Ltd (Mitsubishi Materials Corporation), SCHAEFER KALK GmbH & Co. KG, The National Lime & Stone Company, and United States Lime & Minerals Inc.
Key opportunities: The rising prevalence of cancer and infectious diseases is creating significant opportunities for players in the Therapeutic Vaccines Market Demand In addition, growing R&D investments from both private and public sectors is also fueling market growth.
Global expansion: Major players in the therapeutic vaccines market are focused on expanding their geographic footprints in high growth emerging markets of Asia Pacific, Latin America, and Middle East & Africa. These regions are expected to exhibit faster growth owing to increasing healthcare expenditures and demand for advanced treatment options.
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