The global DNA Vaccine market is anticipated to rise at a staggering CAGR during the forecast period. Due to increasing urbanization, the population is much vulnerable to autoimmune and infectious diseases. Rise in cost of antibiotics and microbial resistance for conventional therapies is majorly contributing to the mortality rate. The future prospects for DNA vaccine is on a much brighter side since it induces potent cellular immune against infectious and non-infectious disease.
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The drivers for DNA vaccine market includes rise in demand for novel vaccines in cases of infection and the need for effective treatment. Subsequently, R&D for DNA synthesis, molecular biology and immunology leads to a significant market growth. Rise in mortality cases and unavailability of treatment for infectious disease is likely to propel the market demand during the forecast period. However, significant cost and less availability of storage facilities might restrict the vertical expansion of market growth.
By type, the market segmentation includes animal DNA vaccine and human DNA vaccine. Human DNA vaccine accounts for a higher share in the global market due to increase in R&D and funding. By application, the DNA vaccine market segmentation includes veterinary disease and human disease. Technological segment for DNA vaccine market includes plasmid DNA vaccines and plasmid DNA delivery.
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Geographical segmentation for DNA vaccine market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global market scenario owing to rise in patient population, growing investments and increasing number of geriatric patients suffering from chronic illness. Apart, the U.S. market is large in terms of revenue share.
Asia-Pacific regions are likely to develop at a significant rate due to rise in anti-microbial drug treatments and favorable reimbursement. Rise in number of travellers in the APAC regions need to adhere to vaccination standards, which in turn propels the demand for DNA vaccine market. Middle East and African countries are likely to grow during the forecast period owing to increase in awareness and active participation of NGOs with the local communities. The key players in the DNA vaccine market include Sanofi, Vical, Astellas Pharma, Tekmira Pharmaceuticals, Dendreon Corporation, Invio Biomedicals, Merck & Co and Novartis Animal Health.
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