+1-888-308-5802     
News Contact Us

Biodefense Market outlook with industry review and forecasts

Author : Rahul Sankrityayan | Published Date : 2019-06-03 

Biodefense Market size is set to exceed USD 19 billion by 2024; according to a new research report by Global Market Insights. Technological advancements in biotechnology sector will positively influence the biodefense market growth. Advancements in biotechnology includes developments in detectors that are utilized in assessing the threat against deliberate release of viruses and microbes. This scenario proves beneficial for the biodefense market growth as it surges the demand for vaccines and biothreat identifying agents such as assays as well as reagents in case of any bioterrorism attack.

Government in developed countries is highly aware regarding the impact of bioterrorism attacks on economy that should positively impacts biodefense market growth. Several strategies are implemented including stocking the vaccines and production of bio-threat detection devices to secure the population against bioterrorism attacks. Currently, government in developing countries is also indulging in activities that assure safety against any intentional virus attack. For instance, economies such as India are more susceptible to agricultural bioterrorism and hence, government is undertaking several initiatives to protect the nation as majority of the population relies on agriculture as it is their main occupation. However, low R&D funding by government in developing and underdeveloped economies will hamper the industry growth in forthcoming years.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/714

Vaccines segment was valued at USD 7.8 billion in 2017. Rising government initiatives will elevate the demand for superior quality vaccines that are stocked to fight infections caused due to sudden attack of viruses. Recently developed vaccines are highly efficient and create strong immunological response that helps in combating infection creating immunogenic memory. Growing preference for broad spectrum vaccines capable of inducing strong immunogenic response against microbial and viral infections will propel the segmental growth during the forecast period.

UK biodefense market will witness 6.3% CAGR over the forecast timeframe. Increasing technological advancements in biotechnology sector will boost the production of vaccines surging the segmental growth in upcoming years. Extensive research and development activities have brought innovations in the bio-threat detection devices that will augment UK biodefense market in near future.

Canada biodefense market was valued at USD 349.3 million in 2017 and is expected to have considerable revenue size during the forecast period. Rising government initiatives and funds for taking preventive measures against the bioterrorism attacks will drive the industry growth. Moreover, growing availability of superior quality vaccines and technologically advanced bio-defense devices will trigger the industry growth.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/714

Key industry players in biodefense market includes Altimmune, AISense, Emergent BioSolutions, Dynavax Technologies, SIGA Technologies, Elusys Therapeutics, Ichor Medical Systems, DynPort Vaccine Company, Cleveland BioLabs, Bavarian Nordic, Achaogen, Nanotherapeutics, Alnylam Pharmaceuticals, PathSensors and BBI Detection. These prominent players implement several strategic initiatives such as mergers and acquisitions to sustain the industry competition. Receiving FDA approvals for new products also enhances the revenue growth of the companies. For instance, in July 2018, SIGA Technologies received FDA approval for TPOXX that is utilized in the treatment of small pox. This will help the company to achieve sustainable profits as the product is approved and will be marketed to customers.

Biodefense market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Biodefense Market, By Product (USD Million)

  • Vaccines
    • Anthrax
    • Smallpox
    • Botulism
    • Others
  • Biothreat detection devices
    • Samplers
    • Detectors/triggering devices
    • Identifiers
    • Assays and reagents

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East Asia & Africa
    • South Africa
    • Saudi Arabia
    • UAE

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Lecithin Market share is projected to hit USD 2400 million by 2024

Published Date: 2019-06-24         Author: Rahul Sankrityayan

Global Market Insights, Inc. has announced the launch of Lecithin Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to t... Read More

Gluten Free Food Market value is anticipated to exceed USD 12 billion by 2024

Published Date: 2019-06-24         Author: Rahul Sankrityayan

Global Market Insights, Inc. has added a new report on Gluten Free Food Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report a... Read More

Baobab Ingredient Market to witness immense growth from nutraceutical application by 2024

Published Date: 2019-06-24         Author: Rahul Sankrityayan

Global Market Insights, Inc. has launched a report on Baobab Ingredient Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outl... Read More

© 2019 Fractovia. All Rights Reserved