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In a recent published report, Therapeutic Vaccines Marketreport for till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Marketing Automation Software Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

The market was valued at USD 11 billion in 2017 and is projected to reach USD 51 billion by 2022, at a CAGR of 29% during the forecast period. The increasing prevalence of chronic diseases such as cancer and HIV/AIDS are the major reasons driving the market growth. These medicines helps to strengthen the immune response of the body against specific diseases. However every medicine need to be approved by FDA. Increasing cases of chronic diseases and need for effective treatment is acting as key driver for this market. Various pharmaceutical companies are working to develop novel vaccines for diseases such as lung cancer, breast cancer, Alzheimer, etc. However, these vaccine developments are in pipeline and yet to be commercialized.

Market Dynamics
Some of the factors that are propelling the growth of the market arethe favorable funding for R&D, increasing investments by companies, and rise in the prevalence of chronic diseases are. However, high costs of the vaccines and stringent regulatory guidelines are turning out to be hurdles for this market. Provenge and Oncophage are the two approved cancer therapeutic vaccines on the market. A large number of therapeutic vaccines are under clinical development and are expected to be approved for use during the forecast period.

Market Segmentation
The market can be segmented by type and geography.
Segmentation by Type –
Auto Immune Diseases Vaccines
Neurological Disease Vaccines
Cancer Vaccines
Infectious Diseases Vaccines
The cancer vaccines sub-segment contributes the highest share in the market.
Segmentation by Geography –
North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa
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North America has the largest market size, followed by Europe.Rising population and large investments in the field of research and development are few of the reasons for the advancement of the market in Asia-Pacific.

Segmentation by technologies:
Autologous vaccines
Allogeneic vaccines

Key Players
The Key players in the therapeutic vaccines market are:
Bavarian Nordic, Dendreon Corp, GlaxoSmithKline, Pfizer,Cytos Biotechnology, Merck Serono, Novartis, Celtic Pharmaand Transgene
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