Market Outlook
After an in-depth research conducted by the author, the finding shows that the North America DNA vaccines market will grow progressively at a CAGR of 42.49% in terms of revenue for the forecast period of 2019-2027. The countries of Canada and the US form the market for DNA vaccines in the North American region. The United States DNA vaccines market is mainly driven by the enhancement in the prevalence rate of chronic and infectious diseases, such as ZICA, HIV, HPV and cardiovascular diseases; and the investments made by private foundations such as the Bill and Melinda Gates Foundation. The mortality rate due to chronic and infectious diseases has increased in the country and reached about 360,000 per year.
Furthermore, the focus and interest of government agencies like the National Institute of Health, the National Institute of Allergy and Infectious Diseases, and others, that are engaged in the development of DNA-based vaccines have also helped to promote the market growth in the United States. The United States National Institute of Health is being paid substantial funds for DNA vaccine research & development activities. The institute has also established a new vaccine research center in the country. The Bill and Melinda Gates Foundation has made an investment of about $100 million in Moderna Therapeutics for developing DNA vaccines, which will enhance the growth and advancement for the adoption of DNA vaccines for human as well as animal diseases.
Competitive Outlook
Few of the prime players in this market are GlaxoSmithKline, Inc., Inovio Pharmaceuticals, Inc., Madison Vaccines, Incorporated (MVI), Merck & Co., Merial Limited (acquired by Boehringer Ingelheim), Novartis AG and Sanofi.
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Companies Mentioned
A selection of companies mentioned in this report includes:
- Astellas Pharma, Inc.
- Dendreon Corporation (Acquired By Sanpower Group)
- Eli Lilly And Company
- Eurogentec S.A.
- Glaxosmithkline, Inc.
- Inovio Pharmaceuticals, Inc.
- Madison Vaccines, Incorporated (Mvi)
- Merck & Co.
- Merial Limited (Acquired By Boehringer Ingelheim)
- Novartis AG
- Sanofi
- Vgxi
- Vical, Incorporated
- Xenetic Biosciences, Inc.
- Zoetis, Inc.
Methodology
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