, April 05, 2018 ) The North America Vaccine Adjuvant Market was worth $160.48 million in 2016 and estimated to be growing at a CAGR of 10.3%, to reach $262 million by 2021. North America is dominating vaccine adjuvant market globally. Growth in the North American segment is mainly driven by the fast increasing elderly population and rising government funding in the North American countries.
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Vaccine adjuvants benefit in the improvement of novel and advanced vaccine, which was not probable earlier due to less effectiveness of vaccine using only antigen. Adjuvants are progressively used in the advancement of harmless and effective vaccine as they create strong, long-lasting defensive immune response with a high edge of safety against infections.
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This market is largely driven by aspects such as increasing prevalence of diseases such as allergy, cancer, and HIV/AIDS; rising demand for innovative treatment options, and improvement of enhanced vaccine immunization. Upsurge in alliances and acquisitions by private organizations and augmented funding by government bodies for research and development are also expected to drive market growth. Major factor hindering the growth of the vaccine adjuvant market is stringent regulation for development of new vaccines.
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The North America vaccine adjuvants market is segmented on the basis of type into Aluminium Salts, Tensoactive Adjuvants, Adjuvant emulsions, Bacteria derived Adjuvants, Liposome Adjuvants and Carbohydrate Adjuvants. Based on route of administration, the market is divided into oral, intradermal, subcutaneous, intranasal and intramuscular. The market is bifurcated on the basis of mechanism of action into active immuno stimulants, carriers and vehicle adjuvants. The intramuscular segment is expected to account for the largest share of the global vaccine adjuvants market in 2016. Based on geography the market is analysed under various regions namely, USA and Canada. North America region is led by USA due to increasing awareness regarding vaccines, followed by Canada.
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The key players in the vaccine adjuvants market include MPV Technologies (U.S.), Avanti Polar Lipids, Novavax Inc. (U.S.), Inc. (U.S.), Brenntag Biosector (Denmark), SEPPIC (France), Agenus, Inc. (U.S.), Invivogen (U.S.), SPI Pharma, Inc. (U.S.), CSL Limited (Australia), and OZ Biosciences (France).
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