The market for therapeutic vaccines is anticipated to benefit from the widespread use of vaccines. A biologic combination known as a therapeutic vaccination is intended to create protection against the body's aberrant cells. Therapeutic vaccines are adaptable to their intended use and can be used to treat a wide range of illnesses, including different cancers, HIV-infected diseases, and Alzheimer's disease. The rising incidence of chronic diseases like cancer, HIV infection, cardiovascular disease, and other diseases has a substantial impact on the global market for therapeutic vaccines. The need for biologic pharmaceuticals for particular or targeted responses is anticipated to rise due to the exponential rise in the prevalence of certain diseases; this is further projected to drive the expansion of the therapeutic vaccines market in the near future. However, the few existing therapeutic vaccines and their researched properties have offered a resistance to the therapeutic vaccine market expansion up to this point. However, the demand for biologics and numerous studies have shown a considerable shift in the growth curve in favor of high value.
As per Coherent Market Insights, The market for Therapeutic Vaccines is expected to increase from USD 16385 million in 2023 to USD 35042 million in 2028, at a CAGR of 16.42%.
Prominent Companies in the Therapeutic Vaccines Industry:
1. Novartis AG
The business was established in March 1996 and has offices in Basel, Switzerland, and Cambridge, Massachusetts, in the US. All pharmaceutical kinds are covered by Novartis, including prescription, over-the-counter, immunizations, diagnostics, eyeglasses, and veterinary treatment. In addition to managing, advertising, operations, and research, Novartis also engages in a number of direct activities through its companies.
2. Pfizer Inc.,
The company was established in 1849, and Manhattan, New York City, is where its corporate headquarters are situated. Through the creation of pharmaceuticals and vaccines, Pfizer seeks to enhance the fields of immunology, cancer, the heart, endocrinology, and neurology. In October 2022, the business successfully acquired Biohaven Pharma's calcitonin gene-related peptide programmes. Pfizer purchased Amplyx Pharmaceuticals in April 2021, which included the rights to the antifungal drug fosmanogepix (APX001).
3. Merck & Co., Inc.
The business was founded in 1668, and Rahway, New Jersey is where its headquarters are. Merck produces medicines, vaccines, biologic therapies, and things for animal health. After paying an undisclosed sum for the cattle management company Vence, the company announced in September 2022 that it will merge with Merck Animal Health. PrognostiX Poultry was purchased by Merck Animal Health in February 2021.
4. GlaxoSmithKline
The company was founded in 2000 and is based in Brentford, United Kingdom. In addition to other healthcare-related products, the company offers items for treating infections, diabetes, cardiovascular disease, digestive disorders, and asthma. GSK purchased a 10% investment in the German biotech firm CureVac in July 2020. The purchase of BELLUS Health Inc. by GSK for $2.0 billion was announced in April 2023.
5. Dendreon Corp
The company was started in 1992 and is based in California, United States. Discovered and created by Dendreon Corporation, these medicinal items are based on immunology and are used to cure cancer. The company creates therapeutic vaccines that trigger cell-mediated immunity, the body's primary defense against cancer, by combining expertise in immunology and antigen engineering with unique cell separation methods.
6. Bavarian Nordic A/S
The firm was founded in 1992 and is based in Denmark. The company's main areas of interest include the creation, production, and marketing of vaccines for infectious illnesses and cancer immunotherapies. It was announced in February 2023 that Bavarian Nordic would purchase from Emergent BioSolutions the late-stage candidates for chikungunya, Vivotif for typhoid fever, and Vaxchora for cholera.
7. Agenus, Inc.
The company was started in 1994 and is based in Lexington, Massachusetts, United States. Immuno-oncology products are discovered, created, and developed by Agenus Inc. To provide curative patient results, the company uses synergistic agents such checkpoint antibodies.
Definition: A therapeutic vaccination is one that is given following the onset of a sickness or infection. A therapeutic vaccine functions by stimulating a patient's immune system to combat an infection. The immune system is forced to recognize a virus or malignant cell using therapeutic vaccinations, which aids in treatment.
