The Asia-Pacific Vaccine Adjuvant Market was worth $84.96 million in 2016 and estimated to be growing at a CAGR of 11.73%, to reach $147.9 million by 2021.
Vaccine adjuvants are desirable to expand the adaptive immune reactions to antigens. Adjuvants show their effects through diverse mechanisms.
Some adjuvants work as delivery systems that provide stimulation of the immune system. Immunologic adjuvants are added to vaccines for the stimulus of the reaction of immune system to the target antigen, but directly do not offer immunity.
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Factors driving the world vaccine adjuvants market are increasing funding of government in R&D, high occurrence of diseases, growing emphasis on enriched vaccines, and strategic progressive moves assumed by companies such as contracts, acquisitions, and associations. However, side effects of adjuvants and cost of adjuvant growth restrict the market growth.
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The Asia-Pacific 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.
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Based on geography the market is analysed under various regions namely, China, India, Japan, South Korea and Australia. China and India being developing countries with increase in population are estimated to grow at highest CAGR in the forecast period.
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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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