Increasing R&D investments in Therapeutic Vaccines Market - Merck and GSK Have Interesting Pipelines
HYDERABAD, India, August 26, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the sleep apnea devices market. The report titled, "Global Therapeutic Vaccines Market Growth, Trends & Forecast" discusses the current landscape and outlook of the said market.
The global therapeutic vaccines market was valued at USD 11 billion in 2015 and is projected to reach USD 51 billion by 2021, at a compound annual growth rate (CAGR) of 29% during the forecast period of 2016 to 2021. Increasing prevalence of chronic diseases such as cancer and HIV/AIDS is fueling the market growth.
The report is an amalgamation of the current market scenario, its prospects and forces driving & restraining the market growth. The report highlights the North American, European, Asia-Pacific, Latin American and Middle East & African markets.
High costs of the vaccines and stringent regulatory guidelines are turning out to be restraints for this market.
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Our report on therapeutic vaccines is segmented based on type (auto immune disease vaccine, neurological disease vaccine, cancer vaccine and infectious disease vaccines) and by geography (North America, Europe, Asia-Pacific and Rest of the World).
North America is currently the largest therapeutic vaccines market globally, followed by Europe. Countries in the Asia-Pacific region are one of those places where this market is rapidly growing due to the increasing prevalence and investments in R&D.
The leading companies that dominate this market are Merck, GSK, Novartis, Pfizer and Dendreon.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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