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Jun 5, 2020 9:59 AM ET

Biodefense Market CAGR Projected to Grow at 9.4% Through 2019 to 2027 - Lead by Bavarian Nordic, SIGA Technologies, Dynavax Technologies, Soligenix and Altimmune


Biodefense Market CAGR Projected to Grow at 9.4% Through 2019 to 2027 - Lead by Bavarian Nordic, SIGA Technologies, Dynavax Technologies, Soligenix and Altimmune

iCrowd Newswire - Jun 5, 2020

Biodefense Market is expected to reach US$ 8,350.74 Mn in 2027 from US$ 4,108.24 Mn in 2019. The market is estimated to grow with a CAGR of 9.4% from 2020-2027. The report provides trends prevailing in the global biodefense market and the factors driving market along with those that act as hindrances.

The global biodefense market on the basis of product is segmented into anthrax, small pox, botulism, nuclear/radiation and others. In 2019, the anthrax segment accounted for the largest market share in the global biodefense market. The segment is expected to continue its dominance over the forecast period owing to increasing funding by the governments of other countries to develop and stockpile adequate vaccines against anthrax mainly through a variety of initiatives, such as BioShield Act, Biomedical Advanced Research and Development Authority (BARDA), and the Joint Program Executive Office for Chemical & Biological Defense. For instance, the US Department of Health and Human Services announced it would purchase an anthrax treatment for $25. Million from Elusys Therapeutics Inc., as a part of an emergency preparedness plan, in 2018.

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Worldwide Biodefense Market Analysis to 2027 is a specialized and in-depth study of the Biodefense Industry with a focus on the global market trend. The report aims to provide an overview of global Biodefense Market with detailed market segmentation by product/application and geography. The global Biodefense Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Biodefense players and offers key trends and opportunities in the market.

Top Dominating Key Players:

  1. Bavarian Nordic
  2. Alnylam Pharmaceuticals, Inc.
  3. SIGA Technologies
  4. Emergent BioSolutions Inc.
  5. Cleveland Bio Labs
  6. Dynavax Technologies
  7. Elusys Therapeutics, Inc.
  8. Soligenix
  9. Altimmune
  10. Pluristem Therapeutics

The growth of the market is attributed to the some key driving factors such as presence of favorable government initiatives increase in the number of naturally occurring outbreaks, increasing threat of biological weapons and nuclear armed ICBM. However, low R&D funding by government in developing and underdeveloped economies are expected to restraint the growth of the market during the forecast years.

Biodefense Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years.

Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

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Keywords:    Biodefense Market, Biodefense Market Size, Biodefense Market Growth, Biodefense Market Share, Biodefense Market Analysis, Biodefense

Tags:    Reportedtimes, Research Newswire, English