At 15.0% CAGR, Asia Pacific Human Vaccine Adjuvants Market is Projected to be Worth US$ 1,008.52 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific human vaccine adjuvants market was valued at US$ 330.19 million in 2022 and is expected to reach US$ 1,008.52 million by 2030, registering a CAGR of 15.0% from 2022 to 2030. Growing focus on immunization programs and growing pharmaceutical industry are among the critical factors attributed to drive the Asia Pacific human vaccine adjuvants market growth.

Governments of various nations recognize the importance of vaccination as a cost-effective strategy to prevent and control chronic diseases. According to the WHO, immunization currently prevents 3.5-5 million deaths yearly from diseases such as diphtheria, tetanus, pertussis, influenza, and measles. As a result, governments in various nations are implementing immunization programs to reduce the incidence of diseases such as cancer, diabetes, cardiovascular diseases, and respiratory diseases. These programs often target specific populations, such as children, older people, and high-risk individuals, to ensure they are adequately protected against these chronic conditions. The US, India, and Australia are among the key prominent nations that have effective immunization programs. For example, India has the Universal Immunization Programme (UIP), which targets immunization of 26.7 million newborns and 29 million pregnant women annually. The United Nations International Children's Emergency Fund (UNICEF) also offers an immunization program that provides vaccines to protect children from life-threatening diseases globally. Similarly, in collaboration with member nations, Gavi (a vaccine alliance), UNICEF, and other global immunization partners, WHO launched "The Big Catch-up" in 2023, a global vaccination drive to support efforts to catch up, restore, and improve routine immunization globally. These campaigns aim to increase vaccination coverage rates and reduce the spread of infectious diseases that can exacerbate chronic conditions. As a result, there is a growing demand for vaccines and adjuvants that can enhance the immune response and provide long-lasting protection against these diseases. Thus, all these factors boost the growth of the Asia Pacific human vaccine adjuvants market.

On the contrary, manufacturing complexities and regulatory challenges hampers the growth of Asia Pacific human vaccine adjuvants market.

Based on type, the Asia Pacific human vaccine adjuvants market is segmented particulate adjuvant, emulsion adjuvant, combination adjuvant, and others. The particulate adjuvant segment held 39.2% market share in 2022, amassing US$ 129.58 million. It is projected to garner US$ 390.28 million by 2030 to register 14.8% CAGR during 2022-2030.

In terms of application, the Asia Pacific human vaccine adjuvants market is categorized into influenza, hepatitis, human papilloma virus (HPV), and others. The influenza segment held 37.6% share of Asia Pacific human vaccine adjuvants market in 2022, amassing US$ 124.30 million. It is anticipated to garner US$ 393.00 million by 2030 to expand at 15.5% CAGR during 2022-2030.

By end user, the Asia Pacific human vaccine adjuvants market is segmented into pharmaceutical and biotechnology companies, CMOs and CROs, and others. The pharmaceutical and biotechnology companies segment held 48.8% share of Asia Pacific human vaccine adjuvants market in 2022, amassing US$ 161.17 million. It is projected to garner US$ 509.37 million by 2030 to expand at 15.5% CAGR from 2022 to 2030.

By country, the Asia Pacific human vaccine adjuvants market is segmented into Japan, China, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 27.0% share of Asia Pacific human vaccine adjuvants market in 2022. It was assessed at US$ 89.14 million in 2022 and is likely to hit US$ 281.73 million by 2030, registering a CAGR of 15.5% during 2022-2030.

Key players operating in the Asia Pacific human vaccine adjuvants market are Croda International Plc, CSL Ltd, Dynavax Technologies Corp, Hawaii Biotech Inc, Novartis AG, Novavax Inc, Phibro Animal Health Corp, Seppic SA, and SPI Pharma Inc, among others.

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