At 11.0% CAGR, South & Central America Therapeutic Vaccines Market is Projected to be Worth US$ 6,998.78 Thousand by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America therapeutic vaccines market was valued at US$ 3,370.35 thousand in 2024 and is expected to reach US$ 6,998.78 thousand by 2031, registering a CAGR of 11.0% from 2024 to 2031. Advancements in vaccine technology and increasing investments and funding for vaccine development are among the critical factors attributed to drive the South & Central America therapeutic vaccines market.

Developing vaccines against emerging pathogens that possess the potential to cause pandemics is not feasible using conventional technologies. As a result, it is important to develop platforms that can respond rapidly to pandemic threats and adapt effectively to measures taken to tackle emerging variants. Innovative vaccine platforms-such as mRNA vaccines, immuno-material-based vaccine technology, nano-drug delivery systems, and viral vector-based vaccines-are revolutionizing the development of therapeutic vaccines. Further, the shift toward more efficient and customizable vaccine technologies has enabled the development of vaccines that can target several diseases, including cancers, autoimmune conditions, and infectious diseases. The success of mRNA COVID-19 vaccine technology showcases promises in the potential of mRNA technology for therapeutic applications beyond infectious diseases, including cancer and chronic infections. These platforms allow for quicker, more flexible, and better scalable vaccine production, accelerating the development of new therapeutic vaccines.

Researchers are developing novel platforms for future applications. For instance, a research team at the Wyss Institute at Harvard University is developing a pioneering vaccine platform known as OMNIVAX. This "first-in-class immuno-material-based" vaccine technology aims to create safe and effective therapeutic and prophylactic vaccines against viral and bacterial infections. Upon injection, OMNIVAX vaccines establish a scaffold to attract dendritic immune cells, programming them to target a specific antigen. The cells are then released, followed by their migration to nearby lymph nodes, where they initiate a systemic and prolonged immune response. Using modular technology, multiple antigens can be incorporated into a single OMNIVAX vaccine.

On the contrary, regulatory challenges hampers the growth of South & Central America therapeutic vaccines market.

Based on product, the South & Central America therapeutic vaccines market is segmented into cancer vaccine, infectious disease vaccine, and others. The cancer vaccine segment held 100.0% market share in 2024, amassing US$ 3,370.35 thousand. It is projected to garner US$ 6,959.27 thousand by 2031 to register 10.9% CAGR during 2024-2031.

By technology, the South & Central America therapeutic vaccines market is bifurcated into allogenic vaccine and autologus vaccine. The allogenic vaccine segment held 100.0% share of South & Central America therapeutic vaccines market in 2024, amassing US$ 3,370.35 thousand. It is projected to garner US$ 6,977.99 thousand by 2031 to expand at 11.0% CAGR from 2024 to 2031.

In terms of end user, the South & Central America therapeutic vaccines market is categorized into hospitals, clinics, and others. The hospitals segment held 61.9% share of South & Central America therapeutic vaccines market in 2024, amassing US$ 2,087.36 thousand. It is projected to garner US$ 4,417.78 thousand by 2031 to expand at 11.3% CAGR from 2024 to 2031.

Based on country, the South & Central America therapeutic vaccines market is categorized into Argentina, Brazil, and the Rest of South & Central America. Our regional analysis states that Brazil captured 55.8% share of South & Central America therapeutic vaccines market in 2024. It was assessed at US$ 1,881.37 thousand in 2024 and is likely to hit US$ 4,006.71 thousand by 2031, registering a CAGR of 11.4% during 2024 to 2031.

Key players operating in the therapeutic vaccines market are Dendreon, BioNTech SE, Serum Institute of India Pvt. Ltd, Merck & Co Inc, Amgen Inc, ISA Pharmaceuticals BV, INOVIO Pharmaceuticals Inc, Transgene SA, THERAVECTYS SA, and CureVac SE, among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com