Biodefense Market to witness phenomenal gains over 2016-2024
Date: 2018-09-12   Author: Rahul Sankrityayan  Category: #industry

Biodefense Market to witness phenomenal gains over 2016-2024

The Biodefense Market to exceed USD 17 billion by 2024 as per a new research report.

Growing bioterrorism and research for early development of medical countermeasures against chemical threats will drive biodefense market over the forecast timeframe. Increasing use of bio-agents coupled with rising need of biosecurity should fuel the industry growth. Increasing threats of radiation exposure, infectious diseases and chemicals coupled with lethal pathogens, such as avian influenza will stimulate global biodefense market.

Furthermore, focus on developing vaccines, drugs, and diagnostics test for disease agents and developing broad?spectrum therapies effective against entire classes of pathogens using cultured proteomic and genomic platforms should propel industry growth. Biodefense market growth may be hindered by increasing bioterrorism agents with growing terror and low penetration in developing and underdeveloped countries.

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Anthrax market will witness significant growth during the forecast period due to increasing product development activities for inhalational anthrax animal models and efficacy assessment of vaccines and therapeutics in rabbits.

U.S. biodefense market will witness robust growth over forecast period owing to increasing research and primary development of medical countermeasures against radiation exposure and infectious diseases. NBACC facility offering intelligence assessments, preparedness planning, response, emerging threat characterization and bio-forensic analysis will drive business growth.

UK biodefense market share accounted for largest regional revenue share due to increasing defensive measures used against biological agents that continue multiplying in the affected individual, area or surroundings will fuel business growth.

Japan biodefense market should grow at a significant rate over the forecast period due to increasing number of biodefense laboratories and R&D expenditure coupled with several initiatives for bio-safety promotion taken by the government.

Increasing government initiatives for controlling diseases coupled with low cost of producing biological defense agents will drive Brazil biodefense market. Furthermore, increasing technological advancements should fuel business to grow at a substantial rate.

South Africa biodefense market is growing at a significant rate owing to high importance on developing policy at continental or regional level for biodefense. Improved research infrastructure including BSL 4 research laboratory reporting study on endemic diseases in animal with no cure should propel the industry share.

Biodefense aims to prevent the development and use of biological weapons as well as lessen the human suffering occurs if prevention fails. Increasing government initiatives towards protection against potential deadly or devastating impact on a vulnerable population will boost the industry growth. The business should witness high growth owing to research providing the basis for developing medical products and strategies to prevent, diagnose and treat a wide range of infectious diseases.

Key industry players are Bavarian-Nordic, Cleveland BioLabs, Emergent Biosolutions, Xoma, SIGA Technologies and PharmaAthene. Industry participants are securing their market position by increasing their focus on R&D activities to develop new and effective bio-safety medicines and vaccines.

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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