The Latin American Therapeutic Vaccines Market size is estimated to grow USD 2185.66 Million by 2027, from the current value of USD 487.43 Million in 2022, growing at a CAGR of 35% between 2022 to 2027.
Several approaches are being developed to boost the immune response to various infectious and cancerous cells in the pipeline. There are presently close to 120 new vaccines in the pipeline of various multinational companies across the globe set to hit the market in the next few years. Added to this, the vaccine market is relatively concentrated on both supply and demand sides. It is highly regulated and primarily dependent on public purchasers and donor policies. It has very distinct features that increase the complexity of assessing and understanding pricing and procurement in their context.
Coming to Latin America, Sanofi Pasteur, the vaccines division of Sanofi, announced that Brazil had granted regulatory approval to Dengvaxia®, representing the third successful licensure of the dengue vaccine, which was also approved in Mexico and the Philippines earlier in 2015. This, because Brazil is the fifth most populated globally and first in Latin America, is plagued by 1.4 million dengue patients. The remaining countries in Latin America also have a natural threat as they lie in the tropical Amazon basin, making them a hotbed for various epidemics.
An increase in funding’s from the government for vaccine development, a rise in investments by the major market players, rising prevalence of the disease, technological advancements, initiatives by NGOs are some of the factors that are propelling the Latin American therapeutic vaccines market growth.
However, massive capital expenditures and stringent regulatory policies, and high costs associated with treatment are a few factors inhibiting the market's growth.
This research report on the Latin American therapeutic vaccines market has been segmented and sub-segmented into the following categories:
By Disease Type:
Geographically, the Latin American therapeutic vaccines market accounted for a minor share in the global market in 2020. The enormous rise in the prevalence of numerous chronic diseases, such as cancer, HIV, and cardiovascular diseases, has significantly impacted the Latin American market for therapeutic vaccines. The worrisome rise in the need for effective treatment has switched the attention in Latin America to therapeutic vaccinations. Several pharmaceutical companies have begun developing innovative vaccinations for diseases such as breast cancer, lung cancer, and Alzheimer's disease. Although these breakthroughs are still in the pipeline and have yet to be commercialized, they promise a bright future for the therapeutic vaccination business in Latin America.
Mexico is Latin America's largest market, and Brazil's market has significant growth potential, while Argentina's market is focused on discovering and developing novel vaccines.
KEY MARKET PLAYERS:
Companies playing a notable role in the Latin American therapeutic vaccines market covered in this report are GlaxoSmithKline, plc, Merck and Company, Bavarian Nordic, CSL Limited, Emergent BioSolutions Inc., Novartis AG, Johnson and Johnson, MedImmune, LLC, Pfizer, Inc., and Sanofi Pasteur.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.2 Analysis Design
2.3 Research Phases
2.3.1 Secondary Research
2.3.2 Primary Research
2.3.3 Econometric Modelling
2.3.4 Expert Validation
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Disease Type
5.1.1 Autoimmune Disease Vaccines
5.1.2 Cancer Vaccines
18.104.22.168 PR1 Peptide
5.1.3 Neurological Disease Vaccines
22.214.171.124 ACC- 001
126.96.36.199 CAD 106
188.8.131.52 Parkinson's Disease Vaccine
184.108.40.206 Alzheimer's Disease
5.1.4 Infectious Disease Vaccines
220.127.116.11 Hepatitis C
18.104.22.168 Other Infectious Disease
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 GlaxoSMithKline plc.
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Merck and Company
8.3 Bavarian Nordic
8.4 CSL Limited
8.5 Emergent Biosolutions Inc.
8.6 Novartis AG
8.7 Johnson and Johnson
8.8 MedImmune LLC
8.9 Pfizer Inc.
8.10 Sanofi Pasteur
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
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