The US DNA Vaccine market is anticipated to grow at a CAGR 42.9% during the forecast period. The factors affecting the growth of DNA vaccination in the US include R&D funding, high healthcare expenditure, presence of key players and rising prevalence of cancer patients. A significant rise in R&D funding has witnessed in the past few years. For example, In April 2018, Inovio Pharmaceuticals Inc., a US firm has awarded approximately $56 million from CEPI (the Coalition for Epidemic Preparedness Innovations) for the development of DNA vaccines against MERS (Middle East Respiratory Syndrome) and Lassa fever. In addition, increasing poultry production in the country is also a major contributing factor for DNA vaccination in the US. According to the Poultry world, In the US, poultry production is set to an all-time high. It is expected to rise 3% annually from 2019 to 2021.
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The US DNA vaccine is further segmented into type, technology, and application. Based on type, the market is segmented into animal DNA vaccine and human DNA vaccine. Based on technology, the market is segmented into plasmid DNA vaccine and plasmid DNA delivery. Based on application, the market is segmented into oncology, infectious disease and others. The US poultry farms such as Tyson Foods and Costo Poultry farm are planning to raise chicken production. Since 1993, Sanderson Farms has added seven plants. Costco’s $300 million plants in Nebraska are expected to produce nearly 100 million chickens in a year, while open in April 2019.
The key market player that are active in the market includes Arbutus Biopharma Corp., Dendreon Pharmaceuticals LLC, GE Healthcare, GlaxoSmithKline PLC., Green Cross Corp., Innovio Biomedical Corp., Immunomic Therapeutics, Merck & Co., Pfizer Inc., Protein Sciences Corp., Qed Biosciences Inc., Sanofi Inc., Tolerion Inc., Vical Inc. and Zoetis Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
US DNA Vaccine Market Segmentation
By Type
- Animal DNA Vaccine
- Human DNA Vaccine
By Technology
- Plasmid DNA Vaccine
- Plasmid DNA Delivery
By Application
- Oncology
- Infectious Disease
- Others
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Company Profiles
- Arbutus Biopharma Corp.
- Dendreon Pharmaceuticals LLC
- GE Healthcare
- Glaxosmithkline PLC.
- Green Cross Corp.
- Immunomic Therapeutics
- Innovio Biomedical Corp.
- Merck & Co.
- Pfizer Inc.
- Protein Sciences Corp.
- Qed Biosciences Inc.
- Sanofi Inc.
- Tolerion Inc.
- Vical Inc.
- Zoetis Inc.
