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Self-assembling Vaccines Market Will Generate New Growth Opportunities in Upcoming Year
Self-assembling Vaccines Market Will Generate New Growth Opportunities in Upcoming Year
Self-assembling Vaccines Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Self-assembling Vaccines: Introduction

  • Vaccines are one of the major and effective interventions that help prevent spread for diseases. These help in reducing infectious diseases and save millions of lives globally each year.
  • Increase in understanding of self-assembly of viral proteins and virus-like particles (VLPs) has opened new opportunities in the development of chimeric VLPs, displaying heterologous epitopes attached to VLPs. Epitopes can be attached by covalent modification or through genetic engineering.

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  • Self-assembling vaccines, such as VaxCelerate, were developed by rapidly generating and performing pre-clinically testing a vaccine against a particular pathogen. Mixing MAV strain with biotinylated pathogen specific immunogenic peptides yields a self-assembled vaccine.

Key Drivers and Restraints of Global Self-assembling Vaccines Market

  • The global self-assembling vaccines market is primarily driven by significant investments in the development of self-assembling vaccines for coronavirus and increase in number of academic & research institutes studying vaccine usage for coronavirus

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  • Increase in government support for vaccine development, rise in efforts toward research & development of novel vaccines, and high prevalence of infectious diseases are projected to drive the global market during the forecast period
  • In March 2020, Ufovax, a spin-off vaccine company from Scripps Research, announced extension of patented self-assembling protein nanoparticle vaccine platform technology to develop a vaccine against the coronavirus SARS-CoV-2

Respiratory Diseases Segment to Account for Major Share of Global Self-assembling Vaccines Market

  • In terms of indication, the global self-assembling vaccines market can be classified into respiratory diseases, infectious diseases, cancer, and others
  • The respiratory diseases segment is anticipated to dominate the global market during the forecast period, due to increase in the number of research studies determining the use of self-assembling vaccines for COVID-19 and rise in awareness about new therapies for treatment of respiratory infections
  • A number of companies are collaborating with academic & research institutes and other pharmaceutical companies for the development of self-assembling vaccines for COVID-19
  • In March 2020, Hoth Therapeutics entered into an agreement with Voltron Therapeutics to form a joint venture entity, “HaloVax”, to begin preclinical trials for the development of vaccine for prevention of COVID-19, which is based on VaxCelerate. VaxCelerate, a self-assembling vaccine, is exclusively licensed by Voltron from the Vaccine and Immunotherapy Center (VIC) at Massachusetts General Hospital (MGH).

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Academic & Research Institutes Segment to Capture Major Share of Global Market

  • Based on end-user, the global self-assembling vaccines market can be categorized into hospitals & clinics, ambulatory surgical centers, academic & research institutes, and others
  • The academic & research institutes segment is expected to account for major share of the global self-assembling vaccines market by 2027. This is attributed to increase in efforts toward development of self-assembling vaccines, rise in availability of necessary infrastructure for research, and presence on qualified & experienced research professionals.

North America to Dominate Global Self-assembling Vaccines Market

  • In terms of region, the global self-assembling vaccines market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global self-assembling vaccines market during the forecast period.
  • The market in North America is anticipated to be driven by increase in burden of COVID-19, rise in support from the U.S. Government for vaccine development, and large number of companies signing strategic agreements and entering into partnerships with other prominent players for vaccine co-development

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Key Players Operating in Global Self-assembling Vaccines Market

The global self-assembling vaccines market is highly fragmented, with a large number of domestic players accounting for major market share. Key players operating in the global self-assembling vaccines market are:

  • Argos Therapeutics, Inc.
  • Icosavax, Inc.
  • Hoth Therapeutics
  • Voltron Therapeutics

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