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Medical Countermeasures Market Size, Growth, Report Study, Demand and Forecast by 2028

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Medical Countermeasures Market Size, Growth, Report Study, Demand and Forecast by 2028

Of late, the medical countermeasures market is making a major breakthrough in the healthcare industry across the globe. The demand for medical countermeasures is mainly accredited to the uncertainty of outbreaks. Health care providers are banking on accessible medicines that have fewer side effects and can be easily evaluated and used upon successful diagnosis. The availability of extensive vaccines or antivirals that are unapproved could lead to box-ticking exercises and undermine the efforts taken to produce drugs. To sustain the consistent efforts of healthcare workers and prevent the diseases from spreading, the demand for robust and apt medical countermeasures has risen incessantly.


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The market is further advancing towards fruition at the helm of the safety assurance of drugs. Before coming into the market, drugs undergo several quality checks and clinical trials to ensure that they are safe and effective to be used. For instance, a government agency in the U.S., Food and Drug Administration (FDA) is authorized to pre-evaluate the medications that are being sold in the market. Rigorous quality checks, growing awareness of countermeasures, and unpredictable outbreaks are poised to expand the medical countermeasures market dimensions and escalate sales in the years to come.


Rising Prevalence of Infectious Diseases and Cutting-Edge Advancements in Precision Medicines Pave the Way for Medical Countermeasures Market


The medical countermeasures market is bifurcated into medical devices and therapeutic products. However, vaccines are dominating the market with a lion’s share on the solid turf of prevailing infectious diseases viz HIV/AIDS. As a result, the market is observing a continuous proliferation in the number of patients that require life-saving vaccines to fight against lethal diseases such as dengue, influenza virus (H1N1), and others. The report further reveals that the notable advancements in personalized medicine and Matrix Metalloproteinases (MMPs) are projected to create headways for market expansion. Additionally, the rising awareness about the countermeasures to combat biological agents is further building the momentum for the medical countermeasures market. 


Robust Investments in Research & Development of Countermeasures and Growing Biological Warfare Creates Tailwinds for Market in Asia Pacific


On a geographical basis, the global medical countermeasures market is majorly driven by the U.S., owing to strict norms and regulations set by the government on the development of drugs. The market is further propelled by the rising awareness levels concerning bioterrorism attacks and rigorous rules for drug approvals.


On the other hand, Asia Pacific showcases higher growth potential in the medical countermeasures market during the forecast period. Surging biological warfare threats, and consistently increasing expenditure by key players on research and development activities to develop countermeasures to combat bio aggressors are major factors influencing the market growth. Furthermore, the sophisticated infrastructures in the region coupled with increasing government investments to procure the latest countermeasures and R&D are fueling the growth of the market in APAC. India exhibits greater grit in manufacturing and selling counterfeit drugs


Leading Players Across Global Medical Countermeasures Market


Most prominent players operating in the global medical countermeasures market include Sanofi Pasteur, Johnson & Johnson, CSL Limited, GlaxoSmithKline plc, Pfizer, Inc., Emergent BioSolutions, Inc., Daiichi Sankyo Company, Limited, Mitsubishi Tanabe Pharma Corporation, Serum Institute of India Pvt. Ltd., Merck & Co., Inc., Bavarian Nordic, AstraZeneca, Bharat Biotech, Incepta Vaccine Ltd., Biological E, Sinovac Biotech Ltd., Valneva SE, PT Bio Farma, Panacea Biotec, and VBI Vaccines Inc.


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