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Ebola Vaccine Market Growth Accelerated By Increased Research And Development Activities

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Pooja Khodke
Ebola Vaccine Market Growth Accelerated By Increased Research And Development Activities

Ebola vaccine provides protection against Ebola virus disease which is a severe and often deadly illness in humans. The vaccines help to develop immunity against the five subtypes of Ebola virus known to cause disease in humans and non-human primates. Extensive research and development activities by various biopharmaceutical companies and research institutions for the development of effective and safe vaccines are helping to prevent the spread of the deadly disease.


The global Ebola Vaccine Market is estimated to be valued at Us$ 5.83 Bn in 2023 and is expected to exhibit a CAGR Of 9.4% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:


Research institutions and biopharmaceutical companies are increasingly investing in research and development activities for the development of effective Ebola vaccines. This is helping accelerate growth of the Ebola vaccine market. Various clinical trials are being conducted to test the safety and efficacy of candidate Ebola vaccines. Increased research funding from government and private organizations is also driving the R&D activities. For instance, according to the World Health Organization (WHO), development of Ebola vaccines has received over US$ 500 million funding between 2014 to 2018. This has resulted in progress in Ebola vaccine development.


Segment Analysis

The global Ebola vaccine market is dominated by preventive vaccines segment. Currently, there is only one approved vaccine for preventing Ebola infection and it falls under the preventive vaccines segment. The Ebola vaccine manufactured by Merck & Co. Inc., Ervebo (rVSV-ZEBOV), is the only vaccine approved by both US FDA and European Medicines Agency (EMA). The vaccine has shown nearly 100% efficacy in Phase 3 trials with a single dose regimen. This high efficacy rate and wide applicability have made preventive vaccines the primary choice for Ebola infection prevention.

Key Takeaways


The Global Ebola Vaccine Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market is estimated to reach a value of US$ 5.83 Bn by 2024, growing at an anticipated CAGR of 9.4% through 2030.

Regional analysis:


North America currently dominates the global market due to strong research activities in vaccine development and availability of advanced healthcare facilities. However, Africa is expected to witness the highest CAGR over the forecast period owing to recurring outbreaks in Central and West African countries. Development of effective vaccination programs will drive regional market growth.

Key players:


Key players operating in the Ebola vaccine market are 10x Genomics, Akoya Bioscience Inc., Biognosys AG, BioSpyder Technologies, Bio-Techne, Bruker, Brooks Automation Inc., Danaher Corporation, and Diagenode. 10x Genomics leads the market with its cutting-edge single-cell analysis solutions for vaccine development and immunogenicity assessment. Akoya Bioscience also has a strong position for its Spatial Proteomics platform that enables characterization of immune response and cellular interactions.


Get more insights on this topic :


https://www.insightprobing.com/ebola-vaccine-market-driven-by-rise-in-ebola-epidemics-globally/


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