Therapeutic Vaccines: The Global Market
Report Highlights
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The total worldwide market for therapeutic vaccines is expected to reach $137 million in 2010. With increased product introductions, this market is expected to reach nearly $3.1 billion in 2014, a compound annual growth rate (CAGR) of nearly 118%.
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The worldwide market for therapeutic cancer vaccines was worth $137 million in 2010. This market is expected to increase at a compound annual growth rate of 115% to reach an estimated $2.9 billion in 2014.
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Addiction treatments are expected after 2012. These therapeutic vaccines are forecast to be worth $77 million in 2013 and $135 million in 2014, a compound annual growth rate (CAGR) of more than 100%.
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Frequently Asked Questions (FAQs)
Report Highlights
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The total worldwide market for therapeutic vaccines was $8.1 million in 2004. With increased product introductions, this market is expected to top $4 billion in 2010.
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Currently, only products for the treatment of cancer are available.
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Addiction treatments are expected after 2005, but cancer treatments will continue to dominate.
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The market and growth for these vaccines will mimic that of innovative prescription pharmaceuticals rather than prophylactic vaccines.
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It is expected the U.S. will be the primary market. Europe will follow closely behind and Japan, while historically a very small market for prophylactic vaccines, is expected to be a major purchaser.