SWOT Analysis

Strength: Therapeutic vaccines target specific diseases making treatment more effective. By training the immune system to fight diseases, therapeutic vaccines offer long lasting protection compared to traditional medicines. Some therapeutic vaccines like Gardasil have demonstrated great success in reducing rates of HPV-related cancers. Development of personalized vaccines tailored to an individual's genetic profile could boost response rates.

Weakness: Therapeutic vaccines require extensive research and clinical trials to prove safety and efficacy which makes development highly capital intensive. Many vaccine candidates fail to show sufficient benefits during clinical testing requiring researchers to return to the drawing board. High prices of approved therapeutic vaccines limit access in developing nations.

Opportunity: Growing geriatric population susceptible to chronic diseases like cancer presents a large addressable market. Increasing cancer survival rates mean more patients require immunotherapies and adjunct treatment. Emerging technologies like mRNA platforms may accelerate vaccine design and help expand the pipeline. Covid pandemic has increased awareness of vaccines paving way for greater acceptance of novel therapeutic approaches.

Threats: Stringent regulations for vaccine approval delays market entry and increases costs significantly. Safety concerns could undermine public trust if adverse effects surface. Competing drug therapies may prove more convenient or effective than lengthy vaccine schedules reducing demand potential. Patent expiries of blockbuster therapeutic vaccines open up markets for cheaper generic competition.

Key Takeaways

The Global Therapeutic Vaccines Market Size is expected to witness high growth driven by rising cancer burden and technological innovations.

North America currently dominates due to presence of major players and higher healthcare spending. With growing purchasing power, Asia Pacific is projected to emerge as the fastest growing regional market.

Key players operating in the therapeutic vaccines market are AstraZeneca, GlaxoSmithKline, Merck, Pfizer, Sanofi, Argos Therapeutics, Bavarian Nordic, Bristol-Myers Squibb, Celldex Therapeutics, and ImmunoCellular Therapeutics. These companies are investing heavily in R&D to expand pipeline indications from infectious diseases to chronic conditions like cancer. Recent years have witnessed greater success of personalized neoantigen vaccines for solid tumors which may open up a new era of targeted immunotherapies.

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