Global DNA Vaccines Market by Technology, by Application, by Region and Segment, Forecasts 2020–2026

Global DNA Vaccines Market was valued at 2.7 Billion in 2019, and is projected to grow at CAGR of 54.8% over the forecast period 2020–2026. Increasing adoption of DNA vaccines for animal healthcare, improved stability, growing awareness amongst health professional and reduced risk of infection compared to conventional vaccines are the factors driving the market.

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The global DNA vaccines market is segmented based on end user, application, technology, and type. Based on type, market is further segmented into animal DNA vaccines and human DNA vaccines. Based on technology, the DNA vaccine market is further segmented into DNA delivery technology and DNA vaccine technology. On the basis of applications, the market is segmented into human diseases i.e., allergies, infectious disease, oncology, and others; and veterinary diseases such as Equine West Nile Virus, Leishmaniasis, Canine Melanom, and others. Based on end user type, the market is segmented in research application, animal health, and human health.

Market Trends, Drivers, Restraints and Opportunity:

Surge in the rate of infectious diseases caused due to medical delays and lack of effective treatment is likely to enhance the market growth during the forecast period. In addition, the medical advances and rise in use of technology is likely to trigger the market growth
Increase in R&D for DNA vaccine production and distribution contributes in the market development throughout the forecast period. Constant development in biology, immunology, DNA synthesis and immunology is most likely to result in a high market growth throughout the forecast span
In addition, significant investments for immunology and biological research is more likely to create immense opportunities in the forthcoming years. Moreover, high preference for DNA vaccines over traditional ones are contributing significantly.
On contrary, dearth of manpower and lack of a suitable medical infrastructure with less evidence for benefits in human health restricts the market growth