USD 14.27 billion
Report ID:
SQMIG35H2213 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
63
|Figures:
75
Biodefense Market size was valued at USD 15.99 Billion in 2023 and is poised to grow from USD 16.79 Billion in 2024 to USD 24.86 Billion by 2032, growing at a CAGR of 5.03% during the forecast period (2025-2032).
The biodefense market growth is driven by the presence of government initiatives, increasing private investment, the increased government spending and focus on biodefense strategies, and cases of the flu, Zika virus, and Ebola virus. Technological advances that have been experienced in genetic engineering and biotechnology within the last two decades make it feasible to modify these naturally occurring, lethal viruses that can readily be redrafted to cause devastation. Moreover, as these organisms are widely present in various parts of the world, biodefense is an integral component for countries across the globe. Some of the prior biological agents that were used as carriers for bioterrorism were anthrax, botulism, and chemical and nuclear agents. This incurred immense monetary loss. As a result of these activities, governments across the globe have enacted biodefense statutes, treaties, and policies aimed at combating biological threats, minimizing risks and preparing for, responding to, and recovering from a manifestation of bioterrorism. In fact, while conducting continuous research to diagnose, treat, and prevent infectious diseases, intentional or naturally occurring, the National Institute of Infectious Disease was able to contribute to the formation of medical products and strategies to fight bioterrorism as well as emerging and re-emerging infectious diseases since the 2001 mail-borne anthrax bioterrorism act.
US Biodefense Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 14.27 billion
Largest Segment
Anthrax
Fastest Growth
Anthrax
Growth Rate
5.1% CAGR
To get more reports on the above market click here to Buy The Report
Global Biodefense Market is segmented by Type, Application, and region. Based on Type, the market is segmented into Anthrax, Smallpox, Botulism, Radiation/Nuclear, Others. Based on Application, the market is segmented into Hospitals and clinics, Ambulatory care centers, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Biodefense Market Analysis by Type
As per the biodefense market analysis, the anthrax segment is led by the industry with a high compound annual growth rate (CAGR) during the forecast period, as per the market share of 28.4% during 2023. Some of the product types included in this market are radiation/nuclear, smallpox, anthrax, and botulism. Anthrax is a product derived from the gram-positive, spore-forming bacterium Bacillus anthracis. It is thought to be one of the most likely agents to be used in a bioterrorist attack. These spores are mainly preferred because they are easily spread in the environment by being added to food, drink, powder, and sprays. They can be readily sourced from natural resources such as soil, plants, or water and have a long shelf-life in the environment.
However, the other segment of the type, in the biodefense market forecast, is expected to grow at a 6.2% CAGR during the projection period. Some of the others include viral hemorrhagic fever, brucellosis, cholera, influenza, plague, food poisoning, tularemia, Zika, Ebola, among a few. The NIAID's VRC, since 2003, has engaged in research into VHF vaccines, particularly a vaccine that would act as a protection mechanism against the Marburg and Ebola viruses. The DoD has also given a contract to the UTSA for developing a tularemia vaccine. High contagiousness and potential lethality characterize tularemia, meaning it may be a bioweapon.
Biodefense Market Analysis by Application
The hospitals & clinics segment comes out as the dominant in the global biodefense industry. These medical setups form mainly the centers of operations for the management and treatment of individuals exposed to biological agents. Thus, they come out quite centrally in biodefense preparedness and response. Hospitals and clinics must be provided with proper biodefense infrastructure that should comprise of the most advanced diagnostic tools, specialized detection and treatment equipment, and biodefense-ready staff to undertake epidemics. These facilities also play a critical role in immunization campaigns, public health campaigns, and emergency response plans. Because of its critical role in preserving public health, it is thus the market leader in the hospitals & clinics segment.
The ambulatory care centers segment is expected to achieve the highest biodefense market share during the forecast period. The growing pressure on decentralized biodefense capabilities and increasing focus on community-based healthcare services have motivated the rapid growth of ambulatory care clinics. Effective response plans rely largely on prompt and easy access to available medical treatment, such as vaccinations, diagnostics, and early identification of biological hazards, which are offered at ambulatory care clinics. This market has grown drastically following the growing need for effective and flexible healthcare delivery strategies, especially in the wake of public health catastrophes.
To get detailed analysis on other segments, Request For Free Sample Report
With a commanding 86.1% biodefense market share in 2023, North America led the industry and is predicted to grow with a strong CAGR throughout the forecast period. Among the many factors constituting this superiority lies huge federal outlays for enhancing public health security and technical advancements that enhance biodefense capabilities. Furthermore, growing public knowledge about biological risks continues to fuel increasing demand for effective response and preparedness plans. Such big giants in the field offer the market a much-required boost by enforcing innovation and newer goods and services upon the earth. All these contribute to reifying North America as the global leader in the biodefense industry.
Asia-Pacific is expected to grow with the highest CAGR of 9.1% during the forecast period due to an increase in R&D expenditure. The market is growing due to the increasing importance of biodefense and the higher risk of deadly biological agents that cause emergencies. Australia and Japan, two of the most advanced biodefense industries of Asia-Pacific, have well-established vaccine production facilities. This, along with the very advanced healthcare system of the country, is playing its impact on its market status. Countries such as China and India are vigorously expanding their R&D capabilities with the intent of facing future biological threats. China is the world's second-biggest spender on research and development after the US. These are the aspects that are supposed to support the biodefense industry in the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Biodefense Market Drivers
Increased Government Investment
Rising Threats from Bioterrorism
Restraints
Market Competition
Lack of Awareness in Certain Regions
Request Free Customization of this report to help us to meet your business objectives.
Competition in the biodefense industry is marked by major companies and newly emerging companies' emphasis on innovative solutions. While innovative companies introduce new technologies into the market, established companies exploit large resources and experience. Increases in public-private partnerships are presently working to strengthen research and development endeavors. Such a dynamic environment motivates continuous innovation and a run for appropriate handling of changing biological threats.
Biodefense Market Top Player’s Company Profiles
Biodefense Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the biodefense market outlook can be considered bright, and there is a good prospect for increased growth mainly because of increased government funding, growing awareness of biological risks, and introduction of advanced technology. The readiness and response plans will contain crucial elements of hospitals, clinics, and other ambulatory care facilities. However, challenges such as expensive development costs and stiff regulatory regulations might pose to be some potential bumpy rides to success. Two key factors that will dictate the future course of this market are the emergence of public-private partnerships and a commitment to community resilience. Biodefense capabilities - an attempt to better protect the health of the public from new threats of biological natures, will be required as the world becomes increasingly interconnected.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 15.22 billion |
Market size value in 2031 | USD 23.67 billion |
Growth Rate | 5.03% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Biodefense Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biodefense Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biodefense Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biodefense Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35H2213
sales@skyquestt.com
USA +1 351-333-4748