North America Biodefense Market Demand, Supply, Growth Factors 2027
The North America biodefense market is anticipated to reach US$ 3,357.83 Mn in 2027 from US$ 1,569.29 Mn in 2019. The market is projected to grow with a CAGR of 10.1% from 2020-2027.
Biodefense Market and Public Health Security
Public Health Security and Market Expansion: The North America biodefense market is witnessing robust growth, driven by the escalating threat posed by infectious diseases. Emerging diseases like SARS, MERS, Ebola, and the ongoing coronavirus pandemic have underscored the critical need for proactive and comprehensive biodefense measures. The public health impact of these outbreaks, with their potential to overwhelm healthcare systems and destabilize economies, is a key driver of market expansion. The sheer scale of these crises necessitates the development of advanced diagnostics, therapeutics, and vaccines, fueling significant investment in the sector. The urgency to protect populations from these threats is paramount.
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Government Investments and Technological Innovation: Government initiatives, including NIH-supported research, are crucial for driving technological innovation in the North America biodefense market. These investments support the development of cutting-edge diagnostics, novel therapeutics, and advanced vaccines, ensuring rapid and effective responses to biological threats. The agreement between Emergent BioSolutions and Vaxart, focused on an oral coronavirus vaccine candidate, highlights the industry's
commitment to developing innovative solutions. Public-private partnerships are essential for accelerating the pace of innovation and ensuring the timely deployment of countermeasures.
U.S. Market Leadership and National Security: The United States dominates the North America biodefense market, driven by its advanced economy, established biotechnology sector, and substantial government funding. The U.S. military and civilian agencies play a crucial role in ensuring national security by investing in biodefense capabilities. The North America biodefense market is a critical security sector, safeguarding the nation against biological threats. The US invests heavily in the North America biodefense market to maintain its strategic advantage. The North America biodefense market is vital to US stability and resilience in the face of emerging threats.
North America Biodefense Report Scope
Report Attribute Details
Market size in 2019 US$ 1,569.29 Million
Market Size by 2027 US$ 3,357.83 Million
Global CAGR (2020 - 2027) 10.1%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Product
Anthrax
Small pox
Botulism
Radiation/Nuclear
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
Bavarian Nordic
Alnylam Pharmaceuticals, Inc.
SIGA Technologies
Emergent BioSolutions Inc.
Cleveland Bio Labs
Dynavax Technologies
Elusys Therapeutics, Inc.
Soligenix
Altimmune
Pluristem Therapeutics
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