What is Virus Like Particles Market?
Virus like particles are molecules that mimic viruses but are not infectious. It is used to create vaccines against diseases such as human papillomavirus (HPV), malaria, hepatitis B, and more. VLP vaccines are being used more often due to their increased safety and ability to trigger strong immune responses, and their ability to be made on a large scale and their potential for being used in inhaled vaccinations over injected vaccinations is an attractive advantage of the vaccine.
The market study is being classified by Type (Adeno-Associated Virus, HIV, Hepatitis B Virus, Hepatitis C Virus and Others), by Application (Vaccines, Mycoviruses, Virus Research, Therapeutic and Imaging Agents and Others) and major geographies with country level break-up.
GlaxoSmithKline (United Kingdom), Merck & Co., Inc (United States), Novavax (United States), Takeda (Japan), Medicago Inc. (Canada), MedImmune, LLC (United States), TechnoVax (United States), Agilvax (United States), Allergy Therapeutics (United Kingdom), Serum Institute of India (India) and GeoVax Labs (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cytos Biotechnology (Switzerland) and Xiamen Innovax Biotech (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Virus Like Particles market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Virus Like Particles market by Type, Application and Region.
On the basis of geography, the market of Virus Like Particles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Prevalence of Infectious Diseases
- Improving Healthcare Infrastructure in Developing Countries
Market Trend
- Expansion of Customized Vaccines
Restraints
- Side Effects of Virus-Like Particles Vaccination include Pain, Swelling, or etc.
Opportunities
- Rising Investments towards the Research and Development for More Effective Vaccines
- Growth in Emerging Market
Challenges
- High Cost Associated with the Development of a Vaccine
Market Leaders and some development strategies
In Nov 2020, Medicago and GSK are pleased to announce the start of Phase 2/3 clinical trials of its plant-derived vaccine candidate for COVID-19 to evaluate its efficacy, safety, and immunogenicity. Based on the positive Phase 1 results, Medicago has decided to launch the Phase 2/3 clinical trial with GSK’s pandemic adjuvant. The Coronavirus-Like Particle COVID-19 vaccine candidate (CoVLP) is composed of recombinant spike (S) glycoprotein expressed as virus-like particles (VLPs).
In Sept 2020, Allergy Therapeutics plc announces further investment in virus-like particle (VLP) technology for applications beyond the allergy immunotherapy field. Allergy Therapeutics (the Group) entered into an exclusive license agreement with Saiba AG and DeepVax GmbH to use their patented VLP technology platform to develop and commercialize vaccines targeting solid cancer tumors, atopic dermatitis, asthma, and psoriasis.
Key Target Audience
Virus-Like Particles Manufacturer, Virus Like Particles Suppliers/Distributors, Raw Material Suppliers, Pharmaceutical Industry, Potential Investors and Research and Development Firm