The Asia Pacific Biodefense Market would witness market growth of 7% CAGR during the forecast period (2020-2026). Biodefense is considered as the steps taken to re-establish the biosecurity of a group of organisms that are confronting biological threats or infectious diseases. It refers to an efficient public health care system with robust disease surveillance and quick actions designed to manage biological threats, to prevent the spread of disease, and offer medical care. The rising threat of biological weapons & nuclear-armed ICBM, supportive governmental initiatives, and expansion in the naturally occurring outbreaks, are leading factors pushing the market growth. Although, low investment in R&D by the government in emerging and underdeveloped countries, is anticipated to hamper the development of the biodefense market during the forecast years.
The advancements in technology have encouraged the innovation of advanced biosensor technology that is able to check both pathogens and benign microorganisms. In addition, various agencies are striving to create multifunctional sensors. Biotechnology provides an opportunity for the development of efficient countermeasures to biological weapons. Development and manufacturing of vaccines are of utmost importance from a biosecurity outlook.
The biodefense market will witness developmental possibilities if the government undertakes constant preventive steps to ensure the safety of the population and the economy. As the governments invest in these current and future policy initiatives, the companies operating in the market will witness a significant push in their revenue streams, by understanding the existing biosecurity and biodefense policy.
Based on Product, the market is segmented into Anthrax, Smallpox, Botulism, Radiation/nuclear, and Other Products. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Biodefense Market in Asia Pacific is expected to register a CAGR of 7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Xoma Corporation, Altimmune, Inc., Emergent BioSolutions, Inc., Dynavax Technologies Corporation, SIGA Technologies, Inc., Elusys Therapeutics, Inc., Ichor Holdings, Ltd., Cleveland BioLabs, Inc., Bavarian Nordic A/S and Alnylam Pharmaceuticals, Inc.
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