Market Trends of Global Biodefense Industry
This section covers the major market trends shaping the Biodefense Market according to our research experts:
Anthrax Product Segment Expected to Witness Healthy Growth Over the Forecast Period
Anthrax is a serious infectious disease caused by gram-positive, rod-shaped bacteria known as Bacillus anthracis. It occurs naturally in soil and commonly affects domestic and wild animals around the world. People can get sick with anthrax if they encounter infected animals or contaminated animal products.
The anthrax product segment is fueled by factors such as the increased outbreak of anthrax in the human population, favorable government initiatives, and research and development collaboration in the studied fields. For instance, as per the European Centre for Disease Prevention and Control (ECDC) Communicable Disease Threat Report, in July 2022, as per the media reported 15 human cases of cutaneous anthrax were linked to an anthrax outbreak in cattle in Sisak-Moslavina County following heavy rain in the area. Furthermore, in July 2022, the Croatian Ministry of Agriculture issued an order containing measures to prevent the emergence and spread of anthrax in the affected area, for instance, closure of affected areas, vaccination of animals, and additional prevention measures relating to humans.
The presence of competitors, mergers, acquisitions, product launches, and R&D initiatives boost the market growth. For instance, InBios International, Inc. conducted a clinical trial in 2020 under the title 'Evaluation of the Clinical Specificity of the Active Anthrax Detect Plus (AAD Plus) Lateral Flow Immunoassay (LFI),' with the objective of the study is to determine the estimated clinical specificity of the AAD Plus. Moreover, strategic activities by market players, such as mergers and acquisitions, are expected to propel the growth of the market. For instance, in April 2022, Heat Biologics, Inc. announced the completion of its acquisition of Elusys Therapeutics, Inc., a commercial-stage biodefense firm and developer of the anthrax therapy ANTHIM (obiltoxaximab). ANTHIM is approved for use in the United States and Canada, as well as in Europe and the United Kingdom, under the brand name Obiltoxaximab SFL.
Hence, as per the facts mentioned above, the anthrax products segment is likely to boost market growth over the forecast period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
The primary growth driver of the biodefence market in North America is increased research and development in field studies and increasing government initiatives. For instance, as per the 2021 report from the National Association of County and City Health Officials, to address biological threats, the National Health Security Strategy (NHSS) and National Biodefense Strategy (NBS) focused on advancing the United States health security enterprise through prevention, preparedness, response, recovery, and mitigation efforts to combat infectious disease and biological threats. Furthermore, to safeguard the American people from biological threats, the NBS and National Security Presidential Memorandum 14 (NSPM-14) established a leadership structure and strategy to coordinate the complete range of biodefense efforts carried out across the U.S. Government. Together, the strategy and the memoranda produced a method for the first time of identifying and connecting gaps in the annual budget process.
Additionally, as per the immediate release in August 2022 from the U.S. Department of Health & Human Services, The U.S. Department of Health and Human Services (HHS) has facilitated an agreement between Bavarian Nordic and Grand River Aseptic Manufacturing (GRAM), a Michigan-based pharmaceutical contract manufacturer, to establish the first fill and finish line for the JYNNEOS vaccine in the U.S, a vaccine indicated for the prevention of smallpox and monkeypox disease. Furthermore, as per the news published in May 2022, Public Services and Procurement Canada issued a tender to purchase 500,000 doses of the Imvamune smallpox vaccine on behalf of the Public Health Agency of Canada from 2023 to 2028.
As per the factors mentioned above, North America is expected to register a high growth rate for the studied market over the forecast period.
