PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1371897
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1371897
According to Stratistics MRC, the Global Biodefense Market is accounted for $16.2 billion in 2023 and is expected to reach $26.1 billion by 2030 growing at a CAGR of 7.0% during the forecast period. A system of precautions and responses put in place to guard against and address biological threats, notably those posed by biological weapons, bioterrorism, and naturally occurring infectious diseases, is referred to as "biodefense," which is short for "biological defense." The term "biodefense" refers to a broad range of initiatives, regulations, and procedures designed to protect human health, national security, and international peace and security. The goal of biodefense is to defend against dangers posed by biological agents, such as bacteria, viruses, poisons, and other microorganisms that can harm people, animals, or plants.
According to Federal Research and Development (R&D) Funding, the Department of Defense (39.3%) and the Department of Health and Human Services (27.3%) got 96.3% of the total funding obtained by eight federal agencies during the 2017 fiscal year.
The building of a competent biodefense system as well as the preservation of human health both largely rely on new technology development. The on-going increase in clinical trials and increased R&D spending are two major factors fuelling the growth of the biodefense industry. For instance, a partnership agreement between Emergent Bio Solutions and the US government was signed in April 2020. The goal of this agreement was to make it easier to develop a plasma-derived treatment for COVID-19 patients. Additionally, Biomedical Advanced Research and Development Authority (BARDA), a section of the Office of the Assistant Secretary for Preparedness and Response (ASPR) at the U.S. Department of Health & Human Services (HHS), awarded Emergent USD to support its COVID-HIG program, one of two hyper immune development programs that Emergent announced. Hence all the initiatives on developing structured regulations and new molecules are driving the market.
In the subject of biodefense, which comprises attempts to safeguard public health, national security, and global stability against biological threats, such as bioterrorism and new infectious illnesses, ethical issues are of utmost importance. Policies, practices, and research in biodefense are guided by these ethical considerations, which seek to strike a balance between the requirement for readiness and morally righteous behaviour. Numerous biodefense research projects have the potential for dual use, which means they could be employed for both harmful and legitimately scientific objectives hinder the market.
Governments in industrialized countries take a number of actions and implement precautionary measures to be prepared to withstand these attacks. To safeguard the public, the government regularly maintains stocks of vaccines and tools for identifying biothreats. This is attributed to significant federal funding, technological advancements, and growing public awareness. The fact that major businesses are present here is also encouraging for the sector in the event of biological epidemics, the strategy aims to improve emergency response capabilities, stimulate and promote biomedical innovation, and locate and neutralize biothreats at their source. The regional biodefense market is being stimulated by these governmental actions.
A sophisticated biodefense system, which includes research, development, stockpiling of medical countermeasures, and readiness measures, is costly to build and sustain. Programs for biodefense funding frequently face competition from healthcare and national security concerns. Moreover, dealing with a variety of biological threats and agents is part of biodefense. Creating defences against these many chemicals demands a high level of scientific and technical knowledge.
The COVID-19 has a big effect on the entire healthcare sector. According to an article from disaster medicine public health emergency from May 2022, the appearance of the COVID-19 pandemic has had a significant influence on people's lives as well as the stability of the economy and society. The study showed that there was a lack of testing and surveillance during the pandemic outbreak, which resulted in a widespread problem throughout the entire healthcare system. Bio threats are expected to remain challenging and significant risks to the United States and its international interests. COVID-19 consequently had an impact on the biodefense sector.
The anthrax segment is estimated to have a lucrative growth, because bacillus anthracis gram-positive, rod-shaped bacteria, is the source of the deadly infectious illness anthrax. Animals both domestic and wild are frequently impacted worldwide by this natural occurrence in soil. If people come into contact with diseased animals or contaminated animal products, they could become ill with anthrax. Raising awareness and ensuring that people and healthcare professionals understand the symptoms of anthrax and react correctly in the case of an outbreak or a bioterrorism incident are essential goals of public education programs are enhancing the biodefense market.
The assays segment is anticipated to witness the highest CAGR growth during the forecast period, as these are used to find, describe, and characterize biological agents and pathogens that could endanger the environment, national security, or public health, biodefense assays are specialized testing and analytical techniques. These tests are essential for monitoring, getting ready for, and responding to biological threats like bioterrorism and newly developing infectious illnesses. Mass spectrometry, flow cytometry, polymerase chain reaction (PCR), enzyme-linked immunosorbent assay (ELISA), and immunofluorescence these are a few assays that are used to identify hazards.
North America is projected to hold the largest market share during the forecast period owing to increased government initiatives and research and development in field studies are the main growth drivers of the biodefense market in North America. For instance, 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, according to the 2021 report from the National Association of County and City Health Officials. Moreover, The NBS and National Security Presidential Memorandum 14 also established a leadership structure and strategy to coordinate the full range of biodefense actions carried out across the U.S. Government in order to protect the American people from biological threats is driving the regions market growth.
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to rising R&D spending, and the growing importance of biodefense and the threat posed by dangerous biological materials that cause emergencies. Due to the presence of established facilities for the development of vaccines, Australia and Japan have two of the most developed biodefense industries in the Asia Pacific region. To prepare for future biological dangers, nations like China and India are aggressively enhancing their R&D capacities. These are the contributing factors which are propelling the biodefense market in this region.
Some of the key players profiled in the Biodefense Market include: Siga Technologies Inc., Emergent BioSolutions Inc., Ichor Medical Systems, National Resilience, Inc., Bavarian Nordic, Dynavax Technologies, Nighthawk Biosciences, Inc., XOMA Corporation Dynport Vaccine Company, Cleveland Biolabs, Ology Bioservices, Alnylam Pharmaceuticals Inc., XOMA Corporation, Altimmune Inc., Biosearch Technologies and Bruker Detection
In August 2023, Emergent BioSolutions Announces Strategic Steps to Strengthen Core Business and Financial Position. Additionally, Emergent will reduce operations at its facility in Canton, Massachusetts, in response to changes in the volume of U.S. government procurements of medical countermeasures.
In July 2023, SIGA Technologies, Inc. a announced that the U.S. Department of Health and Human Services exercised procurement options for the delivery of approximately $113 million worth of oral TPOXX® treatment courses and approximately $25 million worth of IV TPOXX® treatment courses.
In July 2023, Emergent BioSolutions Inc. announced that the U.S. Food and Drug Administration (FDA) has approved CYFENDUS™ (Anthrax Vaccine Adsorbed, Adjuvanted), previously known as AV7909, for post-exposure prophylaxis of disease.