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What are the growth projections for the anthrasil market from 2024 to 2029?
The anthrasil market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to rising awareness of bioterrorism threats, emergence of new anthrax cases, increasing military preparedness initiatives, increasing veterinary health awareness, and increasing incidence of anthrax in livestock.
The anthrasil market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to growing incidence of anthrax infections, increasing veterinary vaccination initiatives, rising global trade in biologics, increasing focus on public health preparedness, and increasing awareness and education efforts. Major trends in the forecast period include advancements in vaccine delivery systems, enhanced stability formulations, integration of advanced analytics, improved monitoring and surveillance systems, collaboration with biotech firms.
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What strategic initiatives by market players are driving anthrasil industry growth?
An increasing prevalence of anthrax infections is expected to propel the growth of the anthrasil market going forward. Anthrax infections are caused by the bacterium Bacillus anthracis and can occur through skin contact, inhalation, or ingestion, leading to severe symptoms that vary based on the route of exposure. The rising prevalence of anthrax infections can be attributed to factors such as increased exposure to infected animals, inadequate veterinary supervision, and socio-economic challenges that hinder effective disease management and prevention. The growing incidence of anthrax infections results in more frequent use of anthrasil, as additional cases necessitate effective treatments to provide immediate passive immunity and improve survival rates. For instance, in December 2023, according to report published by World Health Organization (WHO), a Switzerland-based health authority, suspected anthrax cases in Zambia rose from 42 between September 2022 and January 2023 to 684 by November 20, 2023, including four deaths (0.6% CFR), across 44 districts in nine of the country’s ten provinces. Therefore, increasing prevalence of anthrax infections is driving the anthrasil market.
What emerging segments are shaping the future landscape of the anthrasil industry?
The anthrasil market covered in this report is segmented –
1) By Type: 60U; 100U
2) By Clinical Indication: Inhalational Anthrax; Anthrax Toxin Neutralization; Severe or Systemic Anthrax Infections; Prevention of Disease Progression in At-Risk Populations; Post-Exposure Prophylaxis (PEP)
3) By End-User: Hospital Pharmacy; Retail Pharmacy; Other End-Users
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Which sustainability trends are emerging in the anthrasil market?
The key trend in the anthrasil market is focusing on innovative vaccine development processes such as cell-free filtrate technology to enhance efficacy, improve safety profiles, and meet emerging bioterrorism threats. Cell-free filtrate technology uses non-living components from an avirulent strain of Bacillus anthracis to reduce the risk of adverse reactions while still effectively stimulating the immune system. For instance, in July 2023, Emergent BioSolutions Inc., a US-based biopharmaceutical company that focuses on developing vaccines and antibody therapeutics for infectious diseases, received U.S. Food and Drug Administration (FDA) approval for CYFENDUS (Anthrax Vaccine Adsorbed, Adjuvanted), which represents a significant advancement in anthrax vaccination efforts. CYFENDUS incorporates an adjuvant known as CPG7909, which enhances the immune response, potentially leading to more robust and rapid antibody production against Bacillus anthracis. The vaccine is made from cell-free filtrates of an avirulent strain of B. anthracis, ensuring that it contains no live or dead bacteria, which may reduce the risk of adverse reactions compared to traditional vaccines that contain whole organisms.
How are key players in the anthrasil market strengthening their market position?
Major companies operating in the anthrasil market include Emergent BioSolutions Inc.
Which geographic areas are contributing significantly to the growth of the anthrasil sector?
North America was the largest region in the Anthrasil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anthrasil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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