The biothrax market size has witnessed substantial growth in recent years, growing from $860 million in 2024 to an expected $930 million in 2025 at a compound annual growth rate (CAGR) of 8.9%. This growth is due to bioterrorism events, military and defense sector requirements, FDA approval for pre- and post-exposure use of BioThrax, stockpiling for public health emergencies, and scientific breakthroughs in vaccine formulation.
Furthermore, the biothrax market is projected to maintain robust growth in the coming years, reaching $1.3 billion by 2029 at an 8.6% CAGR. Increased government defense spending, expansion of global biodefense programs, advancements in vaccine technology, and growing public health preparedness initiatives are attributing to this projected growth.
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What is Driving the Growth of the Biothrax Market?
The increasing consumption of meat is a significant factor propelling the growth of the biothrax market. BioThrax is used to vaccinate livestock against anthrax, ensuring the safety of meat products and protecting public health from zoonotic disease outbreaks. According to a 2023 Food and Agriculture Organization report, global meat production rose by 1.96%, with global bovine meat production increasing as well. Therefore, these increases in meat consumption are driving the growth of the biothrax market.
Which are the Major Segments of the Biothrax Market?
The biothrax market can be segmented as follows:
1) By Type: Live Vaccines; Cell Free Protective Antigen Vaccines
2) By Clinical Indication: Pre-Exposure Prophylaxis; Post-Exposure Prophylaxis
3) By Application: Human Use; Animal Use
4) By End-User: Hospital; Clinics; Vaccination Centers; Other End-Users
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Who are the Major Players in the Biothrax Market?
Emergent Bio-Solutions is a major company operating in the biothrax market.
What Trends are Emerging in the Biothrax Market?
Emergent trends in the biothrax market include strategic investments to enhance production capabilities, expand geographic presence, and develop advanced anthrax vaccines. For instance, in January 2024, Emergent BioSolutions was awarded a contract worth up to $235.8 million by the U.S. Department of Defense (DoD) to supply BioThrax for military use.
Which Regions are the Fastest Growing in the Biothrax Market?
In 2024, North America was the largest region in the biothrax market. However, Asia-Pacific is expected to be the fastest-growing region in the forecasted period.
What Does The Biothrax Global Market Report 2025 Offer?
Biothrax is a vaccine designed to protect against anthrax, a serious and potentially fatal illness caused by the bacterium Bacillus anthracis. The vaccine works by stimulating the immune system to produce antibodies against anthrax toxins, which can be deadly if exposure occurs, especially in cases of bioterrorism.
The Biothrax Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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