Biodefense Market to Expand At An Appreciable Growth Rate Over 2021-2024

As a matter of fact, Canada biodefense market size was pegged at USD 349.3 million in the year 2017 and is projected to amass substantial revenue in the years ahead. Irrefutably, the regional growth is majorly driven by the surging number of initiatives undertaken by the government for taking preventive measures against bioterrorism attacks. Not to mention, the regional industry is also slated to gain traction from the escalating availability of technologically superior biodefense devices and high quality vaccines.

Research and development activities to boost the supply chain process of inhalation anthrax animal models and efficacy analysis of vaccines in rabbits will augur well for leading companies eyeing to boost biodefense market value. It is worth noting that inhalation anthrax is one of the most serious form which can kill quickly if not treated immediately.

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With zoonotic diseases such as anthrax being one of the major public health concerns in emerging economies, infusion of funds in anthrax vaccines has become more pronounced in the past several years. Biological agents such as anthrax are seen as a viable weapon for bioterrorism as they are easily found in nature and can be released quietly.

Infusion of funds towards the development of anthrax vaccines will muster up confidence of leading players vying to expand their penetration. With the rise in the number of people being exposed to the bacteria which causes anthrax, anthrax vaccination will gain grounds in the ensuing period.

The increasing military medical operations & the surging number of attacks involving biological weapons worldwide have indeed fueled biodefense market trends in the recent years. The key purpose of biodefense is to enhance the nation’s ability to secure itself against bioterrorism, which it does so, through the prevention of the development and usage of bio weapons. Escalating adoption of this product across the globe will heavily stimulate biodefense industry share. The growth will also be aided by the emergence of IoT and sensors technology, as sensors are designed to provide an early warning of attacks.

Most of the countries are investing heavily to produce effective antibiotics on large scale to prevent attack of bio threat agents. To identify these agents, biodefense market giants are shifting their focus toward the implementation of accurate analytics instruments, precise procedures, and effective test results, which will favorably contribute to the industry growth.

Current trends suggest increased traction towards biothreat detection devices given the surge in technological advances to provide seamless service to the end-users. Early detection of bioagents will remain instrumental in protection, prevention, prophylaxis, mitigation and post-exposure treatment.

Use of immunological assays such as immunochromatographic test (ICT) such as real-time RT-PCR, polymerase chain reaction (PCR), and next-generation sequencing (NGS) technology has accentuated growth in biodefense market. Accordingly, traction for biothreat detection devices, including assays and reagents and detectors will boost confidence of the stakeholders.

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Partial Chapter of the Table of Content

Chapter 4. Biodefense Market, By Product

4.1. Key segment trends

4.2. Vaccines

4.2.1.  Market size, by region, 2013-2024 (USD Million)

4.2.2.  Anthrax

4.2.2.1.    Market size, by region, 2013-2024 (USD Million)

4.2.3.  Smallpox

4.2.3.1.    Market size, by region, 2013-2024 (USD Million)

4.2.4.  Botulism

4.2.4.1.    Market size, by region, 2013-2024 (USD Million)

4.2.5.  Others

4.2.5.1.    Market size, by region, 2013-2024 (USD Million)

4.3. Biothreat detection devices

4.3.1.  Market size, by region, 2013-2024 (USD Million)

4.3.2.  Samplers

4.3.2.1.    Biodefense Market size, by region, 2013-2024 (USD Million)

4.3.3.  Detectors/triggering devices

4.3.3.1.    Market size, by region, 2013-2024 (USD Million)

4.3.4.  Identifiers

4.3.4.1.    Market size, by region, 2013-2024 (USD Million)

4.3.5.  Assays and reagents

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