PUBLISHER: The Insight Partners | PRODUCT CODE: 1871436
PUBLISHER: The Insight Partners | PRODUCT CODE: 1871436
The therapeutic vaccines market in the Middle East and Africa (MEA) is projected to grow significantly, reaching approximately US$ 4,471.70 thousand by 2031, up from US$ 2,358.36 thousand in 2024, with a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031. This growth is primarily driven by heightened awareness of chronic and infectious diseases, including cancer, HIV, and hepatitis. Governments in the region are increasingly investing in healthcare infrastructure, while international collaborations are enhancing research and development efforts. However, challenges such as limited access to advanced medical technologies and high costs associated with vaccine development persist.
Countries like South Africa, Saudi Arabia, and the UAE are becoming central to this market due to their expanding biotech sectors and supportive health policies. The rising incidence of non-communicable diseases and a trend towards personalized medicine are also fueling demand for targeted immunotherapies. Although the MEA therapeutic vaccines market is still in its nascent stages compared to Western markets, it offers substantial long-term opportunities for stakeholders involved in the development and distribution of therapeutic vaccines, especially as regulatory frameworks and healthcare access improve.
Market Segmentation Analysis
The therapeutic vaccines market can be segmented by product, technology, and end user.
Market Outlook
The development of vaccines for emerging pathogens that could lead to pandemics is challenging with traditional technologies. Therefore, there is a pressing need for innovative platforms that can quickly respond to pandemic threats and adapt to emerging variants. New vaccine technologies, such as mRNA vaccines, immuno-material-based technologies, nano-drug delivery systems, and viral vector-based vaccines, are transforming the landscape of therapeutic vaccine development. The success of mRNA COVID-19 vaccines illustrates the potential of mRNA technology for therapeutic applications beyond infectious diseases, including cancer and chronic infections. These advanced platforms enable faster, more flexible, and scalable vaccine production, expediting the development of new therapeutic vaccines.
Research teams, such as those at the Wyss Institute at Harvard University, are pioneering novel vaccine platforms like OMNIVAX, which aims to create safe and effective therapeutic and prophylactic vaccines against various infections. OMNIVAX vaccines work by establishing a scaffold that attracts dendritic immune cells, programming them to target specific antigens, thus initiating a robust immune response.
Additionally, innovative nano-drug delivery systems are being developed to enhance the precision of cancer vaccines and improve the uptake of neoantigens by dendritic cells. These systems include lipid nanoparticles, bacteria-derived outer membrane vesicles, exosomes, and amphiphilic vaccines. The personalized dendritic cell-mimicking nanovaccine, known as the nanoDC vaccine, effectively delivers tumor-associated antigens and promotes immune cell maturation, enhancing the efficacy of cancer vaccines.
Next-generation platforms, such as mRNA and DNA-derived vaccines, are promising due to their cost-effectiveness, safety, high potency, and rapid deployment capabilities. These platforms are particularly relevant for combating complex pathogens with immune evasion capabilities and offer potential solutions for non-infectious diseases. The integration of advanced delivery systems to boost vaccine effectiveness and immune response further enhances the prospects of therapeutic vaccines, making them a significant trend in the market.
Country Insights
The MEA therapeutic vaccines market includes key countries such as Saudi Arabia, South Africa, the UAE, and others. Saudi Arabia is expected to hold the largest market share in 2024, driven by increasing healthcare demands due to the rising prevalence of chronic diseases and government support for biotechnology. According to GLOBOCAN 2020, Saudi Arabia reported approximately 27,885 new cancer cases, with projections indicating this number could rise to 60,429 by 2040. The country's healthcare system is recognizing the need for innovative treatments, including therapeutic vaccines, particularly for specific cancer indications.
As the population ages, with a significant increase in individuals over 60 expected by 2050, there will be a growing demand for healthcare solutions tailored to older adults, who are more susceptible to chronic diseases. The Saudi government's commitment to enhancing healthcare services for the elderly, along with increased healthcare spending, creates a favorable environment for the adoption of innovative vaccine therapies.
Company Profiles
Key players in the therapeutic vaccines market include CureVac SE, THERAVECTYS SA, Transgene SA, INOVIO Pharmaceuticals Inc, ISA Pharmaceuticals BV, Amgen Inc, Merck & Co Inc, Serum Institute of India Pvt. Ltd, BioNTech SE, and Dendreon. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative products.