Europe biodefense market set to reach $6.3 billion by 2028

14 November 2022

The Europe biodefense market size is projected to reach a valuation $6.3 billion by 2028, according to a recent study from market research firm Graphical Research.

The rising prevalence of infectious diseases is driving Europe biodefense market growth. Since the World Health Organization (WHO) labeled the COVID-19 outbreak a pandemic in March 2020, the virus has caused more than 2.5 million deaths worldwide, as per news-medical.net.

Not just that, over the last two decades, several diseases such as swine flu, bird flu, and other viral diseases have become localized pandemics. Even seasonal flus have become more severe during the previous two decades. As a result, bio attenuation is necessary not just for COVID-19 protection, but also for general viral protection over the next five to 10 years.

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