Infectious vaccines market is expected to witness a growth of over 12% CAGR over the forecast period owing to growing prevalence of chronic diseases such as HIV, Cancer, diabetes and Alzheimer. Rising consumer awareness regarding health coupled with rising disposable income is expected to propel demand for infectious vaccines over the next seven years. Furthermore, increasing government activities to control epidemic diseases such as polio, camp fever, and swine flu is projected to have impact market growth significantly over the next seven years. Growing awareness regarding harmful effects, symptoms, and causes coupled with easy accessibility of drugs is likely to drive the market growth.
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Rising investment by pharmaceutical companies in R&D endeavors, growing number of hospitals and healthcare institutions are anticipated to fuel the market growth substantially by 2022. Moreover, increasing funding and campaigning offered by non-government institutes is expected raise popularity of vaccines, which in turn is supposed to propel demand. Macro indicators such as growing economic development and rising per capita income in developing economies including China, India, and Brazil are also expected to boost the market growth over the forecast period. However, growing stringent regulatory procedures in production & distribution and increasing cost are projected to hinder the market growth slightly over the forecast period. The lack of awareness and accessibility of few of the vaccines such as HPV, MMR, and hepatitis E are also anticipated to challenge the market growth by over the forecast period.
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A vaccine is a medical product primarily designed to stimulate antibodies against an infectious disease which help to improve the immunity of the target body. There are different types of vaccines available in the industry such as attenuated, inactivated, subunit, toxoid, conjugate, and recombinant vector. Live, attenuated type of vaccine contains active agents which are used to prevent various including measles, yellow fever, mumps, and rubella. Whereas, inactivate type contains micro-organisms that get killed in the chemical reaction, radiation, or heat. These vaccines are primarily used to fight against diseases such as cholera, influenza, polio, bubonic plague, rabies, and hepatitis. The Recombinant vector type is majorly similar to DNA type which uses an attenuated bacterium or virus to fight against diseases such as HIV, measles and rabies.
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