According to the report Middle East and Africa Preventive Vaccines Market, published by Market Data Forecast, the market is projected to reach USD 4.28 billion by 2021, at a CAGR of 12.07% from 2016 to 2021.
A vaccine is a biological preparation that provides active acquired immunity to a particular disease. A vaccine typically contains an agent that resembles a disease-causing microorganism and is often made from weakened or killed forms of the microbe, its toxins or one of its surface proteins.
A preventative vaccine is administered to a person who is free of the targeted infection. By introducing a part of the virus or an inactive virus (which acts like a decoy) into the body, the immune system reacts by producing antibodies. The vaccine Market is different from other product markets. Although it is relatively small compared to the pharmaceutical market, it has a tremendous growing opportunities and is growing at a faster rate. Major players of the market have already been investing heavily in the vaccine market and as many as 120 new vaccines are in the pipeline of these companies.
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Preventive Vaccines Market: Drivers & Restraints
The higher development rate of the market is ascribed to the drivers like, increment subsidizing from the legislature for antibody improvement, gigantic speculations by the multinational organizations in the R&D division of the preventive vaccines, technological advancements making it less demanding for new developments, activities by NGO’s. In any case, there are few hurdles that the market needs to conquer like high capital uses, stringent regulations by the government, high cost of treatment.
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Preventive Vaccines Market: Segmentation
By Vaccine Type
- Recombinant vector
By End User
- Paediatric Vaccines
- Adult Vaccines
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Preventive Vaccines Market: Overview
The Middle-East & Africa Preventive Vaccine market is valued at $2.42 Billion in 2015 and is predicted to reach $ 4.28 billion by 2020 at an annual growth rate of 12.07 %. Recently there has been a substantial growth in the vaccine market with the rising incidences of cancer & HIV cases. World Health Organization growth estimations indicate the market may increase in value to almost 54.5 billion 2020, with the arrival of new therapeutic preventive, and adult vaccines.
Preventive Vaccines Market: Region-wise Outlook
Geographically, market is segmented into Middle East. Middle East and Africa is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries, rapid adoption rate and increasing consumer awareness.
Key Questions Answered
Preventive Vaccines Market: Key Players
Some of the major companies dominating the market, by their products include GlaxoSmithKline, plc, Merck and Company, Bavarian Nordic, CSL Limited, Emergent BioSolutions Inc., Novartis AG, Johnson and Johnson, MedImmune, LLC, Pfizer, Inc., and Sanofi Pasteur.
Reasons to buy Preventive Vaccines Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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