MRFR Reports Provides Prominent Analysis of Global Vaccine Conjugate Market report by geographical overview, major products, applications, and key players. The report utilizes historical trends of the Global Vaccine Conjugate Market and present statistics to derive.
Global Vaccine Conjugate Market – Overview
Vaccine conjugate are poor antigens which are utilized to improve the immunological response in the body. Bacteria are coated with polysaccharides and human body makes antibodies against these polysaccharides. Vaccines conjugate include a small part of these polysaccharides to enhance the immune response against the polysaccharide. The first glycoconjugate vaccine was licensed in the USA in 1987 for Haemophilus influenzae type b (Hib). The market is forecasted to demonstrate a rapid growth by 2027, global vaccine conjugate market is expected to grow at a CAGR of 12.2 % during forecasted period.
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However, long time interval between the introduction of new conjugate vaccines and low availability to vaccines in remote areas is likely to hamper the market growth.
GlaxoSmithKline plc.(U.K), Merck & Co., Inc.(U.S), Fablife. (India), SutroVax Inc.(U.S), Sanofi Pasteur SA.(France), Pfizer (U.S), Sinovac Biotech Ltd. (China), Bharat Biotech (India), Abcombi Biosciences (United states), CSL Behring (United states), Nuron Biotech, Novartis AG, Biological E and Serum Institute of India Pvt. Ltd.(India) are some of the prominent players at the forefront of competition in the Global Vaccine conjugate Market and are profiled in MRFR Analysis.
The global vaccine conjugates market is segmented based on type, disease indication, pathogen type, patient stage, and end-user.
Based on type, the global vaccine conjugates market can be segmented into monovalent conjugate vaccines and multivalent conjugate vaccines.
Based on disease indication, the global vaccine conjugates market can be segmented into pneumococcal, influenza, DTP, meningococcal, and others.
Based on pathogen type, the global vaccine conjugates market can be segmented into bacterial conjugate vaccine, viral conjugate vaccine, and combination (viral and bacterial).
Based on patient stage, the global vaccine conjugates market can be segmented into pediatrics conjugate vaccine and adults conjugate vaccine.
Based on end-user, the global vaccine conjugates market can be segmented into research institutes, academic institutes, pharmaceutical industries, and others.
The global vaccine conjugates market consists of four regions, namely, America, Europe, Asia-Pacific, and the Middle East and Africa.
The Americas are likely to dominate the global conjugate vaccine market owing to the rising prevalence of infectious diseases, increase in awareness about vaccination, and technological advancement and government initiatives for vaccination programs.
According to the Centers for Disease Control (CDC) vaccination is the most effective medium to prevent disease and it reduced the impact of various life threating diseases. In the year 2016, more than 90% of the US population was vaccinated for Diphtheria, influenza, measles, mumps, rubella, and hepatitis A and B.
Extensive research and development activities in the field of biotechnology and vaccine conjugates in European countries favor the demand of the vaccine conjugates technology market in the European region. The European market is also growing continuously and slowly catching up with the American market soon. With the demand for genetically modified organisms, the European market for vaccine conjugates is a growing market with huge potential.
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The market in Asia-Pacific is expected to show steady growth in vaccine conjugates during the forecast period. Increasing aging population and prevalence of infectious diseases favor the growth of this market in the Asia-Pacific region, especially, in countries such as Singapore, Japan, and China which offer immense growth opportunities to vaccine conjugates providers in the recent years. Medical institutes in Asia-Pacific are mainly focused on the use of vaccine conjugates education and research activities. Thereby, the overall market is expected to experience sustained growth during the forecast period.
The Middle East and Africa consists of countries, namely, the United Arab Emirates, Saudi Arabia, Turkey, and the Rest of the Middle East and Africa. The demand for vaccine conjugates is found to be low as compared to other regions.
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