According to Zion Market Research, the global adult vaccines market is anticipated to grow at a CAGR of 7.6% during the forecasted period (2020–2026). The vaccines are utilized to improve the immunity of the body and prevent diseases. The vaccines are classified into several types. Some of the key types include attenuated vaccines, inactivated vaccines, toxoid and conjugate. The inactivated vaccines are influenza, Cholera, hepatitis A, rabies, and polio. The key attenuated vaccines are mumps, measles, typhoid, and rubella.
Some of the leading players in the market are Sanofi Pasteur, GlaxoSmithKline, Novartis, Merck, BioCSL (Seqirus), Pfizer, and Protein Sciences.
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Surge In Initiatives By Administrative & Market Players To Boost The Global Adult Vaccines Market
The increasing number of administrative and non-administrative initiatives to create awareness regarding the significance of immunization and vaccination to prevent diseases, in return, is likely to boost the growth of the adult vaccines market. For example, during 2012, the WHO (World Health Organization) in partnership with NIAID (National Institute of Allergy & Infectious Diseases) and Bill & Melinda Gates Foundation launched the GVIRF (Global Vaccine and Immunization Research Forum) to carry out research on vaccine development. The key market players, mainly from budding economies are targeting developing new vaccines to serve to the increasing occurrence of diseases with high death rate. On the contrary, several key players in the market are more and more adopting tactics such as partnerships & collaborations related to research & development to reinforce their grip in the global market.
The global adult vaccines market is bifurcated on the basis of the product type, end-users/application, and regional analysis. Based on the product type, the market is divided into influenza, zoster shingles, cervical cancer, meningococcal, pneumococcal, MMRV, DTP, hepatitis, travel and miscellaneous. Based on the end-users/application, the market is divided into healthy, medical care, and hospital.
Europe And North America Expected To Witness Massive Growth In The Global Adult Vaccines Market
Based on the geographical analysis, the global adult vaccines market is divided into Europe, Asia Pacific, Latin America, North America, and Middle East & Africa. Europe and North America rule the global adult vaccines market, owing to advanced research infrastructure across these regions. The U.S. accounts for the major market for adult vaccines accompanied by Canada. In Europe, Germany and France hold the largest share of adult vaccines market. Nevertheless, the Asia region is likely to show higher growth rates in the future owing to surging awareness amongst people regarding preventable diseases. Many government associations have introduced various programs to elevate awareness among people toward diseases like DTP, influenza, measles and mumps, across Asia.
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The global adult vaccines market is segmented as follows:
By product type
- Healthcare Firms
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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