Vaccines stimulate the body’s immune system to create antibodies. This is exactly like the same case where if an individual is exposed to the disease. After an individual gets vaccinated, he/she develops immunity to the said disease with no risk of getting fatter again. Vaccines are advised to the teenagers, children, adults, depending on different factors including lifestyle, travel, jobs, health conditions, age, and others. The medical experts keep updating the vaccine recommendations annually, depending on the recent study and science. Vaccination is vital and young children, teenagers, as well as for adults in defending those that are most susceptible to illnesses, the people who have less immunity power in the young children and the infants, the geriatric population and also those individuals who are suffering from chronic diseases and have weak immune systems.
Vaccines market is expected to be valued at US$ 36,297.2 Million in 2019 and is anticipated to grow at a CAGR of 6.0% from 2019 to 2030.
The growth of the vaccines market can be attributed to factors such as rising incidences of infectious diseases, namely malaria, ebola and influenza among others. Moreover, growing immunization drives worldwide conducted by several government and non-government establishments to spread awareness about diseases have been vital in contributing to the extensive growth if this market. Similarly, market players in association with various universities are conducting research to develop vaccine. For instance in September 2018, Johnson & Johnson announced the collaboration between Coalition for Epidemic Preparedness Innovations (CEPI) & Jenner Institute, University of Oxford and Janssen Vaccines & Prevention B.V., part of the Janssen Pharmaceutical Companies of Johnson & Johnson. The collaboration was aimed to develop and manufacture vaccines against Middle East Respiratory Syndrome Coronavirus (MERS-CoV). However, high developmental costs and requirement of specialized monitoring devices and equipment which further incurs costs is anticipate to impede the growth of the market in the coming years.
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The prominent players in the global vaccines market are:
Pfizer Inc., GlaxoSmithKline plc., Merck & Co., Inc., Sanofi Pasteur Limited (Sanofi), AstraZeneca, CSL Limited, Bavarian Nordic, Panacea Biotec Limited, PT Bio Farma (Persero) and Serum Institute of India Pvt. Ltd. among others
Rising prevalence and incidences of infectious diseases have been a major factor contributing to the extensive adoption of vaccines worldwide. Infectious diseases, more often considered to be a global crisis, is estimated to kill 17 million people every year. It is further estimated that nearly 50,000 women, men and children die every day of infectious disease which otherwise could be cured or prevented. Increasing burden of these diseases significantly affects the socioeconomic development of nations by crippling the prospects of better future. Moreover, emergence of drug-resistant microbial strains have extensively impacted the fight against infectious diseases, namely diarrhea, malaria, cholera and pneumonia among others. The need for new drugs to replace those which have lost their effectiveness have triggered the necessity of discovering novel cures. Research and development of advanced vaccines is one such prospect which has received immense support from government and non-government foundations in the recent years. Increasing funding, favorable government regulations and the regularly increasing number of immunization drives is anticipated to contribute to the global vaccines market in the coming years.
Major Types of Vaccines Market covered are:
- Hepatitis
- DT containing (including Polio)
- Pneumococcal Conjugate Vaccine (PCV)
- Meningococcal
- Human Papillomavirus (HPV)
- Rotavirus
- Influenza
- Measles
- Mumps
- Rubella
- Varicella
- BCG
- Cholera
- IPV (Inactivated Polio Vaccine)
- OPV (Oral Poliovirus Vaccines)
- JE (Japanese Encephalitis)
- YF (Yellow Fever)
- Shingles
- Typhoid, Rabies
However, vaccine development is cost intensive & cumbersome procedure, also vaccine requires strict storage & handling guidelines that are major factors inversely affecting the prosperous growth of the market. Moreover, complexity of vaccine products, marketing approval procedures, and high cost of development among others, are known to affect the growth of the global vaccine market to a certain extent. For instance, high investment of capital in equipment, property, and high manufacturing costs as compared to conventional generic drugs coupled with complexity in manufacturing processes, are few factors limiting the growth of the global vaccines market. Similarly, strict guidelines for packaging, storing, handling and transportation of vaccine products are few factors which are likely to restrain the prosperous growth of this market.
Research objectives:-
- To study and analyze the global Vaccines consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Vaccines market by identifying its various sub-segments.
- Focuses on the key global Vaccines manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Vaccines with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Vaccines Market Size
2.2 Vaccines Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Vaccines Market Size by Manufacturers
3.2 Vaccines Key Players Head office and Area Served
3.3 Key Players Vaccines Product/Solution/Service
3.4 Date of Enter into Vaccines Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Vaccines Sales by Product
4.2 Global Vaccines Revenue by Product
4.3 Vaccines Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Vaccines Breakdown Data by End User
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