Acumen Research and Consulting, a global provider of market research studies, has recently published a report titled “Encephalitis Vaccines Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2021 – 2030” offers a detailed insight on the market entailing insights on its different market segments.
Encephalitis is an inflammation of the brain tissue. There are two main types of encephalitis: primary and secondary. Primary encephalitis occurs when a virus directly infects the brain and spinal cord. Secondary encephalitis occurs when an infection starts elsewhere in the body and then travels to your brain
Rise in number of patient in hospitals suffering from chronic infections such as tick-borne encephalitis and rabies encephalitis and increasing investment by major players for the development of new drugs are major factors expected to drive the growth of the global encephalitis vaccines market. There is increase in patients suffering from encephalitis. According to a UNICEF report, globally, Japanese Encephalitis causes an estimated 70,000 cases and 20,400 deaths per year and has a case fatality rate of between 20-30%. It is the leading cause of viral encephalitis in Asia and the Western Pacific.
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The important factor to the development of the market is the high mortality and dreariness rate caused because of the rate of encephalitis infection. Besides, expanding government drives for immunization programs is boosting the market. For example, According to the Center for Vaccine Innovation and Access, the Japanese encephalitis(JE) immunization program of India has been an enormous achievement. As of mid-2018, inclusion of routine JE vaccination in the areas with the immunization is assessed at 65%. Since 2006, around 156 million Indian kids have been immunized against JE, and India proceeds to self-store the immunization program utilizing the moderate CD-JEV antibody. An extra 38 areas have joined to lead JE immunization crusades in 2018 and 2019. Be that as it may, the symptoms of the antibody and the difficulties of the immunization requirements the market development.
Encephalitis Vaccines Market Segment Analysis, 2019
The global encephalitis vaccines market is segmented into vaccination type, type of indications, and end use. The vaccination type segment is bifurcated into mouse brain-derived, inactivated vaccine, cell culture-derived, inactivated vaccine, and cell culture-derived, live attenuated vaccine. Among vaccination type the cell culture-derived inactivated vaccine segment is expected to account for a noticeable revenue share in the global encephalitis vaccines market. The end use segment is divided into child and adult and among end use the child segment is expected to witness faster growth in target market. The players profiled in the report are Valneva SE., Bharat Biotech, BIKEN, China National Pharmaceutical Group, Liaoning Cheng Bio Co., Ltd., GlaxoSmithKline Plc, Sanofi Pasteur, Tiantan Biological Product, and Zhejiang Tianyuan Bio-Pharmaceutical.
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The Japanese encephalitis immunization is assessed to develop at a huge rate over the gauge time frame. As per WHO, the assessed yearly number of clinical instances of JE are around 68000 universally consistently. Besides, the public authority drives for the JE immunization programs is further boosting the fragment. Administrations of China and India concocted public inoculation designs that do mass immunizations. In 2014, inoculation against Japanese encephalitis was added to India’s Universal Immunization Program, which brought about a critical acquisition of inoculation dosages from that point forward. Such drives are acquiring inescapability in other Asian nations like Thailand, Malaysia, and the Philippines. The showcasing is seeing solid interest for JE antibodies because of routine inoculation. In this way, the consideration of inoculation against Japanese encephalitis in public vaccination plans will go about as one of the critical development drivers for the Japanese encephalitis immunization fragment during the estimate time frame.
Segment Analysis by Region
The market in Asia Pacific is expected to account for major revenue share in the global encephalitis vaccines market due to high patient pool suffering from chronic infection. In addition, increasing government initiatives for awareness among consumers and high spending on development of healthcare infrastructure for R&D activities are aspects responsible for regional market growth. Favorable business policies by the government and emergence of mid-size enterprises with innovative drugs are factors expected to support the regional market growth.
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Japanese encephalitis is endemic generally in Asian nations. There is no remedy for the infection. Consequently, associations, for example, UNICEF, WHO, and Gavi are zeroing in on keeping the illness from spreading through immunization. To guarantee greatest inoculation, the JE immunizations have been made required for infant kids. This will give inconceivable freedoms to the producers taking into account the district. Moreover, developing interest in the R&D area, passage of new antibody producers in nations like India and China, increment number of voyagers around there, clinical the travel industry is impelling the market development around there.
The global encephalitis vaccines market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
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