Global Live Vaccines Market is valued at USD 17.48 Billion in 2020 and is expected to reach USD 27.88 Billion by 2027 with a CAGR of 6.9% over the forecast period.
Live Vaccines Market: Global Size, Trends, Competitive, Historical, and Forecast Analysis to 2021–2027 The projected period is expected to see significant growth in the live vaccine market due to factors including rising infectious disease prevalence, technological advancements in live vaccines, and increased government funding for immunization efforts.
Key Players for Global Live Vaccines Market Report:
Some of the key players in the global live vaccines market are:
- GlaxoSmithKline Merck Pfizer
- Astellas Pharma
- Johnson and Johnson
- CSL, Sanofi
- Serum Institute of India
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Key Benefits in Global Live Vaccines Market Report:
- In-depth historical and future information is provided in the global live vaccines study.
- Global Live Vaccines Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and, Regional and Country Level are all covered in detail in this research study.
- The Global Live Vaccines Report aids in locating market opportunities.
- The study on global live vaccines provides a thorough overview of market dynamics and upcoming trends.
Global Live Vaccines Market Segmentation:
The market for live vaccines is divided into three categories: kind, application, and regional & national levels. The market for live vaccinations is divided into two types based on type: bacterial vaccines and viral vaccines. The market is divided into hospitals, clinics, research institutes, and others based on the application.
- Research Institutes
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News On Vaccines Market:
IIL launched goat pox vaccine:
Indian Immunological Limited (IIL) announced the release of the goat pox vaccine on December 20, 2021. The original immunization was given at 3 months of age, and yearly revaccination with a dose rate of 1ml was required. The vaccine was live attenuated. Smallpox was extremely contagious and distributed via contact and aerosol. It was also extremely harmful to young, elderly, and breastfeeding animals.
North America has Highest Revenue Share for the Global Live Vaccines Market:
Due to increased live vaccination use, expanding vaccine research and development, and live vaccine approval, North America holds the largest revenue share for the global live vaccine market. increased use of live vaccines in the US, such as the rotavirus, polio, and measles shots. These vaccinations helped eradicate illnesses, which increased the use of live vaccines and fueled the market’s expansion. Additionally, a rise in R&D activity and the licensure of live vaccines both support market expansion in this region. For instance, the FDA recently approved major live, non-replicating vaccines to prevent smallpox and monkeypox, according to press reports from September 24.
Due to an increase in infectious diseases, a rising population, and rising government measures to reduce disease rates in the region, the Asia Pacific region is the second-largest market for live vaccines worldwide. For instance, the WHO (World Health Organization) reports that as of December 17, 2021, there have been 34,726,049 verified cases of COVID-19. The rise of live vaccines in the Asia Pacific area is being driven by the emergence of variations and research.
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Scope of Global Live Vaccines Market Report:
The vaccines containing live pathogens which provide a robust immune response without causing disease are called live vaccines. The pathogenicity of the virus or bacteria is removed but it was kept alive in the vaccine. Live vaccines give long-lasting immunity in comparison to inactivated vaccines. The reverse genetics technique is used for live-attenuated vaccines like RNAi. The types of live vaccines available are chickenpox (varicella) vaccines, FluMist, Measles, mumps, and rubella (MMR) vaccines, Japanese encephalitis vaccine, Oral polio vaccine, Rotavirus vaccines, Smallpox vaccine, and yellow fever vaccine.
COVID-19 has shown a positive impact on the global live vaccines market. The live vaccine technology is used for making vaccines against COVID -19. The development of live vaccines for COVID -19 and clinical trials positively impacted the market. There was tremendous demand for vaccines that increased during the pandemic due to the outbreak and seriousness of COVID-19.
On Special Requirement the Global Live Vaccines Market. The report is also available for the below Regions and Countries:
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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