Vaccines Market Is Expected to Reach US$ 60,673.6 Mn at a 6.8% CAGR By 2028 | Future Growth Insights, Share Value, Top Key Players like AstraZeneca, GlaxoSmithKline plc., Pfizer Inc., Abbott, Bristol-Myers Squibb Company

The vaccine dose contains various ingredients. The active ingredient is a tiny amount of a virus or bacteria, but it is also made of preservatives and stabilisers. The latter are naturally occurring in our body, while the former are added to improve the immunogenic activity of the vaccine.

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The vaccines protect us from many dangerous diseases, including measles, mumps, and rubella. Although rare, some diseases like adenovirus, herpes, and chickenpox are prevented by vaccination. However, some people refuse to get the vaccine, and this puts themselves and their community at risk. Even though it is safer to get a vaccine than risk getting infected with a disease, it does contain a mercury-based preservative.

The growing prevalence of infectious diseases such as hepatitis B is expected to drive growth of the global vaccines market. For instance, according to the World Health Organization, about 296 million people were living with chronic hepatitis B infection globally in the year 2019, with 1.5 million new infections each year. Moreover, according to the same source, hepatitis B caused an estimated 820,000 deaths, mostly from hepatocellular carcinoma (primary liver cancer) and cirrhosis in 2019, globally.

Global Vaccines Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. The COVID-19 pandemic has affected the economies of various regions across the globe in three main ways: 1) by directly affecting production and demand; 2) by creating disruptions in distribution channels; and 3) through its financial impact on companies and financial markets. Several countries such as Thailand, Indonesia, and Singapore, are facing problems with regard to the transportation and distribution of healthcare products.

Moreover, the COVID-19 pandemic had a negative impact on the routine immunization of children. For instance, according to UNICEF, 23 million children missed out on basic routine vaccine immunization worldwide in 2020, up to 3.7 million more than in 2019. Although countries are eager to get their hands on COVID-19 vaccines, vaccinations for other diseases and routine vaccination of children have been negatively impacted, leaving children at risk of dangerous but preventable diseases such as polio, measles, or meningitis. There have been disruptions in the supply of vaccines due to lockdowns and the closure of flights. All these reasons contributed to have a negative impact on the global vaccines market growth.

However, due to the growing concern about the COVID-19 pandemic, key players have increased their R&D activities, in order to develop safe and effective COVID-19 vaccine, which is expected to drive the global vaccines market growth over the forecast period.

Moreover, growing adoption of inorganic strategies such as agreements and collaborations by the key players operating in the market is also expected to aid in growth of the global vaccines market. For instance, on January 5, 2022, Pfizer Inc., a pharmaceutical and Biotechnology Company and BioNTech SE, a next generation immunotherapy company, announced a research and development collaboration agreement. As a part of this agreement, they will be developing the first mRNA-based vaccine to prevent shingles (herpes zoster virus, or HZV), a disease that affects roughly one out of every three people in the U.S. Clinical trials for the vaccine are planned to start in the second half of 2022.

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Key Takeaways of the Global Vaccines Market:

• The global vaccines market is expected to exhibit a CAGR of 6.8% during the forecast period due to the growing investments and funds provided by the government and non-government organizations, which are projected to boost growth of the market. For instance, in December 2021, the Board of Gavi, the Vaccine Alliance, an international organization to improve access to vaccines for children, signed an investment to assist the introduction and delivery of malaria vaccine for Gavi-eligible countries in sub-Saharan Africa in 2022–2025. An initial investment of US$ 155.7 million will start the implementation of this additional tool in the fight against malaria for 2022–2025.
• In terms of technology, conjugate vaccines segment estimated to account for the largest market share in the global vaccines market in 2021, owing to the increased product approvals. For instance, in June 2021, Pfizer Inc., a pharmaceutical and biotechnology company, announced that it received the U.S. Food and Drug Administration (FDA) approval for PREVNAR 20 (Pneumococcal 20-valent Conjugate Vaccine) for use in the prevention of invasive disease and pneumonia caused by the 20 Streptococcus pneumoniae (pneumococcus) serotypes in adults aged 18 years and older.
• Among regions, North America is estimated to account for the largest market share in the global vaccines market in 2021, owing to the presence of major key players in the region and increased government agreements, commitments, and investments to provide vaccines. For instance, in June 2020, Pfizer Inc., a pharmaceutical and biotechnology company and BioNTech SE, a next generation immunotherapy company announced an agreement with the U.S. Department of Health and Human Services and the Department of Defence to meet the U.S. government’s Operation Warp Speed program goal of starting delivery of 300 million doses of vaccine for COVID-19 in 2021.
• Major players operating in the global vaccines market include AstraZeneca, GlaxoSmithKline plc., Pfizer Inc., Abbott, Bristol-Myers Squibb Company, Johnson & Johnson Services, Inc., Sanofi, EMERGENT, Astellas Pharma Inc., CSL Limited, Novavax, Serum Institute of India Pvt. Ltd., Bharat Biotech., Indian Immunologicals Ltd., DAIICHI SANKYO COMPANY, LIMITED., and Merck & Co., Inc.

Reasons to buy this Vaccines Market Report

☑ It attempts an analysis of the competing scenario.

☑ The current and exceptional product revenue market.

☑ An in-depth data on the regional investigation and competitive landscape structure.

☑ It benefits in creating an awareness of the important key product segments.

☑ The marketing strategies, opportunities, and development factors are explained.

☑ Vaccines market size estimation and recent advancements in the industry are explained.

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The Study Objectives are:

✔ A comprehensive insight into key players operating in the Vaccines Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Vaccines Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Vaccines Industry Impact

Chapter 2 Global Vaccines Competition by Types, Applications, and Top Regions and Countries
2.1 Global Vaccines (Volume and Value) by Type
2.3 Global Vaccines (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Vaccines Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Vaccines Market Analysis
Chapter 6 East Asia Vaccines Market Analysis
Chapter 7 Europe Vaccines Market Analysis
Chapter 8 South Asia Vaccines Market Analysis
Chapter 9 Southeast Asia Vaccines Market Analysis
Chapter 10 Middle East Vaccines Market Analysis
Chapter 11 Africa Vaccines Market Analysis
Chapter 12 Oceania Vaccines Market Analysis
Chapter 13 South America Vaccines Market Analysis
Chapter 14 Company Profiles and Key Figures in Vaccines Business
Chapter 15 Global Vaccines Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology