The market for preventative vaccinations was valued at US$ 42,660.2 Mn in 2021 and is anticipated to grow at a CAGR of 9.4% from 2022 to 2028 to reach US$ 80,215.0 Mn. Due to the global pandemic COVID-19 and rising measures to improve vaccine R&D, the market for preventative vaccinations is expanding rapidly on a global scale. Additionally, the increased prevalence of a number of infectious disorders worldwide is anticipated to fuel market expansion. The expansion of the global market for preventative vaccinations, however, is anticipated to be hampered by factors such the high cost of vaccine development and the high risk of side effects.
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During the projected period, the COVID-19 (global pandemic) outbreak is anticipated to fuel market growth for preventative vaccines. For instance, coronavirus disease (COVID-19) is an infectious illness brought on by the SARS-CoV-2 virus, according to the World Health Organization (WHO). As a result, there is an increase in the demand for reliable vaccines. As of 1 November 2022, a total of 12,861,382,558 vaccine doses had been given out globally. There have been 628,694,934 confirmed cases of COVID-19 globally as of 4:36 PM CET on November 4, 2022, with about 6,576,088 deaths. This should stimulate market expansion in turn.
During the projected period, rising initiatives to improve vaccine R&D (research and development) are anticipated to drive the growth of the global market for preventative vaccines. For instance, several malignancies are brought on by viral infections, and risk can be decreased by using preventive immunizations. To stop cancer caused by HBV and HPV, several vaccinations have been created. The U.S. Food and Drug Administration has authorised preventive cancer vaccinations such as Cervarix, Gardasil, Gardasil-9, and the Hepatitis B (HBV) vaccine (USFDA). This is then anticipated to help the market grow.
Increased financing from governmental and non-governmental organisations is anticipated to provide companies in the global market for preventative vaccines with lucrative growth prospects. For instance, the quick creation of vaccinations against COVID-19 was made possible by research carried out by Graham and others at the National Institutes of Health (NIH), the Defense Department, and federally supported academic labs. Since the pandemic started, the government has invested an additional $ 10.5 billion into vaccine businesses to hasten the delivery of their goods. For market participants, this should present profitable expansion potential.
Players in the global market for preventative vaccinations can anticipate to see tremendous growth prospects as the prevalence of various infectious illnesses increases around the world. For example, infectious diseases are very prevalent all over the world, although some are more prevalent than others. The need for preventive vaccinations has consequently increased or expanded globally. In order to comprehend, treat, and prevent both infectious and allergy disorders, the National Institute of Allergy and Infectious Diseases (NIAID) conducts and funds research.
The safest and most economical method for lowering the overall disease burden and preventing infectious disease-related fatalities is vaccination. In both industrialised and developing nations, there has been an increase in knowledge of the benefits of vaccination and immunisation programmes, which help the immune system fight illnesses more quickly and effectively.
Additionally, governments everywhere are making every effort to address the difficulties and dangers that infectious diseases represent. The immunisation (vaccination) program’s overarching goal is to protect individuals against diseases that can be prevented by vaccination while also lowering the related morbidity and mortality. The current approach to stopping the spread of instances is prevention. Over the projection period, this tendency is anticipated to persist, fueling market expansion.
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Johnson & Johnson announced the adenovirus serotype 26 (Ad26) vector-based coronavirus vaccine’s successful test in July 2020.
Astrazeneca’s pipeline drug AZD1222 demonstrated potent immune responses against the SARS-CoV-2 virus in a Phase I/II COV001 trial in July 2020.
To manufacture the investigational SARS-CoV-2 vaccine on a wide scale, Ad26.COV2-S, Emergent BioSolutions and Janssen Pharmaceuticals Inc., one of Johnson and Johnson’s subsidiaries, struck a five-year partnership in July 2020.
Key Companies Insights
The market for prophylactic vaccinations is quite crowded worldwide. The market players are concentrating on creating and introducing novel products in response to the increased need for safe and effective preventative vaccines.
Takeda Pharmaceutical Company Limited, Sanofi SA, AstraZeneca, Pfizer Inc., Emergent BioSolutions Inc., Novavax Inc., Daiichi Sankyo Co. Ltd., Merck & Co. Inc., GlaxoSmithKline PLC, and Johnson & Johnson, are a few of the major players in the global market for preventive vaccines.
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☑ 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.
☑ Preventive Vaccines market size estimation and recent advancements in the industry are explained.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Preventive Vaccines Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Preventive Vaccines Industry Impact
Chapter 2 Global Preventive Vaccines Competition by Types, Applications, and Top Regions and Countries
2.1 Global Preventive Vaccines (Volume and Value) by Type
2.3 Global Preventive 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 Preventive Vaccines Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Preventive Vaccines Market Analysis
Chapter 6 East Asia Preventive Vaccines Market Analysis
Chapter 7 Europe Preventive Vaccines Market Analysis
Chapter 8 South Asia Preventive Vaccines Market Analysis
Chapter 9 Southeast Asia Preventive Vaccines Market Analysis
Chapter 10 Middle East Preventive Vaccines Market Analysis
Chapter 11 Africa Preventive Vaccines Market Analysis
Chapter 12 Oceania Preventive Vaccines Market Analysis
Chapter 13 South America Preventive Vaccines Market Analysis
Chapter 14 Company Profiles and Key Figures in Preventive Vaccines Business
Chapter 15 Global Preventive Vaccines Market Forecast (2022-2028)
Chapter 16 Conclusions
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