The vaccine helps in stimulating the body’s immune system to produce antibodies that aid in protecting the body against infectious diseases. The vaccines administration builds immunity in the body against the disease without contacting the disease. Vaccines are biological products that are used to enhance the body's immune response to prevent diseases, including cholera, typhoid, hepatitis, and influenza. Vaccines consist of weakened/killed microbes, toxins, or surface proteins for inducing immunity against specific diseases. Vaccinations thus are playing a crucial role to maintain sustainable health of people across different countries, and they are employed in various regional disease-prevention strategies. The demand for vaccinations has increased over the last few years, owing to the increase in the incidence of both viral and bacterial infectious diseases.
The global market for vaccines is expected to grow from USD xx billion in 2018 to USD xx billion by 2026, at a CAGR of x% from 2018 to 2026. Market growth is due to the high prevalence of infectious diseases, growing support of R&D for the vaccine, investments into vaccine development, and a rising focus on immunization.
In addition, emerging vaccines like Zika vaccines, dengue vaccines, cancer vaccines, and others, producing technologically advanced vaccines, advancements made in vaccine delivery devices, and increasing immunization programs supplement the market growth. Immunization currently prevents estimation of 2 to 3 million deaths every year. Further, an additional 1.5 million deaths can be evaded through improved global vaccination coverage. Increase in uptake of new and underused vaccines will prominently intensify its global usage over the forecast period.
The global vaccines market is highly competitive in nature with a high level of fragmentation, due to the presence of a greater number of local and global players that are operating worldwide. In order to maintain lead position in the market, the key players are making notable investments in the research and development activities, which are projected to enhance the competitive environment of the market in the next few years. The rising number of mergers, acquisitions and also strategic collaborations are expected to offer lucrative opportunities in the next coming years for the market players. The rise in the prevalence of several diseases and the emergence of several new diseases are anticipated to encourage the leading players to develop new and effective drugs and vaccines in the market. This is expected to enhance the market growth of the global vaccines in the next few years. In addition, the rise in emphasis on the development of new products is expected to support the growth of the market in the next few years.
- Mar 2019: FDA approved expansion of Merck's Gardasil 9 vaccine [HPV] for adults 27 to 45.
- Mar 2019: GeoVax labs to collaborate with Leidos Inc to develop malaria vaccine candidates.
The global vaccines Market is segmented on the basis of technology, type, route of administration, disease indication, patient type, and region.
Based on technology: Conjugate Vaccines, Inactivated and Subunit Vaccines, Live Attenuated Vaccines, Toxoid Vaccines, and Recombinant Vaccines.
Based on the Type: Monovalent Vaccines, Multivalent Vaccines.
Based on Disease Indication: Pneumococcal Disease, Influenza, DTP, Hepatitis, Human Papilloma Virus (HPV), Rotavirus, Meningococcal Disease, MMR (measles, mumps, and rubella), Varicella, Polio, Herpes Zoster, Dengue, and Other Disease Indications
Based on Route of Administration: Intramuscular and Subcutaneous Administration, Oral Administration, and Other Routes of Administration
Based on Patient Type: Pediatrics, Adults, and Travelers.
Based on the Region: Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa.
North America is expected to dominate the market, which is attributed to factors including an increase in investments by government organizations and companies for promoting immunization as well as developing new vaccines. Europe holds the second largest share of this market due to the factors like availability of funds and ventures capital investments to develop new vaccines and increase in government initiatives that are driving the market growth in this region. The vaccines market in Asia is expected to grow at the highest CAGR during the forecast period. Asia is considered as one of the fastest-growing markets for vaccines.
Key players in the market are Astellas Pharma Inc. (Japan), CSL Limited (Australia), GlaxoSmithKline plc (UK), Johnson & Johnson (US), Emergent BioSolutions, Inc. (US), MedImmune, LLC (US), Merck & Co., Inc. (US), Serum Institute of India Pvt. Ltd. (India), Pfizer, Inc. (US), Bavarian Nordic (Denmark), Mitsubishi Tanabe Pharma Corporation (Japan), Biological E (India), Sanofi Pasteur (France), Panacea Biotec (India),and Daiichi Sankyo (Japan).
Report Description: The report covers in-depth analysis on Global Vaccines Market. The report assesses the market products pipeline by stage of development (early development, pre-clinical, clinical and in approval), by application (Non-inflammatory acne, Inflammatory acne and others). In addition, the report includes key insights on other development activities, including (but not limited to) – licensing (In and Out), collaborations, acquisitions, reimbursement, patent, and regulatory designations.
The report includes in-depth company profiles of key players in Global Vaccines Market. The company profile includes key information on overview, financial highlights, product portfolio, business strategies, and key recent developments.
The report highlights information on emerging companies with potentially disruptive technologies and new market entrants.
- Provides detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Vaccines Market.
- Provides a comparative analysis of key marketed products and pipeline market products.
- Provides key information on players involved on the Global Vaccines Market.
- Provides a complete overview of market segments and the regional outlook of Global Vaccines Market.
- Provides in-depth coverage of key news related toGlobal Vaccines Market, including major mergers and acquisitions and product development updates such as clinical trial progression updates and regulatory updates