Global Disease Control and Prevention Vaccine Market, by Product Type (Live-attenuated, Inactivated, Recombinant Sub Unit, and Toxoid), by Type (Monovalent and Multivalent), by Route of Administration (Oral and Injectable), by Age Group (Pediatric Vaccine and Adult Vaccine), and by Indication (Infectious Disease, Cancer, and Other Indications) is estimated to be valued at US$ 41.12 billion in 2017 and is estimated […]
Global Vaccine Market Anticipated to Reach US$ 102.54 Billion by 2025
Global Disease Control and Prevention Vaccine Market, by Product Type (Live-attenuated, Inactivated, Recombinant Sub Unit, and Toxoid), by Type (Monovalent and Multivalent), by Route of Administration (Oral and Injectable), by Age Group (Pediatric Vaccine and Adult Vaccine), and by Indication (Infectious Disease, Cancer, and Other Indications) is estimated to be valued at US$ 41.12 billion in 2017 and is estimated to exhibit a CAGR of 12.1% over the forecast period (2021-2025).
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The increasing product launches by market players coupled with rising government immunization programs are the major factors that are expected to drive growth of the global disease control and prevention vaccine market over the forecast period. Moreover, vaccines aids in controlling and preventing viral and bacterial diseases. Vaccines for infectious disease plays an important role in reducing disease incidence and burden of vaccine preventable disease. For instance, according to the Centers for Disease Control and Prevention (CDC), 2013, around 226,000 people are hospitalized every year and around 3,000-49,000 people are reported to die due to influenza and its complications.
Moreover, global efforts are made to tackle infectious disease by better surveillance and immunization system. For instance, according to the World Health Organization (WHO), incidence of polio decreased by 99% in 2018 compared to 1988, which is attributed to global initiatives for polio eradication by public and private organizations. Furthermore, increasing government initiatives to strengthen immunization program are expected to further boost growth of the disease control and prevention vaccine market. For instance, in 2017, Minister of Health from 194 countries supported Global Vaccine Action Plan to prevent millions of death through more access to vaccine by 2020. Moreover, key players are focusing on developing new vaccines with low price offering better safety and immunity for the disease.
Browse 47 Market Data Tables and 45 Figures spread through 210 Pages and in-depth TOC on “Disease Control and Prevention Vaccine Market, by Product Type (Live-attenuated, Inactivated, Recombinant Sub Unit, and Toxoid), by Type (Monovalent and Multivalent), by Route of Administration (Oral and Injectable), by Age Group (Pediatric Vaccine and Adult Vaccine), and by Indication (Infectious Disease, Cancer, and Other Indications) – Global Forecast to 2025”.
Additionally, key players in vaccine market are focusing on research and development to develop new vaccines with low cost, offering better safety and immunity for the disease and to expand their product portfolio. For instance, in 2017, GlaxoSmithKline plc, received the U.S. FDA approval for phase III clinical trial of its product Shingrix, a recombinant sub unit vaccine for shingles infection in adults. Moreover, manufacturers are focusing on developing vaccines by targeting diseases such as HIV or dengue to expand their product portfolio. For instance, Sanofi received the U.S. FDA approval for its dengue vaccine, Dengvaxia, in 2018.
Key players are also focusing on adopting growth strategies such as mergers and acquisitions, in order to strengthen their market position. For instance, in 2014, Pfizer Inc., acquired Baxter’s portfolio including marketed vaccines valued at US$ 648 million. The portfolio includes NeisVac-C and FSME-IMMUN/TicoVac vaccines against meningitis.
Key takeaways of the Disease Control and Prevention Vaccine Market:
- The global disease control and prevention vaccine market is expected to exhibit a CAGR of 12.1% over the forecast period (2017-2025), attributed to presence of untapped and highly lucrative markets in Asia Pacific, Latin America, Middle East, and Africa
- Recombinant vaccine is expected to hold significant market share over the forecast period, owing to increasing awareness about disease prevention
- Among type, monovalent segment is expected to account for largest market share over the forecast period, owing to high rate of safety and stability of the vaccine
- Among age group, pediatric vaccine segment is expected to account for largest market share over the forecast period, attributed to increasing government initiatives for child vaccination program
- Among indication, infectious disease segment is expected to account for largest market share over the forecast period, owing to high prevalence of infectious diseases such as typhoid, measles, hepatitis, and others
- Key players operating in the global disease control and prevention vaccine market include GlaxoSmithKline plc (GSK), Merck & Co. Inc., Sanofi, AstraZeneca PLC, Pfizer, Inc., Serum Institute of India Pvt. Ltd., Sinovac Biotech Ltd., Astellas Pharma Inc., and Daiichi Sankyo
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