Hepatitis Vaccine Market 2018 is Growing Exponentially| Top Key Players like Merck and Company, GlaxoSmithKline, Sanofi Pasture, CSL Behring GmbH, Novartis AG and Pfizer Inc. Few leading brands in hepatitis vaccine market are Engerix-B

Hepatitis is an infectious disease caused due to hepatitis virus type A, B, and C, which leads to liver associated disease such as Hepatitis A, hepatitis B, hepatitis C, liver cirrhosis, hepatocellular carcinoma, and liver failure. It may lead to death of infected person. The infection is spread due to transmission of hepatitis A and hepatitis B virus due contact with body fluids (blood etc.) of infected person. Hepatitis vaccine are available for prevention of both hepatitis A and hepatitis B which prevents its occurrence by boosting immunity of the person thereby avoiding complications such as liver failure and cancer. Infection is most prevalent in children. Globally hepatitis B is more prevalent than hepatitis A.

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Market Dynamics

Hepatitis is one of the most prevalent infectious disease across the globe, it attracted attention from health bodies such as World Health Organization (WHO) due to its severity. Increasing incidence of hepatitis worldwide is estimated to drive growth of the hepatitis vaccine market. According to World Hepatitis Report published in 2017 by WHO, an estimated 325 million people worldwide are living with chronic hepatitis B virus infection (HBV) or hepatitis C virus (HCV) infection. Increasing global population (live births) is another factor driving growth of the hepatitis vaccine market.
According to guideline published by WHO, vaccine for hepatitis B has to administer within first 24 hour of the birth in order to prevent the hepatitis B infection to infant. Furthermore, increased awareness amongst masses about benefits of hepatitis vaccination would further aid in market growth for the hepatitis vaccine market. Various companies are introducing the vaccine product to prevent hepatitis A and hepatitis B which would lead to higher competition and expansion of the global hepatitis vaccine market.

Market Taxonomy

On the basis of Indication
Hepatitis A
Hepatitis B

On the basis of Vaccine Type
Recombinant Vaccine
Inactivated Vaccine

On the basis of Distribution Channel
Hospitals
Retail Pharmacy
Online Pharmacy

Amongst indication, hepatitis B vaccine holds larger market share due to higher prevalence of hepatitis B infection and presence of different companies in the production and marketing of these vaccine. Recombinant vaccine is largest shareholder in vaccine type segment as it is most commonly used in the hepatitis B vaccine. Amongst distribution channel retail pharmacy holds major share.
Asia Pacific has greatest burden of hepatitis (154 million people with hepatitis B) currently as mentioned in World Hepatitis Report, 2017 and it is attractive market for hepatitis market due to the larger population getting infected from the hepatitis.

Key players present in the hepatitis vaccines market are Merck and Company, GlaxoSmithKline, Sanofi Pasture, CSL Behring GmbH, Novartis AG and Pfizer Inc. Few leading brands in hepatitis vaccine market are Engerix-B, Havrix (Glaxosmithkline), Recombivax, Vaqta (Merck and Company), Euvax – Avaxim (Sanofi Pasteur), and Shanvac B (Shantha Biotech)

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This release was published on openPR.