Global Recombinant Vaccines Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2026

The growth inhibiting factors of recombinant vaccines market such as increase in awareness, increase in lethal diseases, development of new technology, more effective than conventional vaccines and various vaccination programs conducted by government. Various key players such as Pfizer Inc., Merck & Co. Inc., Sanofi S.A. and GlaxoSmithKline Plc. are involved in the development of new vaccines to strengthen their position and establish an evident presence in the global recombinant vaccines industry.

These vaccines ensures the more effective prevention of diseases this would help in the improvement of health and reduction in mortality rates caused by vaccines preventable diseases such as influenza, cholera, mumps and human papilloma virus. Employing the advanced sterilizing procedure would help in reduction of the mortality rates caused as a result of infections due to contaminated tools and equipment. According to Centers of Disease Control and Prevention 2017 report, in the U.S. there were around 4,605 deaths caused by influenza in past one year.

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It is expected that increase in focus towards awareness with respect to vaccination against vaccine preventable diseases and increased in the demand for recombinant will favor the growth of recombinant vaccines market in the near future. According to Children’s Hospital of Philadelphia report 2014, there were around 85% of children over the globe vaccinated to protect them against tuberculosis, polio, diphtheria, tetanus, pertussis, and measles and these vaccines.

Government has launched various vaccination program such as global vaccine action plan with aim to introduce new and improved vaccines, increase in research and technology for the development of new vaccines and eradication of vaccine preventable diseases such as rubella, measles and polio. According to Children’s Hospital of Philadelphia report 2014, around 3 million people die from vaccine-preventable diseases each year around the globe. Approximately 1.5 million of these deaths are reported among children less than 5 years of age due to several infectious diseases, as they transmitted from one person to another.

The recent past has witnessed a steady rise in incidence of zoonotic and infectious diseases in humans and animals as well, which lead to the increased research & developments for the innovation of new and effective recombinant vaccines for the prevention of diseases. Government has also taken an initiative to increase awareness regarding vaccination to prevent diseases in community. Manufacturing companies have also started some beneficial programs to provide vaccination free of cost to poor people, which creates a highly conducive environment for growth of the recombinant vaccines market in near future.

National Immunization Program by Queensland Government in Australia and Indradhanush vaccination program in India works to provide vaccination among children throughout the nation. Various organizations such as World Health Organization, World Bank, and United Nations Children’s Funds has also taken and initiative to increase vaccination.

Some major key players in the recombinant vaccines market include Merck & Co. Inc., Novartis AG, Protein Science Corporation, GlaxoSmithKline Plc., Green Cross Corporation, Bayer AG, Sanofi S A, Pfizer Inc., and Bharat Biotech.

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Detailed Segmentation

Global Recombinant Vaccines Market, By Product Type
Subunit Recombinant Vaccines
Attenuated Recombinant Vaccines
Vector Recombinant Vaccines
Global Recombinant Vaccines Market, By Disease Type
Infectious Disease
Cancer
Allergy
Others
Global Recombinant Vaccines Market, End User
Recombinant Human Vaccines
Animal Recombinant Vaccines
Poultry
Companion Animal Vaccines
Livestock
Porcine
Aquaculture Vaccines

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