Disease Control and Prevention Vaccine Market will multiply at an impressive CAGR of 2.1 % by 2026 & Top Key Players as 'big four': GSK, Merck & Co., Inc., Pfizer, and Sanofi

According to Access to Medicine Foundation index, 2017, vaccine market is dominated by four major players, collectively referred as 'big four': GSK, Merck & Co., Inc., Pfizer, and Sanofi. Big four contribute to 80% of the global vaccine revenue. Players vary significantly by portfolio and pipeline size. Other major players operating in market include AstraZeneca PLC, Sinovac Biotech Ltd., Astellas Pharma Inc., Serum Institute of India Pvt. Ltd., and Daiichi Sankyo.

Manufactures in vaccine market are focused on research and developmental activities for developing new vaccine with better safety and immunity for the disease at low cost and to strengthen the product portfolio. For instance, in 2017, GlaxoSmithKline plc, received US FDA approval for phase III clinical trial of its product Shingrix, a recombinant sub unit vaccine, for shingles infection in adults. Moreover, manufacturers are targeting disease such as HIV or dengue to expand product portfolio. For instance, in 2018, Sanofi received US FDA approval for its dengue vaccine, Dengvaxia. Furthermore, merger and acquisition are adopted by key players to expand the company share. In 2014, Pfizer Inc., acquired Baxter’s portfolio, which includes of marketed vaccines for US$ 648 million. The portfolio includes NeisVac-C and FSME-IMMUN/TicoVac vaccines against meningitis by group C meningococcal meningitis and tick-borne encephalitis, respectively.

Request Sample Copy Of This Report: https://www.coherentmarketinsights.com/insight/request-sample/1500

Vaccines aid in control and prevention of viral and bacterial disease. Vaccines for infectious disease has large impact on reducing disease incidence and burden of vaccine preventable disease. According to Centers for Disease Control and Prevention (CDC), in 2013, around 226,000 people are hospitalized every year and between 3,000 and 49,000 people die due to influenza and its complications. The global efforts to tackle infectious disease by better surveillance and immunization system enhanced effectiveness of the immunization program.

For instance, according to World Health Organization (WHO), incidence of polio are decreased by 99% as of 2018 as compare to 1988, attributed to global initiatives for polio eradication by public and private organizations. Furthermore, increasing government initiative to strengthen immunization program are expected to augment the growth of disease control and prevention vaccine market. For instance, in 2017, Minister of Health from 194 countries endorsed Global Vaccine Action Plan to prevent millions of death through more access to vaccine by 2020. Moreover, manufacturers are focusing on the developing new vaccine with better safety and immunity for the disease at low cost.

The global disease control and prevention vaccine market is projected to witness significant growth over the forecast period, owing to rapid advancements in technology for development of novel vaccines such as recombinant and cell-based technologies, resulting in increasing production of the vaccines. For instance, in 2018, collaboration between Austrian biotech Themis Bioscience and Oslo-based Coalition for Epidemic Preparedness Innovations (CEIP). CEIP will fund US$ 37.5 million for vaccine development for five years.

Moreover, governmental bodied supports the research and development program leading to the development of improved form of presently available vaccines. For instance, in 2015, a National Institute of Allergy and Infectious Disease scientists engineered a protein to maintain the specific shape of the viral spike, stimulating the immune system to produce powerful anti-HIV antibodies. However, manufacturing cost as well as large gap between demand and supply leading to hike in pricing is expected to hinder the growth of disease control and prevention vaccination market.

Ask for customization: https://www.coherentmarketinsights.com/insight/request-customization/1500

Detailed Segmentation:

Global Disease Control and Prevention Vaccine Market, By Product Type:
Live-attenuated Vaccines
Inactivated Vaccines
Recombinant Vaccines
Toxoid Vaccines
Global Disease Control and Prevention Vaccine Market, By Type:
Monovalent Vaccine
Multivalent Vaccine
Global Disease Control and Prevention Vaccine Market, By Route of Administration:
Oral
Injectable
Global Disease Control and Prevention Vaccine Market, By Age Group:
Pediatric
Adults
Global Disease Control and Prevention Vaccine Market, By Indication:
Infectious Disease
Cancer
Other Indication

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

1001 4th Ave,, #3200, Seattle, WA 98154

This release was published on openPR.