Adult Vaccines Market 2019 | Develop Rapidly By Top Players GlaxoSmithKline Plc, Merck & Co., Sanofi Pasteur, Pfizer, Inc., CSL Limited, Johnson & Johnson, Serum Institute of India, Medimmune, and AstraZeneca Plc

Development of vaccines for various new diseases and rising awareness regarding advantages of preventive medication are the two prominent factors supporting growth of the market. For instance, according to the Centers for Disease Control and Prevention, 2015, flu vaccinations prevented around 1.9 million flu illnesses, 966,000 flu-associated medical visits, and around 67,000 flu-associated hospitalizations, representing 6.5% lowering of disease burden. However, high complexity in cost of manufacturing a vaccine is one of the major factors negatively affecting growth of the market.

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Increasing number of market players are focused on developing multi-purpose and blockbuster drugs. For instance, in August 2017, Dallas County Health & Human Services (DCHHS) introduced a flu vaccine that serves to be an all-in-one shot vaccine for various flu strains including H1N1, specifically indicated for adults. In January 2018, India-based pharmaceutical company, Bharat Biotech, in collaboration with Typhoid Vaccine Acceleration Consortium (TVAC), received pre-qualification for its typhoid conjugate vaccine—Typbar TCV—from the World Health Organization.

Moreover, companies are focusing on geographic expansion to generate more revenue. For instance, in July 2017, Pfizer, Inc. introduced its Meningitis B jab TRUMENBA in the U.K. for adults aged 18-25 years.

According to the World Health Organization 2014, around 50,000 men, women, and children suffer from infectious diseases every day. These diseases could be prevented with minimal care and appropriate vaccination. Market players are increasingly focusing on introducing new vaccines in the market to strengthen their foothold in the global market. For instance, in March 2018, GlaxoSmithKline Plc received approval from European Commission and Japanese Ministry of Health for its Shingles vaccine—Shingrix—for adults. Moreover, in March 2018, Pfizer, Inc. introduced TRUMENBA in Canada, which is the only vaccine indicated for adolescents and young adults aged 18-25 years, for prevention of meningitis B, which is a rare, however, a potentially devastating disease.

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Vaccines are one of the most effective therapies to safely prevent the spread of fatal infectious diseases. Increasing prevalence of infectious diseases such as flue is increasing the demand for vaccines, globally. For instance, according to the Centers of Disease Control & Prevention (CDC) 2013, around 226,000 patients are hospitalized each year due to influenza and its complications, out of which around 3000-4000 patients die due to the disease.
Key players operating in the global adult vaccines market include GlaxoSmithKline Plc, Merck & Co., Sanofi Pasteur, Pfizer, Inc., CSL Limited, Johnson & Johnson, Serum Institute of India, Medimmune, and AstraZeneca Plc.

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