Current perspectives on Vaccines Market Detail Analysis to 2027 - Assessment of Global Industry Key Players Astellas Pharma, NOVAVAX, VBI Vaccines, Bavarian Nordic and others

According to a new market research study titled ‘Vaccines Market - Global Analysis and Forecasts by Technology, Disease Indication, Route of Administration, and Patient Type. Global Vaccines Market is projected to grow at a CAGR of 6.5% and will be reach US$ 64,538.4 Million during 2019-2027 due to rising incidence of infectious diseases.

The Asia Pacific vaccines market is expected to grow at highest rate during the forecast period owing to rapid growth of pharmaceutical industries, emergence of new local players with competitive vaccine portfolio.

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Some of the Leading Key Players Operating in this study:

PFIZER INC, GlaxoSmithKline plc, Merck & Co., Inc., Sanofi, Johnson & Johnson Services, Inc, Panacea Biotec Limited, Astellas Pharma Inc., NOVAVAX, INC., VBI Vaccines Inc, and Bavarian Nordic

Driving factors such as, growing focus on immunization programs, increasing support for vaccine development, rising prevalence of infectious diseases. However, the complexity and cost of vaccine manufacturing and soaring costs of vaccines are likely to pose a negative impact on the market growth. On the other hand, robust pipeline of vaccines is likely to have a positive impact on the growth of the global vaccines market in the coming years.

In the current era, there are increasing concerns of spread of infectious diseases with the changing environment. These emerging infectious diseases are a burden on public health but have also an impact on global economies. The new diseases such as HIV, hepatitis, dengue have attracted a huge concern for the government of the respective countries. There is also resurgence of diseases which seemed to be under control such as malaria, cholera and many more. According to the Centers for Disease control and Prevention in 2015, 16.8 million people in the US visited hospitals due to infectious and parasitic diseases. In Africa, chronic viral hepatitis affects around 70 million Africans (60 million with Hepatitis B and 10 million with Hepatitis C).

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MARKET SEGMENTATION

Global Vaccines Market – By Technology

- Recombinant vaccines
- Conjugate Vaccines
- Live Attenuated Vaccines
- Inactivated Vaccines
- Toxoid Vaccines

Global Vaccines Market – By Disease Indication

- DTP (diphtheria, tetanus, and pertussis)
- Influenza
- Hepatitis
- Respiratory Syncytial Virus (RSV)
- Other Diseases

Global Vaccines Market – By Route of Administration

- Oral
- Injectable
- Other

Global Vaccines Market – By Patient Type

- Adult Patients
- Pediatric Patients

Strategic Insights

Product approvals and collaborations were observed as the most adopted strategy in global vaccines industry. Few of the recent product key developments are listed below:

2019: Merck, known as MSD outside of the United States and Canada, announced that V114, the company’s investigational 15-valent pneumococcal conjugate vaccine, has received Breakthrough

Therapy Designation from the U.S. Food and Drug Administration (FDA) for the prevention of invasive pneumococcal disease (IPD). The Breakthrough Therapy Designation is an FDA program designed to expedite the development and review of drugs intended for serious or life-threatening conditions.

2018: The European Commission has granted marketing authorization for Dengvaxia, Sanofi’s dengue vaccine. The marketing authorization follows the October 18, 2018, recommendation by the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) to approve use of the dengue vaccine in European endemic areas.

2018: Pfizer entered into a multi-year research and development (R&D) collaboration with BioNTech AG to develop mRNA-based vaccines

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Key Benefits of Buying this Research Study:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Vaccines Market

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the Vaccines Market, thereby allowing players across the value chain to develop effective long term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

• Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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This release was published on openPR.