Global Haemophilus Influenza Type B Vaccine Market To Grow Rapidly By The Rise In Number Of Medical Cases And Growing Number Of International Healthcare Initiatives

In 2017, 72% of the infants globally received 3rd dosage of HIB vaccine~ World Health Organisation

The report titled “Haemophilus Influenzae Type B Vaccine Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global haemophilus influenzae type B vaccine market in terms of market segmentation by type, formulation, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The haemophilus Influenza Type B is one of the major causes of mortality and morbidity in young childhood with six of its entities that are known- meningitis, bacteremic pneumonia, epiglottitis, septicemia, cellulitis, and osteoarticular infections. The vaccines have been successful in helping ensure a decline in the disease by up to 80% in past five years globally. The increasing healthcare initiatives and rise in diseases among infants are anticipated to drive the growth of the market over the forecast period i.e. 2019-2027. The increasing number of HIB cases worldwide have made these vaccines a regularized immunization program, resulting in rise in demand for the product in both developed as well as developing countries. The recent research and developments taking place in the healthcare sector is expected to improve the availability of vaccines, owing to which the market is expected to grow significantly.

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The market is segmented by type, formulation & application. The formulation segment is further segmented into liquid monovalent HIB, liquid combination HIB, lyophilized monovalent HIB and lyophilized combination HIB out of which, the liquid combination HIB segment is anticipated to occupy the leading market share, on account of the fact that no reconstitution is required, multi-dose vials is possible that results in reduced wastage and requires less cold chain space than two monovalent vaccine formulations. The application segment is further segmented into hospitals, research & academic labs, pharmaceuticals and biotechnology companies and others. The hospitals segment is anticipated to witness the highest growth owing to increased cases of HIB coupled with government regulations on regular immunization programs.
Geographically, the global haemophilus influenzae type B vaccine market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North American region is anticipated to occupy the leading market share, owing to higher investments made in the healthcare sector and continuous research & development taking place in the region. The market in Asia-Pacific region is anticipated to grow significantly, owing to increased levels of awareness among the majority population and rising adoption of vaccines by the population in this region. The market in The Middle East and Africa region is anticipated to witness decent growth, owing to different international initiatives being pursued by governments, growing public awareness and improvement in medical facilities in the region.

Burden of Disease to Boost the Demand for Haemophilus Influenza Type B Vaccine
The HIB disease can lead to around 2, 00,000 deaths a year and in many cases lead to various illnesses, if not vaccinated properly. On account of this factor, proper vaccination is being encouraged that is anticipated to drive the growth of the HIB vaccine market over the forecast period.

Initiatives and Investments – The various initiatives by public and private agencies for instance GAVI and WHO to introduce the haemophilus influenzae type B disease into global immunization programs is anticipated to drive the growth of the market over the forecast period. These initiatives help to provide vaccine to low income countries at subsidized rates which is helping raise the demand for these vaccines and to contribute to the growth of the market over the forecast period.
Industry Players Are Working Towards Minimizing The Barriers Faced By The Global Haemophilus Influenzae Type B Vaccine Market
The high vaccine cost for instance DTap-IP-HI is available at $96 per vaccine and the others cost anywhere ranging from $50-$200 per vaccine which is expected to operate as a restraint to the growth of the market over the forecast period. Additionally, the vaccines have a limited shelf life coupled with specific storage conditions and in many cases, allergic reactions to certain chemicals are expected to hinder the growth of the market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global haemophilus influenzae type B vaccine market which includes company profiling of Novartis, Merck Sharp & Dohme Corp, Sanofi Pasteur, GlaxoSmithKline, Takeda Pharmaceuticals Company Ltd., Walvax Biotechnology and Lanzhou Institute of Biological Products Co., Ltd
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global haemophilus influenzae type B vaccine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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