Vaccines Market Projected to Reach US$ 64,538.4 Million in 2027 with Robust CAGR of 6.5% Globally, Focusing on Leading Profiles: Astellas Pharma, GlaxoSmithKline, Merck, Sanofi

Vaccines Market is expected to reach US$ 64,538.4 Million in Upcoming Years 2020-2027, according to new study by The Insight Partners. 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.

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Some of the prominent players operating in vaccines market are 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.

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.
The report segments the global vaccines market as follows:

Global Vaccines Market - By Technology

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

Global Vaccines Market - By Disease Indication

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

Global Vaccines Market - By Route of Administration

o Oral
o Injectable
o Other

Global Vaccines Market - By Patient Type

o Adult Patients
o Pediatric Patients

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Contact Us:
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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