Press release
Contract Varicella Vaccine Market Analysis on Business Influencing Factors 2030 | BIKEN, Green Cross, Changchun BCHT Biotechnology Co.
A report, "Global Contract Varicella VaccineMarket" has been recently published by Market Industry Reports (MIR). As per the report, the global varicella vaccine market was estimated to be over US$ 3256.1 Million in 2019. It is anticipated to grow at a CAGR of ~12.3% from 2020 to 2030.The varicella vaccine market growth can be attributed to several factors, which have led to its wide-scale adoption. The increasing access to vaccines worldwide is anticipated to further contribute to this substantial market growth between 2020 and 2030. The Global Vaccine Action Plan 2011-2020(GVAP) was introduced by the WHO to maximize the outreach of existing vaccines. Various organizations and government bodies across the globe are focusing on immunization through programs that will spread awareness regarding its advantages and improve access to vaccines worldwide. In the U.S., the federal government has set several national targets to provide vaccines for varicella and several other infectious diseases to 80% of children in the age group, 19-35 months, through its Healthy People 2020 initiative. Furthermore, in some countries, such as Germany, the varicella vaccination is not compulsory yet; however, the German Vaccination Commission strongly recommends immunization against varicella.
Top Players:
Some of the prominent players in the varicella vaccine market include Merck & Co., Inc., GlaxoSmithKline plc., Shanghai Biological Products Research Institute Co., Ltd., BIKEN, Green Cross, Changchun BCHT Biotechnology Co., Novo and SK bioscience among others.
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Scope of Report
The growth of the global varicella vaccine market can be attributed to several factors, which has led to its wide-scale adoption. Better access to vaccines worldwide and growth of pediatric & adult population are anticipated to further contribute to the substantial growth of market between 2019 and 2030. However, complex government rules & regulations monitoring R&D and clinical studies of vaccine are likely to restrain the market to a certain extent.
To obtain better insights regarding the market scenario, prominent players are increasingly focusing on collaborative initiatives with several institutes, research centers, and companies. For instance, In Feb 2018, VARIVAX, a live attenuated varicella-zoster (VZV) vaccine from Merck & Co., Inc, was awarded pre-qualification status by the World Health Organization (WHO). WHO pre-qualification allowed VARIVAX to expand access and provides a greater opportunity to help protect more people from varicella.
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Regional Analysis:
Asia Pacific is the fastest-growing market for varicella vaccine and is anticipated to contribute significantly to the global market share. The growth in this region can be attributed to the improving healthcare infrastructure and rising awareness related to importance of immunization. Countries in the APAC, such as India, China, and Japan, are anticipated to provide significant growth opportunities for the global varicella vaccine market owing to increasing immunization programs.
Table of Contents
INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecast Years - 2019 to 2030
Currency Used
RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecast Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESSMENT
Overview
Drivers
Barriers/Challenges
Opportunities
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About Us
Market Industry Reports is a global leader in market measurement and advisory services. It is a 100% subsidiary of ExlTech. The firm has always been at the forefront of innovations to address worldwide industry trends and opportunities. We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates consumer study in more than 100 countries, providing a tactical approach to drive sustained business growth. We continue to pioneer state-of-the-art approach in research & analysis that will help you to overcome complexities and stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence, we unfold contingencies for our clients in the evolving world of technology, mega-trends, and industry convergence. We inspire our clients to empower and shape their businesses and to build world-class products.
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