openPR Logo
Press release

Key Trends and Application Analysis of COVID-19 vaccines Market

09-30-2020 12:12 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Prophecy Market Insights

Prophecy Market Insights

Prophecy Market Insights

The global COVID-19 vaccines market accounted for US$ 2.6 billion in 2020 and is estimated to be US$ 1.5 billion by 2025 and is anticipated to register a CAGR of -10.4%

The global drugs market accounted for US$ 156.0 billion in 2020 and is estimated to be US$ 2.3 billion by 2025 and is anticipated to register a CAGR of -57.0%

Download Free sample copy of this report @
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4359

Technological advancements in the pharmaceutical sector comprising the development of nucleic acid vaccines that are DNA- and RNA-based, and which allow the human body to produce vaccine antigen. Such initiatives and activities are expected to support market growth to a substantial extent.

The report "Global COVID-19 Impact on Vaccines & Drugs Market, By Type (Vaccine and Drugs), By End-user (Hospitals, Clinical, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2025”.

Key Highlights:

In June 2020, Eli Lilly started a phase 3 trial of arthritis med Olumiant in COVID-19, hoping to show the JAK inhibitor could cut the rate of death or the need for ventilation in hospitalized patients.
In May 2020, Pfizer Inc. and BioNTech SE announced that the first participants have been dosed in the U.S. in the Phase 1/2 clinical trial for the BNT162 vaccine program to prevent COVID-19. The trial is part of a global development program, and the dosing of the first cohort in Germany was completed last week.
In April 2020, Sanofi and GSK announce that they have signed a letter of intent to enter into a collaboration to develop an adjuvanted vaccine for COVID-19, using innovative technology from both companies, to help address the ongoing pandemic. Sanofi will contribute its S-protein COVID-19 antigen, which is based on recombinant DNA technology. GSK will contribute its proven pandemic adjuvant technology to the collaboration.
Analyst View:

An increasing number of clinical trials

An increasing number of clinical trials drive the growth of the vaccine and drug market. For instance, on 17th April 2020, the National Medical Products Administration of China approved Two COVID-19 inactivated vaccines for phases 1 and 2 combined trials. Additionally, in March 2020, two major pharma companies, Pfizer and BioNTech declared a joint venture to co-develop and distribute coronavirus vaccine. Similarly, in April 2020, Johnson & Johnson proclaimed to produce to 900 million COVID-19 vaccines by the first quarter of 2021. Therefore, the outbreak of the pandemic has stirred share activity in the vaccine and drug market leading to its growth.

At present, about 155 molecules are under clinical investigation, and around 45 molecules are under preclinical development to be targeted against COVID-19. In which, four promising drugs have been repurposed for use against COVID-19.

Remdesivir
Chloroquine and hydroxychloroquine
Ritonavir/lopinavir
Ritonavir/lopinavir and interferon-beta
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global COVID-19 Impact on Vaccines & Drugs Market”, By Type (Vaccine and Drugs), By End-user (Hospitals, Clinical, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2025

Key Market Insights from the report:

The global COVID-19 vaccines market accounted for US$ 2.6 billion in 2020 and is estimated to be US$ 1.5 billion by 2025 and is anticipated to register a CAGR of -10.4%

The global drugs market accounted for US$ 156.0 billion in 2020 and is estimated to be US$ 2.3 billion by 2025 and is anticipated to register a CAGR of -57.0%. The market report has been segmented on the basis of type, end-user, and region.

By type, the global COVID-19 impact on vaccines & drugs market is segmented into vaccine and drugs
By the end-user, the hospital segment estimated for the highest share of the critical care devices market in 2019, due to the strong financial capabilities of hospitals for purchasing high-priced critical care devices. Moreover, the large patient pool treated at hospitals, the growth in the number of make-shift hospitals, and the presence of trained professionals to operate these critical care devices also fuels the growth of this segment.
By region, North America is the dominating region in terms of market share across the globe due to the presence of major pharma companies in the region which have the funds to develop the vaccine

Competitive Landscape:

The prominent player operating in the global COVID-19 impact on vaccines & drugs market includes Pfizer, Inc., Serum Institute of India, Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Sanofi S.A, Gilead Sciences, Inc., Merck KGaA, and Janssen Pharmaceuticals, Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Request Discount:-
https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4359

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Contact Us:
Mr Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
Email: sales@prophecymarketinsights.com“

About us:
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Key Trends and Application Analysis of COVID-19 vaccines Market here

News-ID: 2147071 • Views:

More Releases from Prophecy Market Insights

Floating Power Plant Market: Powering the Future of Renewable Energy
Floating Power Plant Market: Powering the Future of Renewable Energy
Introduction The Floating Power Plant Market is rapidly emerging as a transformative solution to the world's growing energy needs. With increasing global demand for sustainable, flexible, and decentralized power generation, floating power plants (FPPs) are gaining traction as they can be deployed in offshore waters, lakes, and reservoirs. These plants integrate renewable energy sources like wind, solar, and wave energy with conventional power systems, providing a reliable energy mix. Driven by rising
AI-Enabled Kitchen Appliances Market: Driving the Future of Smart Living
AI-Enabled Kitchen Appliances Market: Driving the Future of Smart Living
Introduction The AI-Enabled Kitchen Appliances Market is experiencing unprecedented growth as artificial intelligence becomes a core component of modern homes. With the rise of smart homes, connected devices, and consumer demand for convenience, AI-driven appliances are redefining the way people cook, store, and manage food. From refrigerators that track expiry dates to ovens that auto-adjust based on recipes, these innovations are revolutionizing kitchens worldwide. Industry forecasts suggest that the market will witness
Europe Dominates 2024 Residential Energy Storage Market, Poised for 9.5% CAGR Growth
Europe Dominates 2024 Residential Energy Storage Market, Poised for 9.5% CAGR Gr …
The Residential Energy Storage Market is witnessing strong momentum, expected to grow from USD 2.8 billion in 2024 to USD 6.8 billion by 2035, expanding at a robust CAGR of 9.5% (2025-2030). Europe led the global market in 2024 owing to its significant investments in renewable energy integration, supportive government policies, and growing demand for energy independence. Unlock the full potential of the Residential Energy Storage Market with in-depth insights, market
Commercial Refrigeration Equipment - A Cornerstone for Food Quality and Sustainability, Market to Reach USD 71.8 Billion by 2035
Commercial Refrigeration Equipment - A Cornerstone for Food Quality and Sustaina …
The Commercial Refrigeration Equipment Market is set for significant expansion, growing from USD 43.0 billion in 2024 to USD 71.8 billion by 2035, progressing at a CAGR of 5.3% (2025-2035). The Asia Pacific region held the largest share in 2024 and continues to dominate due to rising demand for advanced refrigeration solutions across retail, foodservice, and cold-chain logistics. Gain in-depth insights into the Commercial Refrigeration Equipment Market, including regional forecasts, emerging

All 4 Releases


More Releases for America

Stabilit America Highlights Applications of Fiberglass Roof Panels with Stabilit …
Roofing materials are very important in the realm of modern construction, as they should be long lasting, economical and attractive. Fiberglass roof panels are a few of the numerous choices among several alternatives that have received a reputation of being versatile, long life, and adaptable in various sectors. They are favored by the architects, contractors, and property developers due to their lightweight construction, resistance to weather factors, and the ease
Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth