openPR Logo
Press release

Coronavirus Vaccine Market 2020 Global Trends, Comprehensive Research Study, Development Status

10-09-2020 03:33 PM CET | Health & Medicine

Press release from: MarketResearch.Biz

“Global Coronavirus Vaccine Market Insights, Trends, Opportunities, Market Growth Rate, Revenue Shares, and Forecast: 2020 to 2029” is an upcoming research report, being comprehensively collated through vetted sources at MarketResearch.biz. The report contains information and data, as well as inputs that have been verified and validated by target market experts. This report presents an in-depth study of revenues, historical data and information, key developments, and strategies by major players that provide vital insights and perspectives into various market scenarios. In addition to critical data, the report includes key ongoing trends, factors that are presently influencing market growth, factors that are or can be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges that existing as well as new market entrants can expect to encounter. The global coronavirus vaccine market is segmented on the basis of infection type, vaccine type, end user, as well as regions and countries.

Get Research Sample Copy: https://marketresearch.biz/report/coronavirus-vaccine-market/request-sample/

Overview

Coronaviruses are a group of viruses that can cause infection or diseases in mammals as well as birds. Coronaviruses belong to the Coronaviridae or Torovirinae subfamily. Human coronaviruses, abbreviated as HCoV, were discovered in the 1960s. The earliest identified were two viruses from the nasal cavities of individuals suffering from common cold, and bronchitis virus in chickens. Symptoms caused by these viruses may range from, the common cold to serious infections, severe respiratory complications, pneumonia, and even kidney failure and death. Individuals with cardiopulmonary diseases, weak immune systems, or infants, and elderly people stand a higher probability of becoming infected. HCoV was then named HCoV 229E and HCoV OC43. Other infections of this group identified since then include SARS-CoV in 2003, HCoV NL63 in 2004, HKU1 in 2005, MERS-CoV in 2012, and 2019-nCoV in 2019.

In humans, the virus can cause mild infections such as respiratory tract infection, including the common cold; however, it can also cause rarer forms of infection such as Middle East Respiratory Syndrome (MERS) or Severe Acute Respiratory Syndrome (SARS), which can be lethal. In pigs and cows, the virus can cause diarrhea; whereas in chickens, the virus can cause respiratory diseases. The word ‘coronavirus’ is derived from the Latin word ‘corona’, which means crown, and refers to the crown-like appearance of coronavirus particles. Coronavirus spreads through sneezing, coughing, or sharing cups or bottles of water being used by someone who is infected. Also, this group of viruses can be spread from one person to another through physical contact. Common symptoms include coughing, sore throat, sneezing, respiratory infection, fever, and breathing difficulties. Some precautions that can be taken as preventive measures, or to minimize the effects of coronavirus infections include protecting the eyes, exercising proper hand hygiene, equipment disinfection, the regular use of medical masks, and the use of Personal Protective Equipment(PPE).

Now, before any type of categorization and ranking can be attributed to respective companies or partnerships for their relentless efforts in securing an effective vaccine against the Wuhan virus, there must be a clear understanding between the different stages of clinical trials in the pursuit of an effective vaccine, as well as the different type of vaccines being presently explored by the global scientific community.

Beginning with clinical trials, there are 6 general stages of classification when it comes to a clinical trial process chart. The stages are as follows:

Pre-clinical: New vaccine testing on cells and animals for immune response observation

Phase 1 – Vaccines testing safety and dosage

Phase 2 – Vaccines in expanded safety trials

Phase 3 – Vaccines in large—scale efficacy tests

Limited – Vaccines approved for early or limited use

Approved – Vaccines approved for full use.

The different types of vaccines being explored are:

Genetic vaccines – Vaccines that use one or more of the coronavirus’s own genes to provoke an immune response.

Viral vector vaccines – Vaccines that use a virus to deliver coronavirus genes into cells. These cells make viral proteins, provoking an immune response, but the virus cannot replicate.

Protein—based vaccines – Vaccines that use a coronavirus protein or a protein fragment to provoke an immune response

Whole-virus vaccines –Vaccines that use an inactive or weakened version of the virus to provoke an immune response

Repurposed vaccines – Vaccines already in use for other diseases that may protect against COVID-19

On the 25th of August, 2020, the World Health Organization (WHO) released a draft landscape of COVID-19 candidate vaccines, which states that there are 142 vaccine candidates for pre-clinical evaluation, and 31 candidate vaccines presently listed for clinical trials, of which, only 8 of them are awaiting phase 3 approval. Listed below, in particular order, are the names of the 8 manufacturers or collaborations that are working on vaccines presently in phase-3:

University of Oxford/AstraZeneca - ISRCTN89951424, NCT04516746

Sinovac – NCT04456595, 669/UN6.KEP/EC/2020

Wuhan Institute of Biological Products/Sinopharm – ChiCTR2000034780

Beijing Institute of Biological Products/Sinopharm - ChiCTR2000034780

Moderna/NIAID – NCT04470427

BioNTech/Fosun Pharma/Pfizer – NCT04368728

While some countries such as China and Russia have fast-forwarded the process of approving vaccines without awaiting phase-3 test results, this has been cited by several industry experts as an approach that may have dire risks to the individuals who are administered these vaccines. Although there are numerous other companies and partnerships that are increasingly focused on exploring this subject of interest, according to the WHO, the ones listed above are frontrunners in the race to secure an effective vaccine.

Global Coronavirus Vaccine Market: Drivers and Restraints

Wuhan City, China, was the epicenter of the COVID-19 outbreak, and since then, it has rapidly spread across several countries in the Asia Pacific region, as well as the world, endangering millions of lives in the process. This catastrophic pandemic has spurred a flurry of activity by key industry players to develop an effective vaccine/s. In addition, the on-going replenishment of essential medicinal stock required to treat the various symptoms caused by this virus is currently in full swing. The demand for preventive drugs and other related products is also rising exponentially, as countries around the world look for ways to soften the blow being dealt by this pandemic. This is a major factor expected to significantly fuel market growth in the foreseeable future. Key players in the biotech sector, including pharmaceutical companies & research organizations, such as the National Institutes of Health (NIH), US, BioCryst Pharmaceuticals Inc., Zydus Cadila, AbbVie Inc., Serum Institute of India, Regeneron Pharmaceuticals Inc., Inovio Pharmaceuticals Inc., Bharat Biotech International Ltd., Novavax Inc., Sanofi S.A., Vir Biotechnology, etc., are being aided by respective governments to develop novel vaccines and preventive drugs capable of combating this deadly virus.

Technological advancements in the pharmaceutical sector including the development of nucleic acid vaccines that are DNA and RNA-based, and which enable the human body to produce vaccine antigens. Such initiatives and activities are projected to contribute to future market growth for this global industry.

Other major factors expected to compliment future revenue growth of this global market include, increasing healthcare expenditures, growing concerns regarding outbreaks at regular intervals, and the growing need to protect populations across the globe from known as well as unencountered virus strains. The 2019–2020 coronavirus outbreak is slated to have a detrimental impact on the revenue growth of various global industries, thereby affecting overall global GDP. For instance, tourism in the semi-autonomous Chinese territory of Macau, has dropped by 73.6% from 2019 to 2020 amid the Wuhan coronavirus outbreak, according to statistics released by their government recently. Governments and healthcare authorities are increasingly focused on securing aid in the form of drugs to treat infected individuals, as well as vaccines to avoid the further spread of this virus.

However, the high-costs associated with the research & development of therapeutic drugs and vaccines, as well as the time required for each phase of clinical trials are among some of the major factors that could hamper market growth of this global industry in the foreseeable future.

Regional Market Insights: Global Coronavirus Vaccine Market

North America is slated to account for the highest number of revenue shares of the global coronavirus vaccine market in the coming years, followed by the markets in Europe. This can be attributed to the presence of major industry players in this region, increasing investments towards R&D activities, as well as strong support from the government, in the form of aid and other initiatives. Revenue from the markets in the Asia Pacific region are slated to expand at the highest CAGR in the foreseeable future, owing to the increasing demand and need for novel preventive therapeutics as well as effective vaccines to treat their vast target markets, is a major factor that expected to continue to fuel the revenue growth of this market.

Source: https://marketresearch.biz/report/coronavirus-vaccine-market/

Contact Us At

Mr. Benni Johnson
MarketResearch.Biz (Powered By Prudour Pvt. Ltd.)
420 Lexington Avenue, Suite 300
New York City, NY 10170,
United States
Tel: +1 347 826 1876
Website: https://marketresearch.biz
Email ID: inquiry@marketresearch.biz

MarketResearch.biz is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. MarketResearch.biz offers services such as data mining, information management, and revenue enhancement solutions and suggestions. We cater to industries, individuals, and organizations across the globe, and deliver our offerings in the shortest possible turnaround time.

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 Coronavirus Vaccine Market 2020 Global Trends, Comprehensive Research Study, Development Status here

News-ID: 2153242 • Views: 264

More Releases from MarketResearch.Biz

Artificial intelligence In Healthcare Market Poised To revolutionize the healthc …
The research report on the international Artificial Intelligence in Healthcare market is a compilation of intelligent, broad studies research so one can assist players and stakeholders to make informed business choices in future. It gives precise and reliable suggestions for players to better address challenges inside the global Artificial Intelligence in Healthcare market. Furthermore, it comes out as a powerful resource providing up to date and verified information and records
Submarine Fiber Cable Market Succour CAGR of 6.2% By 2028
The first five-year cumulative revenue (2019–2023) is projected to be around US$ 20.2 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. Submarine fiber cable or Subsea cable is designed to permit the interconnection of two or more terminal stations, and to transfer the communication signal from one place to another. Global Submarine Fiber Cable Market: Market Dynamics Rising demand for higher bandwidth
Global Solid Control Equipment Market On The Basis Of Usability, Technology, Pro …
The "Global Solid Control Equipment Market Analysis & Trends - Industry Forecast to 2027" report has been added to MarketResearch.Biz offering. Global Solid Control Equipment Market: Overview: The overall global Solid Control Equipment Market is probably going to demonstrate a lucrative growth, because of tough competition witnessed among the major industry participants across the market, claims a research report by MarketResearch.Biz. This industry report analyzes the market estimates and forecasts of all
Use of Targeting Pods in Fighter Aircraft & Ground-Attack Aircraft
Targeting pods are target designation tools used by fighter aircrafts and ground-attack aircraft for surveillance, ground attacks, and to auto-track targets. Targeting pods have advance laser imaging sensors that aids in high quality image processing with superior quality digital video output. Increasing adoption of embedded targeting systems by aircraft manufacturers is a key factor hampering growth of the global targeting pods market. In addition, technical glitches and concerns regarding reliability of

All 5 Releases


More Releases for Vaccine

Influenza Vaccine Market | DPIResearch.com
According to the DPI Research new growth forecast report titled “Worldwide Influenza Vaccines Market Size | Forecast to 2027” to Witness Comprehensive Growth by 2027 DPI Research published a new report on Worldwide Influenza Vaccines Market. The research offers an extensive analysis of key players active in the Worldwide Influenza Vaccines Market. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research.
Tetanus Toxoid Vaccine Market
The report for Global Tetanus Toxoid Vaccine Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. Market Highlights: Tetanus is an infectious disease caused by Clostridium tetani characterized by muscle spasms. The spasms may be very severe and even cause bone
Key Tools for Innovative Vaccine Designs: Vaccine Adjuvants
The report “NORTH AMERICA VACCINE ADJUVANTS MARKET” provides the detail description of market segmentation, applications, growth, size, and outlook. The market is projected to reach USD $278 Million by 2024, at a CAGR of 11.3%. An adjuvant is an immunological agent, which modifies the effect of other agents. Adjuvants can also act as an irritant, which engages and amplifies the body immune response. Adjuvants are added to vaccines to boost the
Vaccine Market Demand is Increasing
U.S. Vaccine Market: Snapshot The overall vaccine industry has strengthened itself in terms of its growth rate, with a relatively higher growth rate than most other healthcare market segments. Vaccination has been an invaluable addition to better public health, and has helped millions of children, adults and animals from deadly diseases. The CDC stated in a report that diseases such as diphtheria, polio, and smallpox have been fully eliminated, while measles,
Global HIV Vaccine Market & HIV Vaccine Clinical Trial Outlook 2022
Worldwide, around the 35 Million of the people are currently infected with the HIV and about 30 Million of the people died because of the AIDS infection. There is no human example of clearing an HIV infection naturally. HIV virus makes copies of it very quickly, many types of HIV exist and new types of virus are continue to rise. Many scientists are still trying to understand the specific ways
Peanut Allergy Vaccine Market
Allergies are medical conditions caused primarily by hypersensitivity of the immune system to some external stimulus. Allergy may cause anaphylaxis—a medical condition that can cause irritation of the skin, swelling of throat, shortness of breath, and in some cases, death. Allergies are caused by various allergens such as pollen grains, or certain foods such as peanuts. Vaccination is the process of administering antigenic material or a vaccine to stimulate one’s