Vaccines Market: Study Navigating the Future Growth Outlook, Top Major Companies: Johnson & Johnson Services, Bavarian Nordic, VBI Vaccines Inc., Astellas Pharma, Panacea Biotec Limited, Sanofi

The Insight Partners market research study titled ‘Vaccines Market - Global Analysis and Forecasts by Technology, Disease Indication, Route of Administration, and Patient Type.

A vaccine is a biological preparation that provides active acquired immunity against a particular disease. A vaccine consists of an agent that resembles or is a part of the disease-causing microorganism and is often made from weakened or killed forms of the microorganism, its toxins, or one of its surface proteins.

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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.

The market players are focused towards bringing new and innovative products and services to sustain their position in the market. For instance, in December, 2018, The European Commission has granted marketing authorization for Dengvaxia, Sanofi’s dengue vaccine. The marketing authorization follows the October 18, 2018, recommendation by the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) to approve use of the dengue vaccine in European endemic areas. The developments performed by the companies are helping the market to grow in the coming years.

The report segments the vaccines market as follows:

– By Technology

Recombinant vaccines
Conjugate Vaccines
Live Attenuated Vaccines
Inactivated Vaccines
Toxoid Vaccines

– By Disease Indication

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

– By Route of Administration

Oral
Injectable

– By Patient Type

Adult Patients
Pediatric Patients

Industry Insights of Vaccines Market:

- Rising prevalence of infectious diseasesis expected to boost the market growth over the years.

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.

- Increasing Support for Vaccine Development

In addition to the funds from traditional research-funding institutions, the Gates Foundation has invested hundreds of millions of dollars in R&D of new vaccines against the leading killers of children and adults everywhere.

- TechnologyInsights

The vaccines market by technology is segmented into recombinant vaccines, conjugate vaccines, live attenuated vaccines, inactivated vaccines, and toxoid vaccines. In 2019, the conjugate vaccines segment held a largest market share in the vaccines market, By Technology.

- Patient Type Insights

The global vaccines market on the patient type is segmented into pediatric patients and adult patients. In 2019, the pediatric segment held a largest market share in the vaccines market, by patient type. This segment is also expected to dominate the market in 2027 as external immunization is necessary for the new borns.

- Route of Administration Insights

Based on route of administration, the vaccine market is segmented into oral, injectable, and other routes of administration. In 2019, the injectable segment held the largest share in the market. However, oral route of administration segment is estimated to register the highest CAGR of in the market during the forecast period.

Strategic Insights

Product approvals and collaborationswere observed as the most adopted strategy in global vaccines industry. Few of the recent product key developments are listed below:

2019: Merck, known as MSD outside of the United States and Canada, announced that V114, the company’s investigational 15-valent pneumococcal conjugate vaccine, has received Breakthrough Therapy Designation from the U.S. Food and Drug Administration (FDA) for the prevention of invasive pneumococcal disease (IPD).

2018: The European Commission has granted marketing authorization for Dengvaxia, Sanofi’s dengue vaccine. The marketing authorization follows the October 18, 2018, recommendation by the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) to approve use of the dengue vaccine in European endemic areas.

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