Vaccines Market SWOT Analysis by Keyplayers Bharat Biotech, Biological E Limited, Bio Farma, Emergent BioSolutions Inc., Dynavax Technologies, Valneva SE, Bavarian Nordic, Altimmune, Merck Sharp & Dohme Corp. (a subsidiary of Merck & Co., Inc.), Takeda Ph

The vaccines market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.9% in the forecast period of 2021 to 2028 and is expected to reach USD 61,988.47 million by 2028. Growing immunization programs and campaigns and high prevalence of chronic conditions such as flu and bacterial infectious diseases are the major drivers which has propelled the demand of the vaccines market in the forecast period.

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Competitive Landscape and Vaccines Market Share Analysis

Bharat Biotech, Biological E Limited, Bio Farma, Emergent BioSolutions Inc., Dynavax Technologies, Valneva SE, Bavarian Nordic, Altimmune, Merck Sharp & Dohme Corp. (a subsidiary of Merck & Co., Inc.), Takeda Pharmaceutical Company Limited, Seqirus (a subsidiary of CSL Limited), Abbott, AstraZeneca, Sanofi, Pfizer Inc., Janssen Global Services, LLC (a subsidiary of Johnson & Johnson Services, Inc.), F. Hoffmann-La Roche Ltd, DAIICHI SANKYO COMPANY, LIMITED, ALK, Panacea Biotec Ltd, BAXTER VACCINES (a subsidiary of Baxter), GlaxoSmithKline plc, Lanzhou Biological Products Research Institute Co., Ltd., Serum Institute of India Pvt. Ltd.

Vaccines are the product that has the capability to reduce the risk of getting a disease by working with the body’s own immune system in order to build up the protection against the deadly pathogens. Various kinds of vaccines have discovered for life threatening diseases which are preventing around 2-3 million deaths every year caused due to diseases such as tetanus, diphtheria, pertussis, measles and influenza among others.

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New and novel vaccine launch earns the patients beliefs and provides market with a new future that can have a positive effect on the vaccines market growth. Moreover, new vaccine launch is also depicting that market players are constantly engaged in the vaccines market growth. This thus signifies that introduction of innovative products acts as driver for the vaccines market growth. The regulation processes and document formation of the manufacturing companies in different countries can hamper the growth of the vaccines market. The market players operating in vaccines market are adopting several strategic initiatives expected to provide opportunity for their business in various dimensions and leading the vaccines market growth. The fear among patients related to injections and needle sticks acts as challenge for the vaccines market growth.

Vaccines Market Scope and Market Size

• On the basis of composition, the vaccines market is segmented into combination vaccines, monovaccines. In 2021, combination vaccines segment is dominating the market because combination vaccines are effective against multiple diseases by administration of a single shot.
• On the basis of type, the vaccines market is segmented into subunit, recombinant, polysaccharide and conjugate vaccines, live-attenuated vaccines, inactivated vaccines, toxoid vaccines and DNA vaccines. In 2021, subunit, recombinant, polysaccharide and conjugate vaccine segment is dominating the market because these vaccines have been reported to induce strong immune response on almost everyone who needs them including people with weakened immune systems and long-term health problems.
• On the basis of kind, the vaccines market is segmented into routine vaccine, recommended vaccine and required vaccine. In 2021, routine vaccine segment is dominating the market because these are mostly used for childhood vaccination and government is putting major emphasis on childhood vaccination all over the world.
• On the basis of age of administration, the vaccines market is segmented into pediatric vaccine and adult vaccine. In 2021, pediatric vaccine segment is dominating the market because children are more prone to infectious disease among other due to developing immune system and hence needs proper vaccination.
• On the basis of diseases, the vaccines market is segmented into pneumococcal disease, measles, mumps & varicella, DPT, hepatitis, influenza, typhoid, meningococcal, rabies, Japanese encephalitis, yellow fever and others. In 2021, pneumococcal disease segment is dominating the market because of rising prevalence on pneumonia infection and increasing immunization campaign launch for the betterment of the population.
• On the basis of route of administration, the vaccines market is segmented into injectable, oral and nasal. In 2021, injectable segment is dominating the market because most of the vaccines are administered via parenteral route and induces strong systemic response when injected via same route.
• On the basis of end user, the vaccines market is segmented into community hospitals, hospitals, specialty centres, clinics and others. In 2021, community hospitals segment is dominating the market because most of the vaccination and immunization is carried out by regulatory bodies and concerned authorities.
• On the basis of distribution channel, the vaccines market is segmented into hospital pharmacy, retail pharmacy and online pharmacy. In 2021, hospital pharmacy segment is dominating the market because vaccines are directly procured from the company distributors.

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Global Vaccines Market Country Level Analysis

The countries covered in the global vaccines market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and rest of Middle East and Africa.

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