Vaccines Market is Estimated to Reach USD 155.39 billion by 2030: Cognitive Market Research

Market Overview:
- A preparation that is used to stimulate the body's immune response against diseases is referred to as a vaccine. Most vaccines are given by needle injection, although some can also be taken by mouth or sprayed into the nose. Immune responses that fight illness are produced when the immune system is stimulated by vaccines. A vaccine typically consists of an agent that resembles disease-causing microbes and is made from weakened or killed forms of the microbe, its toxins, or one of its surface proteins. This agent stimulates the immune system to recognize the agent as a threat, destroy it, and further recognize and destroy any microorganisms associated with that agent that it may encounter in the future.

Summary:
- As per CMR study, the vaccines market stood at USD 68.57 billion in 2022 and is expected to reach USD 155.39 billion by 2030, at a CAGR of 10.8% during the forecast period 2023 to 2030.

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Market Dynamics:
- The increasing prevalence of emerging and re-emerging infectious diseases, and introduction of several vaccination programs by governments across various endemic regions, and the increased sensitivity of the geriatric & pediatric population to lethal diseases are the major driving factors for the growth of the vaccines market. The demand for vaccines is further stimulated by the growing involvement of numerous international organizations, including WHO, UNICEF, World Bank, Bill & Melinda Gates Foundation, etc. in developing suitable immunization facilities in endemic regions.
- Further, increasing investment in research and development by the different governments and companies for vaccine preparation will create lucrative opportunities for the vaccine market. However, the high cost of several vaccines per dose limits the vaccine market's growth. For instance, the cost of the vaccines for hepatitis A/Hepatitis B, Infanrix is higher, which can limit the growth of the market in developing or low-income nations.

Market Segmentation:
- Composition
• Combination Vaccines
• Monovaccines

- Technology
• Recombinant Vaccines
• Conjugate Vaccines
• Live-Attenuated Vaccines
• Inactivated Vaccines
• Toxoid Vaccines

- Kind
• Routine Vaccine
• Recommended Vaccine
• Required Vaccine

- Age Group
• Pediatric Vaccine
• Adult Vaccine

- Type of Diseases
• Pneumococcal Disease
• Measles
• Mumps
• Varicella
• DPT
• Hepatitis
• Influenza
• Typhoid
• Meningococcal
• Rabies
• Japanese Encephalitis
• Yellow Fever
• Others

- Route of Administration
• Injectable
• Oral
• Nasal

- End User
• Community Hospitals
• Hospitals
• Specialty Centres
• Clinics
• Others

- Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

- Competitive Analysis for Vaccines Market: GSK, Sanofi, Merck, Pfizer, Novartis (GSK), CSL, MedImmune  LLC, J&J Crucell), China National Biotec, Tiantan, Hualan, Kangtai, Hissen, Jintan

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Regional Analysis:
- North America is estimated as the largest market for vaccines and is projected to grow with the highest CAGR during the forecast period, owing to the increased research and development investment in vaccines, strong awareness about vaccines, and the presence of major manufacturers. On the other hand, the APAC region is expected to witness tremendous growth in the market. This is due to the growing population in developing economies like India, China, and others, increasing healthcare expenditure, and government initiatives regarding vaccines in rural areas.

News:
- Bharat Biotech: India launched its first nasal Covid vaccine (January 2023)
Made by Bharat Biotech, iNCOVACC is administered in the form of drops and stimulates an immune response in the tissues that line the nasal cavity. The vaccine will cost 800 rupees ($10; £8) per dose in private hospitals and 325 rupees per dose in government hospitals.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Vaccines Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Vaccines Market Segmentation
1.5.1 Vaccines Market Regional Fragmentation
1.5.1 Vaccines Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Vaccines Market
• 3.1 Global Vaccines Market Size 2018 - 2030, (USD Million)
• 3.2 Global Vaccines Market Statistics 2022: Snapshot
Chapter 4 Global Vaccines Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Vaccines Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Vaccines Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Vaccines Market by Technology Segmentation Analysis (2018-2030)
Chapter 11 Global Vaccines Market by Age Group Segmentation Analysis (2018-2030)
Chapter 12 Global Vaccines Market by Type of Diseases Segmentation Analysis (2018-2030)
Chapter 13 Global Vaccines Market by Route of Administration Segmentation Analysis (2018-2030)
Chapter 14 Global Vaccines Market Regional Analysis
Chapter 15 North America Vaccines Market Outlook (2018 - 2030)
Chapter 16 Europe Vaccines Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Vaccines Market Outlook (2018 - 2030)
Chapter 18 Latin America Vaccines Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Vaccines Market Outlook (2018 - 2030)
Chapter 20 Research Finding
To know more Vaccines Market TOC click here: https://www.cognitivemarketresearch.com/vaccines-market-report#table_of_contents

Related Report:
• Animal Vaccines Market- https://www.cognitivemarketresearch.com/animal-vaccine-market-report
• Nucleic Acid Vaccines Market- https://www.cognitivemarketresearch.com/nucleic-acid-vaccine-market-report
• Conjugate Vaccines Market- https://www.cognitivemarketresearch.com/conjugate-vaccine-market-report

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