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Ipv Vaccines Market to See Booming Growth 2024-2031 | GlaxoSmithKline Plc, Sanofi S.A., Serum Institute of India Pvt. Ltd

05-22-2024 03:04 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Ipv Vaccines Market to See Booming Growth 2024-2031 |

Market Overview:

IPV or Inactivated Polio Vaccine is used to immunize individuals from polio. These vaccines are made from killed poliovirus strains and are administered via intramuscular injection.

Market Dynamics:

The IPV vaccines market is driven by surging government initiatives to promote immunization programs, especially in developing regions. Majority of governments are focusing on eliminating poliomyelitis and have launched nationwide vaccination drives. This has significantly bolstered the demand for IPV vaccines. Additionally, growing awareness about immunization and availability of public-funded vaccination centers have also contributed to the market growth. Furthermore, rising investments by vaccine manufacturers to develop cheaper and advanced IPV vaccines are expected to provide new opportunities over the forecast period.

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Market Drivers Boosting Growth of the IPV Vaccines Market

Governments across the world are focusing considerably on expanding immunization coverage and promoting vaccination programs in their countries. This is owing to the realization that vaccination helps in significantly reducing morbidity and mortality from vaccine-preventable diseases. International agencies like WHO and UNICEF are also working actively with various national governments to strengthen their immunization programs. As a result, in recent years the uptake of different vaccines including IPV vaccines has increased substantially.

Market Restrain for the IPV Vaccines Market

While IPV vaccines are effective in protecting against paralytic polio, they are significantly more expensive than the oral polio vaccines (OPV). The high cost poses a barrier, especially in low and middle-income countries with limited healthcare budgets. Generics or cheaper alternatives to branded IPV vaccines could help address this issue. However, manufacturers have so far focused more on developed markets where price is not a major concern. This has restrained the overall growth potential of the IPV vaccines market.

Some of the Top Players in Ipv Vaccines Market:

GlaxoSmithKline Plc, Sanofi S.A., Serum Institute of India Pvt. Ltd., PT Bio Farma, and AJ Vaccines

Market Segmentation:

By Vaccine Brand: Poliovac (Pfs/Sd), Shanipv, Poliorix, Ipol/Imovax, Polymilex
By Distribution Channel: Private, Public

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Key Market Trend in the IPV Vaccines Market

Traditionally, IPV vaccines were administered as standalone shots. However, with advancements in vaccinology, manufacturers are now focusing on developing pentavalent and hexavalent combination vaccines that can provide protection against 5-6 diseases including polio with a single shot. This offers advantages like safer administration through fewer injections and better patient compliance. The trend of shifting to IPV-containing combination vaccines is gaining momentum. It is anticipated to pick up further in the coming years. This shift will be a defining trend that shapes the future evolution of the IPV vaccines market.

Reasons to Purchase this Report:

👉Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
👉Reports provide opportunities and threats faced by suppliers in the Ipv Vaccines industry around the world.
👉The report shows regions and sectors with the fastest growth potential.
👉A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
👉The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
👉This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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Questions Answered by the Report:

(1) Which are the dominant players of the Ipv Vaccines Market?
(2) What will be the size of the Ipv Vaccines Market in the coming years?
(3) Which segment will lead the Ipv Vaccines Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Ipv Vaccines Market?
(6) What are the go-to strategies adopted in the Ipv Vaccines Market?

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Mr. Shah
Coherent Market Insights Pvt. Ltd,
📞Phone: U.S.: +1-206-701-6702
📞U.K.: +44-020-8133-4027
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✉ Email: sales@coherentmarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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