Global Vaccine Market will Reach USD 59.20 Billion In 2020: AtoZResearch

The report covers forecast and analysis for the vaccine market on a global and regional level. According to the report, global demand for vaccine was valued at over USD 32.2 billion in 2014, is expected to reach above USD 59.2 billion in 2020 and is anticipated to grow at a CAGR of slightly above 11.0% between 2015 and 2020.The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the vaccine market on a global level.

Introduction of new vaccines for various diseases is escalating growth of the vaccine market. Also rise in frequency of diverse infectious diseases such as swine flu, influenza, Ebola, hepatitis, tuberculosis, diphtheria, meningococcal diseases, and pneumococcal diseases worldwide has increased the use of vaccines. Besides, the notable rise demand of the existing vaccines is predicted to enhance the growth of market. Government initiative to generate awareness among people for vaccination is also supporting the market growth. However, high maintenance, strict laws of regulatory and huge expense for development of new vaccines could pose challenge for the vaccine market. Government funding for R&D of new vaccines for diseases like HIV and cancer offers novel opportunity for vaccine market.

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In order to give the users of this report a comprehensive view on the vaccine market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the vaccine market has also been included. The study encompasses a market attractiveness analysis, wherein technology segments are benchmarked based on their market size, growth rate and general attractiveness.

Technological advancement in use of vaccine includes inactivated, subunit, conjugate, live attenuated, toxoid, dendritic cell and synthetic. Live attenuated is the recommended technology and accepted worldwide followed by inactivated technology. Two types of vaccine are therapeutic vaccine and preventive vaccine. Preventive vaccine was the leading type due to escalating awareness among people for prevention from various infections.

End users for the ingestion or injection of vaccine are infants, early aged and post aged group. Infants and early aged populace are vaccinated on large basis due to government initiative for protecting children from various diseases. The indication segment for vaccine includes allergy, infectious disease, and tumors among others. Infectious disease was one of the major indications due to increase in number of infectious and contiguous diseases globally.

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North America emerged as prominent regional market owing to rising government support for R&D of vaccines, growing company investments for vaccine research, and high occurrence of different diseases in this region. The vaccine market is segment into Europe, Asia-Pacific, Latin America, and Middle East & Africa, further divergence of region on the country level, which includes U.S., Germany, UK, France, China, Japan and India.

The study provides a decisive view on the vaccine market by segmenting the market based on technology, type, end-users, indication and region. Inactivated, subunit, conjugate, live attenuated, toxoid, dendritic cell and synthetic are the technological segments of the vaccine market. Preventive and therapeutic are the two types of vaccine. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Pfizer, CSL Limited, GlaxoSmithKline, plc, MedImmune, LLC, Novartis AG, Sanofi Pasteur, Merck and Company, Johnson and Johnson and Emergent BioSolutions Inc among others.

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