Global Oral Vaccines Market
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Development of new delivery system for oral vaccines may result in more efficiency of these products and may result in less failure rate for clinical trials. Development of low cost oral vaccines for new indications not yet covered by existing vaccines presents huge opportunity for researchers in this field as this may increase the uptake of countries with low immunization accessibility. Currently, several oral vaccine products are being evaluated in clinical trials, but they require more extensive human studies to establish the efficacy.
Based on product type, the global oral vaccines market has been classified as live attenuated vaccines, killed/inactivated vaccines, recombinant vaccines and others (ribosomal fractions, antigenic preparations). Among all product types, killed/inactivates vaccines segment is expected to take maximum share in the global market due to high adoption for safety and efficacy.
Based on end user, the global oral vaccines market has been classified as hospitals, clinics, government vaccination centers, and research institutes. Government vaccination centers are expected to contribute highest market share in the global oral vaccines market due to strong patient pool towards national immunization programs.
On the basis of regional presence, global oral vaccines market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global market due to existence of highly planned healthcare reimbursement schemes and power of purchasing expensive vaccines In the U.S. Oral vaccines hold special advantage in developing countries where there is a high incidence of infectious diseases and also simple logistics for oral vaccines are highly effective for mass immunization programs.
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Some of the players operating in global oral vaccines market are GlaxoSmithKline Plc., PaxVax Corporation, Merial, Inc., Merck Sharp & Dohme Corp. (a subsidiary of Merck & Co. Inc.), VALNEVA Canada Inc., QUÍMICA SUIZA S.A., Immunitor, Inc., Aventis (Sanofi S.A.), Serum Institute of India Pvt. Ltd., Swiss Serum and Vaccine Institute Berne, Bull Bio - NCIPD Ltd., Vaxart, Inc., Shantha Biotechnics, Crucell (Janssen Global Services, LLC) and others. Development of oral HIV vaccines is expected to bring a revolutionary change in the infectious disease landscape in some of the African and Latin American countries.
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