Travelers Vaccines Market 2017 : Opportunities,Company Analysis And Forecast To 2025

A vaccine is a chemical and biological preparation that helps fight a particular disease and boosts immunity. It contains an agent similar to a disease-causing organism, composed from the killed form of the microbe. The vaccine could be prophylactic or therapeutic. The term “vaccine” is derived from “variolae vaccinate” (cowpox). According to the World Health Organization, there are currently 25 licensed vaccines available to prevent infection. Their efficacy depends on the following parameters: the disease itself, the strain of the vaccine, schedule of vaccination, and the patient’s ethnicity & genetic predisposition. With rising globalization, the number of people travelling internationally is anticipated to increase, boosting the demand for travel products and propelling the market for travel vaccines substantially in the next couple of years. Various infectious diseases are prevalent in specific regions.

Depending on the type of composition, traveler vaccines are divided into two categories: mono and combination. Approvals by regulatory authorities specify the age group for receiving these vaccines. Combination vaccines are a rapidly expanding segment. They aid the prevention of infectious disease such as meningococcal diseases, Japanese encephalitis, and hepatitis A. Based on the type of use, these vaccines are split into the following varieties:

Attenuated vaccines
Inactive vaccines
Subunit vaccines
Toxoid vaccines
Conjugate vaccines
DNA vaccines
Recombinant vector vaccines

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The low risk of serious side-effects in a fetus and educational & awareness initiatives by various government and non-profit organizations are factors driving the market. Growing preference for outsourcing of vaccines in developing and under-developing countries and the surge in outbound travel & vaccination coverage due to rising awareness drive the traveler’s vaccines market. However, strict regulatory pathways and high costs associated with new vaccine discoveries & development as well as the transportation, storage, and handling of existing vaccines restrict the market.

Geographically, the U.S. is likely to dominate the human vaccines market in North America. The combination vaccines segment is anticipated to expand rapidly, followed by attenuated and recombinant vaccines. In terms of product, the meningococcal vaccines segment is poised to develop at a high rate, while the combination vaccines segment presents major opportunities in North America. The European Medicines Agency has issued scientific guidelines on vaccines. Registration in the region could be done through the centralized, mutual recognition-based, or national procedures. These are responsible for the clinical evaluation of new vaccines & adjuvants in vaccines for human use and for providing a dossier structure & content for marketing authorization. In India, the Central Drugs and Standards Control Organization is the responsible body for vaccine regulation. It approves vaccines introduced in the country, grants permission to conduct clinical trials, and registers & controls the quality of imported vaccines. This group also provides various technical and policy-related factors about immunization programs in India and motivates the traveler’s vaccines market. The Saudi Ministry of Health (Saudi Food and Drug Authority) is the responsible body for regulation of vaccines in Saudi Arabia. The government of the country runs routine vaccination programs for flu, influenza, and other diseases, creating an opportunity for the traveler’s vaccines market.

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Key players in the traveler’s vaccines market include GlaxoSmithKline, Merck, Pfizer, and Sanofi.

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