Vaccine Market Demand is Increasing
The overall vaccine industry has strengthened itself in terms of its growth rate, with a relatively higher growth rate than most other healthcare market segments. Vaccination has been an invaluable addition to better public health, and has helped millions of children, adults and animals from deadly diseases. The CDC stated in a report that diseases such as diphtheria, polio, and smallpox have been fully eliminated, while measles, tetanus, and rubella are some of the disease that have been greatly controlled within the U.S., through timely administration of vaccines. Thus, vaccination is considered as the most effective form of all preventive measures.
View Report @ http://www.transparencymarketresearch.com/us-vaccine-market.html
The U.S. vaccine market is projected to expand at a CAGR of 4.3% from 2014 to 2020.
Education and Awareness Bode Well for Vaccination Rates
The U.S. human vaccine market is expected to expand swiftly owing to drivers such as the lowered risk of serious and fatal side effects with vaccination, increasing awareness regarding vaccination among common people as well as healthcare providers, federal government’s strict recommendations for immunization against certain diseases, and growing demand for adult vaccines. Similarly, the U.S. animal vaccine market is likely to be propelled by the rising incidence rates of zoonotic diseases and the growing risk factor of animal to human transfer of diseases and infections. The rate of pet adoptions is also rising, especially in urban locations, along with a growth in the consumption rate of poultry products and meat. Over the recent past, a number of remarkable animal vaccines have made it through the pipeline and past approvals, including Once PMH IN and Prime Pac PRRS+ further improving the growth rate of this market.
However, increasingly strict guidelines and regulations for the lengthy and time consuming approval process has resulted in the increase in cost of several new vaccines. The development efforts on future pipeline vaccines is also slowing down due to the high costs of development, thereby restraining the U.S. human vaccine market. The manufacturers and distributors of both human and animal vaccines also face the issues related to storage, handling, and transportation of vaccines. Manufacturers require heavy usage of cold storage chains for over 90% of all vaccines currently produced, in order to prevent loss of potency and efficacy by exposure to higher temperatures, considerably increasing the costs of transportation and equipment maintenance.
Pneumococcal Vaccines to Top Charts Till 2020
The U.S. human vaccine market can be classified into pediatric and adult vaccines, in terms of the type of vaccines. Based on antigens, the U.S. human vaccine market has been categorized into hepatitis, influenza, meningococcal, pneumococcal, human papillomavirus (HPV), combination vaccines and others. Among these, combination vaccines market had represented the leading antigen segment in human vaccines for 2013, based on revenue generation.
Get accurate market forecast and analysis on the U.S. Vaccine Market. Request a sample to stay abreast on the key trends impacting this market.
The animal vaccines market in the U.S. have been segmented into livestock and companion vaccines. The latter segment is further categorized into canine and feline, while livestock vaccines segment can be been segmented into ovine, poultry, porcine, bovine, and equine. Canine vaccines took a relatively larger share than the feline vaccines in 2013, in terms of revenue, due to the higher average cost of canine vaccinations.
The U.S. human vaccine market is dominated by players such as GlaxoSmithKline PLC, Sanofi, Pfizer, Ltd., Merck & Co., Inc., and Novartis International AG. These players have successfully cornered critical areas of the market through the introduction of innovative vaccines and new ones in the pipeline. Zoetis, Inc., Merck & Co., Inc. (Merck Animal Health), Sanofi (Merial, animal health division of Sanofi) and Boehringer Ingelheim are the key companies in the U.S. animal vaccine market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vaccine Market Demand is Increasing here
News-ID: 675232 • Views: 449
More Releases from Transparency Market Research
A2 Milk Market Research is projected to grow at a 10.2% CAGR over 2018-2028 - TM …
There has been an increasing interest in A2 milk all over the world. It has almost 20 since New Zealand-based A2 Milk Company started its journey in the production of A2 milk. The company went on to license its intellectual property for the purpose of determination of protein type in cow milk. The A2 Milk Company Limited, Pura Milk, Jersey Dairy, Fonterra Co-operative Group Limited,China Mengniu Dairy Co. Ltd., and
Fruits and Vegetable Powder Market is increasing due to the increasing vegan pop …
With the shift in preferences of health-conscious customers, manufacturers in the food industry are focusing on utilizing health benefiting food products. To offer healthy food products, food manufacturers are converting raw fruits and vegetables into the powdered form. In order to develop innovative food products with different flavors, food industries and food retail outlets are utilizing fruits and vegetable powder as an important ingredient. Fruits and vegetable powder is considered
Acacia Fiber Market generating the demand of the high fibrous food | 2018 - 2026
In the global nutraceutical market, the demand of fibrous food products is at its peak due to increasing health problems such as obesity and other health-related problems, which are generating the demand of the high fibrous food. Acacia fiber which is soluble in water and slowly digestible which leads to decrease the hunger and also give the feeling of the full stomach for a long duration. These factors drive the
Organic Rice Syrup MarketTo Register High Revenue Growth During 2018-2026
Many rice products are used as an ingredient in food preparation, but all of them might not be rice based. One of such rice products is organic rice syrup, which is used as an ingredient in the preparation of various food products. Organic rice syrup is a low-calorie sweetener used as an alternative to high fructose corn syrup. It is made by fermenting organic rice which includes no synthetic agents,
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the