Press release
Hepatitis B Vaccines Market Growth to be Fuelled by 2021
The first and second doses provide full protection against infection. Final or third injection is given to prolong the effect of hepatitis B vaccine. As a result of this medication, an immune system is developed in the patient’s body which produces an antibody to HBsAg. This antibody is called as anti-HBs. This antibody provides protection against hepatitis B infection. In addition, immune system memory helps to provide resistance against hepatitis B virus. The global market for hepatitis B vaccine is growing at a significant rate due to increasing number of cases with hepatitis B infection. In addition, growing population and growing awareness for improved healthcare facilities is increasing the global market for hepatitis B vaccine. Various types of hepatitis B vaccines are available in the market, such as recombinant DNA vaccines that is produced by insertion of hepatitis B virus.
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North America dominates the global hepatitis B vaccines market due to increasing prevalence of hepatitis B infection cases and improved healthcare facilities in the region. In addition, government initiatives and more awareness among the people are some of the major factors driving the hepatitis B vaccines market. Asia, followed by Europe, is expected to experience high growth rate in the next few years in hepatitis B vaccines market. China and India are expected to be the fastest growing hepatitis B vaccines markets in Asian region. This is due to large investment by various major companies in these countries. Some of the key driving forces for hepatitis B vaccines market in emerging countries are large pool of patients, rising government funding and improvement in the healthcare facilities.
One of the major factors driving the global hepatitis B vaccines market includes increasing number of hepatitis B infection cases. In addition, increasing awareness about the treatment of disease and government initiatives are driving the global hepatitis B vaccines market. However, some of the factors such as high cost and non-willingness by people for any kind of vaccination are restraining the global hepatitis B vaccines market.
Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for global hepatitis B vaccines market. In addition, growing awareness and innovation of some new type of medications with better efficiency are expected to offer good opportunity for global hepatitis B vaccines market. Inadequate coverage of vaccines is one of the major challenges faced by global pediatric interventional cardiology devices market.
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Some of the latest trends that have been observed in global hepatitis B vaccines market include companies involved in mergers and acquisitions. In addition, it has been observed that companies are involved in R&D and product launches of more efficient products. Some of the major companies involved in global hepatitis B vaccines market are Merck, GlaxoSmithKline, Sanofi Pasteur and Human Biologicals Institute, a division of Indian Immunologicals Limited. Some other companies dealing having significant presence in the global hepatitis B vaccines market are Dynavax Technologies, LG Life Sciences, Janssen Pharmaceuticals and Kaketsuke.
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