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Adult and Adolescent Vaccines Market to Discern Magnified Growth by 2021
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With increasing prevalence of various cancer (cervical cancer) and infectious diseases (hepatitis A & B) accentuates the growth of the global adult and adolescent vaccines market. In addition, government initiatives for adult and adolescent vaccines also demands the market growth. The high cost of these vaccines might restrict the global adult and adolescent vaccines market.
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Geographically, North America and Europe dominates the global market for adult and adolescent vaccines due to increased awareness among people and rising prevalence of cervical cancer in these continent. Asia-Pacific holds the third position in adult and adolescent vaccines market owing to increasing prevalence of infectious diseases. The market for adult and adolescent in RoW region is at initial stage and is considered as an untapped market.
Major market players contributing the global market share of adult and adolescent vaccines includes Merck KGAa, GlaxoSmithKline, Novartis AG, Pfizer and Sanofi Aventis.
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