Vaccine Market Significant Growth Is Driven by Increasing Initiatives by Governments for Immunization against Diseases in Region

Vaccination has been approved as one of the best methods for the prevention of infectious diseases by many international organizations such as the World Health Organization (WHO). The rising prevalence of diseases plays a central role in the growth of the global market for vaccines. Governments worldwide are striving to ensure good health of the people in their country. Therefore, there is a strong demand for vaccines from government bodies, various advisory and regulatory bodies that keep a check on vaccine safety and quality, pooled procurement agencies, and private sectors. Some of the vaccinations available in the market are human papillomavirus (HPV), Hepatitis A and B, influenza, meningococcal, combination vaccines, and pneumococcal.

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The research report takes into account the historic and current scenario to estimate trends of the global vaccine market in the foreseeable future. It offers insights into statistics and dynamics pertaining to the market at both global and regional level. For a better understanding, the report segments the market on the basis of various criteria such as products and antigens. It provides a detailed analysis of the competitive landscape of the market. It profiles the key players in the market along with their market shares, latest developments, business strategies, and contact information.

Over the past few years, the global vaccine market has exhibited tremendous growth and is likely to progress at a similar pace for the forthcoming years. The low risk of serious side effects associated with vaccines is resulting in a positive response from diverse demographics. Vaccine manufacturers are working towards the improvement of existing vaccines as well as the development of new vaccines, which is also providing a significant push to the market.

However, manufacturers have to invest considerable capital and undergo stringent regulatory approval processes for the development and approval of new vaccines. The handling, storage, and transportation of vaccines involve high cost. Moreover, the global vaccine market is highly dependent on donor policies and public purchasers, which amplifies the complexity of assessing and understanding pricing and procurement.

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The overall dermatological diagnostics and therapeutics industry is forecast to witness tremendous growth rate and reach $38 million by the year 2013 with annual growth rate of 8.7%. Rising pressure is also forcing the companies to engage into licensing agreements and help them to expand their product portfolio and improve competitive positions in industry.

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The strong foothold of players such as Pfizer Inc., GlaxoSmithKline Plc., Novartis AG, and Sanofi is making the global vaccine market a highly concentrated arena. Several key players are focusing on mergers and acquisitions to expand their business across different regions. The continuous efforts by them to develop new and effective vaccines is intensifying the competitive rivalry in the market.

The market is highly regulated and capital intensive, which is creating high entry barriers for new players. Some other prominent players in the global vaccines market are Boehringer Ingelheim, Emergent Biosolutions Inc., Bavarian Nordic, Medimmune LLC., Merck & Co. Inc., CSL Ltd., and Zoetis Inc.

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