Global Recombinant Vaccines Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
National Immunization Program by Queensland Government in Australia and Indradhanush vaccination program in India works to provide vaccination among children throughout the nation. Various organizations such as World Health Organization, World Bank, and United Nations Children’s Funds has also taken and initiative to increase vaccination.
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The report segments the global recombinant vaccines market on basis of product type, end user, disease type and geography. On the basis of product type, the market is categorized into subunit recombinant vaccines, attenuated vaccines, and vector recombinant vaccines. Among these, the vector recombinant vaccines segment dominates the recombinant vaccines market throughout the forecast period. On the basis of disease type, the market is categorized into infectious disease, cancer, allergy, and others. On the basis of end user, the market is categorized into recombinant human vaccines and animal recombinant vaccines. On the basis of geography, the market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all regions, North America contributes major market share supported by increased awareness among people and increase in infectious and viral diseases.
It is expected that increase in focus towards awareness with respect to vaccination against vaccine preventable diseases and increased in the demand for recombinant will favor the growth of recombinant vaccines market in the near future. According to Children’s Hospital of Philadelphia report 2014, there were around 85% of children over the globe vaccinated to protect them against tuberculosis, polio, diphtheria, tetanus, pertussis, and measles and these vaccines.
Government has launched various vaccination program such as global vaccine action plan with aim to introduce new and improved vaccines, increase in research and technology for the development of new vaccines and eradication of vaccine preventable diseases such as rubella, measles and polio. According to Children’s Hospital of Philadelphia report 2014, around 3 million people die from vaccine-preventable diseases each year around the globe. Approximately 1.5 million of these deaths are reported among children less than 5 years of age due to several infectious diseases, as they transmitted from one person to another.
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