Global Vaccine Market: Overview
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.
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.
Global Vaccine Market: Drivers and Restraints
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.
Global Vaccine Market: Regional Segmentation
The key regions methodically examined in the research report are North America, Asia Pacific, Europe, and Rest of the World. North America will be a lucrative market throughout the forecast horizon. The growth of the region can be attributed to the increasing initiatives by governments for immunization against diseases such as HPV and influenza along with a large number of private and public organizations pouring funds into the research and development of novel vaccines. Moreover, the presence of advanced and well-established healthcare infrastructure and facilities is providing a fillip to the growth of the region.
Asia Pacific is anticipated to rise at a noteworthy CAGR during the same period, primarily owing to the expanding base of patients coupled with high unmet clinical needs. Emerging countries such as China and India will be the major revenue contributors to the growth of the region. The rising disposable income and growing awareness regarding the benefits of vaccines are fuelling the growth of the region.
Global Vaccine Market: Competitive Landscape
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.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.