A vaccines is a biological preparation that helps to fight against any particular diseases and boost up the immunity. A vaccines contain an agent that similar to a disease causing organism and it is made from weakened or killed form of microbes. The vaccines can be prophylactic or therapeutic. According to the world health organization currently licensed vaccines are available to prevent around twenty five infections. The efficacy of the vaccine is depends on disease pathophysiology, the stain of the vaccine, the schedule of the vaccination, ethnicity, and genetic predisposition. As the globalization is increasing, the international traveling will also keep increasing. This create the demand for travel vaccines. The prevalence of infectious diseases are very specific in specific region. Moreover vaccines are widely used as a preventive measure against the known infectious diseases. The travelers are educated to follow the region-specific immunization plan.
Depend on the types of composition, the traveler’s vaccines are of two types, mono vaccines and combination vaccines. The combination vaccines are the fastest growing segment in traveler’s vaccines as compare to the mono vaccines as they reduces the number of injection required, indicated to treat multiple disease such as diphtheria, tetanus & pertussis, and increase immune compliance. Depends on the type of uses, the vaccines are of following types:
- Attenuated vaccines
- Inactive vaccines
- Subunit vaccines
- Toxoid vaccines
- Conjugate vaccines
- DNA Vaccines
- Recombinant vector vaccines
Extreme low risk of serious side effects on fetus and educational & awareness programs through the various government and nonprofit organization are factors that help to boosts the market. Growing preferences for outsourcing of vaccine in the developing and under developed countries open the path to boosts the traveler’s vaccines market. It is expected to grow because of the increase in outbound travel and increase in vaccination coverage due to its awareness. Whereas strict regulatory pathway and high cost associated with new vaccine discovery and development resist the market growth. Addition to it, high cost associate with vaccine transportation, storage, and handling also restrain the market growth.
Geographically, the U.S. is likely to dominate the human vaccines market in North America. The combination vaccines segment is anticipated to expand at a high base in North America, followed by the attenuated vaccines and recombinant vaccines segments. In terms of product, the meningococcal vaccines segment is poised to expand at a high rate. In Europe, increase in demand for vaccination and increase in research and development expenditure boost the traveler’s vaccines market. Asia Pacific is an emerging market for traveler’s vaccine market due to the developing healthcare infrastructure and rising government expenditures by conducting educational & awareness programs. In Middle East and African countries the development of the healthcare project and economy help to boost traveler’s vaccine market. However, affordability issues and poor patient education are factors restraining the market growth. The Government of Saudi Arabia runs routine vaccination programs for flu, influenza, and other vaccines in the country that create an opportunity in the traveler’s vaccine market.
Major Key players in the travel vaccine market include GlaxoSmithKline plc, Merck & Co., Inc, Pfizer Inc., and Sanofi S.A.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.