Vaccine is a biological product employed to improve the body immunity for a certain disease. A vaccine normally comprises an agent that bears resemblance with a disease-producing microorganism. It is often made of de-stabilized or killed forms of the microorganism, one of its surface proteins, or its toxins. These agents stimulate the immune system of the body to identify an external article or agent and remember it so that the immune system can more easily recognize the external particle or microorganism and destroy it when encountered later. New vaccine formulations, combinations, and compositions have significantly advanced in recent times. Currently, 12 vaccines have been included in the Expanded Program on Immunization (EPI), in comparison to the unique four vaccines suggested when the EPI was initiated in 1974.
Addition of novel vaccines to the EPI program not only protects lives but also raises the complexity and cost of vaccine delivery, mostly in low-resource settings. A majority of vaccines require storing in the cold chain and they are delivered by a skilled health care professional via a syringe injection and conventional needle. Vaccination programs need inventive methodologies that simplify vaccine delivery by eliminating the requirement for a cold chain; reducing the vaccine packet; facilitating the administration; and decreasing the amount of medical waste. In addition, quantifiable tools which model the potential health system assistances, on the basis of these, novelties can define as the potential value proposition for novel technologies and efficiently supporter for their growth. Accepting the task of vaccination programs helps to describe the requirement for novel technologies and notifies the growth of products with qualities that are more possible to effectively influence the coverage.
Acceptance of needle-free method for administering vaccines in human body is gaining momentum due to rising awareness to avoid injuries and pain associated with the usage of a needle stick. The Centers for Disease Control & Prevention states that 385,000 severe injuries containing needle-stick injuries occur every year in hospitals in the U.S. Advanced technologies in the vaccine administration and their growing acceptance are driving the vaccine delivery devices market. Increasing concerns of national institutions, organizations, and key companies in novel delivery technologies are anticipated to propel the market in the near future. Various international organizations and governments are increasingly spending on vaccination programs. For example, the U.K. government declared funding of up to GBP 1 Mn from its Global Challenges Research Fund of the Medical Research Council to examine the Zika virus and its spread. Organizations such as GAVI Alliance, WHO, Path, and Bill & Melinda Gates Foundation are actively involved in the field of vaccines. Several governments are also taking different immunization programs on priority.
The global vaccine delivery devices market can be segmented based on type of delivery device, route of administration, end-user, and geography. Based on type of delivery device, the market has been classified into syringes, jet injectors, and others. Based on route of administration, the market has been segmented into intradermal vaccination, intramuscular vaccination, subcutaneous vaccination, and others. Based on end-user, it has been divided into hospital pharmacies, retail pharmacies, online pharmacies, and clinics & vaccination centers.
Based on geography, the global vaccine delivery devices market has been segmented into five regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Major players in the global vaccine delivery devices market are Pharmajet, Inc., Valeritas, Schott Vaxxas, Gerresheimer AG, AG, 3M, Corium International, Inc., Becton Dickinson & Company, and BioJect Medical Technologies, Inc. (Inovio Pharmaceuticals, Inc.).
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.