Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global Vaccines market projected to trigger by the emerging vaccines for malaria, HIV, Ebola, dengue, etc., and the rising awareness about early disease diagnosis and prevention
Global Vaccines market likely to grow with a noteworthy rate during the forecast period, 2020-2027. It is primarily attributed to the surge in demand for better healthcare infrastructure and high awareness levels of the benefits of immunization. Moreover, the growing demand for vaccinations due to the rise in the incidence of both viral and bacterial infectious diseases are key factors expected to propel the growth of the vaccines market. Also, various governments' focus on immunization programs helps in creating awareness about safety. Additionally, the mounting of various companies' initiatives to augment vaccine research and development coupled with various organizations like WHO and the government support for vaccine development is estimated to accelerate the robust growth of the global vaccines market in the coming years. It is estimated that immunizations can prevent 2 to 3 million deaths from diphtheria, tetanus, pertussis, and measles each year.
With the general improvement of human living standards and the continuous increase of awareness of disease prevention, the global vaccine markets will continue to expand. The investment in vaccine research and development has gradually increased, and the research and development technology has gradually matured. The number and variety of new domestic vaccine products have continued to increase. According to WHO, immunization currently prevents 2-3 million deaths every year, and an estimated 19.4 million children are under the age of one year who did not receive essential vaccines. Also, WHO states that in 2018, about 116.3 million infants received three doses of diphtheria-tetanus-pertussis vaccines. WHO estimated that by 2018, 129 countries had reached at least 90% coverage of DTP3 vaccine.
Type Overview in the Global Vaccines market
Based on type, the global Vaccines market classified into Monovalent Vaccines and Multivalent Vaccines. The Monovalent Vaccines segment likely to gain maximum revenue by 2027, as it is used to place only one type of poliovirus circulates and reduced the risk of integration into the genome as compared to other traditional vaccines.
Technology Overview in the Global Vaccines market
Based on technology, the global Vaccine market segregated into Conjugate Vaccines, Inactivated & Subunit Vaccines, Live Attenuated Vaccines, Recombinant Vaccines, and Toxoid Vaccines. The Conjugate Vaccines segment accounted for the major share in 2019 for the vaccine market, due to their ability to elicit immunological memory and to reduce asymptomatic carriage of the bacteria, resulting in marked herd immunity.
Disease Indication Overview in the Global Vaccines market
Based on disease indication, the global vaccines market classified into Pneumococcal Disease, DTP, Influenza, HPV, Meningococcal Disease, Polio, Hepatitis, Rotavirus, and Others. The Pneumococcal Disease segment projected to lead the market attributable to the rising immunization concerns against a number of predominant pneumococcal diseases like middle ear infection, a blood infection, pneumonia, or bacterial meningitis.
Patient Type Overview in the Global Vaccines market
Based on patient type, the global Vaccines market bifurcates into Paediatric Patients and Adult Patients. The paediatric patient segments estimated to generate maximum revenue in the vaccine market by 2027. It is due to the surge in demand for infants, such as BCG vaccines, MMR vaccines, and DPT vaccines.
Distribution Channel Overview in the Global Vaccines market
Based on the distribution channel, the global Vaccines market categorized into Institutional Sales, Hospital Pharmacies, Retail Pharmacies, and Others. Institutional Sales segments are likely to lead the market by 2027 due to the various government's health organization aids in growing awareness regarding infectious diseases, especially for paediatrics.
Regional Overview in the Global Vaccines market
By geography, the Global Vaccines market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America accounted for a significant share in 2019. It will continue by 2027, owing to the surge in the healthcare expenditure, the presence of extensive research and development activities, and government initiatives.
Global Vaccines market: Competitive Landscape
Companies such as GlaxoSmithKline plc, Pfizer, Inc., Sanofi Pasteur, Merck & Co., Inc., CSL Limited, Emergent BioSolutions, Inc., Johnson & Johnson, AstraZeneca, Serum Institute of India Pvt. Ltd., Bavarian Nordic, Mitsubishi Tanabe Pharma Corporation, Daiichi Sankyo Company, Limited, Panacea Biotec, Biological E, Bharat Biotech, Sinovac Biotech Ltd., Incepta Vaccine Ltd., Valneva SE, VBI Vaccines Inc., and PT Bio Farma are the key players in the Global Vaccines Market.