Vaccines Market Global Analysis, Growth, Size, Share, Trends, Forecast to 2028

DBMR

The  vaccines market  is expected to experience market growth during the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.9% during the forecast period of 2021 to 2028 and is expected to reach USD 61,988.47 million. by 2028. Growth in vaccination programs and campaigns and high prevalence of chronic diseases such as influenza and bacterial infectious diseases are the major drivers propelling the demand for the vaccines market during the forecast period .

Vaccines   are the product that has the ability to reduce the risk of contracting a disease by working with the body’s immune system to enhance protection against deadly pathogens. Different types of vaccines have been discovered for life-threatening diseases that prevent approximately 2–3 million deaths each year from diseases such as tetanus,   diphtheria  , whooping cough, measles, and influenza, among others.

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Vaccines Market Scope and Market Size

The vaccines market is segmented on the basis of composition, type, type, age of administration, diseases, route of administration, end user and distribution channel. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between your target markets.

  • On the basis of composition, the vaccines market is segmented into combination vaccines, monovaccines. In 2021, combination vaccines segment dominates the market as combination vaccines are effective against multiple diseases by administration of a single injection.
  • On the basis of type, the vaccines market is segmented into subunit,   recombinant  , polysaccharide and conjugate vaccines, live attenuated vaccines, inactivated vaccines, toxoid vaccines and DNA vaccines. In 2021, the segment of subunit, recombinant, polysaccharide and conjugate vaccines is dominating the market as these vaccines have been reported to induce a strong immune response in almost everyone who needs them, including people with compromised immune systems. weakened and long-term health problems.
  • On the basis of type, the vaccines market is segmented into routine vaccine, recommended vaccine, and required vaccine. In 2021, routine vaccines segment is dominating the market as they are mainly used for childhood vaccination and the government is emphasizing on childhood vaccination across the world.
  • Based on the age of administration, the vaccines market is segmented into pediatric vaccine and adult vaccine. In 2021, the pediatric vaccines segment dominates the market as children are more prone to infectious diseases, among others due to the development of the immune system and therefore require proper vaccination.
  • On the basis of diseases, the vaccines market is segmented into pneumococcal disease, measles, mumps and varicella, DTP,   hepatitis  , influenza, typhoid, meningococcal, rabies, Japanese encephalitis, yellow fever and others. In 2021, the pneumococcal disease segment is dominating the market owing to the increasing prevalence of pneumonia infection and increasing launch of vaccination campaigns for the welfare of the people.
  • Based on route of administration, the vaccines market is segmented into   injectable  , oral and nasal. In 2021, the injectable segment dominates the market as most of the vaccines are administered parenterally and induces a strong systemic response when injected through the same route.
  • On the basis of end user, the vaccines market is segmented into community hospitals,   hospitals  , specialty centers, clinics and others. In 2021, the community hospital segment dominates the market as the major part of vaccination and immunization is performed by the regulatory bodies and concerned authorities.
  • Based on the distribution channel, the vaccines market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy. In 2021, the hospital pharmacy segment dominates the market as vaccines are purchased directly from company distributors.

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Country Level Analysis of the Global Vaccines Market

The global vaccines market is analyzed and market size information is provided on the basis of composition, type, type, age of administration, diseases, route of administration, end user and the distribution channel, as indicated above. The countries covered in the Global Vaccines Market report are US, Canada, Mexico, Germany, UK, France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, rest of Europe. , Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, Saudi Arabia, South Africa, United Arab Emirates, Israel, Kuwait, Egypt and rest of the Middle East and Africa.

The combination vaccines segment in the North America region is expected to grow with the highest growth rate during the forecast period from 2021 to 2028, as the vaccines are effective against multiple diseases by the administration of a single injection . The United States is leading the growth of the vaccine market in North America and the combination vaccine segment dominates in the country owing to the increasing prevalence of government investment in combination vaccination. Germany is leading the growth in the Europe region and the combination vaccines segment dominates the vaccines market owing to the increasing prevalence of multiple influenza-related diseases and infections.

The country section of the report also provides individual market impacting factors and regulatory changes in the national market that impact current and future market trends. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major indicators used to forecast the market scenario for each country. In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of sales channels are considered while providing a forecast analysis of national data.

Competitive Landscape and Vaccines Market Share Analysis

Vaccines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, production sites and facilities , company strengths and weaknesses, product launch, product testing pipelines, product approvals, patents, product breadth and scope, application dominance, technology lifeline curve . The data points provided above are only related to the direction of the company related to the vaccine market.

The major companies involved in the global vaccines market report are Bharat Biotech, Biological E Limited, Bio Farma, Emergent BioSolutions Inc., Dynavax Technologies, Valneva SE, Bavarian Nordic, Altimmune, Merck Sharp & Dohme Corp. (a subsidiary of Merck & Co., Inc.), Takeda Pharmaceutical Company Limited, Seqirus (a subsidiary of CSL Limited), Abbott, AstraZeneca, Sanofi, Pfizer Inc., Janssen Global Services, LLC (a subsidiary of Johnson & Johnson Services , Inc.), F. Hoffmann-La Roche Ltd, DAIICHI SANKYO COMPANY, LIMITED, ALK, Panacea Biotec Ltd, BAXTER VACCINES (a subsidiary of Baxter), GlaxoSmithKline plc, Lanzhou Biological Products Research Institute Co., Ltd., Serum Institute of India Pvt. ltd. among other global and national actors. Many product launches and deals are also initiated by the companies around the world which are also accelerating the vaccine market.

For instance,

  • In November 2020, GlaxoSmithKline plc and Medicines for Malaria Venture presented positive data (TEACH study) on tafenoquine used for the treatment of Plasmodium vivax malaria in children and adolescents. During the four months of examination, 95% of the 60 subjects studied showed no signs of Plasmodium vivax malaria. The findings were presented at the virtual American Society of Tropical Medicine and Hygiene 2020 annual meeting. This helped the company to advance on the product for the treatment of malaria and provide the evidence for its product.

Market player’s collaboration, product launch, business expansion, rewards and recognition, joint ventures, and other strategies enhance the company’s market in the vaccines market, which also offers the advantage to the organization of improving its vaccine offer.

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