NEW YORK, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Vaccines Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the vaccine market, Market scope, Market segmentation, and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The purpose of the Vaccines report is to provide a detailed analysis of the Vaccine industry and its impact based on applications and different geographical regions. This industry analysis report contains market data that can be relatively essential when it comes to dominating the market or making a mark in the market as a new emergent. It also strategically analyses growth trends and future prospects. This market research report is a resource for getting current as well as upcoming technical and financial details of the industry to 2030. Vaccines market survey report also enlists the foremost competitors and gives insights into the strategic industry analysis of the key factors influencing the vaccine industry.
The vaccines market document employs a range of steps for collecting, recording, analyzing, and interpreting market data to make this report all-inclusive. The data and the information concerning the vaccine industry are derived from unswerving sources such as websites, annual reports of the companies, journals, and others and were checked and validated by market experts. This industry analysis document speaks about the manufacturing process, type, and applications. The market report endows with the list of the leading competitors and their moves such as joint ventures, acquisitions, and mergers, etc. The vaccines business report also makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market.
Data Bridge Market Research analyses that the vaccines market, which is USD 67.57 billion in 2022, is expected to reach USD 152.39 billion by 2030, at a CAGR of 10.7% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Vaccine is a biological component that promotes the formation of antibodies against various infections already present in the body. It is typically created utilizing pathogens and chemical medications that serve as antigens to ward off sickness. Conjugate vaccines, inactivated vaccines, live attenuated vaccines, recombinant vaccines, and toxoid vaccines are the most common types in the market. They aid in the prevention of several serious illnesses, such as hepatitis, measles, polio, diphtheria, meningitis, influenza, tetanus, and rotavirus.
As the number of reported COVID cases increased overall, people worldwide anticipated a vaccine capable of combating the virus. The vaccine market is expected to develop due to the rising demand for coronavirus vaccines. Governments and medical regulators accelerated vaccine development due to the epidemic's severity, even though normal vaccine development needed years to complete the necessary testing. According to the WHO, as of July 27, 2021, there were roughly 108 COVID-19 vaccines in the clinical development stage, 184 vaccines in the pre-clinical development stage, and 21 vaccines had already received approval.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the Vaccines Industry. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Vaccines market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Recent Developments
- In 2021, GlaxoSmithKline plc announced that they submitted a Biologics License Application (BLA) to the USFDA for its experimental vaccination PRIORIX. Over 100 nations have recently granted licenses for the vaccine, initially registered in Germany.
- In 2020, GlaxoSmithKline plc and Medicago Inc., two of Mitsubishi Tanabe Pharma Corporation's subsidiary companies, announced their collaboration. They established a partnership to create a plant-based virus-like particle (VLP) vaccine for COVID-19
The Vaccines Market is Dominated by Firms Such as
- Merck & Co., Inc. (U.S.)
- Pfizer Inc. (U.S.)
- GSK plc (U.K.)
- Sanofi (France)
- Serum Institute of India Pvt. Ltd. (India)
- AstraZeneca (U.K.)
- Johnson & Johnson Private Limited (U.S.)
- Indian Immunologicals Ltd. (India)
- Novasep (France)
- MerckKGaA (Germany)
- Charles River Laboratories (U.K.)
- uniQure N.V. (Netherlands)
- Waisman Biomanufacturing (U.S.)
- Creative-Biogene (U.S.)
- Aldevron (U.S.)
- Addgene (U.S.)
- Oxford Biomedica (U.K.)
- Thermo Fisher Scientific (U.S.)
- Fujifilm Corporation (Japan)
- Spark Therapeutics Inc. (U.S.)
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The investment made in the study would provide you access to information such as:
- Vaccines Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country-wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Vaccines Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
Opportunities for Key Players:
- Technological advancements in vaccine administration will act as an opportunity
Modern vaccination technologies are primarily motivated by the desire to hasten response times to new threats and make vaccines readily available for rapid deployment. The development of vaccines against challenging targets and the improvement of delivery technologies for maximal potency are also at the center of innovation in the vaccines sector. The creation of synthetic vaccine candidates, genetic analyses of disease progression and vaccine response, structure-based antigen design, and nanoparticle delivery methods are a few examples of vaccine delivery technology breakthroughs
Key Market Segments Covered in Vaccines Industry Research
Composition
- Combination Vaccines
- Monovaccines
Type
- Subunit
- Recombinant
- Polysaccharide
- Live-Attenuated Vaccines
- Toxoid Vaccines
- DNA Vaccines
Kind
- Routine Vaccine
- Recommended Vaccine
- Required Vaccine
Age of Administration
- Pediatric Vaccine
- Adult Vaccine
Diseases
- Pneumococcal Disease
- Measles
- Mumps
- Varicella
- DPT
- Hepatitis
- Typhoid
- Meningococcal
- Rabies
- Japanese Encephalitis
- Yellow Fever
- Others
Route of Administration
- Injectable
- Oral
- Nasal
End User
- Community Hospitals
- Hospitals
- Specialty Centres
- Clinics
- Others
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
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Key Industry Drivers:
- Several initiatives undertaken by organizations will propel the market growth
Organizations, governments, and vaccine producers have launched several programs to advance vaccine development and availability. Through the ACT Accelerator, the World Health Organization worked with researchers, companies, and international health organizations to accelerate the pandemic response. The United States government began Operation Warp Speed (OWS) in March 2020. OWS was tasked with creating and distributing 300 million COVID-19 vaccinations by January 2021. The World Health Organization (WHO) Access to COVID-19 Tools (ACT) Accelerator, led by the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi, the Vaccine Alliance, and the WHO, was launched in April 2020, and it includes the COVAX program, collaborating with vaccine producers to provide low-cost COVID-19 vaccines to countries.
- The rising use of vaccines will bolster the market growth
India's pharmaceutical market share was only $500 million in 2012, which was less than ideal. At the time, vaccine-preventable fatalities claimed approximately two million Indian lives annually, most of whom were children. India recognized a chance to improve business possibilities nationwide and make things right for its inhabitants. The Indian vaccine business saw substantial growth, reaching around $ 1.3 billion in 2019 because of increased vaccine development and outreach initiatives.
Vaccines Market Regional Analysis/Insights:
The countries covered in the vaccines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the vaccine market due to several important businesses and sophisticated healthcare infrastructure. The development of new vaccines such as rotavirus, pneumococcal conjugate, and human papillomavirus vaccine promises new opportunities for cost reduction and establishing new supply chains and distribution logistics
Asia-Pacific is expected to grow at the highest rate in the forecast period of 2023 to 2030 due to the growing patient population, rising healthcare industry investment, and expanding government assistance
Unlocking the Key Findings: Must-Read Insights on Vaccines Market
- Key insights related to the Vaccines market as covered in the report
- Comprehensive SWOT analysis and informative graphics of the top companies in the market
- Detailed value chain analysis of the leading players in the industry
- In-depth analysis of the latest trends shaping the market across different regions
- Overview of recent mergers, acquisitions, collaborations, and partnerships within the industry
- Accurate revenue growth projections for the forecast period
- Analysis of growth drivers and factors contributing to market expansion
- Identification of emerging niche markets and regional growth opportunities
- Empirical evaluation of the market curve, past, present, and future
- Thorough assessment of the market's potential from both a value and volume perspective
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Vaccines Market: Regulations
- Market Overview
- Global Vaccines Market, By Composition
- Global Vaccines Market, By Type
- Global Vaccines Market, By Kind
- Global Vaccines Market, By Age of Administration
- Global Vaccines Market, By Diseases
- Global Vaccines Market, By Route of Administration
- Global Vaccines Market, By End User
- Global Vaccines Market, By Distribution Channel
- Global Vaccines Market, By Region
- Global Vaccines Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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