Hepatitis B Vaccine Consumption- Market Scope
The hepatitis B vaccine is a vaccine designed to protect against the hepatitis B virus (HBV). The vaccine contains the hepatitis B surface antigen (HBsAg) and the viral envelope protein. This immunization strengthens the immune system and produces anti-HBsAg antibodies. Hepatitis B infection is becoming more common worldwide, driving the industry forward. Due to the increase in the number of hepatitis B infection cases, the global hepatitis B vaccine market is growing rapidly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | GSK plc (United Kingdom), Dynavax Technologies Corporation (United States), VBI Vaccines Inc. (United States), Sanofi S.A. (France), Merck & Co., Inc. (United States), Novartis AG (Switzerland), Serum Institute of India Pvt. Ltd. (India), Beijing Minhai Biological Technology Co., Ltd. (China), CSL Limited (Australia) and Sinovac Biotech Ltd. (China) |
CAGR | % |
Continued investment in research and development can help manufacturers stay ahead of the competition by developing new vaccines with improved efficacy, safety, or convenience. Apart from this, manufacturers can leverage strategic partnerships and collaborations with other companies or research organizations to gain access to new technologies, expand their market reach, or improve their manufacturing processes.
GSK plc (United Kingdom), Dynavax Technologies Corporation (United States), VBI Vaccines Inc. (United States), Sanofi S.A. (France), Merck & Co., Inc. (United States), Novartis AG (Switzerland), Serum Institute of India Pvt. Ltd. (India), Beijing Minhai Biological Technology Co., Ltd. (China), CSL Limited (Australia) and Sinovac Biotech Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Gilead Sciences, Inc. (United States) and Shenzhen Kangtai Biological Products (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hepatitis B Vaccine Consumption- market by Type and Region with country level break-up.
On the basis of geography, the market of Hepatitis B Vaccine Consumption- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August 2021, Sanofi announced the acquisition of Bio Inc. to accelerate the applicability of mRNA technology in the research and development of new vaccines. This strategic acquisition advanced the company's R & D facility and improved the productivity of manufactured products.
In the United States, the FDA is the regulatory authority responsible for evaluating and approving vaccines, including the hepatitis B vaccine. The FDA ensures that vaccines meet safety, efficacy, and quality standards before they can be marketed and distributed in the United States.
Influencing Trend:
Use of AI In Vaccine and Drug Design
Market Growth Drivers:
Rising Prevalence of HBV Infection, Increasing Healthcare Expenditure and Extensive Investments In R&D By Major Industry Players
Challenges:
High Cost of Vaccine Development
Restraints:
Stringent Regulatory Policies for Vaccine Approval
Opportunities:
Rising Global Awareness and Immunization Initiatives and Favorable Government Initiatives and Policies
Key Target Audience
Vaccine Manufacturers, Government Institutes, Potential Investors, Education & Research Institutes, Regulatory Bodies, Market Research & Consulting Firms and Others