Global Human Rotavirus Vaccine Market Overview:
It is estimated that about 600,000 children die every year from rotavirus, with more than 80% of all rotavirus-related deaths occurring in resource-poor countries in south Asia and sub-Saharan Africa. Rotavirus infection is the most common cause of severe diarrhea disease in infants and young children around the globe and continues to have a major global impact on childhood morbidity and mortality. The human rotavirus vaccine is considered highly effective in preventing severe gastrointestinal disease. The human rotavirus vaccine is the only control measure likely to have a significant impact on the incidence of severe dehydrating rotavirus disease.
As per latest study released by AMA Research, the Global Human Rotavirus Vaccine market is expected to see growth rate of 6.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Research and Development Investment and Rise in the Government Initiatives
Market Growth Drivers:
Increased Prevalence of Rotavirus Infection, Increased Number of Hospitals and Diagnostic Centres and Rise in Healthcare Infrastructure among Developing Countries
Challenges:
Stringent Government Rules and Regulations
Restraints:
Immune Reactions and Side Effects of Vaccine
Opportunities:
Growing Healthcare Industry Worldwide and Increasing Demand from End-users
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Merck & Co., Inc. (United States), Bharat Biotech International Limited (India), GlaxoSmithKline plc. (United Kingdom), Sanofi S.A. (France), Lanzhou Institute of Biologicals Products Co., Ltd (China), BIOVIRx Inc (United States), Serum Institute of India Pvt. Ltd. (India), Biological E (India) and Bio Farma (Indonesia). Analyst at AMA Research see Global Players to retain maximum share of Global Human Rotavirus Vaccine market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Human Rotavirus Vaccine market.
Latest Market Insights:
In 2017, the Serum Institute of India Pvt. Ltd. revealed the result of clinical trial Phase 3 efficacy study of rotavirus vaccine BRV-PV, ROTASIIL. The study has showed that vaccine is safe, well tolerated, and to provide significant efficacy against severe rotavirus gastroenteritis.
In December 2020, Bharat Biotech International launched a new variant of its rotavirus vaccine, Rotavac 5D. This variant is unique as it can be administered without a buffer and has a low dose volume, facilitating easier vaccine logistics, cold chain management, and lower biomedical waste disposal post-vaccination.
What Can be Explored with the Human Rotavirus Vaccine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Human Rotavirus Vaccine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Human Rotavirus Vaccine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Human Rotavirus Vaccine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Human Rotavirus Vaccine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Human Rotavirus Vaccine Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.