Vaccines & Vaccination Market Scope
Vaccine is an antigenic substance prepared to kill microorganisms, living attenuated organisms, or living fully virulent organisms that is administered to produce or artificially increase immunity to a particular disease. The rising prevalence of several infectious diseases is rising demand for vaccine market. The healthcare infrastructure and high awareness levels of the benefits of immunization are the major factors boosting the market growth.
According to AMA, the Global Vaccines & Vaccination market is expected to see growth rate of 5.8% and may see market size of USD51.45 Million by 2026.
There are relatively very few vaccine manufacturers that meet the international standard, due to which the individual vaccine manufacturer, the market become monopolies or oligopoly either by product or presentation. Very, few suppliers and production capacities lead to a tenuous balance between demand and supply in many individual vaccine markets. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Vaccines & Vaccination market throughout the predicted period.
Pfizer, Inc. (United States), Merck & Co., Inc. (United States), Emergent BioSolutions, Inc. (United States), Johnson & Johnson (United States), MedImmune, LLC (United States), GlaxoSmithKline plc (UK), Sanofi Pasteur (France), Astellas Pharma Inc. (Japan), CSL Limited (Australia) and Serum Institute of India Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bavarian Nordic (Denmark), Mitsubishi Tanabe Pharma Corporation (Japan), Daiichi Sankyo (Japan), Biological E (India) and Panacea Biotec (India).
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 total available market.
Segmentation Overview
The study have segmented the market of Global Vaccines & Vaccination market by Type (Monovalent Vaccines and Multivalent Vaccines), by Application (Pediatrics disease and Adults disease) and Region with country level break-up.
On the basis of geography, the market of Vaccines & Vaccination 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).
According to WHO, about 80% of global vaccine sales from five large multinational corporations that were the product of various mergers and acquisitions of pharmaceutical companies over the past decades.
WHO ensures the safety and quality of vaccine and works closely on global standards which are developed and made readily available. WHO provides norms and standard and give advice to procurement agencies and countries on the acceptability, in principle of vaccines. It has also established the Global Advisory committee on vaccine safety which includes national experts and authority to support vaccine safety.
Market Trend
- Development of vaccines administered orally is preferable
- Technology advancement in molecular genetics domain
Market Drivers
- Rise in infectious diseases
- Increasing government initiative’s and support for the vaccine in various region
- High focus on immunization program around the globe
- Rise in awareness about Vaccination in emerging countries
Opportunities
- High growth prospectus in various regions due to increasing infection
- Focus on therapeutic vaccines
- Increasing use of adjuvants in vaccine
Restraints
- High cost involved in vaccine development
Challenges
- Time consuming process for producing vaccines
Key Target Audience
Manufacturers and suppliers of vaccines, Research and development companies, Medical research laboratories, Academic medical centers and universities, Research and consulting firms and Venture capital firms