Global Hepatitis B Vaccines Market Overview:
Hepatitis B refers to a communicable disease that's caused by the hepatitis b virus. Symptoms of this disease are not visible within the initial stages and develop when few weeks only. Hepatitis b virus is transmitted by exposure to infectious blood or body fluids of an infected person. This sickness could even occur from birth. Hepatitis b could also be caused by blood transfusions, attention settings, sharing razors, and chemical analysis. Hepatitis b vaccine refers to a vaccine that's developed for the interference of hepatitis b viral infection. Hepatitis b vaccine consists of infective agent envelope proteins and hepatitis b surface antigens (HBsAg). Hepatitis b vaccine is created by exploiting yeast cells.
As per latest study released by AMA Research, the Global Hepatitis B Vaccines market is expected to see growth rate of 5.6%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:
Different Variants of The Vaccine
Market Growth Drivers:
Increasing Prevalence of Hepatitis B Infection Cases, Improved Healthcare Facilities and More Awareness Among the People
Challenges:
Presence Of Competitors and Less Availability in The Developing Regions
Restraints:
High Cost of The Vaccine
Opportunities:
Government Initiatives, Growing Demographics and Economies in The Developing Countries and Increased Research and Development
Competitive Landscape:
The hepatitis vaccine market has risen in a number of cases in the hepatitis B virus is anticipated to drive the market growth. However, due to highly expensive medicine, it is restraining the hepatitis vaccine market. Moreover, the rise in the awareness of hepatitis infection prevention among people, coupled with numerous governments across the globe rolling out hepatitis immunization schedules, are the factors driving the market growth.
Some of the key players profiled in the report are Merck (Germany), GlaxoSmithKline (United Kingdom), Sanofi Pasteur (France), Human Biologicals Institute (India), Dynavax Technologies (United States), LG Life Sciences (South Korea) and Janssen Pharmaceuticals (Belgium).. Analyst at AMA Research see United States Players to retain maximum share of Global Hepatitis B Vaccines market by 2030. Considering Market by Vaccine Type, the sub-segment i.e. Recombinant Vaccine will boost the Hepatitis B Vaccines market. Considering Market by Indication, the sub-segment i.e. Hepatitis A will boost the Hepatitis B Vaccines market.
Latest Market Insights:
In July 2022, Serum Institute of India partnered with the Global Alliance for Vaccines and Immunization (GAVI) to supply affordable hepatitis B vaccines to low- and middle-income countries.
In February 2022, Merck & Co. announced its acquisition of Themis Bioscience, a biotechnology company developing a next-generation hepatitis B vaccine.
What Can be Explored with the Hepatitis B Vaccines Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hepatitis B Vaccines Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hepatitis B Vaccines
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 Hepatitis B Vaccines 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 Hepatitis B Vaccines 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 Manufacturers of Hepatitis B Vaccines, Suppliers and distributors of Hepatitis B Vaccines, Governmental and Regulatory bodies 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.