Live Attenuated Vaccines Market Scope
Live Attenuated Vaccines market is expected to grow in the future due to the rising prevalence of infectious diseases and growing government funding for vaccine programs. A live attenuated vaccine is a vaccine created by reducing the virulence of a pathogen, but still keeping it live. They are antigenic substances composed of a viable pathogen, such as a virus or bacterium. The pathogen is altered so that it is less virulent or attenuated. The high growth of live attenuated vaccine production in emerging markets is expected to offer lucrative opportunities in the near future.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | GlaxoSmithKline Plc. (United Kingdom), Merck & Co. (United States), Novartis International AG (Switzerland), Pfizer, Inc. (United States), Astellas Pharma Inc. (Japan), Johnson & Johnson (United States), CSL Limited (Australia), Emergent BioSolution, Inc. (United States) and MedImmune, LLC (United States) |
CAGR | 6.7% |
the global live attenuated vaccines market is fragmented and the leading pharmaceutical companies are working on their research and development team to clear all the clinical trials and get approval from the FDA to launch its vaccines. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Live Attenuated Vaccines market throughout the predicted period.
GlaxoSmithKline Plc. (United Kingdom), Merck & Co. (United States), Novartis International AG (Switzerland), Pfizer, Inc. (United States), Astellas Pharma Inc. (Japan), Johnson & Johnson (United States), CSL Limited (Australia), Emergent BioSolution, Inc. (United States) and MedImmune, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sanofi (France) and Serum Institute Of India Pvt. Ltd. (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 the total available market.
Segmentation Overview
The study have segmented the market of Global Live Attenuated Vaccines market by Type , by Application (Hospitals, Clinics, Research Institutes and Others) and Region with country level break-up.
On the basis of geography, the market of Live Attenuated Vaccines 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 2023.
Market Leaders and their expansionary development strategies
In MAY 17, 2023, Spanish biopharmaceutical company Biofabri, a subsidiary of Zendal, and IAVI, an international nonprofit research organization focused on developing vaccines and antibodies against infectious and neglected diseases, today announced the signing of an agreement for end-to-end development of the tuberculosis (TB) vaccine candidate MTBVAC.
In May 2023, he U.S. Food and Drug Administration approved Arexvy, the first respiratory syncytial virus (RSV) vaccine approved for use in the United States. Arexvy is approved for the prevention of lower respiratory tract disease caused by RSV in individuals 60 years of age and older.
Influencing Trend:
Rising Clinical Trial for New Vaccines and Technological Progress in Vaccine Administration
Market Growth Drivers:
Rising Awareness of Vaccination Worldwide and Increasing Government Initiative and Providing Fundings for Vaccine Programs
Challenges:
Longer Timelines Required for Vaccine Production
Restraints:
High Costs Associated with the Development of Vaccines
Opportunities:
Improving Health Care Infrasture in Developing Countries and High Growth Prospects in Emerging Markets
Key Target Audience
Live Attenuated Vaccines Manufacturers, Live Attenuated Vaccines Suppliers, Raw Material Suppliers, Research and Development Organization, Potential Investors and Government Agencies