Global Human Vaccines Market Overview:
Human vaccines prime the body's immune system to fight an incoming disease. Vaccines are proved to have better efficacy in comparison to other modes of drug administration. Rising awareness about vaccines and their crucial advantages has led to significant growth in the human vaccines market. The market is forecasted to grow in the future since vaccines pose lower risks of side effects and infections relatively.
Growth Drivers
- Lower Risk of Side Effects Is Leading to Increased Demand
- Government Initiatives Taken in Various Countries for Vaccines
Roadblocks
- Vaccine Uptake Highly Skewed Towards High Mortality Diseases
- High Cost of Human Vaccines, and Storage and Handling
Opportunities
- Accelerate Uptake and Increasing Demand in Low-Income Countries
- Rising Healthcare Access in Developing Nations
Challenges
- Long and Complex Manufacturing Processes
Competitive Landscape:
Some of the key players profiled in the report are GlaxoSmithKline (United Kingdom), Merck (United States), Pfizer (United States), Sanofi (France ), Novavax (United States), Emergent BioSolutions (United States), CSL (Australia), Inovio Pharmaceuticals (United States), Bavarian Nordic (Denmark) and Mitsubishi Tanabe (Japan). Additionally, following companies can also be profiled that are part of our coverage like Astellas Pharma Inc. (Japan), AstraZeneca (United Kingdom), F. Hoffmann-La Roche Ltd. (Switzerland), Gilead Sciences (United States), SELLAS Life Sciences Group, Inc. (United States), Serum Institute of India Pvt. Ltd. (India), Sun Pharmaceutical Industries Ltd. (India), Takeda Pharmaceutical Company Ltd. (Japan) and Teva Pharmaceutical Industries Ltd. (Israel). Analyst at AMA Research see United States Players to retain maximum share of Global Human Vaccines market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Human Vaccines market. Considering Market by Age Group, the sub-segment i.e. Pediatrics will boost the Human Vaccines market.
Latest Market Insights:
In June 2018, Telethon Kids Institute in Australia has joined the Human Vaccines Project as its first international scientific hub, bringing significant health and scientific expertise in the areas of vaccines as well as working in pediatric and indigenous populations. The institute’s capacity will enhance the Project’s efforts toward better vaccines and immunotherapies, as well as work towards a universal flu vaccine.
In November 2019, FDA approved Fluzone® High-Dose Quadrivalent (Influenza Vaccine) introduced by Sanofi. This vaccine is intended for adults 65 years of age and older. This approval is the final step toward the company’s complete transition to quadrivalent influenza vaccines in the U.S. Fluzone High-Dose Quadrivalent will be made available for immunization efforts during the 2020-2021 influenza season.
The U.S. Food and Drug Administration’s (FDA’s) Center for Biologics Evaluation and ResearchExternal (CBER) is responsible for regulating vaccines in the United States. FDA can require a manufacturer to submit the results of their own tests for potency, safety, and purity for each vaccine lot. The Vaccine Adverse Event Reporting System (VAERS) is a national vaccine safety surveillance program co-sponsored by the Food and Drug Administration (FDA) and the CDC.
What Can be Explored with the Human Vaccines Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Human Vaccines Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Human 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 Human 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 Human 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 Human vaccines Manufacturer, Distributor and Supplier, Healthcare Industry, Government Agencies, Raw Material Supplier, End-User, Research Companies and Traders/Distributors/Suppliers.
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.