Published on : Apr 11, 2018
Albany, New York, April 11, 2018: Vaccines are one of the greatest achievements of medical science and has changed a lot in recent years, as it tries to meet the health challenges facing both developed and developing countries. The rising burden of infectious diseases across the globe is one of the major factor driving the growth of the vaccines market. Market Research Hub (MRH) has freshly announced the inclusion of a study titled “Vaccines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its vast archive, which is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of vaccines in the coming years.
Key Highlights from the Research
This 289-page report also throws light on the detailed scrutiny of the geographical regions along with the information about the key players associated with the global vaccines market. It has been analyzed during the research that the incidence of infectious diseases such as influenza, malaria, pneumonia, measles, meningococcal meningitis, dengue, HIV, hepatitis, and diphtheria is quite high, and is increasing due to rising prevalence of viral infections. To overcome this, demand for vaccines used for the prevention of these infectious diseases are increasing, which in turn is expected to boost the growth of the market during the forecast period.
As per the study key assessment, the global vaccines market was valued at around US$ 28.0 Bn in 2016 and is expected to post a CAGR of over 6.0% from 2017 to 2025. At this pace, the market is predicted to reach a value of around US$ 48.0 Bn by 2025. In terms of geography, rising initiatives by local governments for increasing vaccination coverage in countries such as India and China is likely to boost the growth of Asia Pacific vaccines market at a CAGR of 7.0% from 2017 to 2025.
An important section of the report informs readers about market dynamics such as drivers, restraints and opportunities that influence the vaccines market in the current and future scenario. All these factors will help the market players to decide about the business schemes and plans to fortify their positions in the global market. The report finds that product approvals from regulatory authorities are expected to play a major factor in driving the growth of the global vaccines market.
The report also categorizes the market on the basis of vaccine type, valance, route of administration, indication, and distribution channel. Among drug vaccine type, conjugate vaccine segment is anticipated to dominate in terms of market share. By RoA, injectable vaccines are estimated to maintain its lead in terms of market share.
Key players active in the global vaccines market include Merck & Co., Inc., GlaxoSmithKline plc., Janssen Pharmaceutical Company, Sanofi Pasteur SA, Pfizer, Inc., CSL Ltd, Serum Institute of India Ltd, Emergent BioSolutions Inc., Novavax AB and Mitsubishi Tanabe Pharma Corporation.
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