Global Live Attenuated Vaccines Market – Overview

A variety of vaccines are available in the market to train the immune system how to fight off certain kinds of germs and the serious diseases they cause. The developmental procedure of vaccines depends upon various factors including whether the immune system responds to the antigen, type of vaccination needed, cost of manufacturing. The Global Live Attenuated Vaccines Market size is projected to reach USD 42,645.5 Million by 2030 at 12.3% CAGR during the forecast period 2022-2030.

Thus, based on methodology and technique, vaccines are classified into live-attenuated vaccines, inactivated vaccines subunit, recombinant, polysaccharide, and conjugate vaccines, and toxoid vaccines. Live vaccines when they have weakened (attenuated) form of the antigen, then it is referred to as attenuated vaccine. The advantage associated with such vaccines is inclusive of natural infection mechanisms leading to strong and long-lasting immune response. Factors such as increasing awareness about vaccination, growing government funding for vaccination programs and increasing prevalence of infectious diseases drive the growth of this market.

 The developing economies of the Asia Pacific like India have the largest number of births in the world, i.e., more than 26 million per year. According to the United Nations Children's Emergency Fund, ~ 20% of the total child mortality across the globe are reported in India. Thus, the Indian government is aiming to provide immunization to the children, to improve health and raise life expectancy of the infants. For instance, it is reported that nine million routine immunization (RI) sessions are organized in India each year. Moreover, economies like China within the region are witnessing an increase in the investment support for vaccination. Gavi is estimated to invest USD 800,000 from 2001-2022 in the form of Vaccine Introduction Grant (VIG) for China. Moreover, improving healthcare infrastructure, increasing demand for LAV, and emphasis on prevention of diseases also drives this market. However, factors such as limited efficiency and high cost of development are the majors factors estimated to restraint the market growth during the forecast period.

Top Players List:

GlaxoSmithKline, plc. (U.K.), Merck & Co. (U.S.), Pfizer, Inc. (U.S.), Astellas Pharma Inc. (Japan), Johnson & Johnson (U.S.), CSL Limited (Australia), Emergent BioSolutions, Inc. (U.S.), MedImmune, LLC (U.S.), Sanofi (France), and Serum Institute of India Pvt. Ltd. (India). and others are some of the prominent players at the forefront of competition in the Global Live Attenuated Vaccines Market and are profiled in MRFR Analysis.

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Global Live Attenuated Vaccines Market - Competitive Analysis 

Companies in the global market for live attenuated vaccines are continuously increasing their research and development expenses in order to development new products and technologies, which could maximize their share of global market. 

In September, 2016- Glaxo SmithKline Pharmaceuticals (GSK Pharma) completed the announced acquisition of Novartis’s vaccine business and sale of its oncology business. Following the course of deal GSK was able to expand their vaccine portfolio and has absorbed approximately mor120 employees from Novartis to ramp up its sales in India.

In June, 2018- announced that the U.S. Food and Drug Administration (FDA) recognised their review for new supplemental Biologics License Application (sBLA) for GARDASIL which is a human papillomavirus vaccine. 

Global Live Attenuated Vaccines Market - Regional Analysis

The Americas leads the live attenuated vaccine market. Factors such as increasing healthcare infrastructure and increasing government support are the major drivers for the market within the region. 

Followed by the Americas, Europe holds the second largest market, owing to the huge presence of prominent players and well-developed healthcare infrastructure. Moreover, the presence of development economies like Germany, France, Italy, and others along with research and development provides suitable backgrounds for the market to grow.

Asia Pacific is the fastest growing market due to the presence of countries like India, China, and others. Such developing economies have high potential of generating business for market players. Followed by the Asia Pacific region, the Middle East & Africa holds the lowest share of the market. Most of the countries within this region are low income countries with low per capita healthcare expenditure, and stringent government policies. In the Middle East & African region. The Middle Eastern region in the Middle East & Africa is estimated to lead the market due the presence of developed economies like Saudi Arabia, Kuwait, Dubai, Qatar, and others within the regional boundaries. 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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