Vaccines market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2021 to 2028 and is expected to reach USD 1,459.40 million by 2028. High prevalence of chronic condition such as flu and bacterial infectious diseases and presence of pipeline products are the major drivers which propelled the demand of the market in the forecast period.
· Vaccines are the product that has the capability to reduce the risk of getting a disease by working with the body’s own immune system in order to build up the protection against the deadly pathogens. Various kinds of vaccines have discovered for life threatening diseases which are preventing around 2-3 million deaths every year caused due to diseases such as tetanus, diphtheria, pertussis, measles and influenza among others.
· New and novel vaccine launch earns the patients beliefs and provides market with a new future that can have a positive effect on the vaccines market growth. Moreover, new vaccine launch is also depicting that market players are constantly engaged in the vaccines market growth. This thus signifies that introduction of innovative products acts as driver for the vaccines market growth. The regulation processes and document formation of the manufacturing companies in different countries can hamper the growth of the vaccines market. The market players operating in vaccines market are adopting several strategic initiatives expected to provide opportunity for their business in various dimensions and leading the vaccines market growth. The fear among patients related to injections and needle sticks acts as challenge for the vaccines market growth.
Middle East and Africa Vaccines Market Scope and Market Size
· The vaccines market is segmented on the basis of composition, type, kind, age of administration, diseases, route of administration, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of composition, the vaccines market is segmented into combination vaccines, monovaccines. In 2021, combination vaccines segment is dominating the market because combination vaccines are effective against multiple diseases by administration of a single shot.
· On the basis of type, the vaccines market is segmented into subunit, recombinant, polysaccharide and conjugate vaccines, live-attenuated vaccines, inactivated vaccines, toxoid vaccines and DNA vaccines. In 2021, subunit, recombinant, polysaccharide and conjugate vaccine segment is dominating the market because these vaccines have been reported to induce strong immune response on almost everyone who needs them including people with weakened immune systems and long-term health problems.
· On the basis of kind, the vaccines market is segmented into routine vaccine, recommended vaccine and required vaccine. In 2021, routine vaccine segment is dominating the market because these are mostly used for childhood vaccination and government is putting major emphasis on childhood vaccination all over the world.
· On the basis of age of administration, the vaccines market is segmented into pediatric vaccine and adult vaccine. In 2021, pediatric vaccine segment is dominating the market because children are more prone to infectious disease among other due to developing immune system and hence needs proper vaccination.
· On the basis of diseases, the vaccines market is segmented into pneumococcal disease, measles, mumps & varicella, DPT, hepatitis, influenza, typhoid, meningococcal, rabies, Japanese encephalitis, yellow fever and others. In 2021, pneumococcal disease segment is dominating the market because of rising prevalence on pneumonia infection and increasing immunization campaign launch for the betterment of the population.
· On the basis of route of administration, the vaccines market is segmented into injectable, oral and nasal. In 2021, injectable segment is dominating the market because most of the vaccines are administered via parenteral route and induces strong systemic response when injected via same route.
· On the basis of end user, the vaccines market is segmented into community hospitals, hospitals, specialty centres, clinics and others. In 2021, community hospitals segment is dominating the market because most of the vaccination and immunization is carried out by regulatory bodies and concerned authorities.
· On the basis of distribution channel, the vaccines market is segmented into hospital pharmacy, retail pharmacy and online pharmacy. In 2021, hospital pharmacy segment is dominating the market because vaccines are directly procured from the company distributors.
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Vaccines Market Country Level Analysis
· The countries covered in the vaccines market report are the Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt, Rest of Middle East and Africa.
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Increasing Awareness for Vaccination and Launch of Newer Vaccines are Boosting the Market Growth of Vaccines
· Vaccines market also provides you with detailed market analysis for every country growth in Vaccines industry with Vaccines drugs sales, impact of advancement in the Vaccines technology and changes in regulatory scenarios with their support for the Vaccines market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Vaccines Market Share Analysis
· The vaccines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to vaccines market.
The major companies which are dealing in the vaccines are
· Valneva SE,
· Takeda Pharmaceutical Company Limited,
· Abbott,
· AstraZeneca, Sanofi, Pfizer Inc.,
· Janssen Global Services, LLC (A Subsidiary of Johnson & Johnson Services, Inc.),
· F. Hoffmann-La Roche Ltd, Panacea Biotec Ltd,
· GlaxoSmithKline plc among
For instance,
· In February 2020, Abbott launched new quadrivalent and sub- unit vaccine. The vaccine launched having the ability to provide protection against four viral influenza strains. The product launched boosted the company’s product portfolio and allowed it to generate more revenue.
· In July 2018, Sanofi launched FluQuadri vaccine in India which provides better protection against the all four strains of influenza vaccines. As most of the available vaccines against influenza are of trivalent type, this product launch helped the company to expand its root in vaccines market and to earn a lucrative growth in the market.
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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