Global Vaccines Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Vaccines Market Overview:
The Vaccines Market was valued at $49.4 billion in 2021 & is projected to reach $82.4 billion by 2027. It is expected to grow at a 8.7% CAGR between 2021 and 2027.
The Vaccines Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global Vaccines market report has been segmented on the basis of product type, diseases, route of administration, and region.
This Vaccines Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
The vaccine is a biological sterile preparation that provides active acquired immunity for a particular disease. Vaccines play an important role for maintain health.
A vaccine is made from small amounts of weak or dead germs that can cause diseases such as viruses, bacteria, or toxins. Vaccines help the body to fight against the disease. There are different types of vaccines available depending upon the infections.
Vaccines are administered by various routes of administration such as intramuscular, oral, etc.
A key driver of the global vaccine market is the increasing incidence of infectious diseases. In addition, an increase in health expenditure, a growing population, an aging population, rising awareness regarding healthcare, and rising cases of viral infection are the factors anticipated to propel the growth of the global vaccine market.
The government and other local authorities of various countries are funding the R&D activities of vaccines. Major players in the vaccine market are focusing on establishing a strong network of deals and distributors.
Players are partnering with other vaccine manufacturing players, in order to enhance their product portfolio as well as expand their global presence.
Vaccine technology is witnessing a revolution, as a deeper understanding of the human immune system's and cell-based responses to foreign antigens has led to the development of innovative diagnostics and the advancement of therapeutic applications.
As many governments across the world recognize the benefits of vaccination, the trend of vaccines delivering in healthcare solutions on a large scale continues.
Geographically, the market of vaccines has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market in North America is expected to dominate the global vaccines market, due to rising awareness regarding the prevention of diseases, high healthcare expenditure, and developed medical infrastructure in the region.
In contrast, the market in the Asia Pacific is expected to be an emerging market for vaccines and is expected to register the highest CAGR in during the forecasted period, owing to the increasing incidence of infectious and viral diseases and the growing geriatric population.
GLOBAL VACCINES MARKET SEGMENTATION:
Segmentation by type:
- Conjugate Vaccines
- Inactivated Vaccines
- Live Attenuated Vaccines
- Toxoid Vaccines
- Recombinant Vaccines
- Other Vaccines (including Polysaccharide vaccines, etc.)
Segmentation by diseases:
- Pneumococcal Disease
- Human Papilloma Virus
- Meningococcal Disease
- Diphtheria, Pertussis, and Tetanus (DPT)
- Measles, Mumps, and Rubella (MMR)
- Other Indications (including Pneumococcal, Typhoid Fever, etc.)
Segmentation by route of administration:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- GlaxoSmithKline plc
- Pfizer, Inc.
- Merck & Co., Inc.
- Sanofi Pasteur SA
- CSL Limited
- Emergent BioSolutions, Inc.
- Johnson & Johnson
- MedImmune, LLC
- Astellas Pharma Inc.
- Daiichi Sankyo Company, Limited
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