Vaccines Market worldwide: Market dynamics, efficiencies and trends forecast 2027
The Insight Partners provides details the “Vaccines Market to 2027”. The main points in the market, market performance, market key growth factors, value chain analysis, SWOT analysis, and more.
the global vaccines market size is estimated to reach US$ 64,538.4 million by 2027 from US$ 36,998.8 million in 2018; it is estimated to grow at a CAGR of 6.5% during 2019-2027
The report highlights trends prevailing in the market and factors driving its growth. The vaccines market growth is attributed to the rising prevalence of infectious diseases, growing focus on immunization programs, and increasing support for vaccine development. However, soaring prices of vaccines and complexity in its manufacturing are likely to pose a negative impact on the market growth.
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Geographically, the Vaccines market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).
The following manufacturers are covered: PFIZER INC, GlaxoSmithKline plc., Merck & Co., Inc., Sanofi, Johnson & Johnson Services, Inc, Panacea Biotec Limited, Astellas Pharma Inc., NOVAVAX, INC., VBI Vaccines Inc., Bavarian Nordic
Vaccines Market: Segmental Overview
Technology-Based Insights
The global vaccines market, based on technology, is segmented into recombinant vaccines, conjugate vaccines, live attenuated vaccines, inactivated and subunit vaccines, and toxoid vaccines. The conjugate vaccines segment held the largest share in 2018 and is anticipated to continue to lead over the next eight years.
Disease Indication-Based Insights
The global market, based on disease indication, is segmented into Diphtheria Tetanus toxoids and Pertussis (DTP), Influenza, Hepatitis, Respiratory Syncytial Virus (RSV), and other diseases. The Respiratory syncytial virus (RSV) causes infections in lungs and respiratory tract. The segment is expected to witness the highest growth over the forecast period.
Route of Administration-Based Insights
The global market, based on route of administration, is segmented into oral, injectable, and other routes of administration. The injectable segment held the largest share in 2018. On the other hand, the oral vaccines is expected to witness the fastest growth over the forecast period
Patient Type-Based Insights
The global market, based on patient type, is divided into pediatric patients and adult patients. The pediatric patients held a larger share in 2018, while the adult patients segment is expected to witness a higher growth during 2019–2027.
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