The growth of the vaccines market can be attributed to factors such as rising incidences of infectious diseases, namely malaria, ebola and influenza among others. Moreover, growing immunization drives worldwide conducted by several government and non-government establishments to spread awareness about diseases have been vital in contributing to the extensive growth if this market. Similarly, market players in association with various universities are conducting research to develop vaccine. For instance in September 2018, Johnson & Johnson announced the collaboration between Coalition for Epidemic Preparedness Innovations (CEPI) & Jenner Institute, University of Oxford and Janssen Vaccines & Prevention B.V., part of the Janssen Pharmaceutical Companies of Johnson & Johnson. The collaboration was aimed to develop and manufacture vaccines against Middle East Respiratory Syndrome Coronavirus (MERS-CoV). However, high developmental costs and requirement of specialized monitoring devices and equipment which further incurs costs is anticipate to impede the growth of the market in the coming years.
The prominent players in the global vaccines market are:
Pfizer Inc., GlaxoSmithKline plc., Merck & Co., Inc., Sanofi Pasteur Limited (Sanofi), AstraZeneca, CSL Limited, Bavarian Nordic, Panacea Biotec Limited, PT Bio Farma (Persero) and Serum Institute of India Pvt. Ltd. among others
Rising prevalence and incidences of infectious diseases have been a major factor contributing to the extensive adoption of vaccines worldwide. Infectious diseases, more often considered to be a global crisis, is estimated to kill 17 million people every year. It is further estimated that nearly 50,000 women, men and children die every day of infectious disease which otherwise could be cured or prevented. Increasing burden of these diseases significantly affects the socioeconomic development of nations by crippling the prospects of better future. Moreover, emergence of drug-resistant microbial strains have extensively impacted the fight against infectious diseases, namely diarrhea, malaria, cholera and pneumonia among others. The need for new drugs to replace those which have lost their effectiveness have triggered the necessity of discovering novel cures. Research and development of advanced vaccines is one such prospect which has received immense support from government and non-government foundations in the recent years. Increasing funding, favorable government regulations and the regularly increasing number of immunization drives is anticipated to contribute to the global vaccines market in the coming years.
Major Types of Vaccines Market covered are:
- Hepatitis
- DT containing (including Polio)
- Pneumococcal Conjugate Vaccine (PCV)
- Meningococcal
- Human Papillomavirus (HPV)
- Rotavirus
- Influenza
- Measles
- Mumps
- Rubella
- Varicella
- BCG
- Cholera
- IPV (Inactivated Polio Vaccine)
- OPV (Oral Poliovirus Vaccines)
- JE (Japanese Encephalitis)
- YF (Yellow Fever)
- Shingles
- Typhoid, Rabies
No comments:
Post a Comment