Vaccines Market, by Technology (Live, Toxoid, Recombinant), Disease (Pneumococcal, Influenza, DTP, Rotavirus, TT, Polio, MMR, Varicella, Dengue, TB, shingles, Rabies), Route (IM, SC, ID, Oral), Patient (Pediatric, Adult), Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global vaccines market size is projected to reach USD 62 billion by 2026 at a CAGR of 8.2% from USD 45 billion in 2021 during the forecast period 2021-2028.
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Vaccine is a biologically processed preparation which is used to achieve acquired immunity regarding a particular infectious disease. It can be used as both a prevention and cure depending on the nature of the causative nature of the infectious disease. Edward Jenner was the first person who came up with the term vaccine and also manufacture the first vaccine against the infectious disease small pox.
Due to the increasing number of infectious diseases along with the governmental focus on the immunization process and the efforts by the industries in the direction are some of the factors that have supported long-term expansion for Vaccines Market.
Regional Analysis
North America is expected to be the largest market during the forecast period. Due to the high prevalence of infectious disease in the region along with the increased investment ibn the sector by both governmental and non-governmental organizations has led to the expansion of the market in the region.
Top Key Players of Vaccines Market
· GlaxoSmithKline plc
· Pfizer, Inc.
· Johnson & Johnson
· AstraZeneca
· Serum Institute of India Pvt. Ltd.
· Mitsubishi Tanabe Pharma Corporation
· Daiichi Sankyo Company, Limited
· Panacea Biotec
· Biological E
· Bharat Biotech
· Sinovac Biotech Ltd.
· Incepta Vaccine Ltd.
· Valneva SE
· VBI Vaccines Inc.
· PT Bio Farma and more
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Recent Developments
In November 2021, Covaxin produced by Bharat biotech received the approval from WHO for emergency use.
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Vaccines Market is segmented into Technology, type, disease indication, route of administration, patient type and geography.
On the basis of Type
· Monovalent vaccines
· Multivalent vaccines
On the basis of Technology
· Conjugate vaccines
· Inactivated and subunit vaccines
· Live attenuated vaccines
· Recombinant vaccines
· Toxoid vaccines
On the basis of Disease Indication
· Pneumococcal disease
· DTP
· Influenza
· HPV
· Varicella
· Herpes zoster
· Other disease indications
On the basis of Route of Administration
· Intramuscular and subcutaneous administration
· Oral administration
· Other routes of administration
On the basis of Patient Type
· Pediatric patients
· Adult patients
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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