Dublin, Feb. 06, 2020 (GLOBE NEWSWIRE) -- The "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 - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global vaccines market is projected to reach USD 58.4 billion by 2024 from USD 41.7 billion in 2019, at a CAGR of 7% during the forecast period.
The key factors driving the growth of this market include the high prevalence of infectious diseases, growing support for vaccine R&D, investments in vaccine development, and rising focus on immunization. However, the huge capital investments required for developing vaccines may restrain market growth.
This report analyzes the vaccines market and aims at estimating the market size and future growth potential of this market based on various segments such as technology, type, disease indication, route of administration, patient type, and region.
The pneumococcal disease segment will continue to dominate the vaccines market during the forecast period.
On the basis of disease indication, the vaccines market is segmented into pneumococcal disease, influenza, DTP, hepatitis, human papillomavirus (HPV), rotavirus, meningococcal disease, MMR (measles, mumps, and rubella), varicella, polio, herpes zoster, and other disease indications. The pneumococcal disease segment accounted for the largest share of the vaccines market in 2018. The large share of this segment can be attributed to the high incidence of pneumococcal disease and increasing government investments in pneumococcal vaccination programs.
By type, the monovalent vaccines segment accounted for the larger share of the vaccines market in 2019.
On the basis of type, the vaccines market is segmented into monovalent and multivalent vaccines. The monovalent vaccines segment accounted for the largest share of the vaccines market in 2018. The large share of this segment can be attributed to the rising prevalence of diseases and increasing government & non-government initiatives to promote immunization.
The market in Asia is projected to witness the highest growth rate during the forecast period (2019-2024).
Asia is projected to register the highest growth during the forecast period. Growing company investments in Asian countries and rising government support for vaccine development are some of the key factors supporting the growth of the vaccines market in Asia.
Competitive Analysis
The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies. GlaxoSmithKline plc (UK), Pfizer, Inc. (US), Sanofi Pasteur (France), and Merck & Co., Inc. (US) are the leading players in the global vaccines market.
Other notable players in this market include CSL Limited (Australia), Emergent BioSolutions, Inc. (US), Johnson & Johnson (US), AstraZeneca (UK), Serum Institute of India Pvt. Ltd. (India), Bavarian Nordic (Denmark), Mitsubishi Tanabe Pharma Corporation (Japan), Daiichi Sankyo (Japan), Panacea Biotec (India), Biological E (India), Bharat Biotech (India), Sinovac Biotech Ltd (China), Incepta Vaccine Ltd. (Bangladesh), Valneva SE (France), VBI Vaccines Inc. (US), and Bio Farma (Brazil).
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Vaccines Market Overview
4.2 North America: Vaccines Market, By Technology (2018)
4.3 Geographical Snapshot of the Vaccines Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Prevalence of Infectious Diseases
5.2.1.2 Rising Focus on Immunization Programs
5.2.1.3 Growing Government Support for Vaccine Development
5.2.1.4 Increasing Company Initiatives to Enhance Vaccine R&D
5.2.2 Restraints
5.2.2.1 High Cost of Vaccine Development
5.2.3 Opportunities
5.2.3.1 High Growth Prospects in Emerging Markets
5.2.3.2 Focus on Therapeutic Vaccines
5.2.3.3 Use of Adjuvants in Vaccines
5.2.4 Challenges
5.2.4.1 Inadequate Access to Vaccines
5.2.5 Burning Issues
5.2.5.1 Product Recalls
6 Industry Insights
6.1 Regulatory Landscape
6.1.1 North America
6.1.2 Europe
6.1.3 Asia
6.1.4 RoW
6.2 Key Pipeline Products
6.3 New Vaccine Opportunities
6.3.1 HIV
6.3.1.1 HIV Vaccine: Product Pipeline
6.3.1.2 HIV Vaccine: Public-Private Initiatives
6.3.1.3 HIV Vaccine: Funding
6.3.2 Malaria
6.3.3 Zika
6.3.4 Ebola
7 Vaccines Market, By Technology
7.1 Introduction
7.2 Conjugate Vaccines
7.2.1 Conjugate Vaccines Hold the Largest Share of the Market
7.3 Inactivated & Subunit Vaccines
7.3.1 Ease of Storage and Transportation have Made Inactivated & Subunit Vaccines Popular
7.4 Live Attenuated Vaccines
7.4.1 Issues in Preserving and Maintaining Live Attenuated Vaccines has Slowed Market Growth
7.5 Recombinant Vaccines
7.5.1 Lack of Post-Vaccination Reactions and Reduced Need for Booster Doses are Driving R&D Into Recombinant Vaccines
7.6 Toxoid Vaccines
7.6.1 Company Initiatives and the Introduction of New Vaccines Will Support Market Growth
8 Vaccines Market, By Type
8.1 Introduction
8.2 Monovalent Vaccines
8.2.1 in 2018, the Monovalent Vaccines Segment Accounted for the Largest Share of the Market
8.3 Multivalent Vaccines
8.3.1 Increasing Initiatives By Companies to Develop New Multivalent Vaccines is Driving the Growth of This Segment
9 Vaccines Market, By Disease Indication
9.1 Introduction
9.2 Pneumococcal Disease
9.2.1 Pneumococcal Disease Segment Accounted for the Largest Share of the Market
9.3 DTP
9.3.1 Increasing Accessibility of DTP Vaccines in Developing Countries to Drive Market Growth
9.4 Influenza
9.4.1 Influenza Vaccines Segment to Grow at the Highest Rate During the Forecast Period
9.5 HPV
9.5.1 Growing Prevalence of HPV Infections to Support Market Growth
9.6 Meningococcal Disease
9.6.1 Rising Incidence of Meningococcal Disease to Support the Growth of This Market Segment
9.7 Polio
9.7.1 Government Initiatives to Support the Growth of This Market Segment
9.8 Hepatitis
9.8.1 High Prevalence of Hepatitis Infections is Driving the Demand for Immunization
9.9 Rotavirus
9.9.1 Rising Incidence of Rotavirus Infections to Drive Market Growth
9.10 MMR
9.10.1 Rising Incidence of Measles, Mumps, and Rubella Will Support the Growth of This Market Segment
9.11 Varicella
9.11.1 Promotion of Immunization Programs to Drive the Demand for Varicella Vaccines
9.12 Herpes Zoster
9.12.1 Herpes Zoster Vaccines to Witness Stable Demand During the Forecast Period
9.13 Other Disease Indications
10 Vaccines Market, By Route of Administration
10.1 Introduction
10.2 Intramuscular and Subcutaneous Administration
10.2.1 Intramuscular and Subcutaneous Administration Accounted for the Largest Share of the Market
10.3 Oral Administration
10.3.1 Possibility of Irritation of the Gastric Mucosa May Limit the Growth of This Segment
10.4 Other Routes of Administration
11 Vaccines Market, By Patient Type
11.1 Introduction
11.2 Pediatric Patients
11.2.1 in 2018, the Pediatric Patients Segment Accounted for the Largest Share of the Market
11.3 Adult Patients
11.3.1 The Adult Patients Segment is Expected to Grow at the Highest CAGR During the Forecast Period
12 Vaccines Market, By Region
12.1 Introduction
12.2 North America
12.2.1 US
12.2.1.1 The US is the Largest Market for Vaccines
12.2.2 Canada
12.2.2.1 High Incidence of Infectious Diseases is Driving the Demand for Vaccines in the Country
12.3 Europe
12.3.1 Germany
12.3.1.1 Significant Investments in R&D to Support Market Growth
12.3.2 UK
12.3.2.1 Launch of New Products to Support Market Growth in the UK in the Coming Years
12.3.3 France
12.3.3.1 Favorable Government Initiatives for Immunization to Support Market Growth in France
12.3.4 Italy
12.3.4.1 Conjugate Vaccines to Account for the Largest Share of the Italian Market
12.3.5 Spain
12.3.5.1 Rising Investments in Vaccine Development By Private Organizations to Support Market Growth in Spain
12.3.6 Rest of Europe
12.4 Asia
12.4.1 Japan
12.4.1.1 Government Initiatives for Increasing the Accessibility of Vaccines to Drive Market Growth in Japan
12.4.2 China
12.4.2.1 Growing Investments in the Biotechnology Sector to Drive Market Growth in China
12.4.3 India
12.4.3.1 Growth of the Biotechnology Sector and Development of New Vaccines to Support Market Growth in India
12.4.4 Rest of Asia
12.5 Rest of the World
12.5.1 Latin America
12.5.2 Other RoW Countries
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis
13.3 Competitive Leadership Mapping (Overall Market)
13.3.1 Visionary Leaders
13.3.2 Innovators
13.3.3 Dynamic Differentiators
13.3.4 Emerging Companies
13.4 Competitive Situation and Trends
13.4.1 Agreements, Contracts, and Collaborations
13.4.2 Product Launches and Approvals
13.4.3 Acquisitions
13.4.4 Expansions
14 Company Profiles
14.1 GlaxoSmithKline PLC
14.1.1 Business Overview
14.1.2 Products Offered
14.1.3 Recent Developments (2016-2019)
14.2 Pfizer Inc.
14.3 Merck & Co. Inc.
14.4 Sanofi Pasteur S.A.
14.5 CSL Limited
14.6 Emergent Biosolutions Inc
14.7 Johnson & Johnson
14.8 AstraZeneca
14.9 Serum Institute of India Pvt. Ltd.
14.10 Bavarian Nordic
14.11 Mitsubishi Tanabe Pharma Corporation
14.12 Daiichi Sankyo Company Limited
14.13 Panacea Biotec Ltd.
14.14 Biological E
14.15 Bharat Biotech
14.16 Other Companies
14.16.1 Sinovac Biotech Ltd.
14.16.2 Incepta Vaccine Ltd.
14.16.3 Valneva SE
14.16.4 VBI Vaccines Inc.
14.16.5 PT Bio Farma (Persero)
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