The global vaccine market size reached USD 45.20 billion in 2021 and is expected to register a revenue CAGR of 9.7% during the forecast period, according to the latest analysis by Emergen Research. The increase in infectious diseases in developing countries is one of the key factors driving market revenue growth. The global rise in the prevalence of infectious illnesses increases the healthcare burden on countries and has an impact on their socio-economic growth. In addition, the rise in the prevalence of infectious diseases such as malaria, influenza, hepatitis, and HIV/AIDS is driving revenue growth. Moreover, the emergence of drug-resistant microbial strains has hampered efforts to combat infectious illnesses such as pneumonia, cholera, malaria, and diarrhea, among others.
The most recent market research report from Emergen Research, titled Global Vaccine Market, provides an estimated market size and share as well as current industry trends, global market growth rates, significant drivers and opportunities, difficulties, product segmentation, and key market competitors. Pricing range, size of the market, degree of competition, product offerings and details, and business histories
Rising demand for new drugs to replace those that have lost efficiency, as well as investment in vaccine research and development, are driving market growth. Increased financing from public and private groups, as well as favorable government policies, have all contributed to the global vaccine market's expansion.
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Competitive Terrain:
The global Vaccine industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
Pfizer, Inc., CSL Limited, Merck Co., Inc., AstraZeneca, Johnson Johnson, Serum Institute of India Pvt., Ltd., GlaxoSmithKline PLC, Sanofi Pasteur SA, Emergent Biosolutions, Inc., and Biological E
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Some Key Highlights From the Report
- The monovalent vaccine segment accounted for a significant revenue share in 2021. Monovalent vaccination is intended to immunize only one microbe and one antigen (for example, measles vaccine). This type of vaccination is preferred for inducing a high immunological response.
- The pediatric segment revenue is expected to register a steady growth rate during the forecast period. Increasing attempts by companies to develop effective pediatric vaccinations for prevention of illness is expected to drive pediatric vaccine segment revenue growth.
- The recombinant vaccine segment is expected to lead in terms of revenue contribution to the global market over the forecast period. Recombinant vaccines can be easily produced and have lesser risks as compared to other vaccines.
- The Asia Pacific market is expected to register a considerably rapid growth rate in the global vaccine market over the forecast period owing to increased vaccine awareness and immunization initiatives. Rising cases of severe infectious diseases including novel coronavirus disease and growing demand for COVID-19 vaccines are driving market growth in this region.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Vaccine market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Vaccine market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Vaccine market.
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Market Overview:
The report bifurcates the Vaccine market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2018-2028)
- Monovalent Vaccines
- Multivalent Vaccines
- Patient Type Outlook (Revenue, USD Billion; 2018-2028)
- Pediatric Patients
- Adult Patients
- Technology Outlook (Revenue, USD Billion; 2018-2028)
- Inactivated Subunit Vaccines
- Conjugate Vaccines
- Recombinant Vaccines
- Live Attenuated Vaccines
- Toxoid Vaccines
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Vaccine Market report:
- The latest report comprehensively studies the global Vaccine market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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