(Companies Covered: AstraZeneca, Emergent Biosolutions , Glaxosmithkline , Merck , Pfizer , Sanofi Pasteur , Abbott, Astellas Pharma , Bavarian Nordic , CSL Limited , Daiichi Sankyo Company , Johnson & Johnson , Mitsubishi Tanabe Pharma Corporation , Serum Institute of India , Takeda Pharmaceutical Co. Ltd., Biological E Limited, BiondVax Pharmaceuticals Ltd, Bristol-Myers Squibb, Inovio Pharmaceuticals Inc., Madison Vaccines Incorporated, NOVARTIS AG, Novavax, Inc., Panacea Biotec , Sinovac Biotech Ltd., Valneva SE, VBI Vaccine Inc.)
The global vaccines market is expected to decline from $56.7 billion in 2019 to $52.9 billion in 2020 at a compound annual growth rate of -6.8%. The decline is mainly due to the worldwide supply and demand failures of drugs due to the COVID-19 outbreak. The biologic drug shortages because of an inadequate production of biologics is hampering the market growth. The inadequate or slowed production is due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a compound annual growth rate of 14.2% from 2021 and reach $95.9 billion in 2023.
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The vaccines market consists of sales of vaccines and related services. This industry includes establishments that produce anti-infective vaccines, autoimmunity vaccines and vaccines for cancer and other diseases. Vaccines create antibody-antigen reaction that helps in attaining resistance to the disease causing organism. Vaccines include recombinant vaccines, conjugate vaccines, live attenuated vaccines, inactivated vaccines, toxoid vaccines and others.
Global Vaccines Market Segmentation –
1) By Type: Anti-Infective Vaccines, Autoimmunity, Others (Cancer And Others).
2) By Technology: Conjugate Vaccines, Inactivated and Subunit Vaccines, Live Attenuated Vaccines, Recombinant Vaccines, Toxoid Vaccines.
3) By Route of Administration: Intramuscular (IM), Subcutaneous (SC), Oral, Others.
4) By Valance: Monovalent, Multivalent.
5) By Distribution Channel: Institutional Sale, Hospital Pharmacies, Retail Pharmacies.
Global Vaccines Market Driver –
Rising awareness on immunization and vaccination benefits in emerging markets is consistently driving the global vaccines market growth. World Health Organization (WHO) is taking initiatives to increase awareness of immunization through global vaccine action plan (GVAP) and global Immunization vision and strategy (GIVS).
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Few Points From The Global Vaccines Market TOC
1. Executive Summary
2. Vaccines Market Characteristics
3. Vaccines Market Size And Growth
3.1. Global Vaccines Historic Market, 2015-2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Vaccines Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Vaccines Market Segmentation
4.1. Global Vaccines Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F,
2030F, $ Billion
4.2. Global Vaccines Market, Segmentation By Technology, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Vaccines Market, Segmentation By Route of Administration, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.4. Global Vaccines Market, Segmentation By Valance, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.5. Global Vaccines Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Vaccines Market Regional And Country Analysis
5.1. Global Vaccines Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,
5.2. Global Vaccines Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F,
2030F, $ Billion
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