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Vaccines Market Future Challenges and Industry Growth Outlook by 2020-2025

Author : Ronak Bora | Published Date : 2020-09-22 

Vaccines Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global vaccines market is anticipated to expand at a considerable rate in the coming years, owing to rising demand for preventive vaccines to treat myriad infectious and non-infectious diseases.

Likewise, high government funding for the research and development of potential vaccines will further give the industry a substantial boost over the projected timeframe. For instance, the ongoing global health crisis stemming from the COVID-19 pandemic outbreak has driven many institutions and healthcare bodies to join hands in order to develop a suitable vaccine therapy to combat this virus. Operation Warp Speed (OWS) is a notable example of this, involving the collaborative efforts of various US federal government departments, such as the Health and Human Services, its subagencies Agriculture, Energy and Veterans Affairs as well as the private sector.

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Furthermore, within the OWS, the NIH (US National Institutes of Health) has struck up partnerships with over 18 biopharmaceutical firms to expedite the development of effective vaccine and drug therapies for COVID-19 treatment.

Multiple initiatives as well as large routine vaccination programs implemented by the government are rapidly accelerating in underdeveloped and developing economies. Rising awareness regarding health and wellness, alongside low mortality rate via vaccine adoption, will further amplify the vaccines market expansion in years ahead.

As per GMIs, Inc. estimates, the global vaccines market size is expected to exceed $70 billion by 2025.

Mounting adoption of vaccines to minimize the risk of catching infectious diseases coupled with increasing imposition of innovative federal initiatives to promote the idea of immunization could fuel the demand for vaccines in the United States. The U.S. vaccine market is projected to register a compound annual growth rate of 8.9% by the end of 2025. With close to 5 million COVID-19 cases registered in the U.S., pharmaceutical companies in the region have geared up their efforts for developing an effective vaccine, facilitating market growth.

Japan has an active stance on the subject of vaccinations and has been at the forefront in introducing innovative routine vaccination programs. As a result of its October 2016 initiative, the region is observing a higher rate of administration as compared to voluntary vaccines. Reports predict that the Japan vaccines market could show significant growth in the future and might reach USD 6 billion by the end of 2025.

Prominent players like AstraZeneca, Merck, Novartis, Johnson & Johnson, Abbott, Bristol-Myers Squibb, and Sanofi Pasteur are engaging in strategic business approaches like product development and acquisition to strengthen their consumer base. Taking August 2020 for instance, Aurobindo Pharma Limited announced that it is working on developing multiple viral vaccines, including one for COVID-19. Moreover, in a recent meeting, the firm revealed that it has strengthened its market presence in the vaccines segment by acquiring R&D assets from Profectus Biosciences. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/vaccines-market

Partial Chapter of the Table of Content 

Chapter 4. Vaccines Market, By Age group

4.1. Key segment trends

4.2. Pediatric

4.2.1. Market estimates and forecast, by region, 2014 - 2025

4.3. Adult

4.3.1. Market estimates and forecast, by region, 2014 - 2025

Chapter 5.  Vaccines Market, By Technology

5.1. Key segment trends

5.2. Attenuated

5.2.1. Market estimates and forecast, by region, 2014 - 2025

5.3. Toxoid

5.3.1. Market estimates and forecast, by region, 2014 – 2025

5.4. Conjugate

5.4.1. Market estimates and forecast, by region, 2014 – 2025

5.5. Inactivated & subunit

5.5.1. Market estimates and forecast, by region, 2014 – 2025

5.6. Recombinant

5.6.1. Market estimates and forecast, by region, 2014 – 2025

5.7. Others

5.7.1. Market estimates and forecast, by region, 2014 – 2025

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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