This Vaccines Market report offers a comprehensive analysis of the market, standing on the reader’s perspective, delivering the detailed market data and penetrating insights. No matter the client is industry insider, potential entrant or investor, the Vaccines Market report provides useful data and information so that they can succeed in the market.   It gives a fundamental review of the business including definition, arrangements, applications and industry chain structure. The global market investigation is accommodated to the worldwide markets including advancement patterns, focused scene examination and key districts improvement status.

The Vaccines Market report centers around worldwide significant driving industry players giving data for example, organization profiles, item picture and determination, limit creation, value, cost, generation, esteem and contact data. This Vaccines Market gain better understanding of the market related to the complex information on competitors, consumers, trends and investments, etc.  one can better situate their company within the market by applying the knowledge gained from this Vaccines Market research report to build competitive intelligence and formulate and maintain revenue generating business strategies.

The global vaccines market size was valued at USD 74.80 billion in 2023 and is projected to reach USD 168.69 billion by 2031, with a CAGR of 10.7% during the forecast period of 2024 to 2031.

Definition

A vaccine is a biological preparation that provides active acquired immunity to a particular diseaseIt usually includes a weakened or inactive form of the microorganism, its toxins, or surface proteins which helps the immune system recognize and remember the pathogen. This recognition enables the immune system to mount a rapid and effective response if the individual is exposed to the actual pathogen in the future, thereby preventing or reducing the severity of the disease. Vaccines are a critical tool in public health for preventing the spread of infectious diseases and have significantly reduced morbidity and mortality worldwide.       

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Key Growth Drivers:

• Rising Incidence of Infectious Diseases

The escalating global incidence of infectious diseases significantly drives the demand for vaccines.  Recent outbreaks of diseases such as measles, influenza, and COVID-19 have underscored the critical role of vaccination in curbing the spread of infectious diseases and mitigating their impact on public health. According to data released by the World Health Organization (WHO) in July 2023, the coverage of a third dose of the vaccine protecting against diphtheria, tetanus, and pertussis (DTP3) improved from 81% in 2021 to 84% in 2022.  the proportion of children receiving the first dose of the measles vaccine slightly increased from 81% in 2021 to 83% in 2022, These findings highlight the progress in global vaccination efforts and growing emphasis on immunization programs worldwide, further boosting the market for vaccines.

• Increased Funding for Vaccine Research

The surge in funding for vaccine research from government agencies and private organizations is propelling the development of new vaccines and expanding the market. Under the U.S. Department of Health and Human Services (HHS), Project NextGen aims to accelerate and streamline the rapid development of the next generation of vaccines and treatments through public-private collaborations. This initiative involves an initial investment of USD 5 billion. This increased funding is catalyzing research efforts targeting a wide array of diseases, including emerging infectious diseases and cancer. The result is a robust pipeline of new vaccines, addressing unmet medical needs and driving growth in the market.

The report emphasizes the participation of key entities, notably:

• Merck & Co., Inc. (U.S.)
• Pfizer Inc. (U.S.)
• GSK plc (U.K.)
• Sanofi (France)
• Serum Institute of India Pvt. Ltd. (India)
• AstraZeneca (U.K.)
• Johnson & Johnson Private Limited (U.S.)
• Indian Immunologicals Ltd. (India)
• Novasep (France)
• MerckKGaA (Germany)
• Charles River Laboratories (U.K.)
• uniQure N.V. (Netherlands)
• Waisman Biomanufacturing (U.S.)
• Creative-Biogene (U.S.)
• Aldevron (U.S.)
• Addgene (U.S.)
• Oxford Biomedica PLC (U.K.)
• Thermo Fisher Scientific (U.S.)
• Fujifilm Corporation (Japan)
• Spark Therapeutics Inc. (U.S.)

Key Market Perspectives:

• Thorough examination of prevailing market tendencies
• Updates on the latest product advancements and innovations
• Vaccines MarketCompound Annual Growth Rate (CAGR) for both historic and forecasted years
• Strategies and activities of prominent players and brands in the field
• Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Composition (Combination Vaccines and Monovaccines), Type (Subunit, Recombinant, Polysaccharide, and Conjugate Vaccines, Live-Attenuated Vaccines, Inactivated Vaccines, Toxoid Vaccines, and DNA Vaccines), Kind (Routine Vaccine, Recommended Vaccine, and Required Vaccine), Age of Administration (Pediatric Vaccine and Adult Vaccine), Diseases (Pneumococcal Disease, Measles, Mumps and Varicella, DPT, Hepatitis, Influenza, Typhoid, Meningococcal, Rabies, Japanese Encephalitis, Yellow Fever, and Others), Route of Administration (Injectable, Oral, and Nasal), End User (Community Hospitals, Hospitals, Specialty Centres, Clinics, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy)

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