According to the Value Market Research, the Global Adult Vaccine Market was valued at USD 15.8 BN (by revenue) in 2018 and is anticipated to reach USD 22.2 BN by 2025 with a CAGR of 5%. The market report categorizes the adult vaccine industry by type, disease and region. This intellectual market analysis covers market forecast, growth trends, latest market developments and key market player’s detailed analysis.
Increasing mergers and collaborations activities between manufacturing companies and government associations along with the rapid product launches are some of the major trends that have been observed in the global adult vaccines market. The report identifies the growing awareness regarding vaccines efficiency for preventing disease among people to fuel the market growth over the forecasted timeline. Ongoing innovation in technology across the vaccine industry coupled with the increased in research in the field of vaccine technologies is again propelling market growth. Rising government support in the forms of funds and grants for research on specialized vaccines in order to enhance the efficacy of the vaccine is also expected to augment the market growth. However, high capital and lack of technical professionals are some of the major factors that can restraint the global adult vaccines market. Whereas, advancement in the biomedical science field would definitely develop an opportunity for global adult vaccines market in the years to come.
The report "Global Adult Vaccine Market Report By Type (Preventive Vaccine And Therapeutic Vaccine), By Disease (Influenza, Meningococcal, Cervical Cancer, Zoster Shingles, Pneumococcal, Hepatitis, Measles, Mumps, Rubella And Varicella (MMRV), And Diphtheria, Tetanus, Pertussis (DTP)) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" provides full in-depth analysis of the emerging segments and regional markets.
A vaccine is a biological preparation, which contains an agent that is similar to a disease-causing microorganism and is produced from weakened and killed forms of microorganisms. Vaccines are usually used to prevent diseases and improve the immunity of the body. Vaccines help to improve immunity and protect individuals against serious and fatal diseases such as influenza and measles among others.
By type the report bifurcates the market into preventive vaccine and therapeutic vaccine. The therapeutic vaccine is leading the segment since it is efficient in treating infection and induces body immunity. By disease the market has been split into influenza, meningococcal, cervical cancer, zoster shingles, pneumococcal, hepatitis, measles, mumps, rubella, and varicella (MMRV), and diphtheria, tetanus, pertussis (DTP). Influenza is dominating the segment owing to the rising prevalence of acute respiratory diseases and other chronic diseases. Regional segmentation covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominates the global adult vaccine market owing to the rapid research going on in the region like U.S. and Canada.
The Report Segments Global Adult Vaccine Market -
Major Players In The Market:
AstraZeneca Plc., Bharat Biotech, CSL Limited, Dynavax Technologies Corporation, GlaxoSmithKline, ImmunoBiology Ltd., Johnson & Johnson, Medimmune, Merck and Co., Novartis, Pfizer, Sanofi Pasteur and Serum Institute of India.
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