Coronavirus Vaccine Market Report: Market anticipated to reach USD 31.6 BN by 2026
Posted On August 19, 2020
The Global Coronavirus Vaccine Market value is expected to grow from USD 8.6 BN in 2019 to USD 31.6 BN by 2026 at a CAGR of 20.5% during 2020-2026 as per the market report by Value Market Research. The global market for coronavirus vaccine is vast, and demand is massive. All nations desire to protect their population from the attack of the coronavirus. The increasing government funding and entry of big pharma giants in the coronavirus vaccine are fuelling the global market. Furthermore, increasing initiatives and research to develop innovative DNA-RNA based vaccines and growing research to develop vaccines for other coronaviruses such as MERS and SARS drives the global market.
The COVID-19 pandemics caused by the novel coronavirus SARS-CoV-2 virus is spreading faster and continuously creating havoc all over the world. SARS-CoV-2 is a coronavirus that belongs to the subfamily Orthocoronavirinae, in the family Coronaviridae. The entire healthcare and pharmaceutical industry is rushing to develop an effective vaccine against SARS-CoV-2 to combat the disease. According to WHO, there are more than 165 vaccines in different countries are under development for the novel coronavirus. Twenty-three of these vaccines are in clinical trials while six in Phase III human trials. In India, eight vaccines are under development stage, and two of these have entered Phase I human trials. In collaboration with Oxford University and the Bill gates foundation, Serum Institute and Bharat Biotech are the two leading vaccine developers in India.
The report “Global Coronavirus Vaccine Market Report By Infection Type (HCoV-229E, HCoV-OC43, SARS-CoV, Others), By Vaccine Type (Inactivated Coronavirus Vaccine, Live Attenuated Coronavirus Vaccine, S-Protein Based Coronavirus Vaccine), By End User (Hospitals, Clinics, Research Institutes, Others), And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the coronavirus vaccine market, thus making the foundation of the report strong and reliable.
On the basis of Infection Type the market is segmented into HCoV-229E, HCoV-OC43, SARS-CoV, Others. By Vaccine Type the coronavirus vaccine market is categorised as Inactivated Coronavirus Vaccine, Live Attenuated Coronavirus Vaccine, S-Protein Based Coronavirus Vaccine.By End User the coronavirus vaccine market is categorised as Hospitals, Clinic, Research Institute, Others. Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Coronavirus Vaccine Market -
By Infection Type
- New Haven CoV
By Vaccine Type
- Inactivated Coronavirus Vaccine
- Live Attenuated Coronavirus Vaccine
- S-Protein Based Coronavirus Vaccine
By End User
- Research Institute
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Pfizer, Johnson & Johnson, Moderna Ships, CalciMedica, Gilead Sciences.
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