Vaccines market into technology, type, disease indication, route of administration, patient type, & region. Based on technology, vaccines market is segmented into conjugate vaccines, inactivated & subunit vaccines, live attenuated vaccines, recombinant vaccines, and toxoid vaccines.
Vaccines market is expected to reach USD 50.42 billion by 2023 from USD 36.45 billion in 2018, at a CAGR of 6.7%. Factors like rising prevalence of diseases, increasing government and nongovernment funding for vaccine development, & increasing company initiatives to enhance R&D are driving vaccines market.—
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North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to the increasing investments by companies in India and China, rising disposable income, growing number of awareness programs and symposia, and growing venture capital investments.
List of companies profiled in the report
• GlaxoSmithKline plc
• Pfizer, Inc.
• Merck & Co., Inc.
• Sanofi Pasteur SA
• CSL Limited
• Emergent BioSolutions, Inc.
• Johnson & Johnson
• MedImmune, LLC
• Astellas Pharma Inc.
• Serum Institute of India
• Bavarian Nordic
• Mitsubishi Tanabe Pharma Corporation
• Daiichi Sankyo Company, Limited
• Protein Science Corporation
• Panacea Biotec
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Report provides an overview of vaccines market. It aims at estimating the market size and future growth potential of this market across different segments such as technology, type, disease indication, route of administration, end user, and region.
Vaccine Market, By Technology
2 Conjugate Vaccines
3 Inactivated and Subunit Vaccines
4 Live Attenuated Vaccines
5 Recombinant Vaccines
6 Toxoid Vaccines
Vaccine Market, By Route of Administration
2 Intramuscular and Subcutaneous Administration
3 Oral Administration
4 Other Routes of Administration
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The vaccines market is segmented into intramuscular and subcutaneous administration, oral administration, and other routes of administration. The intramuscular and subcutaneous administration segment is expected to hold the largest share of the vaccines market, in 2018.
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The growth of this segment is attributed to benefits associated with this mode of administration such as faster absorption of medication in blood, and lower rate of injection site reactions.
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Release ID: 392032