The global Vaccines Market Size was valued at US$ 42 Bn in 2021 and is forecast to grow at a prolific CAGR of 10% during the forecast period between 2022 and 2032, reaching around US$ 120 Bn by 2032. Growth in the vaccines market is driven by rising prevalence of chronic and infectious diseases and increasing vaccines demand across developed and developing nations.
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FMI, in its business report, elaborates the historical and current scenario of the global Vaccines Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Vaccines market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Vaccines Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Vaccines market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Vaccines market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Vaccines market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Vaccines Market: Segmentation
Valuable information covered in the FMI’s Vaccines market report has been segregated into key segments and sub-segments.
By Technology:
- Conjugate Vaccines
- Inactivated and Subunit Vaccines
- Live attenuated Vaccines
- Recombinant Vaccines
- Toxoid Vaccines
- Viral Vector Vaccines
By Type:
- Monovalent Vaccines
- Multivalent Vaccines
By Route of Administration:
- Intramuscular & Subcutaneous Administration
- Oral Administration
- Other routes (Intranasal, Intradermal and Percutaneous)
By Disease Indication:
- Influenza
- Pneumococcal Diseases
- Combination Vaccines
- HPV
- Herpes Zoster
- Meningococcal Diseases
- Rotavirus
- MMR
- Varicella
- Hepatitis
- DTP
- Polio
- Covid-19
- Other Disease Indications (Cancer, Dengue, Tuberculosis, Typhoid, Japanese Encephalitis, Rabies, Yellow Fever, and Allergies)
By End User:
- Pediatric Vaccines
- Adult Vaccines
Vaccines Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Vaccines market. Competitive information detailed in the Vaccines market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Vaccines market report.
Key players covered in the report include:
Sanofi SA, Merck & Co., Inc, Pfizer BioNTech, CSL Limited, Johnson & Johnson (J&J), Emergent Biosolutions Inc., AstraZeneca plc, Bavarian Nordic A/S, and Mitsubishi Tanabe Pharma Corporation
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Important Questions Answered in the Vaccines Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Vaccines market been expanding during the forecast period?
- How will the global Vaccines market look like by the end of the forecast period?
- What innovative strategies are adopted by Vaccines market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Vaccines market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Vaccines market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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