Inactivated Vaccines Market Set to Grasp Outstanding Growth of USD 70,564.48 Million by 2030
This Inactivated Vaccines market research report offers numerous advantages that can be applied to various facets of the healthcare industry. It comprehensively addresses the diverse segments essential for today’s business requirements. The report categorizes the market primarily by type, application, and region, providing both regional and global market analyses. Furthermore, this Inactivated Vaccines report serves as a validation tool for data gathered through internal or primary research efforts. It offers insights into Compound Annual Growth Rate (CAGR) estimations, market drivers, and market constraints within the healthcare industry, aiding businesses in formulating diverse strategies.
The research conducted within this Inactivated Vaccines report facilitates the assessment of critical aspects, including but not limited to investments in emerging markets, the success of new product launches, and the expansion of market share. The strategies outlined encompass a range of activities such as introducing new products, expanding operations, forming agreements, initiating joint ventures, pursuing partnerships, executing acquisitions, and other measures to enhance market presence. Furthermore, the report delves into factors like import/export dynamics, gross margin, pricing, cost structures, and consumption trends. These elements are thoroughly examined within the production, supply, sales, and market status sections. In summary, this report acts as a guiding beacon, directing your attention toward the data and realities pertinent to the industry.
Data Bridge Market Research analyses a growth rate in the Inactivated Vaccines Market in the forecast period 2023-2030. The expected CAGR of inactivated vaccines market is tend to be around 7.10% in the mentioned forecast period. The market is valued at USD 40,763.4 million in 2022, and it will grow upto USD 70,564.48 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The wide introduction of new inactivated vaccines after completion of clinical studies are anticipated to increase the growth of the market during the forecast period. Increasing cases of infectious diseases boosts the inactivated vaccines market. The increasing frequency of several viral and bacterial infections globally has boosted demand for inactivated vaccines that will drive the market forward. Annual influenza outbreaks, for one, were expected to cause 3 to 5 million cases of serious influenza and 290,000 to 650,000 fatalities in 2018, according to the World Health Organization (WHO) report.
Key Growth Drivers:
- Increasing Clinical Research Activities
The wide introduction of new inactivated vaccines after completion of clinical studies are anticipated to increase the growth of the inactivated vaccines market during the forecast period. For instance, Merck’s investigational inactivated varicella zoster virus vaccine (V212) specified that a decrease in the occurrence of herpes zoster case by an estimated 64% in immunocompromised subjects in the first phase 3 trial in 2017. Clinical studies also showed that V212 lessens the incidence of herpes zoster pain by about 69.5%. Furthermore, V212 showed 83.7% reduction in the prevalence of post herpetic neuralgia. Furthermore, Bharat Biotech launched JENVAC vaccine to offer long-term protection and immunogenicity against Japanese encephalitis in 2013. The primary benefit of this novel fully indigenous inactivated vaccine is that it can be administered during disease epidemics, since it is an inactivated vaccine and is highly purified. Thus, this boosts the market growth.
The report outlines the involvement of key players, including:
- GSK plc (U.K.)
- Novartis AG (Switzerland)
- Mylan N.V. (U.S.)
- Sanofi (France)
- Boehringer Ingelheim International GmbH. (Germany)
- Merck & Co., Inc. (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Bristol-Myers Squibb Company (U.S.)
- Bharat Biotech (India)
- Serum Institute of India Pvt. Ltd (India)
- Valneva SE (France)
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Key Market Segmentation
Product
- Viral
- Bacterial
- Others
Route of Administration
- Oral
- Subcutaneous
- Others
Method of Activation
- Solvent Detergent
- Radiation
- pH Concentration
- Heat Inactivation
- Others
End User
- Hospitals
- Homecare
- Specialty Clinics
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
The Inactivated Vaccines market report includes the following countries in different regions:
The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:
- North America: United States, Canada, and Mexico.
- Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
- Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
- Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
- South America: Brazil, Argentina, and other countries in South America.
Incorporating these regions into market research is crucial as they serve as significant economic and industrial hubs with diverse consumer markets. By including these regions in their analyses, businesses gain valuable insights into global trends, enabling them to make informed decisions and develop effective strategies. Understanding the market dynamics in these regions helps companies cater to the distinct demands and preferences of various regional markets, whether they plan to expand their operations or simply stay updated with the ever-changing global landscape. This approach ensures that businesses can adapt and tailor their products or services to meet the specific needs of each region, ultimately leading to a more successful and sustainable global presence.
North America has been witnessing a positive growth for inactivated vaccines market throughout the forecasted period because of the focus of major market players on novel technology or formulation of existing drugs. A rise in infectious illness and viral infection instances, upgraded health service, and an improvement of health consciousness among private agencies and government are the major drivers boosting the market growth in this region throughout the forecast period 2023-2030.
Asia-Pacific dominates the market because of the high incidence cases of infectious diseases and number of generic drugs. Rapidly growing population combined with urbanization, technical advances and infrastructural developments in the medical sector, an uptick in government expenditure to increase the immunization programs, and sprouting health awareness through NGOs’ campaigns are some of the forces prompting the regional market growth.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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