Preventive Vaccines Market Is Estimated to Witness High Growth Owing to Growing Adoption for Preventing Infectious Diseases

 

Preventive Vaccines Market

Market Overview:

Preventive vaccines are biologic products that help develop immunity against a future infection with a particular disease. They contain agents that resemble disease-causing microorganisms and are administered through needle injections or orally. Preventive vaccines are given to protect public from infectious diseases such as poliomyelitis, hepatitis, influenza, pneumonia and many more. They help strengthen the immune system so it can fight the real infection if exposed in the future.

Market Dynamics:
The preventive vaccines market is witnessing high growth owing to growing adoption of vaccines for preventing infectious diseases and rising awareness about vaccination programs. Moreover, increasing research and development activities by key players for development of new preventive vaccines along with government support through vaccination programs in developing countries is further propelling the market growth. However, rising concerns regarding side-effects of vaccination and low availability of preventive vaccines in remote areas is challenging the market growth.

SWOT Analysis

Strength: Preventive Vaccines have proven to be highly effective in eradicating several infectious diseases. They help build immunity against future infections in a cost effective manner. The development of new preventive vaccines to fight emerging diseases is a major strength.

Weakness: Distribution and storage of some preventive vaccines requires a temperature controlled cold chain which can be challenging in remote areas with lack of infrastructure. The need for regular booster doses is another weakness as it affects compliance.

Opportunity: The rising awareness about preventive healthcare and savings on treatment costs provides an opportunity to increase vaccination rates worldwide. The high growth markets in developing countries present a lucrative opportunity.

Threats: Vaccine hesitancy due to safety concerns can negatively impact market growth. Strict regulations around clinical trials also delay market entry of new vaccines.

Key Takeaways
The Global Preventive Vaccines Market Demand is expected to witness high growth, exhibiting CAGR of 9.4% over the forecast period, due to increasing government focus on immunization programs globally. Major regulatory bodies such as the WHO and governments of various countries extensively support vaccination drives with favorable policies and funding.

Regional analysis: North America dominated the preventive vaccines market in 2023 with a share of over 30%, due to high adoption and availability of novel and routine vaccination offerings. However, Asia Pacific is expected to exhibit the fastest growth, with a CAGR of around 11% during the forecast period. Rising healthcare infrastructure and disposable incomes in developing Asian countries drive the growth of preventive vaccines market in the region.

Key players: Key players operating in the preventive vaccines market are Sanofi SA, Pfizer Inc., Novavax Inc., Merck & Co. Inc., Johnson & Johnson, GlaxoSmithKline PLC, Daiichi Sankyo Co. Ltd., Emergent BioSolutions Inc., AstraZeneca, and Takeda Pharmaceutical Company Limited, among others. Major players focus on R&D to develop novel preventive vaccine candidates in high growth therapeutic areas.

Read More:

https://www.marketwebjournal.com/preventive-vaccines-market-growth-demand-and-overview/

Comments

Post a Comment

Popular posts from this blog

The Bladder Liners Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urinary Incontinence

Image
  Bladder Liners Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 million adul
Read more

The Global Electric Powertrain Market Poised for Growth Driven by Sustainable Transportation

Image
  Electric Powertrain Market The global electric powertrain market is seeing rapid adoption as consumers seek more environmentally friendly transportation options. Electric powertrains offer much lower operating costs than internal combustion engines while also being more energy efficient with fewer moving parts. Battery electric vehicles and hybrids containing electric motors and batteries are able to deliver torque instantly for smooth acceleration and regenerative braking that captures kinetic energy to charge the batteries while slowing down. Automakers are developing advanced powertrain technologies that combine smaller, lighter electric motors with improved batteries capable of longer ranges between charges. The global Electric Powertrain Market is estimated to be valued at US$ 94.12 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the majo
Read more

Poultry Market is Expected to be Flourished by Growing Demand for Protein-Rich Food

Image
Poultry Market The poultry market comprises farming of domesticated birds such as chickens, ducks, turkeys, and geese, primarily for their meat and eggs. Poultry meat is one of the most consumed meats globally owing to its high protein content. Chicken is the most commonly produced meat worldwide, with over 95 million tons produced annually. Poultry farming provides affordable animal protein to consumers while generating income and employment for farmers and allied industries. The global poultry industry includes large integrated production facilities, small commercial farms, and backyard flock operations. Technological advancements have increased efficiency in breeding, hatching, feeding, housing, and disease control. The global poultry market is estimated to be valued at US$ 15.88 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key driv
Read more