Recombinant Vaccines Market 2023 Size, Share, Revenue Trends and Growth Drivers
The Recombinant Vaccines Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
The global recombinant vaccines market size was valued at USD 10.82 billion in 2019 and is projected to reach USD 25.32 billion by 2027, exhibiting a CAGR of 11.3% during the forecast period. According to the HPV Information Center, annual incidence cases in 2018 for HPV were highest among the emerging countries such as China and India. Also, the World Health Organization (WHO) states that China has the world’s largest burden of hepatitis B virus infections leading to the growing demand for vaccine doses and vaccination camps. Governments from all the countries worldwide are keenly focused on implementing vaccination programs and policies to help eradicate the burden of these diseases. This is anticipated to drive the global market during the projected period. Recombinant Vaccines Market Size, Share & COVID-19 Impact Analysis, By Type (Subunit and Live Attenuated), By Route of Administration (Parenteral and Oral), By Disease Indication (Human Papillomavirus (HPV), Hepatitis B, Rotavirus, Herpes Zoster, Meningococcal B, and Others), By Distribution Channel (Hospital & Retail Pharmacies, Government Suppliers and Others) and Geography Forecast, 2020-2027
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Market Growth Drivers:
One of the most crucial and significant drivers for the market growth is the full-fledged advantage of recombinant properties in providing effectiveness and safety to the patient getting immunized. The vaccines can be produced quickly and in larger quantities, which eliminates the risk of vaccine shortages. These products are also free from infectious viral particles, thus reducing the risk of infection and can be safely given to immunosuppressed people. Owing to the advantages of vaccines, manufacturers are deliberately focused on developing novel products against viral diseases through advanced DNA technology, genomics, and other biotechnology techniques.
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Who are the Major Recombinant Vaccines Market Vendors?
- GlaxoSmithKline plc. (U.K, Europe)
- Merck Co., Inc (New Jersey, U.S)
- Dynavax Technologies(California, U.S)
- Pfizer Inc (New York, U.S)
- Sanofi S.A (France, Europe)
- Serum Institute of India Pvt. Ltd (India, Asia Pacific)
- Novartis AG (Switzerland, Europe)
- Other Prominent Players
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].
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