Global Conjugate Vaccine Market Share 2021 Expeditious Growth, Opportunities and forecast to 2027
Conjugates vaccines are formed by covalently
bonding a weak antigen to the strong antigen, it boosts the hosts’ immune
response. Major conjugate vaccines are haemophilus influenza type B (Hib)
vaccine, pneumococcal vaccine, and meningococcal vaccine. Vaccines are given to
children to prevent transmission of diseases through infections and seasonal
variation. Young children are more susceptible to infection that drives growth
of the market. Moreover, increasing government support is expected to fuel the
market’s growth during the forecast period. The effectiveness of vaccine
conjugates and need more advanced research, which may hinder the growth of the
market during the forecasted period.
The global conjugates
vaccine market is expected to grow at a CAGR of 10.5% during the
forecast period 2017-2023.
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Major Key Players:
Some of the key players in
the global market are GlaxoSmithKline plc. Merck & Co., Inc. (U.S),
Fablife. (India), SutroVax Inc.(U.S), Sanofi Pasteur SA.(France), Pfizer Inc.
(U.S), Sinovac Biotech Ltd. (China), IDT Biologics GmbH, GreenSignal Bio Pharma
Limited (India), Taj Pharmaceuticals Limited (India), and Bavarian Nordic(US).
Segmental
Analysis
The global conjugate vaccine is
segmented on the basis of type, indication, and end users. On the basis type it
is segmented into Haemophilus B, monovalent, multivalent, and others. On the
basis of indication, it is segmented into Influenza, Pneumococcal, Meningococcal,
and others. On the basis of end users, it is segmented into pediatrics and
adults.
Regional
Analysis
The global Conjugate Vaccine
Market Share consists of four regions which includes Americas, Europe, Asia
Pacific, and the Middle East & Africa.
America is the largest market in
the world due to the major initiatives taken by the government for vaccination
against numerous diseases as well as excellent management of public awareness
programs. Europe is the second largest market owing to increasing emphasis on
and availability of funds for research and development. Moreover, advances in
medical science, awareness about vaccination against more and more diseases
than in the past are major driving factors for the growth of this market.
Increasing vaccination programs by government, increase in the geriatric
population, government’s initiatives and increase in research and development
activities together favor growth of this market.
Asia Pacific is the fastest
growing market due to governments in developing countries of Asia Pacific
undertaking various vaccinations programs to educate people about vaccination.
For instance, India is expected to be the fastest growing market in this region
due to government focusing more on research and development in life sciences
domain. The market shows steady growth in Middle East & Africa due to the
demand of vaccine conjugates which is less than other regions across the globe.
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