Adult Vaccines Market Size, Share, Growth, Trends, and Forecast, 2018–2024
Sarasota, FL -- (SBWIRE) -- 07/13/2018 -- Global Adult Vaccines Market: Overview
A vaccine is a biological preparation that develops immunity to a specific disease. Immunization does not end in childhood. An adult's immunity can wear off from childhood vaccinations, risking them for new and infectious diseases. Some vaccines may not be available in childhood; also the recommendations of vaccines may change over a period of years. Hence, it is important to be sure your adult immunizations are up-to-date especially if you are pregnant or planning to become pregnant. Immunizations needed by an adult are based on the factors such as health, age, lifestyle, medical conditions, travel and previous immunizations. All adults need certain immunizations which protect them against: Shingles (adults 60 years and older), Pneumococcal (adults 65 years and older and adults with risk conditions), Seasonal influenza (flu) (all adults); tetanus, diphtheria, pertussis (whooping cough); Hepatitis B for adults who have diabetes or are at risk; chickenpox (varicella), and measles, mumps, and rubella.
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Global Adult Vaccines Market: Growth Factors
Government is supporting to reduce the incidence of vaccine-preventable diseases, which indeed is driving the adult vaccine market vigorously. Growing awareness and efficiency of vaccines in preventing diseases will considerably grow in number for people opting for Zoster, Cervical Cancer (HPV), Hepatitis, Meningococcal vaccines in future till 2022. Innovative technology in the vaccine industry is driving the growth of the global adult vaccines market. However, the absence of technical professionals and huge capital demand are some of the major restraints for the global adult vaccines market. In addition, stringent governance and limited vaccines production are also impeding the growth of the global adult vaccines market. Complications and side effects associated with vaccinations also restrict the growth of the global adult vaccines market. Advancement in science would boost opportunities for global adult vaccines market.
Global Adult Vaccines Market: Segmentation
Global adult vaccines market is segmented by Vaccine Type (Monovalent and Multivalent); by indication (Hepatitis, Influenza, Tetanus/Diphtheria/Pertussis, Human Papilloma virus, Measles/mumps/Rubella, Pneumococcal, Meningococcal, Rotavirus, Varicella, and Others), by Technology (Inactivated Viral or Bacterial Vaccines, Live Attenuated Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines, others), and by Region.
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Global Adult Vaccines Market: Regional Analysis
In the global adult vaccines market, on a regional basis, the United States comprises the single biggest market being nearly followed by Europe. This is due to modernized research infrastructure in these regions. Germany will advance at a considerable rate over the coming years due to increasing government initiatives to offer medical service for the vaccination. Japan adult vaccines market share is anticipated to remain flat throughout the forecast period. South America and India are competing closely with each other to get the maximal share of the adult vaccines market due to increasing awareness among people about preventable diseases. Several government associations have started various programs to promote awareness among people towards diseases such as DTP, Influenza, measles, and mumps in Asia.
Global Adult Vaccines Market: Competitive Players
Immunization currently prevents a predicted 2 to 3 million deaths every year. Adult vaccines persist to be one of the growing segments for pharmaceutical companies. Some of the most important market players in the global adult vaccines market are Bharat Biotech, GlaxoSmithKline, Pfizer, Sanofi Pasteur, Merck and Co, Novartis, Serum Institute of India, Johnson & Johnson, CSL Limited, AstraZeneca Plc, Medimmune, Dynavax Technologies Corporation and ImmunoBiology Ltd.
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Global Adult Vaccines Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa