The global vaccines market is likely to grow at a CAGR of 6% through 2025
Albany, NY -- (SBWIRE) -- 05/29/2018 -- A latest market research study titled, "Vaccines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global vaccines market is likely to grow at a CAGR of 6% through 2025, and reach a valuation of nearly US$ 48 Bn.
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The research study highlights the key factors that are likely to fuel demand for vaccines market globally. According to the research study, demand for vaccines is witnessing a growth on account of growing emphasis on reducing the threat of fatal infectious diseases. Governments in various countries, especially in the developing realm, are now mandating certain vaccinations, which has provided support to the market. According to the research study, efforts to mitigate and eradicate diseases such as malaria, dengue, hepatitis, and influenza will continue to drive demand for vaccines during the assessment period.
In a bid to offer in-depth insights, the research study segments the market on the basis of vaccine type, administration route, valance, distribution channel, and geography. On the basis of drug vaccine type, demand for conjugate vaccines is likely to remain robust throughout the assessment period. On the basis of valence, demand for multivalent vaccines is significant, and it is highly likely that it will remain so during the assessment period. By disease indication, demand is likely to remain concentrated in pneumococcal disease segment, whereas hospital pharmacies are likely to hold the largest revenue share in terms of end-use analysis.
The research report also offers market forecast and analysis on the basis of region. According to the report, North America will maintain its lead as one of the largest markets for vaccines globally. The robust healthcare system in the US and Canada, combined with high spending on research and development is likely to create significant opportunities for key players in the market.
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The report opines that vaccine manufacturers will find a steady stream of opportunities to emerge in Asia Pacific, on account of growing focus of the governments to eradicate several diseases. China and India, two of the largest countries in terms of population, are likely to provide significant growth opportunities to manufacturers during the assessment period.
The research study also analyzes the vaccine market on the basis of key players. Some of the leading players profiled in the research study include GlaxoSmithKline plc. Sanofi Pasteur SA, Pfizer, Inc., Merck & Co., Inc., Serum Institute of India Ltd, Emergent BioSolutions Inc., CSL Ltd, Janssen Pharmaceutical Company, Novavax AB and Mitsubishi Tanabe Pharma Corporation
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