Global Report of Child vaccines market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2016 and Forecast 2017-2024
Child vaccines market
Vaccines are the biological preparations which provide the active immunity to the particular disease. The vaccine contain a substance that resembles the disease causing agent, and is prepared from killed or weakened form of microbe, its toxin or its surface proteins. Agents present in the vaccines stimulate the immune system of the body for recognition of the agent as foreign so that the body’s immune system can easily recognize and destroy any of these microorganisms that it later encounters. Childhood vaccines are commonly administered to the age group of 3-8 years which may include DPT, Hepatitis, Influenza, and Measles vaccines, among others.
The global childhood vaccines market is expanding at exponential rate due to increase in the birth rate, increased awareness, various initiative by government and non-governmental organizations such as World Health Organization (WHO), and Centre for Disease Control and Prevention (CDC) are fueling the market growth. Furthermore, government insurance and reimbursement policies, low cost of vaccines, development of new vaccines for various diseases, and an increase in the healthcare expenditure will also boost the global childhood vaccines market growth. However, adverse effects associated with the vaccines, and stringent regulatory policies regarding the diseases and vaccination in low-income countries might hamper the market growth.
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The global childhood vaccines market is categorized as under-
- Type of vaccine
- Inactivated Vaccines
- Attenuated Vaccines
- Toxoid Vaccines
- Subunit Vaccines
- Conjugate Vaccines
- Others
- Route of administration
- Oral
- Intramuscular
- Intradermal
- Subcutaneous
- Intranasal
- Applications
- Diphtheria
- Pertussis
- Tetanus
- Polio
- Measles
- Hepatitis-B
- Others
- Composition
- Mono vaccines
- Combination vaccines
- End-users
Hospitals, Clinics and vaccination centers.
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And lastly, on the basis of geographical regions, the global childhood vaccines market has five major regions- North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America holds the largest share attributed to increase in the prevalence of various diseases such as DPT, etc. In addition, increase in the R&D of vaccines, rise in the healthcare expenditure, and favorable reimbursement scenario help the market grow. Europe childhood vaccines market holds a dominant share owing to increase in the awareness of vaccination regarding various diseases. Asia-Pacific is an emergent market for childhood vaccines due to increase in the birth rate, especially in India and China. Due to less cost of vaccines, Latin America and the Middle East and Africa also hold a significant share in childhood vaccination market.
Some of the market players in childhood vaccines market are MedImmune (U.S.), Johnson & Johnson Services Inc., (U.S.), Merck & Co., Inc. (U.S.), Sanofi (France), Serum Institute of India Pvt. Ltd. (India), Bavarian Nordic (U.S.), Astellas Pharma (Japan), CSL Limited (Australia), Emergent BioSolutions Inc. (U.S.), GlaxoSmithKline plc, (U.K.), , Novartis AG (Switzerland), Organobalance GMBH (Germany), Biological E (India), and Mabvax Therapeutics Holdings Inc. (U.S.) to name a few. In early 2017, FDA approved Sanofi Pasteur’s active immunization against tetanus, diphtheria, poliomyelitis, and pertussis in children 4 to 6 years of age.
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Acquisitions & mergers, collaborations, launch of new products, and technological developments are some of the key strategies followed by various companies for increasing their share in the global childhood vaccines market. In addition to various other vaccines, GSK and Biological E partnered to produce a 6-in-1 vaccine to protect against polio and 5 other diseases. The innovation of single vaccine for multiple diseases might fuel the global childhood vaccines market growth.
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