The immune system is considered as the body’s natural defense against germs. When a germ enters the body, the immune system sends special cells to fight it off. The immune system is not naturally strong enough to prevent a disease from seriously harming a person. But there’s a way to give the immune system a boost, it is known as vaccine. A vaccine is a biological preparation that provides active acquired immunity to a specific disease. A vaccine naturally contains an agent that resembles a disease causing microorganism and is often made from weakened or killed forms of the microbe, its surface proteins or toxins. The administration of vaccines is called vaccination. Vaccination is the most effective method of preventing infectious diseases. Widespread immunity due to vaccination is largely responsible for the worldwide eradication of smallpox and restriction of diseases such as polio, measles and tetanus.
The U.S. is a major contributor to the global vaccines market supported by increasing disposable income of the population and mass awareness of newly developed vaccines in the region. Also, research and development efforts to develop new vaccines to prevent the population from infections and diseases fueled the growth of vaccines market.
The global vaccines market is expected to grow in future due to increasing disposable income, rising healthcare expenditure, increasing demand for HPV vaccines and rapid urbanization. Key trends of this market include global uptake of routine immunization, emergence of new and innovative vaccines and increase in global vaccines expenditure per capita by country. However, there are some factors which can hinder the market growth including stringent legal norms, risks associated with manufacturing and transportation and slow progress of research and development.
The report “Global Vaccines Market with Focus on China: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the U.S., India and China. The report profiles the key players of the market including Merck & company, Sanofi, Pfizer and GlaxoSmithKline.