ID: MRFR/Pharma/0595-HCR | February 2021 | Region: Global | 110 pages
Vaccines created by reducing the virulence of pathogens are known as Live Attenuated Vaccines (LAV). These pathogens are weakened under laboratory conditions. The vaccine triggers a potent immune response against infectious diseases. They initiate memory cell production in order to respond to the pathogen that previously invaded the body. Increasing awareness about vaccination, growing government funding for vaccination programs and increasing prevalence of infectious diseases drive the growth of this market. Improving healthcare infrastructure, increasing demand for LAV, and emphasis on prevention of diseases also drives this market. Global market of live attenuated vaccines is expected to reach USD 45.2 billion in 2023 from USD 34.2 billion in 2016 with a CAGR of approximately 10.7% during the forecast period 2017-2023.
The main objective of this research is to provide information about live attenuated vaccines market, types of vaccine, vaccine development, and its end users.
To provide a detailed analysis of the market structure along with the forecast for the next seven years of the various segments and sub-segments of the live attenuated vaccines market.
To provide insights about factors affecting the market growth.
To analyze the live attenuated vaccines market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia Pacific and the Middle East & Africa.
To provide country level analysis of the market with respect to the current market size and future perspective.
To provide country level analysis of the market for segments by type, vaccine development, by end users and its sub-segments.
To provide an overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global live attenuated vaccines market.
Figure 1: Global live attenuated vaccines market, By region, 2016
Source: Press release, company presentation, annual reports
GlaxoSmithKline, plc. (U.K.), Merck & Co. (U.S.), Pfizer, Inc. (U.S.), Astellas Pharma Inc. (Japan), Johnson & Johnson (U.S.), CSL Limited (Australia), Emergent BioSolutions, Inc. (U.S.), MedImmune, LLC (U.S.), Sanofi (France), and Serum Institute of India Pvt. Ltd. (India).
Global live attenuated vaccines market is segmented on the basis of type, which includes bacterial and viral vaccines. Bacterial vaccines includes BCG vaccine, and viral vaccine include oral polio vaccine (OPV), measles, rotavirus, and yellow fewer & other viral vaccines. On the basis of vaccine development, the market is segmented into tissue culture, embryonated eggs, live animals, and on the basis of end users, it is sub-segmented into hospitals, clinics, diagnostic centers, research institute & others.
Contract Research Organizations (CROs)
Research and Development (R&D) Companies
Academic Medical Institutes and Universities
Figure 2: Market synopsis
Sources: Press release, presentation, company website, annual reports, government records, journals expert interview.
Globally, live attenuated vaccines market consists of four regions America, Europe, Asia Pacific and the Middle East & Africa. North America is the largest market in the world. Initiatives taken by the government for vaccination against diseases like influenza, as well as excellent management of public awareness programs are boosting the growth of this market in North America. Europe is the second largest market owing to availability of funds for R&D activities and growing emphasis on R&D. Asia Pacific shows the fastest growth in this market due to an increase in prevalence of communicable diseases. India is expected to be an emerging and the fastest growing market. The market shows steady growth in the Middle East & Africa.
The report for live attenuated vaccines market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
Frequently Asked Questions (FAQ) :
Global Live Attenuated Vaccines Market size can inflate to USD 45.2 billion by 2023.
Global Live Attenuated Vaccines Market was worth USD 34.2 billion in 2016.
Global Live Attenuated Vaccines Market is expected to expand at 10.7% CAGR from 2017 to 2023.
North America is expected to dominate the Global Live Attenuated Vaccines Market till 2023.
Merck & Co., Astellas Pharma Inc., Sanofi, GlaxoSmithKline, plc., Emergent BioSolutions, Inc., MedImmune, LLC, Serum Institute of India Pvt. Ltd., Pfizer, Inc., Johnson & Johnson, and CSL Limited are major players of the Global Live Attenuated Vaccines Market.