Vaccine Market Capacity, Production and Revenue Forecast 2024

In addition, an enhanced and considerate understanding of the immune system has cemented new prospects for
making new therapeutic and preventive vaccines. Rapid advancements in consideration of the immune system and
wish of medical society to engineer both therapeutic and preventive vaccines for a wide-ranging field of diseases are
expected to fuel the changes in the managed care industry and medicine industry which in return is expected to fuel
the growth of the market. The expansion of worldwide Vaccine industry is partially fuelled by technical breakthroughs
such as genome sequencing of contagious pathogens, sophisticated understanding of the immune system and its
instrumentation of reaction, chased by a noteworthy influx of money from civic funding bodies, commercial
organizations and private charity. Safety, the manifestation of adequately high efficiency and lack in a requirement of
a reliable evaluation and development pathway are the main obstructing blocks for making new vaccines.
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Additionally, discovering novel and more efficient ways of healing rising public health threats, there is substantial focus
on recovering access to immunization for people in developed and developing countries. There is an imbalance in
demand to create effective vaccines in opposition to a number of lethal infectious diseases such as malaria, hepatitis
C and AIDS. Even though, vaccines for Infectious diseases such as influenza and TB exist, but are only partly effectual
and this sector demands significant upgrading to react for the actual public health needs. This imbalance is expected
to pose the challenge for this market over the forecast period.
On the basis of technology class, the market can be segregated into Conjugate Vaccines, Toxoid Vaccines, Sub-Unit
Vaccines, Recombinant Vector Vaccines, Live/Attenuated Vaccines, DNA Vaccines, Synthetic Vaccines and Dentritic
Vaccines. On the basis of the type, the market can be segregated into Therapeutic and Preventive. On the basis of end
users, the market can be segmented into Adult and Paediatric. On the basis of disease indication, the market can be
segregated into Infectious Diseases, Cardiovascular Diseases, Allergies, Cancer and Others such as Diabetes. On the
basis of a geographical region, the market can be segregated into North America, Asia Pacific, Europe and Rest of the
world. Asia Pacific is expected to grow rapidly over the forecast period owing to increasing demands of a vaccine in
the countries like India and China coupled with rising awareness about the usage of vaccines. North America is
expected to capture maximum revenue over the forecast period owing to great awareness of vaccine and increasing
regulation by government to strengthen the vaccination process. North America is followed by Europe.
Some of the key players in the market are Sanofi, Glaxo SmithKline PLC, Merck & CO., INC., Novartis AG, Aduro biotech,
ImmunoCellular Therapeutics Ltd, Antigen Express, INC, Agenus Inc, Galena Biopharma Inc., Dynavax Technologies
Corp., and Inovio Pharmaceuticals. The companies are focused on initiating the DNA-supported vaccines to stop and
cure cancer and infectious diseases. The market is less fragmented and there is the lack of standardization which is
expected to pose the challenge for the players over the forecast period. As the number of contagious diseases is
increasing, the key companies playing in this area try their best to incorporate latest innovations in their vaccines so
that they can have more effective vaccines. This market is expected to be innovation driven over the forecast period.
Market Segmentation