Live Attenuated Vaccines Market Profile, Latest News, Cost Profit Structure and Share Till
Increasing prevalence of disease, increasing awareness regarding immunization and vaccination drive the growth of this market. Joint effort of government agencies and Non-Government Organization (NGO) to curb the spreads of diseases also contribute to the growth of this market. Global live attenuated vaccines market was about is expected to reach USD 45.2 billion by 2023 at a CAGR of 10.7% during forecast period 2017 to 2023.
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Key players in live
attenuated vaccines market are: 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).
Founded in 1886, Johnson
& Johnson Pvt. Ltd. (J&J) is a global pharmaceutical and consumer goods
manufacturer, headquartered in New Jersey, USA. It is one of the largest
healthcare companies in the world.
Segmentation:
Global Live Attenuated Vaccines Market Profile is segmented on the basis of type which includes
bacterial and viral vaccines. Bacterial vaccines include BCG vaccine, and viral
vaccine include oral polio vaccine (OPV), measles, rota virus and yellow fewer,
and other viral vaccines. On the basis of vaccine development the market is
segmented into tissue culture, embryonated eggs, and live animals, end-user includes
hospitals, clinics, diagnostic centers, research institute, and others.
On the basis of geographic
region, live attenuated vaccines market is segmented into four key regions:
Americas, Europe, Asia Pacific and Middle East & Africa. America is the
largest market due to strengthened healthcare system, presence of major
players, increasing awareness about vaccination and immunization programs.
Increasing geriatric population, availability of healthcare resources &
manpower. The market in Asia Pacific is also growing rapidly. Prevalence of
infectious disease, changing lifestyles, unavailability of adequate healthcare
resources drive the growth of this market in Asia Pacific. Serum Institute is
the largest vaccine manufacturer in India. The company has vast range of
vaccine products and it supplies these vaccines to more than 130 countries all
across the world. The Middle East & Africa shows slow but positive growth
in this market. Immunization of new born has been initiated by African
countries to reduce child mortality.
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