The Global Disease Control and Prevention Vaccine Market, by Product Type (Live-Attenuated, Inactivated, Recombinant Sub Unit, and Toxoid), by Type (Monovalent and Multivalent), By Route of Administration (Oral and Injectable), by Age Group (Pediatric Vaccine and Adult Vaccine), By Indication (Infectious Disease, Cancer and Other Indications) was valued US$ 41.12 billion in 2017 and is projected to exhibit a CAGR of 12.1% over the forecast period (2017 – 2025) as highlighted in a new report published by Coherent Market Insights. New product launches by market players coupled with rising government immunization programs are the major factors driving growth of the global disease control and prevention vaccine market over the forecast period.
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Vaccines aid in control and prevention of viral and bacterial disease. Vaccines for infectious disease has large impact on reducing disease incidence and burden of vaccine preventable disease. According to Centers for Disease Control and Prevention (CDC), in 2013, around 226,000 people are hospitalized every year and between 3,000 and 49,000 people die due to influenza and its complications. The global efforts to tackle infectious disease by better surveillance and immunization system enhanced effectiveness of the immunization program. For instance, according to World Health Organization (WHO), incidence of polio are decreased by 99% as of 2018 as compare to 1988, attributed to global initiatives for polio eradication by public and private organizations. Furthermore, increasing government initiative to strengthen immunization program are expected to augment the growth of disease control and prevention vaccine market. For instance, in 2017, Minister of Health from 194 countries endorsed Global Vaccine Action Plan to prevent millions of death through more access to vaccine by 2020. Moreover, manufacturers are focusing on the developing new vaccine with better safety and immunity for the disease at low cost.
Some of the major players involved in global disease control and prevention vaccine market include GlaxoSmithKline plc (GSK), Merck & Co. Inc., Sanofi, AstraZeneca PLC, Pfizer, Inc., Serum Institute of India Pvt. Ltd., Sinovac Biotech Ltd., Astellas Pharma Inc., and Daiichi Sankyo