Global Poliomyelitis Vaccine Market, By Vaccines type (Polio Vaccine (IPV), Oral Polio Vaccine (OPV)), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2029.
Poliomyelitis Vaccine Market Analysis and Size
The global poliomyelitis vaccine market is expected to witness significant growth during the forecast period. Rising awareness of poliomyelitis vaccination, continuous clinical studies currently being processed to treat poliomyelitis infection and procurement of vaccine by WHO, UNICEF and other government authorities to treat poliomyelitis infection will increase the poliomyelitis market. In addition to this, advances in the treatment options and the presence of well-established healthcare facilities are some of the major impacting factors that are available for the demand of poliomyelitis market. COVID-19 also had a major impact on the market growth.
Data Bridge Market Research analyses a growth rate in the global poliomyelitis vaccine market in the forecast period 2022-2029. The expected CAGR of global poliomyelitis vaccine market is tend to be around 6% in the mentioned forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Poliomyelitis is a highly infectious viral disease wherein the poliovirus invades in the nervous system of human beings, which causes serious life-threatening disabilities and irreversible paralysis in a matter of hours. This virus spreads through person to person contact. Many polio vaccines are available, such as oral polio vaccine (OPV) and inactivated poliomyelitis vaccine (IPV), developed for immunizing children against polio. The OPV contains live attenuated strains of such viruses and IPV contains three poliovirus strains: Mahoney type 1, MEF-1 (Middle East Forces) type 2, and Saukett type 3. The route of administration for OPV is oral while for IPV is injectable.
Poliomyelitis Vaccine Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Vaccines type (Polio Vaccine (IPV), Oral Polio Vaccine (OPV)), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Pfizer Inc. (U.S.), GSK plc (U.K.), Novartis AG (Switzerland), Mylan N.V. (U.S.), Sanofi (France), Boehringer Ingelheim International GmbH. (Germany), Merck & Co., Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Bristol-Myers Squibb Company (U.S.), Astellas Pharma Inc. (Japan), Serum Institute of India Pvt. Ltd (India), BIO-MED (India), HAFFKINE BIO-PHARMACEUTICAL CORPORATION LTD. (India)
Global Poliomyelitis Vaccine Market Dynamics
- Rising Awareness
In the last few years, government and non-government organizations in developing countries, have made extreme efforts to raise awareness for preventive medicine. Several programs have been conducted that reach out to uneducated people, especially in rural areas. For instance, Polio eradication strategy 2022-2026 was launched by GPEI in the year 2020 has maintained a special goal for eradicating the remaining type of WPV1 and, validating the absence of cVDPV2 and also preparing for post-polio challenges. This is a key factor that boosts the Bacterial Vaccines Market in emerging economies of the world.
- Increased Mergers and Acquisitions
The poliomycetes vaccine market is expected to expand due to the rise in the number of mergers and acquisitions of major market players in the market. For instance, in April 2017, Serum Institute of India Pvt. Ltd. acquired U.S. USD 82.08 million for Nanotherapeutics, a Czech company. Serum Institute was able to upsurge its injectable polio vaccine manufacturing capacity to 200 million doses as a result of this acquisition.
- Growing Demand of Poliomyelitis Vaccination
The world population had a count of 7.9 billion in 2021, which needs to be prevented from polio virus and many other viruses. As per many studies, 179.8 thousand of the child birth was recorded in the year 2021. The world has achieved 99% reduction from the polio virus transmission and elimination of 5 out of 6 regions which comes under WHO. This boosts the market growth.
- Increasing Demand for Retail Pharmacies
Rise in the number of poliomyelitis therapeutics delivered through retail pharmacies and the rise in the number of retail pharmacies in highly developed countries create opportunities for the market growth. In addition to this, patients choose retail pharmacies for purchasing drugs, as these are easily accessible.
- Ineffetiveness of the Poliomyelitis Vaccine
As per the reports of several research studies, immunization with inactivated polio vaccines are less effective. For instance, inactivated polio vaccines (IPV) weaken immunity in the intestine. Furthermore, after immunization with IPV, every person gets infected with wild poliovirus, which multiply in the intestines.
- Side Effects of Vaccines
Many side effects associated with poliomyelitis vaccines surely hamper the market growth. Side effects such as fever, chills, pain and soreness, and many such effects restrain the growth of the market.
This global poliomyelitis vaccine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global poliomyelitis vaccine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact of COVID-19 on Global Poliomyelitis Vaccine Market
With the onset of the COVID-19 pandemic, its vaccine development increased greatly. It hampered the global poliomyelitis vaccine market. The market faced a bit of setback during the pandemic. But in the post pandemic era, as the cases were decreasing and the focus was shifting towards the other diseases and vaccine development, the poliomyelitis faced a highrise and its expected to witness a huge growth in the coming years.
Global Poliomyelitis Vaccine Market Scope
The global poliomyelitis vaccine market is segmented on the basis of vaccines type, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Polio Vaccine (IPV)
- Oral Polio Vaccine (OPV)
- Specialty Clinics
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Poliomyelitis Vaccine Market Regional Analysis/Insights
The global poliomyelitis vaccine market is analysed and market size insights and trends are provided by vaccines type, distribution channel and end-user as referenced above.
The major countries covered in the global poliomyelitis vaccine market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America has been witnessing a positive growth for global poliomyelitis vaccine market throughout the forecasted period due to the increased patient awareness level as well as high prevalence of poliomyelitis and strong immunization programme by government.
Asia-Pacific dominates the market due to increased awareness about the diseases and increased government initiatives.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Poliomyelitis Vaccine Market Share Analysis
The global poliomyelitis vaccine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global poliomyelitis vaccine market.
Key players operating in the global poliomyelitis vaccine market include:
- Pfizer Inc. (U.S.)
- GSK plc (U.K.)
- Novartis AG (Switzerland)
- Mylan N.V. (U.S.)
- Sanofi (France)
- Boehringer Ingelheim International GmbH. (Germany)
- Merck & Co., Inc. (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Bristol-Myers Squibb Company (U.S.)
- Astellas Pharma Inc. (Japan)
- Serum Institute of India Pvt. Ltd (India)
- BIO-MED (India)
- HAFFKINE BIO-PHARMACEUTICAL CORPORATION LTD. (India)
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.