“Asia Vaccines market set to grow to $11.7bn by 2024” says new Visiongain report
28 October 2019
Visiongain has launched a new pharma report Asia Vaccines Market Forecast to 2029 : Conjugate Vaccines, Inactivated and Subunit Vaccines, Live Attenuated Vaccines, Recombinant Vaccines, Toxoid Vaccines, Influenza, Hepatitis, Polio, Meningococcal, DTP, Rotavirus, MMR, HPV.
Globally, Asia is identified as a lucrative market for the vaccine development companies to establish and expand their presence in economies such as Japan, China and India. In addition, introduction of new technologies for development of innovative vaccines and rising government support also drive the market during the forecast period.
The lead analyst of the report commented "The vaccines market has witnessed a strong growth in the past few years, as the demand for vaccines is increasing in many Asian countries. Increased awareness for vaccination is one of the prominent factors driving the emerging market growth. This has led to intensified vaccination programmes for adolescents and growing geriatric population.
Japan accounted for the largest share of the vaccines market in Asia. Growth in the Japanese Vaccine market is driven by two main factors. First is the easing of Japan’s strict barriers to entry for foreign companies. Secondly, growth will be further driven by the population of elderly in Japan."
Leading companies featured in the report include Astellas, AstraZeneca
CSL, Ltd., Emergent BioSolutions, Inc., GlaxoSmithKline, Johnson & Johnson, Merck, Mitsubishi Tanabe Pharma Corporation, Pfizer, Sanofi, Serum Institute of India Pvt. Ltd., Sun Pharmaceuticals Industries, Ltd., Takeda and other companies.
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