Bizizz Market Research has recently published a research report, “Pertussis Vaccine Consumption Market By Type (Whole-cell vaccines and Acellular vaccines), Application (Adult and children), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Pertussis Vaccine Consumption Market was valued at US$ XX Mn in 2018 and it is anticipated to reach at market value of US$ 10079.2 Mn by 2027, witnessing a CAGR of 6.3 % during the forecast period. Key drivers of the market are raising adult population coupled with increasing healthcare facilities. Factors constituting of vaccine injuries and adverse conditions in the global market are anticipated to hamper the growth of pertussis vaccine market worldwide.
The global market for pertussis vaccine consumption is increasing, that is meant for curing whooping cough among the individuals worldwide. Pertussis vaccine consumption growth is attributed to factors consisting of high birth rate; growth of geriatric population, initiatives by government, increased of pertussis vaccination usage, government insurance policies and reimbursement and is projected to increase pertussis vaccine consumption globally. According to the report of World Health Organization in 2015, about 126 countries had attained 90% of diphtheria-tetanus-pertussis vaccine consumption rate. There are two vital types of vaccines including Whole-cell and Acellular vaccines treating whooping cough. In these the whole-cell vaccine is approximately 78% effective and Acellular vaccine has about 71-85% effective that are substantiating the demand of pertussis vaccine consumption. Sales of Acellular vaccines in 2016 were about 92.6% according to the WHO. Pertussis Vaccine could be applicable to the Children and Adults that is plunging its demand.
The Pertussis Vaccine Consumption market is anticipated to register a CAGR of over 6.3% during the forecast period.
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By Application, Adult segment held a prominent share in Global Pertussis Vaccine Consumption Market in 2018.
The Adult segment had estimated for a significant market share for Pertussis Vaccine Consumption market. Considerable rise in the geriatric population suffering from whooping cough is plunging and its occurrence is observed along the increase in age. Therefore it has a significant amount of adults consuming Pertussis vaccines globally who are increasing in ageing population. As this Pertussis Vaccine could be applicable among Children and Adults its market demand is based on both of these factors. An increased amount of Pertussis Vaccine demand is expected to be rise by increasing consumption by adults, hence its sales are in proportion to the adult population getting affected by whooping cough hence vaccine consumption was projected as 93.6% in 2016.
North America is Anticipated to Dominate the Global Pertussis Vaccine Consumption Market during the Forecast Period.
The North American region is anticipated to propel in the market demand for pertussis vaccine consumption rate in this region that could be attributed to its plunge in consumption among the old age group population. There is a substantial increase in the usage of this vaccine by the rapid spread of these diseases. Thus, there is a considerable demand for this market in the global market place.
Global Pertussis Vaccine Consumption market was moderately consolidated with key players accounting for significant share in 2018. The firms are offering these products are expanding their global presence that shall contribute to the market demand for pertussis vaccine consumption globally.
Prominent players operating in the Global Pertussis Vaccine Consumption Market are: GSK, Mitsubishi Tanabe Pharma, Sanofi Pasteur, Changchun Changsheng Life Sciences, Astellas Pharma, Minhai Biotechnology, Beijing Tiantan Biological Products, Wuhan Institute of Biological Products, , Chengdu Institute of Biological Products etc., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
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d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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