Coronavirus Vaccine - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Coronavirus Vaccine Market is accounted for $18.69 million in 2018 and is expected to reach $900.14 million by 2027 growing at a CAGR of 53.8% during the forecast period. The increasing prevalence of virus infected people across the world is anticipated to drive the growth of the market. However, factors such as high cost involved in research and development of therapeutic vaccines and drugs, and time required for each stage of clinical trials are hampering the market growth.
Corona viruses are a group of viruses which cause diseases or infections in mammals as well as birds. Coronaviruses belong to the Coronaviridae or Torovirinae subfamily. Symptoms caused by these viruses include common cold to serious infections, pneumonia, strict respiratory complications, even kidney failure, and death. These symptoms are common among persons with a weak immune system, individuals with cardiopulmonary disease, infants, and elderly people.
Based on the vaccine type, the DNA-based vaccine segment is going to have a lucrative growth during the forecast period the technological advancements in the field of pharmaceutical industry have resulted in development of various effective type of vaccines such as DNA-based nucleic acid vaccines. The use of these vaccines on human body leads to development of anti-gen. Thus, the effectiveness of the vaccine against the virus is enhanced significantly.
By geography, Europe is likely to have a huge demand due to diverse coronavirus outbreaks in the current past and presence of major players in countries in the region. As well, rising investments in R&D activities, along with strong support from the government is driving the growth of the target market in this region.
Some of the key players profiled in the Coronavirus Vaccine Market include Inovio Pharmaceuticals, Inc., Moderna, Inc., Protein Potential, LLC, Novavax, Inc., Synairgen PLC, AlphaVax, Inc., NanoViricides, Inc., Zydus Cadila, Bravovax, GeoVax, Altimmune, Janssen Pharmaceutical Companies, CanSino Biologics, Vaxart and Vaxil Bio Ltd.
Infection Types Covered:
• New Haven CoV
Vaccine Types Covered:
• S-Protein Based Coronavirus Vaccine
• Live Attenuated Coronavirus Vaccine
• Inactivated Coronavirus Vaccine
• mRNA Vaccine
• DNA-Based Vaccine
Product Types Covered:
• Monovalent Vaccine
• Multivariant Vaccine
Route of Administrations Covered:
Patient Types Covered:
End Users Covered:
• Research Institutes
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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