Global Recombinant Vaccines Market

Recombinant Vaccines Market Size, Share, Growth Analysis, By End user(Pediatric and Adult), By Distribution channel(Hospitals and Vaccination centers) - Industry Forecast 2024-2031

Report ID: SQMIG35A2787 | Region: Global | Published Date: July, 1990
Pages: 219 | Tables: 59 | Figures: 64

Recombinant Vaccines Market Insights

Global Recombinant Vaccines Market size was valued at USD 9.02 Billion in 2022 and is poised to grow from USD 10.05 Billion in 2023 to USD 23.83 Billion by 2031, at a CAGR of 11.40% during the forecast period (2024-2031).

Early vaccines relied heavily on exposure strategies, often involving the attenuation or inactivation of pathogens. But the advent of genetic engineering, genomics and recombinant DNA technologies has revolutionized vaccine development.

Recently, these new approaches have paved the way for newly developed vaccines in the market. Unlike traditional methods, these vaccines are developed under laboratory conditions using genetic screening techniques to eliminate the risk associated with infectious diseases. This not only ensures the effectiveness of the vaccines but also prioritizes safety in the vaccination process. The intersection of genetic engineering and vaccine development represents a significant leap forward, allowing for a more precise and targeted approach to immunization.

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Recombinant Vaccines Market size was valued at USD 9.02 Billion in 2022 and is poised to grow from USD 10.05 Billion in 2023 to USD 23.83 Billion by 2031, at a CAGR of 11.40% during the forecast period (2024-2031).

The competitive environment of the Recombinant Vaccines market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'AstraZeneca Plc.', 'Dynavax Technologies Corporation', 'Emergent BioSolutions Inc.', 'GlaxoSmithKline Plc.', 'Johnson & Johnson, Merck & Co. Inc.', 'Novavax, Inc.', 'Pfizer Inc.', 'Sanofi S.A.', 'Serum Institute of India Pvt. Ltd.'

An instrumental driver of market growth is the extensive utilization of recombinant properties, which significantly enhances the efficacy and safety of vaccines administered to patients. The inherent advantages of recombinant technology enable the rapid and large-scale production of vaccines, mitigating the risk of shortages in supply. Moreover, these vaccines are devoid of infectious viral particles, minimizing the potential for infection and rendering them safe for individuals with compromised immune systems. The notable benefits associated with recombinant vaccines have spurred deliberate efforts among manufacturers to focus on the development of innovative products targeting viral diseases. This endeavor involves leveraging advanced DNA technology, genomics, and other cutting-edge biotechnology techniques, collectively contributing to the evolution of more effective and safer vaccines.

The increasing incidence of infectious diseases worldwide has led to an urgent demand for effective vaccines. This urgency is compounded by the high susceptibility of elderly and pediatric nurses to serious diseases, and rapid vaccination efforts are needed worldwide. International organizations such as UNICEF and PAHO have played a key role in the delivery of millions of doses to countries facing emergency needs that supported the vaccine stoppage . The efficient procurement of vaccine quantities by these organizations has greatly reduced the spread of many diseases and strengthened the population’s resistance to all these health threats.

North America emerged as the dominant region in the recombinant vaccines market, a trend expected to continue throughout the forecast period. The region dominates due to a combination of factors, such as high prevalence of chronic diseases, a significantly higher number of players, and higher vaccination rates offered. stimulating a dynamic approach to vaccination strategies.

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Global Recombinant Vaccines Market

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