Human Combination Vaccines Market Report

Market Insights

The Global Human Combination Vaccines Market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over xx% during the forecast period.

Figure: Global Human Combination Vaccines Market Size, 2020-2026 (USD Billion)

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What are Human Combination Vaccines?

A human combination vaccine enables to protect against two or more diseases against a single disease that is caused by a similar or a different organism. The vaccines contain two or more antigens that are combined, or it is mixed before administration. A combination vaccine boosts the immune system to combat the infection. This vaccine which comprises an inactivated virus strain is injected orally or directly administered.

Key Players

Key players operating in the global human combination vaccines market are-

• Dynavax Technologies. (The U.S),
• Emergent BioSolutions Inc. (The U.S),
• GlaxoSmithKline plc. (UK),
• Merck and Co., Inc. (The U.S),
• Panacea Biotec Ltd. (The U.S),
• Pfizer Inc. (The U.S),
• Sanofi (France),
• Sun Pharmaceutical Industries Ltd. (India),
• Takeda Pharmaceutical Company Limited. (Japan), and
• Teva Pharmaceutical Industries (Israel).

Market Dynamics

Increasing case of infectious cases is one of the most common causes of deaths and illnesses across the globe, thus propels the product demand.

• In addition, the rise in research and studies to develop combination vaccines for an increasing number of diseases and convenience from combination vaccines as well as lesser side effects of the vaccines are further expected to boost the industry growth.
• However, microbes and their ability to multiply and adapting to changing populations, environments, and technologies hinder market expansion.

Segment Analysis

Type Trends

By type, the human combination vaccines market has been segmented into inactivated and live attenuated.

• Under these, the inactivated segment accounted for the largest market share in 2020 and is projected to register a healthy CAGR in the following years.
• This is mainly attributed to the high acceptance of inactivated vaccines among physicians across the globe.
• Furthermore, the inactivated vaccine is highly stable and can easily be stored and transported in freeze-dried containers, thus promulgating the market growth.

Regional Trends

By region, the market in North America garnered the highest market share in 2020 and is projected to grow at a steady CAGR during the assessment period. This is mainly attributed to strong healthcare expenditure, increasing research & development facilities, and the presence of a large number of vaccine manufacturing companies. In addition, the surge in demand for vaccination among children and adults as well as favourable government efforts driving different vaccination programs especially for the children augment the regional market growth.

COVID-19 Impact on Global Human Combination Vaccines Market

The COVID-19 pandemic has positively influenced the human combination vaccines industry due to increasing coronavirus infected cases across the globe. Rising death rates and strain on the healthcare sector are forcing the government and the vaccine producers to innovate and develop the vaccine to prevent the spread of the virus, which in turn propels the product demand. Combining different coronavirus shots is likely to speed immunization campaigns and further boost immune response.

Critical Questions Answered in the Report

• What are the key trends in the global human combination vaccines market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global human combination vaccines market?
• What are the key strategies adopted by the major vendors to lead in the global human combination vaccines market?
• What is the market share of the top vendors?

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Target Audience

• Human combination vaccines companies
• Human combination vaccines vendors
• Drug manufacturing companies
• Hospitals
• R&D clinics

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