Asia Pacific Vaccines Market to witness an outstanding growth by 2027
The Asia Pacific vaccines market is
expected to reach US$ 12,631.4 Mn in 2027 from US$ 7,254.5 Mn in 2018. The
market is estimated to grow with a CAGR of 6.4% from 2019-2027.
Every year thousands of children in Asia Pacific region die, and
many more are hospitalized due to diseases which are preventable by vaccines.
The treatment cost of these diseases is very high. According to the Gavi, the
Vaccine Alliance, one in every five children in Asia Pacific region don’t have
access to basic vaccines. Thus in Asia Pacific region, many awareness programs
have been undertaken by the government in order to raise awareness among the
population. The Immunization Partners in
Asia Pacific (IPAP) arranged the 6th Asian Vaccine Conference (ASVAC 2017), in
April 2017at Singapore. The countries in the Asia Pacific region are joining
forces to eradicate infectious diseases like measles, diphtheria, rubella,
pertussis, and others through vaccinations. There are several vaccination
programs, campaigns, conferences, being held in the Asia Pacific region in
order to raise awareness among the population. For instance, India, along with
other WHO South East Asia Region member countries, has initiated a campaign to
eradicate measles and control rubella/congenital rubella syndrome (CRS) by
2020. The campaigns by the Ministry of Health & Family Welfare aims to
immunize 41 crore children in India. The first phase of the campaign was
successfully completed in February 2017 in five states, namely, Tamil Nadu,
Karnataka, Goa, Lakshadweep, and Puducherry. Over 3.3 crore children were
vaccinated, reaching out to 97% of the targeted age group. The campaign was
conducted in schools, community centers, and other health facilities.
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In 2018, the conjugate vaccines segment held the largest market
share of 27.2% of the vaccines market, by type. This segment is also expected
to dominate the market in 2027 owing to the advantages offered by the vaccines
for diseases such as pneumonia and others. Furthermore, the conjugate vaccines
segment is anticipated to witness the significant growth rate during the
forecast period, 2019 to 2027.
Asia Pacific vaccines market by the disease indication was led by the other segments, which has included diseases such as poliomyelitis (polio), measles, mumps, rubella, pneumococcal infections, and others. The others segment has the largest market share in 2018, which accounted for 59.6% and is expected to dominate the market in 2027. Similarly, the vaccines market by the route of administration was led by the injectable segment. Whereas, the market of the vaccines in the Asia Pacific by the patient type was led by the pediatric segment.
Asia Pacific vaccines market by the disease indication was led by the other segments, which has included diseases such as poliomyelitis (polio), measles, mumps, rubella, pneumococcal infections, and others. The others segment has the largest market share in 2018, which accounted for 59.6% and is expected to dominate the market in 2027. Similarly, the vaccines market by the route of administration was led by the injectable segment. Whereas, the market of the vaccines in the Asia Pacific by the patient type was led by the pediatric segment.
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Some of the major primary and secondary sources for vaccines
included in the report are Immunization Partners in Asia Pacific (IPAP), Food
and Drug Administration, World Health Organization, National Polio Surveillance
Project (NPSP), Global Alliance for Vaccines and Immunization (GAVI) and
Others.
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