(PharmaNewsWire.Com, January 05, 2017 ) As the world continues to move toward globalization, the international travels will keep increasing. This fuels the demand for travel vaccines as the prevalence of infectious diseases are specifically region prone, unlike that of other indications. As vaccines are largely used as a preventive measure against these known infectious diseases, the travelers are advised to follow the region-specific immunization plan. The market is growing because various government bodies have mandated the immunization of travelers visiting the infectious-prone areas with various types of vaccines. This, in turn, prevents the spread of infection and averts any chances of epidemic outbreaks.
Technavios analysts forecast the global travel vaccines market to grow at a CAGR of 6.83% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global travel vaccines market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of various vaccines administered to actively immunize meningococcal disease, Japanese encephalitis, rabies, typhoid, yellow fever, hepatitis B, and hepatitis A. The report also considers the revenues to be generated from the sales of vaccines that are expected to be launched into the market during the forecast period.
The market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global Travel Vaccines Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors GlaxoSmithKline Merck Pfizer Sanofi
Other prominent vendors Abbott AstraZeneca Bavarian Nordic Baxter Beijing Minhai Biotechnology Bharat Biotech Bharat Immunologicals and Biologicals Bio-Med Seqirus CSL Crucell CSL Dynavax Technologies Emergent BioSolutions GlycoVaxyn GreenSignal Bio Pharma Hualan Biological Engineering Imunoloski Zavod Indian Immunologicals Janssen Pharmaceuticals JN International Medical Kaketsuken LG Life Sciences Lupin Mitsubishi Tanabe Pharma Novavax Nuron Biotech Panacea Biotec Pfizer Protein Sciences Roche SK Chemicals Serum Institute of India Shenzhen Kangtai Biological Products Sinovac Biotech Takeda Pharmaceutical Vacunas Finlay Valeant Pharmaceuticals Valneva, Zydus Cadila
Market driver Growing demand among travelers For a full, detailed list, view our report
Market challenge Requires specific storage and distribution system For a full, detailed list, view our report
Market trend Combination vaccines For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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