Data from a new
report published by Transparency Market Research “U.S. Vaccine
Market - U.S. Industry Analysis, Size, Share, Growth, And Forecast,
2012 - 2018", estimates the U.S. vaccine market to be worth USD
12.8 billion in 2012 and further expected to reach USD 17.4 billion
by 2018, growing at a CAGR of 5.3% from 2012 to 2018.
Browse Full U.S.
Vaccine Market Research Report With Complete TOC @
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Vaccines for
different disorders and illnesses are included among the leading
earners in the pharmaceutical industry. Over the recent years,
enhanced research and development in this market has led to the
production of better-quality and effective drugs and vaccines to
treat various illnesses. The vaccine sales in U.S. are growing
rapidly at a faster rate as compared to the other prescription
medicines in the market. U.S. has showed a substantial revenue growth
in the vaccine production market increasing the enormity of this
industry as well.
The vaccine sales
are chiefly resistive to the generic competition that is quoting drug
makers billions of dollars in revenues on each of their top-selling
vaccine treatments. Moreover, government supporting agencies are
unfailing buyers of the vaccine products both in the U.S., as well as
across the globe. Hence, U.S. is focused on continuing to lead the
global vaccine market amongst other markets in the world. This drive
is also due to the rising prevalence of infectious diseases in
animals and humans, and improvements seen in the biotechnology sector
across U.S.
According to the
industry best market research firms’ surveys, many U.S.
pediatricians claimed that over half of the U.S. population have
parental concerns about general vaccines and child immunization. It
is for such reasons, pediatric vaccine segment in the U.S. human
vaccine market takes pride in holding the highest market share, as
well as high growth rate because of government compulsion for child
immunization. The adult & adolescent vaccine market in the
U.S. is expected to
grow judiciously over the next six years due to increasing awareness
for human papillomavirus (HPV) and other viral diseases.
On the other hand,
the livestock vaccine is another leading segment across the U.S. Due
to an increased awareness towards protecting infectious diseases in
cattle, rising vaccination to prevent breeding animals against
illnesses and disorders, and organizing the entire dairy sector, this
market accounted for 58.1% of the total shares in 2012. The Bovine
vaccine sector in the United States is considered to be the largest
revenue generating sector in the present day.
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However, in 2011,
the feline vaccine and canine vaccine also accounted for
approximately 95.1% shares in the overall U.S. companion animal
vaccine market.
This report includes
more information about the generalized overview of the U.S. vaccine
market including definitions, applications, and global market
industry structure. It discusses the ephemeral shelf-life of certain
vaccines available in the market and how they will have a negative
impact on the overall market size and growth. However, the report
also includes the market analysis of the overall vaccine industry
that has multinational firms working on huge product pipeline in
order to overcome all the shortcomings and restraints. The report
provides extensive analysis of the U.S. vaccine market and the
factors that will further revolutionize this industry towards a
massive growth.
Among all the
geographical regions, U.S. Vaccine Market is considered to be the
largest in the history of vaccine. Since 2011, there have been some
significant leading producers of human vaccine for the U.S. market
and the names included are Merck, Sanofi-Aventis, Pfizer,
GlaxoSmithKline, Sanofi-Pasture and Novartis. Similarly, for the
animal vaccine market, the leading producers of animal vaccine for
the U.S. market includes Merial (Sanofi-Aventis), Pfizer Animal
Health, Novartis Animal Health, and Intervet/Schering-Plough (Merck).
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