LONDON--(BUSINESS WIRE)--The global human combination vaccines market size is expected to grow by USD 4.98 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 9%. Request Free Sample Report on COVID-19 Impacts
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The market is driven by the increase in the pediatric population. In addition, the increasing antiviral drug resistance is anticipated to boost the growth of the human combination vaccines market.
The increase in the pediatric population is one of the major factors driving human combination vaccines market growth. The demand for combination vaccines is high among newborn infants, as they are more vulnerable to various diseases owing to weak immune systems. With the increase in the pediatric population, the demand for combination vaccines will increase, which will help to reduce the number of shots and healthcare center visits, which consequently save time and money. This will lead to the growth of the human combination vaccines market over the forecast period.
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Major Five Human Combination Vaccines Companies:
Cadila Healthcare Ltd.
Cadila Healthcare Ltd. is engaged in the development and manufacture of biologics and vaccines. The company offers diphtheria tetanus and pertussis whole cell vaccine, which is used to prevent diphtheria, tetanus, and pertussis in infants.
CSL Ltd.
CSL Ltd. has business operations under two segments: CSL Behrin and Seqirus. The company offers ADT Booster, which is used for the prevention of diphtheria and tetanus in individuals who have previously received at least 3 doses of a vaccine for primary immunisation against diphtheria and tetanus.
Daiichi Sankyo Co. Ltd.
Daiichi Sankyo Co. Ltd. operates its business through various segments such as innovative pharmaceutical, generic, vaccine, and OTC related. The company offers Squarekids, which is a subcutaneous injection syringe, a tetravalent combination vaccine (DPT-IPV) for the prevention of diphtheria, pertussis, tetanus and poliomyelitis.
GlaxoSmithKline Plc
GlaxoSmithKline Plc has business operations under three segments: pharmaceutical, consumer healthcare, and vaccines. The company's offerings include Infanrix, Pediarix, and Boostrix.
MassBiologics
MassBiologics develops novel biologics for the treatment of various diseases. The company offers TDVAX, which is a sterile vaccine for intramuscular injection used to prevent tetanus and diphtheria.
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Human Combination Vaccines Type Outlook (Revenue, USD bn, 2020-2024)
- Inactivated vaccine
- Live attenuated vaccine
Human Combination Vaccines Regional Outlook (Revenue, USD bn, 2020-2024)
- North America
- Europe
- Asia
- ROW
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