Global Travelers Vaccines Market is segmented on the basis
of product types, application and geography. The agent stimulates the immune
system of the body for identifying the agent as foreign, destroying it, and
“remembering” it, so that the immune system could easily recognize and destroy
any of these microorganisms that it later encounters is termed as a vaccine.
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The introduction of additional age group coverage is one of
the primary factors driving the traveler’s vaccines market’s growth. While
approving a vaccine, the regulatory authorities also specify the age group
approved for receiving the vaccine. This age group is particular on the vaccine
label and is based on the efficacy and safety results obtained from clinical
trials conducted using individuals from these age groups. Label expansion to
include additional age groups approved for immunization requires additional
regulatory approval.
These approvals are based on the additional clinical trials
conducted using individuals from additional age groups. The increase in
approvals for additional age group coverage will increase the patient
population for the vaccine, thereby propelling the traveler vaccines market’s
growth in the coming years. Based on product types, the travelers vaccines
market is classified as japanese encephalitis vaccine, meningococcal vaccine,
rabies vaccine, yellow fever vaccine, typhoid vaccine, hepatitis B vaccine,
hapatitis A vaccine, cholera vaccine, combination vaccine and mono vaccine.
The segment “combination vaccines” is one of the fastest
rising segments of the travellers vaccines market. These vaccines present
protection against different causative agents for diseases such as meningitis,
measles, rubella, mumps, diphtheria, pertussis and tetanus. Menhibrix and Menitronix are the most
commonly used combination vaccines. While Menhibrix is approved for the
prevention of invasive disease caused by Haemophilus influenzae type b and N,
meningitidis serogroups C and Y. Menitronix is approved for the prevention of
invasive diseases caused by N. meningitidis serogroup C and H. influenzae type
b. Moreover, combination vaccines ensure better patient compliance, which will
also contribute to this segment’s growth in the coming years.
Based on application, the travelers vaccines market is
classified as tourists, students, workers and so on. Based on geography, the
travelers vaccines market is classified as Middle East & Africa, Latin
America, Europe, Asia Pacific and North America. The North America was the
highest profits contributing region in the market during 2015 and will continue
to lead the market in the coming years. The U.S. was one of the highest revenue
contributors in the region, capturing a significant portion of the market. The increasing demand for vaccines that
provide to the unmet medical needs provides an opportunity for vendors to
develop new safe and efficient molecules, which will assist in the growth of
the travelers vaccines market in the region.
The key players of travelers vaccines market are Sanofi
Pasteur, Glaxosmithkline/ Novartis, Pfizer, Merck, Biokangtai, Sanofi Pasteur
Msd, Cnbg, 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, Merck, 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 and Zydus Cadila.
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