Zika virus is a mosquito borne fever caused by Aedes mosquitoes when they are active in the day-time. It is akin to the yellow fever, West Nile virus and dengue. Zika vaccines are produced in order to prevent and control diseases caused by zika virus. This disease has no symptoms or at times very less symptoms like nominal form of dengue fever, skin rash and joint pains. It is transmitted sexually from the infected person or from the infected pregnant woman to the baby.
There are various types of vaccines launching in order to provide protection against zika virus like mRNA vaccines, DNA-based vaccines, genetically engineered vaccines and inactivated vaccines. In very rare case, zika virus is also transmitted through blood transfusion. In 2016, the World Health Organization (WHO) declared that the major cases of zika virus do not show symptoms.
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Global Zika Virus Vaccines market value is expected to grow at a CAGR of 5.4% to reach to a market value of USD 20.96 billion by 2023.
Drivers and restraints:
Drivers that are influencing the growth of Global zika virus vaccines market are increasing occurrence of zika virus, increasing people consciousness about zika infection, more investments by private companies in the R&D of zika virus, severe attention due to high risk to the pregnant women, favourable government reimbursements, potential demand for zika vaccine and technology improvements in the healthcare industry.
The restraints that are limiting the market are lack of alertness among the people and WHO announcing it as epidemic where is likely to have less potential over the forecast period.
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Partition of the Market:
The Global Zika Virus Vaccines Market is partitioned according to the vaccine type, end-user and region. With respect to vaccine type, the market is sectioned into therapeutic vaccines and preventive vaccines. With respect to end-user, the market is sectioned into hospitals, clinics, research institutes and others.
Geographically, the global market is partitioned into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Latin America is likely to have the major share followed by the Middle-East and Africa. Asia-Pacific is expected to have the fastest developing rate with highest CAGR during the forecast period.
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Key players of the market:
Prominent players in Global Zika virus vaccines market are Takeda Pharmaceutical Co. Ltd., NewLink Genetics Co., Immunovaccine Inc., GeneOne Life Science Inc., GlaxoSmithKline plc., Inovio Pharmaceuticals, Inc., Bharat Biotech International Ltd., Hawaii Biotech Inc. and Sanofi S.A.
Scope of the Report:
The report offers an extensive examination of the business by giving the estimations of market potential and gauges with most extreme granularity. Along this, the variables persuasive in affecting the market flow and patterns are examined in detail at the item level. Further, the execution of the market at the territorial and nation level is evaluated and the prospects with high development potential are distinguished and discussed.
The key players in the business are profiled giving bits of knowledge on their money related execution, advertise position and development techniques. Similar investigation on prime strategical exercises of the market players depicting the key advancements like mergers and acquisitions, coordinated efforts and an assessment of the focused condition inside the business are given. The report additionally offers an expansive standpoint of the market alongside proposals from industry specialists on the open doors for speculation action.
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