Life attenuated vaccines use weakened or attenuated live microorganisms or pathogens to trigger immunity. When administered to a patient, these vaccines mimic a natural infection but do not cause the disease. Common life attenuated vaccines include measles, mumps, rubella (MMR), varicella, rotavirus, and yellow fever vaccines. Growing awareness regarding preventive healthcare and rising immunization programs worldwide are expected to support the growth of this market over the forecast period.
Market Dynamics:
Increasing investments by government bodies in immunization programs across developing nations are expected to drive the market growth during the forecast period. Moreover, rising incidence of various diseases, such as measles, mumps, and rubella, is further propelling the demand for life attenuated vaccines. However, high costs associated with vaccine development and stringent regulations for approval are the major factors anticipated to restrain the market growth. On the flip side, ongoing research & development activities to develop vaccines for new diseases and approval of newer attenuated vaccines are likely to present attractive growth opportunities for the players in the market.
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