Global Polio Vaccines Market 2018-2022
Polio is a highly contagious disease caused by a human enterovirus of the Picornaviridae family, resulting in paralysis or death. Two types of polio vaccination are available, OPV and IPV. The incidence of polio has been decreasing owing to initiatives by governments globally to drive immunization against the infection.
Technavio’s analysts forecast the Global Polio Vaccines Market to grow at a CAGR of 17.65% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the polio vaccines market. To calculate the market size, the report considers the revenue generated from the retail sales of polio vaccines across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Polio Vaccines Market 2018-2022
Technavio recognizes the following companies as the key players in the global polio vaccines market: Astellas Pharma, GlaxoSmithKline, Sanofi, and Serum Institute of India.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the cessation of oral polio vaccine. There is a growing need for cessation of OPV because the use of OPV can result in cases of polio due to circulating VDPV and vaccine-associated paralytic polio as oral vaccines contain weakened polioviruses.”
According to the report, one driver influencing this market is the increased funding for the development of various types of polio vaccine. The global polio vaccines market has been witnessing rise in number of immunizations drives by government bodies, increased funding for polio vaccine supply, and innovative delivery systems.
Further, the report states that one challenge affecting this market is the lack of effective cold chain logistic. Polio vaccines require a highly maintained cold chain logistics and most countries lack effective cold chain logistic and a proper vaccine management system.
Serum Institute of India
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