At a time when acute respiratory illnesses are causing mayhem in society, respiratory virus vaccines have never been more sought-after. Fact MR, in its recent study, has analyzed the scope for expansion of the respiratory virus vaccines market, and has forecast it to rise at an above 7% CAGR from 2020 and 2030.
The analysts used a variety of widely used business intelligence tools to compile facts, figures, and market data into revenue estimations and projections for the Market Insights of Respiratory Virus Vaccines.
Important market participants, such as business leaders, government decision-makers, and investors from various countries, have been constantly realigning their strategies and methods for putting them into action in order to capitalize on new opportunities.
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Respiratory Virus Vaccines Market: Segmentation
Fact.MR has studied the respiratory virus vaccines market with detailed segmentation on the basis of type, route of administration, indication, age group, end-user, and key regions.
Type
• Inactivated/Killed Vaccines
• Live-attenuated Vaccines
• Recombinant Vaccines
Route of Administration
• Intramuscular
• Intranasal
• Subcutaneous
Indication
• Influenza
• Measles, Mumps & Rubella
• Coronavirus Disease (COVID-19)
• Others
Indication
• Influenza
• Measles, Mumps & Rubella
• Coronavirus Disease (COVID-19)
• Others
Age Group
• Pediatric
• Adults
End User
• Physician Offices
• Hospitals
• Clinics
• Pharmacies/Stores
Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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Respiratory Virus Vaccines Market: Key Players
Competition within the global respiratory virus vaccines market is surging in response to rising demand recorded around the world. To strengthen their footprints, manufacturers are likely to adopt inorganic strategies such as product development, mergers & acquisitions, and others.
Efforts towards research & development is expected to surge over the coming years, especially as market players are focusing on promising drug candidates in the pipeline.
This will subsequently aid in the expansion of the market. Some of the leading players operating in the global respiratory virus vaccines market are Bharat Biotech, CSL Limited, AstraZeneca, Sanofi, GlaxoSmithKline plc, Merck & Co., Inc., Serum Institute of India Pvt. Ltd., and Sinovac Biotech Ltd.
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COVID-19 Impact on Respiratory Virus
Vaccines The development and distribution of respiratory virus vaccines have been significantly impacted by the COVID-19 pandemic. Other respiratory virus vaccine production and distribution have been delayed as vaccine producers had to modify their production schedules to prioritize the production of COVID-19 vaccines. In addition, the pandemic has restricted access to routine vaccinations in many nations, which has reduced the number of people receiving these shots. Finally, efforts to vaccinate against respiratory viruses have been hampered further by an increase in vaccine hesitancy brought on by false information about the safety and effectiveness of vaccines.
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