Market Insights - Middle East & Africa:
Vaccination is encouraged by governments and institutions as it enhances immunity against diseases, yet, there is insufficient vaccination coverage in Middle East & Africa market. The persisting vastness of this gap between demand and supply will drive the market growth for the next few years. Market Research Report (MRFR) has revealed in its latest report that Middle East and Africa Human Vaccines Market Share in Middle East & Africa will reach a record level of USD 5.46 Bn by 2022 from USD 2.8 Bn in 2015. The market will exhibit a robust CAGR of 11.8% across the projection period.
Middle East & Africa region is prone to diseases and deaths caused by them which can generally be avoided through vaccination. For instance, World Health Organization (WHO) have confirmed that there has been a global decrease of 79% in death by measles between 2000 to 2015, but, the rates of infection from measles in African countries have remained to be high. To catch up with the unmet demand for vaccination in this region, governments and international organizations are striving towards the achievement of the common goal of large-scale vaccination coverage, thereby, spiraling the expansion of the market. The investments made by NGOs, philanthropists, etc. are also poised to catapult the market growth.
The hindrances to market growth that overshadows immense potential exhibited by the market to some extent are – lack of awareness, side effects of vaccination, declining profitability in vaccine manufacturing, eradication of diseases, difficulty in producing vaccines for microbes with high mutations such as HIV, etc.
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Human Vaccines Market Segmentation:
By technology, the human vaccines market in Middle East & Africa has been segmented into attenuated, inactivated, toxoid, conjugate & subunit, and, recombinant DNA.
By disease indication, the human vaccines market is segmented into pneumococcal, influenza, hepatitis, rotavirus, DTP, polio, and, others.
By type, the market for human vaccines has been segmented into prophylactic and therapeutic.
By composition, the market has been segmented into mono vaccine and combination vaccines.
By end user, the market is segmented into children and adults.
By route of administration, the market has been segmented into oral, injectable and other.
The most significant share of revenue in Middle East & Africa region will be generated from U.A.E. due to its speeding pace of development in the healthcare sector, rapid urbanization, rise in healthcare expenditure, etc. The growing awareness about the diseases and the possibility of prevention has catapulted the demand in the region. Egypt trails U.A.E’s share of revenue contribution and is expected to retain its position for the next six years.
The market in Africa holds tremendous potential for growth as there is a massive gap between the need and access which will catalyze the demand in the market for the next few years. Furthermore, the frequent outbreak of diseases and significant death rate due to lack of proper vaccination has motivated the organizations such as World Health Organization (WHO) to undertake initiatives and spiral market expansion. According to WHO, in Africa, 30 million children under-five age group fall sick due to diseases that can be prevented through proper vaccination, and of these, over half a million die. Owing to the poor vaccination coverage, the market in Africa is expected to grow at the fastest pace, especially in Sub Saharan regions.
The key players profiled by Market Research Future (MRFR) in its report are Merck & Co. Inc., Sanofi Pasteur, Inc., Bharat Biotech, Valeant Pharmaceuticals, AstellasPharma Inc., GlaxoSmithKline Plc., Pfizer, Inc., AstraZeneca Plc., Shenzhen Kangtai Biological Products, Emergent Biosolutions Inc., and, Panacea Biotec. The players strive to penetrate the market and tap the unexplored opportunities available in the market by the employment of strategies such as collaboration with government institutions, widening access of vaccines in remote areas, creating awareness, etc.
President of Kenya, Uhuru Kenyatta, launched a vaccination campaign to uplift the immunization coverage. The campaign has been launched with a target of immunizing 400,000 children by the end of the next 100 days of the announcement which will raise the immunization coverage above 90%, i.e., more than the national target. The government announced this amidst revelations that the immunization coverage has dropped down to a 15-year low of 63% as a result of five-month nurses’ strike last year that has exposed children below one year to diseases such as polio, pneumonia, and tuberculosis.
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