REPORT SCOPE & OVERVIEW
Hepatitis B Vaccine Market size was valued at USD 7.9 billion in 2022 and is estimated to reach at USD 11.32 billion in 2030 and grow at a compound annual growth rate approx. CAGR of 4.6% predicted for the forecast period of 2023-2030.
The Hepatitis B vaccination (HBV) offers protection against the HBV and is a very safe and effective vaccine. It is a viral infection that targets the liver and can lead to both short-term and long-term health issues. By lowering the burden of Hepatitis B-related illnesses, the development and launch of the Hepatitis B vaccination have had a substantial influence on world health. The market for the Hepatitis B vaccine has grown significantly over the years, driven by growing healthcare costs, increased public knowledge of the value of immunisation, and government efforts to stop the spread of the disease. Various vaccinations, including recombinant vaccines, vaccines generated from plasma, and combination vaccines, are available on the market. Recombinant vaccinations: The sort of Hepatitis B vaccines that are most frequently used are recombinant vaccines. In order to manufacture viral antigens that can elicit an immune response, they are made utilising genetic engineering techniques. These immunisations are both extremely reliable and secure. Hepatitis B vaccinations made from plasma: These vaccines are made from the plasma of people who have become immune to the hepatitis B virus. Due to worries about the possible transfer of additional blood-borne illnesses, these vaccinations are currently less often utilised. Combination vaccinations: Combination vaccines offer protection against a number of illnesses with only one dose. Some vaccinations, such as those for diphtheria, tetanus, pertussis, and Haemophilus influenzae type (Hib), mix the Hepatitis B vaccine with other vaccines. Combination vaccines are practical and aid in increasing vaccination rates. The rising frequency of Hepatitis B infection, routine immunisation programmes, and the increased focus on reducing mother-to-child transmission are some of the factors driving the market for the Hepatitis B vaccine. Worldwide immunisation campaigns against Hepatitis B have been launched by governments and organisations. The Hepatitis B vaccination is advised for all babies as part of their standard immunisation plan by the World Health Organisation (WHO).
Raising consciousness Government programmes
Increasing frequency technological progress.
Growing public awareness of the dangers and effects of hepatitis B infection has raised demand for vaccination, which is propelling the market's expansion. To stop the spread of Hepatitis B, several countries have adopted vaccination programmers and laws, which has increased vaccination rates and expanded the market.
There is a great need for vaccinations to prevent Hepatitis B since the infection rate is so high in some areas, particularly in Asia and Africa. The development of more potent and secure Hepatitis B vaccinations as a result of technological advancements in vaccine development and manufacturing has increased market demand.
Poor healthcare infrastructure Reluctance to get vaccines.
Hepatitis B vaccination programmers may be more difficult to access and adopt in low-income nations due to the price of the vaccines. Poor healthcare infrastructure, particularly in rural regions, might make it difficult to administer and distribute Hepatitis B vaccinations effectively.
The adoption and uptake of Hepatitis B vaccinations can be impacted by vaccine reluctance and false information, which can have an influence on market growth.
Developing nations & vaccinations in combination.
Focus on mother-to-child transmission as a top priority.
In emerging markets where Hepatitis B infection rates are high and immunization programmers are being improved, there is a large scope for market development. There is a chance to increase vaccination coverage and decrease the number of injections necessary with the development of combination vaccines that provide protection against a variety of illnesses, including Hepatitis B. Market expansion is possible with initiatives to stop mother-to-child transmission of Hepatitis B through prenatal immunization.
Management of the cold chain & Supply and dissemination of vaccines.
Capacity for vaccine production.
The correct storage and transportation of hepatitis B vaccinations under certain temperature requirements can be difficult, especially in environments with limited resources. Accessibility of Hepatitis B vaccinations might be hampered by the difficulty of ensuring an adequate supply of vaccines and effective delivery networks to reach outlying locations. Manufacturers may find it difficult to meet the demand for Hepatitis B vaccinations on a worldwide scale while maintaining adequate production capacity.
IMPACT OF ONGOING RECESSION
The most common excuses given for not receiving a Hep B vaccination were lack of vaccine availability (32.6%), high vaccine cost (26.8%), worry about vaccine adverse effects (12.5%), lack of confidence in the quality of the vaccine (8.6%), awareness about vaccine locations (5.4%), and lack of time (2.9%). It is anticipated that the aggregate buying power would considerably affect emerging economies and is thought to be beneficial in many ways. The paper reveals how high inflation affects the long-term health of the global economy and offers information on the fiscal measures that may be taken to lessen its short-term effects on demand/supply, cash flow, and currency exchange. According to the Hepatitis B Vaccine Market research, there will be significant cost-push and demand-pull inflation in the future.
KEY MARKET SEGMENTS
By Product End-User
Single Antigen Vaccine
By End users
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin American
Over the course of the forecast period, the North American market, which was valued at USD 2.60 billion in 2021, is anticipated to continue to dominate the worldwide market. Due to the rising prevalence of hepatitis B infections, the North American area now accounts for the biggest market share for hepatitis B vaccinations.
Europe is the second-most dominant area in terms of sales and market share. A sizable chunk of the hepatitis B vaccine industry was in Europe since European government authorities had implemented many regional action plans.
The Key Players are GlaxoSmithKline, Gilead Science Inc., Merck & Co., Inc., Shenzhen Kangtai Biological Products Co., Ltd., Cyrus Poonawalla Group (Serum Institute of India Pvt.), Dynavax, Technologies Corporation, Sanofi, VBI Vaccines Inc., Meiji Group (KM Biologics), LG Chem Ltd., Indian Immunologicals Limited and others
Sanofi announced the acquisition of Bio Inc. in August 2021 in order to speed up the MRNA technology's adaptation for the study and creation of fresh vaccines. The company's R&D facility advanced as a result of this strategic purchase, and the pipeline of goods produced more effectively.
Gilead Science Inc:
Vir Biotechnology, Inc. and Gilead Science, Inc. worked together to create a novel combination medicine for the treatment of hepatitis B virus patients. This collaboration's primary goal is to assess several potential treatment combinations in the hopes of creating a new hepatitis B vaccine.
|Market Size in 2022||US$ 7.9 Bn|
|Market Size by 2030||US$ 11.32 Bn|
|CAGR||CAGR of 4.6% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product End-User (Single Antigen Vaccine, Combination Vaccine)
• By End users (Hospital, Clinics, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||GlaxoSmithKline, Gilead Science Inc., Merck & Co., Inc., Shenzhen Kangtai Biological Products Co., Ltd., Cyrus Poonawalla Group (Serum Institute of India Pvt.), Dynavax, Technologies Corporation, Sanofi, VBI Vaccines Inc., Meiji Group (KM Biologics), LG Chem Ltd., Indian Immunologicals Limited and others|
|Key Drivers||• Raising consciousness Government programmes
• Increasing frequency technological progress.
|Market Opportunities||• Developing nations & vaccinations in combination.
• Focus on mother-to-child transmission as a top priority.
Ans: The CAGR Growth rate of Hepatitis B Vaccine Market is approx. CAGR 4.6% for the forecast period of 2023-2030.
Ans: The projected market size of Hepatitis B Vaccine Market at USD 7.9 billion in 2022 and is poised to reach at 11.32 billion in 2030
Ans: The major Key Players are GlaxoSmithKline, Gilead Science Inc., Merck & Co., Inc., Shenzhen Kangtai Biological Products Co., Ltd., Cyrus Poonawalla Group (Serum Institute of India Pvt.), Dynavax, Technologies Corporation, Sanofi, VBI Vaccines Inc., Meiji Group (KM Biologics), LG Chem Ltd., Indian Immunologicals Limited and others.
Ans: The high incidence of hepatitis B infection, along with the expanding population at risk, particularly newborns and healthcare professionals, is responsible for the north American hepatitis B vaccine market over 40.8% revenue share in 2022 and is projected to increase at a significant rate through 2030.
Ans: It is anticipated that widespread product approvals and high demand for mass immunization would accelerate the adoption of these products.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of ongoing Recession
4.1.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hepatitis B Vaccine Market, By Type
8.1 Single Antigen Vaccine
8.2 Combination Vaccine
9. Hepatitis B Vaccine Market, By End-User
10. Regional Analysis
10.2 North America
10.2.1 North America Hepatitis B Vaccine Market, by country
10.2.2North America Hepatitis B Vaccine Market by Type
10.2.3 North America Hepatitis B Vaccine Market by End-User
10.2.4.1 USA Hepatitis B Vaccine Market by Type
10.2.4.2 USA Hepatitis B Vaccine Market by End-User
10.2.7.1 Canada Hepatitis B Vaccine Market by Type
10.2.7.2 Canada Hepatitis B Vaccine Market by End-User
10.2.8.1 Mexico Hepatitis B Vaccine Market by Type
10.2.8.2 Mexico Hepatitis B Vaccine Market by End-User
10.3.1 Europe Hepatitis B Vaccine Market by country
22.214.171.124 Europe Hepatitis B Vaccine Market by Type
10.3.3 Europe Hepatitis B Vaccine Market by End-User
10.3.6.1 Germany Hepatitis B Vaccine Market by Type
10.3.6.2 Germany Hepatitis B Vaccine Market by End-User
10.3.7.1 UK Hepatitis B Vaccine Market by Type
10.3.7.2 UK Hepatitis B Vaccine Market by End-User
10.3.8.1 France Hepatitis B Vaccine Market by Type
10.3.8.2 France Hepatitis B Vaccine Market by End-User
10.3.9.1 Italy Hepatitis B Vaccine Market by Type
10.3.9.2 Italy Hepatitis B Vaccine Market by End-User
10.3.10.1 Spain Hepatitis B Vaccine Market by Type
10.3.10.2 Spain Hepatitis B Vaccine Market by End-User
10.3.11 The Netherlands
10.3.11.1 Netherlands Hepatitis B Vaccine Market by Type
10.3.11.2 Netherlands Hepatitis B Vaccine Market by End-User
10.3.12 Rest of Europe
10.3.12.1 Rest of Europe Hepatitis B Vaccine Market by Type
10.3.12.2 Rest of Europe Hepatitis B Vaccine Market by End-User
10.4.1 Asia Pacific Hepatitis B Vaccine Market by country
10.4.2 Asia Pacific Hepatitis B Vaccine Market by Type
10.4.3 Asia Pacific Hepatitis B Vaccine Market by End-User
10.4.6.1 Japan Hepatitis B Vaccine Market by Type
10.4.6.2 Japan Hepatitis B Vaccine Market by End-User
10.4.7 South Korea
10.4.7.1 South Korea Hepatitis B Vaccine Market by Type
10.4.7.2 South Korea Hepatitis B Vaccine Market by End-User
10.4.8.1 China Hepatitis B Vaccine Market by Type
10.4.8.2 China Hepatitis B Vaccine Market by End-User
10.4.9.1 India Hepatitis B Vaccine Market by Type
10.4.9.2 India Hepatitis B Vaccine Market by End-User
10.4.10.1 Australia Hepatitis B Vaccine Market by Type
10.4.10.2 Australia Hepatitis B Vaccine Market by End-User
10.4.11 Rest of Asia-Pacific
10.4.11.1 APAC Hepatitis B Vaccine Market by Type
10.4.11.2 APAC Hepatitis B Vaccine Market by End-User
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Hepatitis B Vaccine Market by country
10.5.2 The Middle East & Africa Hepatitis B Vaccine Market by Type
10.5.3 The Middle East & Africa Hepatitis B Vaccine Market by End-User
10.5.6.1 Israel Hepatitis B Vaccine Market by Type
10.5.6.2 Israel Hepatitis B Vaccine Market by End-User
10.5.7.1 UAE Hepatitis B Vaccine Market by Type
10.5.7.2 UAE Hepatitis B Vaccine Market by End-User
10.5.8 South Africa
10.5.8.1 South Africa Hepatitis B Vaccine Market by Type
10.5.8.2 South Africa Hepatitis B Vaccine Market by End-User
10.5.9 Rest of Middle East & Africa
10.5.9.1 Rest of Middle East & Asia Hepatitis B Vaccine Market by Type
10.5.9.2 Rest of Middle East & Asia Hepatitis B Vaccine Market by End-User
10.6 Latin America
10.6.1 Latin America Hepatitis B Vaccine Market by country
10.6.2 Latin America Hepatitis B Vaccine Market by Type
10.6.3 Latin America Hepatitis B Vaccine Market by End-User
10.6.6.1 Brazil Hepatitis B Vaccine Market by Type
10.6.6.2 Brazil Africa Hepatitis B Vaccine Market by End-User
10.6.7.1 Argentina Hepatitis B Vaccine Market by Type
10.6.7.2 Argentina Hepatitis B Vaccine Market by End-User
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Hepatitis B Vaccine Market by Type
10.6.8.2 Rest of Latin America Hepatitis B Vaccine Market by End-User
12 Company profile
12.1 Eli Lilly and Company,
12.1.1 Market Overview
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Celgene Corporation
12.2.1 Market Overview
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 F. Hoffmann-La Roche AG
12.3.1 Market Overview
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Amgen Inc.
12.4.1 Market Overview
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Novartis AG.
12.5.1 Market Overview
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Pharmacy Biotech Inc.
12.6.1 Market Overview
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Clovis Oncology.
12.7.1 Market Overview
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Teva Pharmaceutical Industries Ltd.
12.8.1 Market Overview
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Merck & Co., Inc.
12.9.1 Market Overview
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Pfizer, Inc.
12.10.1 Market Overview
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Use Case and Best Practices
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